Mumbai/IBNS: Indian stock markets rallied sharply on Monday (Nov. 25) following the BJP-led NDA's decisive victory in the Maharashtra assembly elections, which includes Mumbai, India’s financial hub. 

The BSE Sensex opened at 80,193.47 points and climbed approximately 1,300 points by mid-morning, while the Nifty 50 rose by more than 346 points to open at 24,253.55.

This continued the momentum from Friday (Nov. 22), when both indices recorded their strongest performance since early June.

The Sensex jumped 1,961.32 points (2.54 percent) to close at 79,117.11, while the Nifty soared 557.35 points (2.39 percent) to settle at 23,907.25. 

Adani Group stocks also rebounded after a recent sell-off triggered by allegations of a $250 million bribery scheme, which the conglomerate has firmly denied as “baseless.”

Adani Energy Solutions led the gains, rising nearly 7 percent, followed by Adani Green Energy, which surged 6.42 percent.

Other significant performers included Adani Total Gas (up 5.33 percent), Adani Ports (up 4.64 percent), and Adani Power (up 4.17 percent). 

Flagship Adani Enterprises gained 4 percent, while Adani Wilmar rose 3.23 percent.

ACC and Ambuja Cements also recorded increases of 3 percent and 2.71 percent, respectively. 

All 13 major market sectors posted gains, with small- and mid-cap indices rising about 2 percent each.

The rally highlights strong investor confidence, fueled by political stability and favourable market sentiment. 

In Asian markets, Tokyo and Seoul traded higher, while Shanghai and Hong Kong showed declines, reflecting mixed regional trends.

The BJP’s overwhelming victory in Maharashtra, securing a record number of seats, has further strengthened the ruling coalition and boosted investor optimism, underscoring India’s strong political and economic outlook.