Indian benchmark indices, the S&P BSE Sensex and NSE's Nifty 50, rallied the most on Monday on the back of exit polls data that indicate comfortable win for the Bharatiya Janata Party-led National Democratic Alliance (NDA) with their tally of 336 seats.

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At 11:58 am, the Sensex was up 1,031 points, or 2.72 percent, at 38,952.37 points, while the Nifty 50 advanced 301.25 points, or 2.64 percent, to 11,708.40 points.

Among the key sectoral indices, PSU banks rose 6.82 percent followed by the realty index, which was up 4.28 percent. Nifty Bank is up, led by the gains in Bank of Baroda, SBI, Federal Bank, PNB, ICICI Bank, IndusInd Bank among others.

Shares of Adani Group companies surged today after exit polls' suggestion of the incumbent dispensation returning to power.

Cipla gained 2.5 percent in the early trade on Monday after US FDA issued zero observations for its Indore facility. Its shares were at Rs 555.90, up by 2.16 percent at 10.02 am.

Shares of Bajaj Auto corrected by 3 percent today as the outlook for the company's operating margin for 2019-20 (April-March) remained weak, given subdued domestic demand and a likely decline in export demand.

Asian markets traded mixed on Monday. Hang Seng Index slipped by 0.74 percent, while Shanghai declined 1.05 percent at 2,852.09. Nikkei was up 0.24 percent or 51.64 points to 21,301.73.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.38 percent.

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