The Indian equity market experienced a significant surge on November 25, as the Sensex gained 992.74 points, or 1.25 percent, closing at 80,109.85. Similarly, the Nifty rose by 314.60 points, or 1.32 percent, to finish at 24,221.90.

This rally was driven by the BJP-led Mahayuti alliance's decisive victory in the Maharashtra elections, which greatly boosted investor sentiment. Positive global cues also contributed to a strong opening, with the Nifty initially reaching around 24,250. However, there was some selling pressure at higher levels, resulting in a slight pullback before the indices closed in positive territory.

Market analysts believe that the election outcome will have a positive impact on market sentiment in the near future, although concerns about state fiscal health still persist.