Ahead of poll results, the rise and rise of Indian stock markets

News Snapshot:

On Monday, the Indian stock markets soared to record highs during early trade. The BSE Sensex opened 2,622 points or 3.5 per cent higher at 76,583. The Nifty rose 3.58 per cent to 23,338. The rally was across the board. The BSE small- and mid-cap indices also hit fresh highs. The small cap index ended the day up 2.05 per cent, while the mid cap index closed 3.54 per cent higher. Public sector stocks also registered impressive gains — the BSE PSU Index was up 7.67 per cent, while the Nifty PSU Bank index was up 8.4 per cent. The...