(Reuters) - The Sensex and the Nifty rose more than 1 percent on Monday, led by energy stocks, as expectations that Prime Minister Narendra Modi-led coalition would return to power after the general election boosted sentiment.
India’s ruling party alliance was likely to come within a few seats of winning a simple majority in parliament at the general election set to start on April 11, a nationwide opinion poll has shown.
The Sensex closed up 1.04 percent at 37,054.1. The Nifty ended 1.20 percent higher at 11,168.05, its highest level since September.
Index-heavyweight Reliance Industries Ltd rose 2.9 percent while Bharti Airtel Ltd was the top percentage gainer on the NSE index, jumping 8.13 percent.
Reporting by Arnab Paul in Bengaluru; Editing by Shreejay Sinha