Sensex, Nifty get thumbs up as BJP leads in Bengal, markets gain

The BSE Sensex was up 334.71 points, or 0.44%, at 77,248.21 as of 12:44 pm, while the Nifty 50 gained 103.90 points, or 0.43%, to trade at 24,101.45 as of 12:30 PM.

In Short

• Markets rose on BJP lead in West Bengal elections
• Broad buying across sectors including midcap and smallcap
• Crude oil prices eased, easing supply disruption fears

Markets traded higher on Monday, reacting positively to early trends from the West Bengal elections where the BJP is leading, signalling investor optimism around political stability and policy continuity.

The BSE Sensex was up 334.71 points, or 0.44%, at 77,248.21 as of 12:44 pm, while the Nifty 50 gained 103.90 points, or 0.43%, to trade at 24,101.45.

MARKETS CHEER ELECTION TRENDS

Markets had surged nearly 1% in early trade, reflecting a strong positive reaction to election trends. Analysts say such moves are typically sentiment-driven, as investors view political clarity as supportive for economic decision-making and reforms.

However, gains moderated later in the session as investors turned cautious and booked some profits.

The rally was led by auto stocks, supported by strong monthly sales data.

Maruti Suzuki and Hero MotoCorp were among the top gainers, rising sharply in early trade. Bajaj Auto also surged to an 18-month high after reporting a 40% year-on-year jump in April sales.

Hindustan Unilever gained after posting better-than-expected quarterly earnings, while stocks like NCC and Equitas Small Finance Bank also advanced on company-specific developments.

BROAD-BASED BUYING SEEN

All major sectors had opened in the green earlier in the day, indicating broad-based participation.

Midcap and smallcap stocks also gained about 1% each, showing that the rally was not limited to largecaps alone.

Another key factor supporting markets was easing crude oil prices.

Brent crude, which had surged to over $126 per barrel last week, has now cooled to around $108–109 levels. WTI crude was also trading near $102.

The decline followed comments from US President Donald Trump about helping free ships stranded in the Strait of Hormuz, reducing fears of supply disruptions amid the Iran conflict.

Despite the positive momentum, experts caution that global developments will continue to drive markets.

While election-driven optimism has lifted sentiment, the sustainability of the rally will depend on global cues such as crude oil prices, geopolitical developments and foreign investor flows.

For now, markets appear to have given a clear thumbs up to the election trends, but volatility is likely to remain as investors track both domestic and global triggers closely.

(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)

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