On West Bengal, Tamil Nadu Election Results Day, Sensex Surges 1000 Points As Vote Counting Begins

Benchmark indices opened higher on May 4 as counting for assembly elections in West Bengal, Tamil Nadu, Assam, Kerala, and Puducherry began at 8:00 AM.

As of 9:50 AM, the BSE Sensex jumped nearly 1,000 points, or 1.30 per cent, to hit an intraday high of 77,910. In tandem, the NSE Nifty 50 climbed 293 points, or 1.21 per cent, to touch 24,290 in early trade, signalling a strong start to the session.

Broader markets mirrored the benchmarks, as Nifty Smallcap 100 and Nifty Midcap 100 traded up nearly 1 per cent. Nifty 500, which represents nearly 92 per cent of the total free-float market capitalisation of all NSE-listed stocks, was also up by 0.85 per cent. Nifty Microcap 250, which tracks the performance of the top 250 stocks beyond Nifty 500 constituents saw the strongest surge, rising over 1.50 per cent.

Among the Nifty 50 constituents, Hindustan Unilever surged the highest, rising over 4.50 per cent, followed by Bajaj Auto, Maruti Suzuki, and Adani Ports, which rose over 3 per cent each. Shriram Finance, Larsen & Toubro, and Bajaj Finance also gained over 2 per cent. On the other hand, Kotak Mahindra Bank, ONGC, Bharti Airtel, Dr Reddy's Laboratories, and Tata Consultancy Services (TCS) were the top laggards, weighing on the index.