Brief by Shorts91 Newsdesk / 04:28am on 04 Dec 2023,Monday Business
Indian equity markets rallied to record highs on Monday, with benchmark Sensex surging over 1,000 points and Nifty climbing more than 300 points in early trade. The surge comes a day after the BJP emerged victorious in state election results, retaining power in Madhya Pradesh and wresting control of Rajasthan and Chhattisgarh from Congress. However, Congress defeated KCR's BRS to flip Telangana. The strong electoral showing for PM Modi's BJP has sparked a rally in equities, underscoring optimism in its pro-growth policy agenda which cheered investors. Markets are seeing additional gains building on an already positive momentum.
