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.

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

The BSE Sensex today opened upside at 80,193 and touched an intraday high of 80,452 in early morning deals, logging an intraday rise of 1,355 points. Likewise, the Nifty Bank index opened higher at 52,046 and touched an intraday high of 52,232 during the Opening Bell, logging an intraday rally of around 1,100 points.

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

From 2004 to 2024, Maharashtra elections influenced market performance. Nifty rose by 165.43% (2004-2009), 53% (2009-2014), 45.31% (2014-2019), and 119.85% (2019-2024). Similarly, Sensex grew by 197.04%,

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.

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.