Key Points
Indian markets witnessed another stellar rally in today's trading session, with key benchmark indices reaching record highs..
The rally, which began during Monday's trading session in response to the ruling party, BJP, victory in three state elections, instilled significant optimism among investors..
While state elections do not correlate with Loksabha elections, the recent outcome removes a key overhang of political uncertainty for the markets for the next five months..
Taking these signals, the Nifty 50 jumped 419 points during Monday's trade, and the momentum extended to the following trade with an additional rally of 168.30 points, while in today's session, the index extended its winning streak, recording a new peak of 20,958.65 points, coming close to the 21,000 level..
Shares of Reliance Industries, the country's largest firm in terms of market capitalization, are trading 14.67% below their all-time high of 2,856..
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