The Indian indices shrugged off election jitters and massively rebounded in a sharp rally on Wednesday, as the BJP-led National Democratic Alliance (NDA) prepared to stake fresh claims for government formation.

Dear Trader… Key equity indices Nifty50 and Sensex closed over 3% higher on Wednesday, led by index heavyweights Reliance Industries and banking stocks, after two key allies pledged their support to form a new government following a narrow win for BJP-led NDA alliance. Nifty FMCG surged 4.3%, while Nifty Auto