Frontline indices- the Sensex and the Nifty 50- are likely to open with solid gains on Monday as indicated by Gift Nifty. A landslide victory of BJP-led alliance in Maharashtra assembly election 2024 could trigger a risk-on rally in the market.

In early trade today, the stock market continued its upward momentum. At the opening bell, the BSE Sensex is trading at approx 1000 points higher than the previous closing.

Benchmark Indian equity indices were trading higher, boosted by the BJP-led coalition's sweep in Maharashtra's state elections

The Nifty 50 closed the session with a decline of 0.34%, settling at 23,453 points. The S&P BSE Sensex closed 110 points, or 0.33%, lower at 77,327. Metal stocks surged up sharply after China’s finance ministry last week proposed to reduce or cancel export tax rebates for commodities.

Reliance Industries, the second heaviest-weighed stock in the Nifty 50, gained 2.5%. Most Adani group stocks, too, rose at the open

Sensex Today | Stock Market LIVE Updates | Indian benchmark equity indices, Sensex and Nifty50, tradec more than 1% higher on Monday, driven by investor optimism after the BJP-led Mahayuti alliance won the Maharashtra elections.

Indian benchmark indices kicked off the week on a strong note, thanks to BJP-led Mahayuti alliance's landslide victory in the Maharashtra Assembly election over the weekend.

BSE Sensex and Nifty50, the Indian equity benchmark indices, rallied strongly in opening trade on Monday. While BSE Sensex climbed over 1,100 points, Nifty50 was above 24,250.