The volatility, which reached a two-year high, is likely to remain elevated until the election results, with the Nifty 50 expected to consolidate around the 23,000 mark, experts said.
Nifty hits a record high while Sensex surges 1,200 points, fuelled by RBI s Rs 2.1 lakh crore dividend for the government. Analysts anticipate positive macroeconomic effects, including potential fiscal deficit reduction and infrastructure spending boost.
India's equity market soars with Sensex and Nifty reaching new peaks amid reduced election jitters and a significant RBI dividend. Key gainers include Adani Enterprises and HDFC Bank.