After the grand victory of Mahayuti in the Maharashtra assembly elections, the Indian stock market has made a great start today (25 November). The main reason for this boom in the stock market is believed to be the big victory of the BJP alliance. The bumper victory of Mahayuti in Maharashtra has increased the confidence of investors. However, apart from this, the positive trend in the global markets is also supporting the Indian market. Let us tell you that till 9:09 am, Sensex was trading at 80,193.47 with a gain of 1,076.36 points, while Nifty 50 was seen trading at 24,253.55 with a gain of 346.30 points. In early trade, the Nifty rose 1.55% or 370.25 points to reach 24,277.5, while the Sensex was trading at 80,376.32 with a gain of 1.59% or 1,259.2 points.
All stocks of Adani Group registered gains
The effect of the spectacular victory of the Mahayuti in Maharashtra is being seen in all the stocks of the Adani Group. The big thing is that all the stocks of the Adani Group have registered a sharp rise today. There has been a tremendous rise in Adani Power, Adani Green Energy, Adani Total Gas including Adani Group’s flagship company Adani Enterprises. Not only this, major stocks like Shriram Finance, Adani Enterprises, M&M, Bharat Electronics, and BPCL have registered a great rise in the Nifty. Apart from this, the BSE Midcap and Smallcap index have also seen a gain of 1.5%.
Read Also:- BSE Sensex ends 1,961 points up and Nifty above 23,907
Banking stocks also saw a rise
The important thing is that all sectoral indices are in the green in early trade. Auto, banking, media, telecom, oil and gas, power and realty sectors have all seen a rise of 1-2 percent. Apart from this, banking stocks also saw a rise. Let us tell you that Bank Nifty registered a rise of about 2 percent. The main reason behind this rise was the rise in stocks like HDFC Bank, ICICI Bank, SBI and Axis Bank. On a sectoral basis, realty and PSU bank indices have registered a rise of up to 2.8 percent.
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