The Nifty and Sensex have been on an upward trend for three consecutive days, driven by strong performances in the IT, realty, and FMCG sectors.
Key gainers on the Nifty include Infosys, BEL, Tech Mahindra, Asian Paints, and Tata Steel.
As of 9:30 am, the Sensex has risen by 250.53 points, or 0.31%, to reach 80,360.38, while the Nifty has increased by 81.90 points, or 0.34%, to 24,303.80.
Market breadth is positive, with 2,137 shares advancing, 758 declining, and 103 remaining unchanged.
Analysts believe that the recent electoral victory of the ruling NDA alliance in Maharashtra could restore market confidence and lead to increased government spending after a significant 17% year-on-year decline in the first half.
However, there are concerns about ongoing geopolitical risks, and investors are advised to monitor how these factors develop in the coming weeks.