Frontline indices- the Sensex and the Nifty 50- are likely to open with solid gains on Monday as indicated by Gift Nifty. A landslide victory of BJP-led alliance in Maharashtra assembly election 2024 could trigger a risk-on rally in the market.

In early trade today, the stock market continued its upward momentum. At the opening bell, the BSE Sensex is trading at approx 1000 points higher than the previous closing.

Benchmark Indian equity indices were trading higher, boosted by the BJP-led coalition's sweep in Maharashtra's state elections

US: Federal Reserve Governor Michelle Bowman will speak at the Annual Symposium on Building the Financial System of the 21st Century — 4:45 a.m. Rupee appreciated 5 paise to close higher at 84.45 against the US dollar. It opened flat at 84.49 on Friday. The Indian unit closed at 84.50 on Thursday, according to data on Bloomberg.

Reliance Industries, the second heaviest-weighed stock in the Nifty 50, gained 2.5%. Most Adani group stocks, too, rose at the open

Indian benchmark indices kicked off the week on a strong note, thanks to BJP-led Mahayuti alliance's landslide victory in the Maharashtra Assembly election over the weekend.

BSE Sensex and Nifty50, the Indian equity benchmark indices, rallied strongly in opening trade on Monday. While BSE Sensex climbed over 1,100 points, Nifty50 was above 24,250.

Sensex Today | Stock Market LIVE Updates | Indian benchmark equity indices, Sensex and Nifty50, tradec more than 1% higher on Monday, driven by investor optimism after the BJP-led Mahayuti alliance won the Maharashtra elections.