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NRIPage | Articles | Stock Markets Rise After BJP's Big Win in Maharashtra Elections | Get Agriculture & Forestry Resources. Enhance Your Green Practices around the world - NRI Page
Indian stock markets saw a strong rally this morning, buoyed by the BJP-led NDA's massive victory in the Maharashtra assembly elections, which is home to Mumbai, the financial capital of India. The BSE Sensex opened at 80,193.47 points and surged by about 1,300 points by 11 am, while the Nifty 50 gained more than 346.30 points to open at 24,253.55 points. This follows a strong session on Friday where both indices saw their best performance since early June.
All 13 major sectors of the market posted gains, with small- and mid-cap stocks rising about 2% each. The Adani Group stocks also bounced back strongly after a recent sell-off triggered by bribery allegations, which the group has denied as baseless. Among the top performers, Adani Energy Solutions surged nearly 7%, Adani Green Energy rose 6.42%, Adani Total Gas jumped 5.33%, Adani Ports climbed 4.64%, and Adani Power rallied 4.17%.
Shares of Adani Enterprises, Adani Wilmar, ACC, and Ambuja Cements also saw significant gains. The BJP's record-breaking win in Maharashtra was a major factor driving investor optimism, with the Mahayuti alliance securing a landslide victory.
Globally, Asian markets showed mixed results, with Seoul and Tokyo trading higher, while Shanghai and Hong Kong were in the red.
