The strong mandate, participants say, is likely to help the government execute reforms smoothly.
For the sentiment to sustain, government has to deliver on economic reform agenda, says Memani
Financials, auto and consumer companies led the outperformance during this period.
The 12200 call option added 2.8 lakh shares in open interest on Monday.
The Sensex and Nifty are likely to open with gains of 1-2 per cent on Monday.
No Indian company made it to the top 200 list of Bloomberg 500.
Analysts said investors hold 1.3 long positions in index futures for every short position.
"Markets to react positively in case of a decisive victory for either NDA or UPA coalition."
To top these concerns, crude and rupee are not in very comfortable zones.
Technical analysts believe that the medium-term trend for Reliance Industries remains positive.
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