Leading the charge in the Nifty 50 were Shriram Finance, Axis Bank, ICICI Bank, and both HDFC entities. Meanwhile, the Bank Nifty index also saw a remarkable rally, gaining over 1,000 points in a single day and reaching an all-time high of 52,746.50. The Bank Nifty closed 902 points or 1.74% higher from its previous close, at 52,606.

Top gainers on the Nifty 50 included Shriram Finance, HDFC Life, Divis Labs, and M&M, each rising between 3 to 5 percent. On the other hand, HUL, Britannia, Axis Bank, and Eicher Motors were among the worst-performing stocks, experiencing declines ranging from 1 to 2 percent. Sector-wise, Nifty Realty and Nifty IT emerged as the major gainers, rising by 2 percent and 1 percent, respectively. Conversely, Nifty Media and Nifty FMCG experienced declines of 1 percent and 0.6 percent, respectively.

The market capitalisation of BSE-listed firms stood at Rs 4,29,32,991.65 crore (USD 5.14 trillion) -- its lifetime high. The Sensex was on the back foot for the past two trading sessions.

Dalal Street investors saw their wealth increase by Rs 21 lakh crore over two days as the BSE Sensex surged 4% due to upbeat market sentiment following the NDA's majority win in parliamentary polls, with major gains in tech and finance stocks.

Stock markets snapped their five-day losing run on Friday with the benchmark BSE Sensex closing higher by 75 points on value-buying in banking and oil shares after recent losses.

Among the top gainers on the NSE were Hindustan Unilever, Britannia, Tata Consumers, Coal India, and Reliance. However, some major losers included BPCL, Hero Motocorp, Hindalco, Apollo Hospitals, and Sun Pharma.

Market participants are strategically focusing on quality mid and smallcap stocks, particularly those associated with government-backed sectors such as railways, defense, construction, rural development, and solar panels.

All sectoral indices in India finished in the red, with realty and PSU bank stocks taking the hardest hits.

Among the Sensex constituents, 22 stocks trended downwards, with Bharti Airtel, Nestle India, Sun Pharma, and IndusInd Bank being the prominent decliners. Conversely, Ultratech Cement, Tech Mahindra, Axis Bank, and Tata Steel managed to sustain positive momentum.

Financial and power stocks were among the top performers on Dalal Street, driving the market sentiment positively throughout the trading session. Notable gainers in the Nifty basket included NTPC, BPCL, Power Grid, Tata Steel, and Coal India, each posting gains ranging between 3 to 4 per cent. Conversely, stocks such as Bharti Airtel, HDFC Life, Maruti Suzuki, ICICI Bank, and ONGC faced losses.

During today's trading session, IT stocks experienced a significant downturn, particularly intensified by a sharp decline in Tata Consultancy Services (TCS) shares along with Fast Moving Consumer Goods (FMCG) stocks.

Leading the downturn in the Sensex were prominent stocks like Tata Consultancy Services, Nestle, Bajaj Finserv, Wipro, Maruti Suzuki India, Reliance Industries, Larsen & Toubro, and NTPC. However, Tata Steel, Bajaj Finance, JSW Steel, and Bharti Airtel showed signs of improvement.