In morning trading, Nifty adds 560 points and Sensex moves up 2.46%.

The domestic stock market indices, Sensex and Nifty, which opened on Wednesday, May 5, over 1% higher, continued their advances in the morning session, one day after the Lok Sabha elections were announced. At 11:30 am, the Sensex increased by 2.46 percent, or 1,772.04 points, to 73,851.09. At the opening, the index was up 1.32 percent, or 73,027.88, over the previous finish of 72,079.05. After beginning with a gap up of 243.85 points, or 1.11 percent, the wider Nifty also surged 2.56%, or 560.5 points, to an intraday high of 22,445. Following the Bharatiya Janata Party's (BJP) failure to achieve a majority in the general elections on Wednesday, the Nifty 50 plummeted 1,379.4 points, or 5.93 per cent, to close at 21,884.5 and the Sensex lost 4,389.73 points, or 5.74 points, to end at 72,079.05. Only 240 seats were won by the party, many fewer than predicted by the market. The surprise election results will take some time for the market to process. The market will quickly sta