Opening at all-time highs, the Sensex crosses 69,000 points for the first time.

Inaugurating a historic chapter, the financial markets commence operations at an unparalleled zenith, witnessing the Sensex triumphantly surmounting the 69,000-point milestone for the very first time.

Embarking on a relentless trajectory of triumph, India's quintessential benchmark gauges, namely Sensex and Nifty, gracefully unfold their daily proceedings this Tuesday. This ascent is particularly conspicuous following the resounding electoral victory of the ruling Bharatiya Janata Party (BJP) in three out of the five state assembly elections of 2023. The electoral outcomes, unveiled on the preceding Sunday, cast an indelible impact on the market landscape, ushering in an exuberant surge come Monday morning.

Merely within a span of 24 hours, Sensex and NSE Nifty once again scale unprecedented peaks, a direct consequence of the BJP securing triumphant victories in the pivotal states of Madhya Pradesh, Rajasthan, and Chhattisgarh.

As the clock ticks, the NSE Nifty 50 index orchestrates an upward movement of 0.52%, gracefully reaching the pinnacle at 20,794.50 points. Concurrently, the S&P BSE Sensex asserts its dominance with a 0.50% elevation, culminating at an awe-inspiring 69,204.10 points as of 9:51 a.m. IST.

Financial institutions witness a commendable upswing, with banks notching up a 0.7% gain, while their public sector counterparts surge ahead with a robust 1.3% augmentation. Discerning brokerage houses, foreseeing a buoyant trajectory in domestic equities leading up to the 2024 Lok Sabha elections, prominently position financials and large-caps in their coveted sectors.

Within the realm of Nifty-listed entities, the seesaw of fortunes unfolds with 27 entities marching forward in gains, juxtaposed against 23 entities grappling with declines. BPCL, Axis Bank, Adani Enterprises, Adani Ports, and Dr. Reddy emerge as the stellar performers, while HCL, Infosys, Bajaj Auto, Bajaj Finserv, and NTPC find themselves in the ranks of the top losers.

Even as the optimistic trends persist in the second day of the post-election market surge, the GIFT Nifty on the NSE IX charters a departure from the jubilant narrative, marking a dip of 43.5 points and concluding at 20,817. This nuanced descent sets the stage for a potentially measured initiation for Dalal Street on Tuesday.

Varun Aggarwal, luminary founder and managing director of Profit Idea, imparts insights, stating to ANI, "Amidst the prevailing uncertainty surrounding OPEC's voluntary output cuts and the ongoing geopolitical tensions in the Middle East, oil prices exhibit a stalwart stance on Tuesday, sparking concerns regarding supply. Brent crude futures witness a modest uptick of 13 cents, reaching the zenith at USD 78.16 per barrel, whereas U.S. West Texas Intermediate crude futures elevate by 18 cents to settle at USD 73.22 per barrel."