(Image source from: Sensex)

Approving the strong performance of the BJP in the assembly elections, the Sensex and Nifty touched new highs. The sensex closed at 21,326.42, gaining 329.89 points or 1.57 per cent, while the NSE CNX Nifty had a high closing of 6,363.90 points, a rise of 104.00 points or 1.66 per cent.

The market's positive response is due to the expectation that the BJP would win the 2014 Lok Shabha elections and form a business-friendly government. Besides, global markets showed a firming trend that helped the markets to cement gains.

(Picture Source: mrmoneymustache.com)

(AW: Pratima Tigga)