Market posted strong gains, most of Adani Group stocks recover
At close, the Sensex was up 1,961.32 points or 2.54% at 79,117.11, and the Nifty was up 557.35 points or 2.39% at 23,907.25.
The benchmark Sensex zoomed over 600 points in early trade on Thursday as early trends showed a return to power of the NDA government.
The S&P BSE Sensex was trading at 39,700 while the Nifty50 index was ruling at 11,950, up 211 points.
The counting of votes has begun for the mega seven-phase general elections that started on April 11 to elect the 17th Lok Sabha and ended on May 19. Most exit polls have predicted a return of the BJP-led NDA with full majority, though the opposition parties have dismissed them as false.
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The verdict will be out today when the votes polled across the country for 542 of the 543 seats will be counted.
Sensex managed to close 140 points higher on Wednesday amid record volatility as fresh nervousness gripped the market ahead of the general election results.
The India VIX or the fear gauge shot up to 30.18, a four year high level as the euphoria around the exit polls seemed dying down.
Indian equity indices touched all-time highs in the week after the exit polls predicted a comfortable victory for the BJP-led NDA government in the 2019 Lok Sabha elections.
On Tuesday, Sensex rose as much as 219.06 points to an all-time high of 39,571.73 in early trade breaching its previous highest mark of 39,487, while the NSE Nifty moved to a record 11,883.55, up 55.3 points from the previous close.
Read | Decision 2019: Lok Sabha Election results Live Updates
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