- Benchmark indexes surpass all-time highs registered in April
- Advances in Reliance Industries, HDFC push Sensex higher
- Analysts say rally before election results could be short-lived
Here are 10 things to know:
Tata Motors shares fell as much as 3.66 on the BSE, a day after the carmaker reported its earnings for the quarter ended March 31. In a regulatory filing post-market hours on Monday, Tata Motors posted a net profit of Rs. 1,117 crore for the three-month period, marking its first quarterly profit in the fiscal year.
Some analysts say that the rally before the election results due on Thursday could be short-lived. The poll of polls, an aggregate of exit polls, gives the BJP-led National Democratic Alliance (NDA) 302 of 543 seats. (Read more: NDA to form government comfortably, predicts poll of polls)
Equities in other Asian markets wobbled near four-month lows on mounting worries about the US-China trade talks.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade but stayed close to a four-month low touched on Friday. It has fallen about 8 per cent from a nine-month peak hit just over a month ago. Japan's Nikkei fell 0.5 per cent.
In New York, the S&P 500 lost 0.67 per cent while the Nasdaq Composite dropped 1.46 per cent.
On Monday, the Sensex and Nifty had risen 3.75 per cent and 3.69 per cent respectively to end at record highs, registering their biggest single-day gain since September 2013.
(With inputs from Reuters)