Sensex rises 356 points, Nifty ends above 24,100 on Assembly election outcome hopes
Public Lokpal
May 04, 2026
Sensex rises 356 points, Nifty ends above 24,100 on Assembly election outcome hopes
Mumbai: Benchmark indices Sensex and Nifty ended higher on Monday, helped by buying in blue-chip stocks and state poll results moving towards an outcome in line with market expectations.
The 30-share BSE Sensex climbed 355.90 points or 0.46 per cent to settle at 77,269.40. During the day, it jumped 997.25 points or 1.29 per cent to 77,910.75.
The 50-share NSE Nifty rallied 121.75 points or 0.51 per cent to end at 24,119.30.
From the 30-Sensex firms, Adani Ports, Hindustan Unilever, Reliance Industries, Larsen & Toubro, Eternal and Maruti were among the biggest gainers.
Bharti Airtel, Kotak Mahindra Bank, Tata Consultancy Services and ITC were among the laggards from the pack.
"Investor sentiment remained supported by a favourable election outcome in West Bengal and a better-than-expected Q4 earnings, helping markets look past Middle East-related concerns.
Brent crude, the global oil benchmark, jumped 1.48 per cent to USD 109.8 per barrel.
In Asian markets, South Korea's benchmark Kospi and Hong Kong's Hang Seng index ended higher. Markets in Japan were closed due to a holiday.
Markets in Europe were trading mostly lower.
US markets ended mostly higher on Friday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,047.86 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs), however, were buyers as they bought stocks worth Rs 3,487.10 crore.
Stock exchanges were closed on Friday for Maharashtra Day.
On Thursday, the Sensex tumbled 582.86 points or 0.75 per cent to settle at 76,913.50. The Nifty dived 180.10 points or 0.74 per cent to end at 23,997.55.
PTI