Sensex, Nifty rise 1%; energy stocks drive gains

PTI Mumbai, Maharashtra, India Mar 11, 2019, 04.22 PM(IST)

File photo. Photograph:( Reuters )

Story highlights

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 and the Nifty rose more than 1 per cent 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 per cent at 37,054.1. The Nifty ended 1.20 per cent higher at 11,168.05, its highest level since September.

Index-heavyweight Reliance Industries Ltd rose 2.9 per cent while Bharti Airtel Ltd was the top percentage gainer on the NSE index, jumping 8.13 per cent.