MUMBAI (Reuters) - The Sensex and the Nifty rose to a record high on Monday as stocks of blue chips surged after main opposition party BJP, widely seen by investors as being more business friendly, swept three out of four key state elections held since last month.
ICICI Bank provisionally rose 4.5 percent, while Larsen and Toubro gained 3.9 percent.
The Sensex gained as much as 2.3 percent to a record high of 21,483.74 points, surpassing its previous peak hit on November 3. It provisionally rose 1.4 percent.
The Nifty rose as much as 2.5 percent to an all-time high of 6,415.25, surpassing its previous peak hit in January 2008. It provisionally closed up 1.7 percent.
(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)
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