Sensex, Nifty sharply advance on back of Maharashtra assembly election results

The Sensex was up 992.74 points or 1.25 percent at 80,109.85, and the Nifty was up 314.60 points or 1.32 percent at 24,221.90

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Sensex and Nifty sharply advanced in the morning trade on Monday on the back of Maharashtra assembly election.

At close, the Sensex was up 992.74 points or 1.25 per cent at 80,109.85, and the Nifty was up 314.60 points or 1.32 per cent at 24,221.90.

Among the sectors, all finished the day on a strong note, with the PSU pack showing notable upward momentum, driven by expectations of a resumption in capex growth.

The Nifty PSU Bank surged 4.09 per cent, followed by Nifty Oil & Gas, Nifty PSE, Nifty Infra, Nifty Energy, and Bank Nifty, which rose between 1.7 per cent and 3 per cent.

Nifty Midcap 100 index rose by 1.61 per cent, settling at 55,900, while the Nifty Smallcap 100 index recorded an even larger gain of 2.03 per cent and closed at 18,115.