Stocks in Focus: GIFT Nifty traded up 468 points or 2.30% at 20,821, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 soared 418.90 points or 2.07% to settle at a record high of 20,686.80, while the BSE Sensex jumped 1383.93 points or 2.05% to 68,863.93.
“Indian equities celebrated BJP’s sweeping victory in the three states by rallying more than 400 points to hit fresh high of 20,702 levels. The outcome was overwhelmingly in favour of the incumbent BJP, strong macroeconomic data and easing global interest rate expectations boosted the market momentum. Nifty has rallied by 1865 points or 10% from its low of 18,837 made in October 23. We expect market sentiment …