Dalal Street is all set for a bullish start on November 25, buoyed by the landslide victory of the BJP-led Mahayuti alliance in Maharashtra.

This decisive mandate, which made it possible to obtain more than 200 seats out of the 288 members of the Assembly, testifies to the continuity of economic policies and political stability, key factors in investor confidence.

Markets are expected to respond positively with the Nifty expected to move closer to the 24,000 mark. Deepak Jasani, head of retail research at HDFC Securities, expects the indices to rise by 1-1.5% at the start of the week .

“Markets are already in a recovery phase, and this victory will further strengthen the sentiment. Nifty may target 24,400-24,500 levels in the first two trading sessions,” he said.

This broad mandate also greenlights long-pending redevelopment and infrastructure projects. “This majority not only signals political stability, but also guarantees accelerated economic initiatives.

The Sensex could see a rise of 300-400 points as markets respond to the clarity of this mandate,” said Gaurang Shah, senior vice president, Geojit Financial Services.

Investors’ attention will also focus on global factors, including U.S. economic data, geopolitical risks and foreign institutional flows, which have been under pressure in recent months.

However, the decisive result from Maharashtra is expected to offset some of these headwinds. “The Modi government’s victory strengthens confidence in governance and is likely to attract foreign investors seeking stability,” said Ajay Bagga, a market expert.

Motilal Oswal Financial Services predicts that the victory will trigger a “mini-risk recovery”, with sectors like banking, real estate, IT and capital goods poised to gain.

Maharashtra, as one of India’s most industrialized states, is critical to economic and political stability, making this mandate a tremendous boost for markets.

With the elections over and a stable government in sight, the BJP’s momentum in Maharashtra is likely to support the recovery in consumption and investment. As rural spending picks up after a good monsoon season and corporate profits stabilize, the market appears poised for a rebound.

For investors, the next few trading sessions could set the tone for a broader market recovery.