Market close: Sensex gains 1,421 points, Nifty Bank up 4.45 per cent

Market rallies to record closing highs on pollsters predication that the ruling NDA will retain power. With only three days left for the poll results, positive investor sentiments fuelled Sensex and Nifty to close Monday's trading session at record highs, up 3.75 and 3.69 per cent respectively, which is the biggest gain since 2009.

The most traded index Nifty Bank scaled a new record high registering the biggest single day gain ever. Index heavyweight HDFC contributed 208.71 points to Sensex's gains, while Reliance, HDFC Bank and ICICI Bank contributed 189.86, 150.45 and 110 21 basis points to the index gains, followed by L&T and SBI contributing 106.78 points and 106.78 points each.

All sectoral indices were in the green. NIFTY PSU index rallied the most up by 7.88 per cent, while Nifty Realty index was up more than 5.72 per cent. Nifty Pvt Bank, Nifty FinServ and Auto each closed up more than 4 per cent.

Among the top gainers on Nifty were Adani Ports, IndiaBull Housing, IndusInd, SBI and Tata Motors up between 10 to 7 per cent. While the top losers were Dr. Reddy's, ZEEL and Bajaj Auto, down by 5.50, 3.00 and 0.82 per cent, respectively.