Sensex soars 537 points ahead of exit polls, Nifty reclaims 11,400 level

The BSE Sensex soared 537 points and the NSE Nifty reclaimed the 11,400 level Friday in a broad-based rally led by banking and auto stocks ahead of exit poll results, despite global headwinds.

Markets are pricing in the formation of a stable government and continuation of reforms, experts said.

The 30-share BSE benchmark closed 537.29 points, or 1.44 per cent, higher at 37,930.77. Similarly, the broader Nifty rose 150.05 points, or 1.33 per cent, to settle at 11,407.15.

During the week, the Sensex gained 467.78 points, or 1.24 per cent, and the Nifty advanced 128.25 points, or 1.13 per cent.

Bajaj Finance was the