Benchmark indices rallied sharply by 350 points, following the various exit polls, which predicted a clear victory for the BJP in Gujarat and a thumping win in Himachal.
The Sensex was up 350 points, while the Nifty was higher by 111 points in trade. Leading the rally was Vedanta, which jumped as much as 3 per cent, while heavyweight HDFC Bank was up 2 per cent. Other notable winners were the Gujarat based Adani Ports and Hindalco.
The rupee meanwhile surged to a 3-month high of 64.10. Check Currency Rates here