Sensex surges 750 pts, Nifty above 24,150. State election trends among 4 factors behind rally

Indian stock markets surged on Monday, with Sensex and Nifty rising nearly 1% as investors closely assessed early trends in West Bengal and other state election results. Broad-based optimism saw major indices and sectors gain, though Kotak Mahindra Bank bucked the trend. Analysts suggest the election impact will be short-term.