BSE sensex is highly influenced by the BJP’s highest score in the election. The BJP secured an absolute majority in three out of four states according to Assembly election results out on Sunday.

Many investors considering BJP as business friendly expecting a Gujarat modal developments and its good showing on state elections are raising optimism about its chances ahead of general elections due by May next year. The benchmark BSE index gained as much as 2.3 per cent to a record high of 21,483.74 points, surpassing its previous all-time peak hit on November 3.