Sensex closed above the key 80,000 mark on Monday with Nifty too breaching the 24,000 mark. The 30-stock index ended 992.74 pts higher at 80,109 and Nifty rose 314 pts to 24,221.

Nifty 50 concluded today's session, November 25, with a gain of 1.32%, closing at 24,221 points. The Sensex also ended the session higher, gaining 1.25% to close at 80,109 points.

Extending its previous day's sharp rally, the BSE benchmark Sensex jumped 992.74 points or 1.25 per cent to settle at 80,109.85. During the day, it soared 1,355.97 points or 1.71 per cent to 80,473.08.

Indian stock markets rallied on Monday after the BJP-led government secured a majority in the latest state elections in Maharashtra.

As long as the benchmark Nifty 50 index and Sensex are trading above 200 day Simple Moving Average or 23600 and 77500 respectively, the pullback formation is likely to continue, said experts

The weekly performance turned green eventually for these two benchmarks, which was earlier dragged by the escalation of war between Russia and Ukraine coupled with investors demand for dollar and treasury yields.

Sensex and Nifty surge on BJP's Maharashtra victory, global rally; Sensex up 1,289.89 points, Nifty up 405.25 points.