The Indian stock market had a strong recovery, gaining almost 2 percent for the week ending November 22. This was driven by short-covering ahead of the Maharashtra assembly election results, where the BJP-led Mahayuti alliance won.

Market experts are optimistic about an earnings recovery in the latter half of the fiscal year, driven by government spending and consumer activity.

The market will react to the election results from Maharashtra and Jharkhand announced over the weekend. Analysts expect the positive momentum to continue throughout the week starting November 25, with some volatility due to the monthly F&O expiry. Key focus areas include India's GDP figures, economic data from the United States, and developments in the Ukraine-Russia conflict.

• The BSE Sensex closed at 79,117, reflecting a 1.98 percent increase.
• The Nifty 50 rose 1.6 percent to 23,907.
• The Nifty Midcap 100 index gained 1.8 percent.
• The Smallcap 100 index saw a 0.9 percent increase.