REUTERS - The BSE Sensex rallied to record highs, breaching the psychologically important 25,000 mark, while the rupee strengthened to near a 10-month high against the dollar, as early vote counts in the general elections showed the opposition Bharatiya Janata Party and its allies leading.
The BSE Sensex touched a life high of 25,375.63 in trade while the Nifty hit a record high of 7,563.50.
The Sensex was last trading 1,000 points higher.
Lenders such as Canara Bank jumped over 14 percent, ICICI Bank surged nearly 10 percent while HDFC Bank rose 7.8 percent with the NSE banking index hitting a record high of 15,742.05 points. The Bank Nifty was trading up 8.3 percent as of 10.36 a.m.
Among other blue-chips Reliance Industries gained 6.1 percent while HDFC gained 4 percent.
The partially convertible rupee rose to 58.68 per dollar, its strongest level in 11 months.
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