New Delhi. Good growth was seen when the stock market opened on Monday after the results of Maharashtra and Jharkhand assembly elections. On the first trading day of the week, the Sensex rose 1,249.86 (1.57%) points to reach 80,315.02. Nifty strengthened by 379.71 (1.59%) points to reach 24,286.95.
Due to the strengthening trend in the domestic stock markets, the rupee strengthened by six paise against the US dollar in early trade on Monday to reach Rs 84.35 per dollar. Indian stock markets gained momentum on Monday after the BJP-led government got majority in the recent assembly elections in Maharashtra.
The Nifty 50 index opened at 24,253.55 points, up 1.45 per cent or 346.30 points, while the BSE Sensex index opened at 80,193.47 points, up 1,076 points or 1.36 per cent. According to experts, election results have an impact on the stock market today and if past trends are anything to go by, there may be some uptick in the markets amid the return of BJP in the Maharashtra state elections.
In the Nifty 50 list, 49 stocks rose during the opening session while only one stock declined. Sree Finance opened as the top gainer in Nifty 50. Adani Group shares also rose by about 2 percent at the time of filing this report. During this period, Adani Green also rose by about 4 percent.
