Sensex share markets: ICICI Bank, HDFC Bank and Larsen Toubro were the top Nifty gainers.
The SP BSE Sensex and NSE Nifty 50 Index staged a sharp upmove a day after Prime Minister Narendra Modi-led National Democratic Aliance (NDA) won an overwhelming majority in the recently concluded general elections.
PM Modi's Bharatiya Janata Party improved on its previous term's tally of 282 seats and won over 300 seats in the Lok Sabha elections while the Congress-led United Progressive Alliance (UPA) won on 92 seats.
Analysts say that an NDA victory was priced in but BJP improving its own tally and winning over 300 seats boosted investor sentiment and fuelled hopes of structural economic reforms and higher spending on building infrastructure.
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