Indian equity benchmarks surge on positive state election outcomes, increased government spending expectations, and strong market breadth.

Reliance Industries, the second heaviest-weighed stock in the Nifty 50, gained 2.5%. Most Adani group stocks, too, rose at the open

The 30-share BSE Sensex pack surged more than 1,300 points to hit above 80,450 level, while the broader NSE Nifty index moved around 400 points to trade above 24,300. Last checked, Sensex was up 1,261 points or 1.

Markets are drawing optimism from the landslide victory of the Bharatiya Janata Party (BJP)-led coalition in the Maharashtra Assembly elections