Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, Sensex and Nifty, surged over 1.5% on Monday following the BJP-led alliance’s significant victories in the Maharashtra state assembly elections. At 10 a.m., the Sensex rose by 1,151 points, while the Nifty gained 383.60 points. Motilal Oswal Financial expects increased government spending and a recovery in rural demand, driven by favourable monsoon conditions, to improve economic growth. Emkay Global Research noted the success of populist schemes in Maharashtra and Jharkhand, though cautioning that increased fiscal pressure could result from higher spending. Despite a 10% correction since September 2024, analysts foresee a period of market consolidation. Emkay Global also revised its Nifty target for December 2025 from 26,000 to 25,000, citing weak consumption demand and worsening cash flows. Foreign institutional investors (FIIs) have been net sellers, but analysts believe the trend may taper off. With the wedding season expected to boost demand, experts recommend a cautious approach, focusing on quality stocks with resilience to macroeconomic pressures.
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