Big bulls were raging on Dalal Street as bullish investors bet big on the Lok Sabha election outcome favouring NDA-led government. On heels of exit poll, it was another record breaking day with the Sensex ending above 23,500. The Sensex was up 556.77 points or 2.42 percent at 23551. Nifty posted biggest two-day gains since August 2011 and ended at 7014.25, up 155.45 points or 2.27 percent.
Meanwhile, the world’s largest democratic exercise will conclude this evening. The big highlight today is the battle for Varanasi, where the BJP’s Prime Ministerial Candidate Narendra Modi is locked in a fight With Aam Aadmi Party’s Arvind Kejriwal and Congress candidate Ajay Rai.
Both the Nifty and Sensex gained over 5.3 percent in last two trading sessions. Bank Nifty gained over 300 points to end at life high of 14,091. HDFC Bank was top contributor to Bank Nifty, contributing over 170 points. ITC and HDFC Bank wre top contributors to Nifty, contributing over 40 points. PSU, oil & gas stocks lead market rally, gain over 3 percent each.