The NSE Nifty rose 156.3 points, or 0.72%, to close at 21,853, off its all-time high of 22,126. BSE s Sensex rose 440.3 points, or 0.61%, to end at 72,085. The index s Friday high of 73,089 was a few points below its record high of 73,427.
Benchmark indices have performed well in election years going by four decades of history and despite spikes in volatility, the median returns in election years have been 17%. As per ICICI Direct, the outperformance of PSU banks will only amplify and investors should also raise their exposure to IT stocks ignoring the noise.