Assembly Election Results : Sensex up 1,300 points, Nifty above 16,700-mark

Sensex surges 1,349.31 points or 2.47 per cent at 55996.64, and the Nifty jumped 385.90 points or 2.36 per cent at 16731.30. Axis Bank, IndusInd Bank, Coal India and Bajaj Finserv are the top gainers while Tata Motors, Coforge and SBI are the most active stocks.

All sectoral indices barring metals are trading in the green with the midcap and smallcap indices adding 2 per cent each.