New Delhi: The Indian stock market recorded strong gains on Wednesday after exit poll results from Bihar predicted a clear victory for the ruling National Democratic Alliance (NDA), boosting investor confidence and hopes for continued political stability.

The Sensex climbed around 0.6 percent while the Nifty 50 also advanced by a similar margin. Market analysts said the rally was broad based, with sectors such as information technology, finance, and services showing notable strength. The upbeat sentiment reflected investors’ belief that a stable political situation would help maintain steady economic policies and reforms.

According to multiple exit polls, the NDA is expected to secure between 130 and 167 seats in the 243 member Bihar assembly, while the opposition Mahagathbandhan may get between 70 and 100 seats. The results suggest that Chief Minister Nitish Kumar’s alliance could return to power with a comfortable majority.

Market experts said that although state elections do not directly affect national economic policies, the expected win by the NDA reduced short term uncertainty, encouraging investors to increase their holdings.

“The market always responds positively to signs of political continuity. The Bihar exit poll results have strengthened expectations that reforms and development initiatives will continue smoothly,” said a senior market strategist in Mumbai.

However, analysts also cautioned that exit polls are not always accurate and that the final results could still differ. They added that global economic factors such as trade discussions with the United States and interest rate trends will continue to influence long term market direction.

Despite these cautions, the mood across Dalal Street remained optimistic, with traders welcoming the possibility of stability in one of India’s key states. The final Bihar election results are expected to be announced later this week.