Sensex, Nifty up 2% in biggest rally in a year

DOMESTIC STOCK market indices, the Sensex and Nifty, on Monday scaled new all-time highs after the BJP win in three of the four major states boosted investor sentiments and raised hopes of political stability post the 2024 Lok Sabha elections.
The BSE’s 30-share Sensex gained 1,383.93 points, or 2.05 per cent to end at a new peak of 68,865.12. The Nifty 50 rose 418.9 points, or 2.07 per cent, to finish at record high of 20,686.80. In terms of percentage points, this is the biggest single-day rally for both the indices in more than a year (since October 4, 2022).
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