During Monday's market opening, India's primary indices, Sensex and Nifty, reached unprecedented heights following the recent victory of the ruling Bharatiya Janata Party (BJP) in state elections, alongside strong domestic economic data and expectations of a US rate cut in March, stated ANI report.  Experts analysing the surge provided insights into the factors fuelling this impressive rally, the report added. 

Sunil Shah attributed the market rise to the positive state election results, stating, "The market feels confident due to the recent election outcome, showing support for the ruling party."