It's the hope rally that pushed frontline stocks to higher levels on Thursday.
Markets remained exuberant after a gap-up opening but came off its peak as the day progressed as investors booked profits as heavyweight stocks led by banks surged over euphoria that a Bharatiya Janata Party could win 3 out of 5 states which went to assembly elections recently.
Exit polls conducted in the assembly elections indicated that BJP could win 3 out of 5 states which are set to declare poll results on December 8.
The 30-share BSE Sensex ended 249 points higher at 20,957 levels and the 50-share Nifty was up 80 points at 6,241.
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