Markets give thumbs up to BJP's victory in assembly polls; Sensex over 500 points up, Nifty at all time high

Stock Market on Tuesday climbed over 500 points in opening trade, giving a huge thumbs up to a victory registered by the Bhartiya Janata Party (BJP) in Assembly Elections.

With 312 out of 403 seats, the BJP emerged as the single largest party in Uttar Pradesh and bagged  Uttarakhand state with 2/3rd majority.

 Sensex soared 616 points to 29,561.93, while the Nifty hit a new high at 9,122.75 in opening trade.

On Friday, BSE Sensex had closed at 28,946.23, up 17.10 points or 0.06%, while NSE Nifty 8,934.55, up 7.55 points or 0.08%.

(To be updated)