Sensex surges over 1,000 points ahead of assembly election results

The share market made strong gains on Thursday as assembly election results in five states, including Uttar Pradesh, are set to be declared today.

The Sensex surged 2 per cent or 1,091.59 points to 55,738.92 and Nifty 50 was up by 1.81 per cent or 295.50 points at 16,640.85.

The Nifty's bank index, financial services index and auto index were among top gainers, rising more than 3 per cent each. Tata Motors was the top boost to the



Nifty 50, climbing nearly 7 per cent.

Asian shares surged on Thursday, tracking Wall Street's gains as planned diplomatic talks between Russia and Ukraine buoyed sentiment.

On Wednesday, stock market settle over two per cent higher, boosted by gains in Reliance and automobile stocks, with airlines also giving a push after the government lifted pandemic-related curbs on international flights.