Brief by Shorts91 Newsdesk / 06:45am on 25 Nov 2024,Monday Business
Indian stock markets soared on Monday, with the Sensex surging 1,289 points to surpass the 80,000-mark and the Nifty climbing 405 points to 24,312. Analysts attributed the rally to the National Democratic Alliance's (NDA) significant electoral victories in Maharashtra and Jharkhand, boosting investor confidence. Reliance Industries rose 2.5% following an upgrade by Citi, while most Adani group stocks recovered after recent losses. All 13 major sectors posted gains, with small- and mid-caps rising by 2%. Online food delivery giant Zomato jumped 6% after being chosen to replace JSW Steel in the BSE Sensex from December 23.
