India, May 4 -- Despite paring a good portion of early gains, key Indian stock indices Sensex and the Nifty50 closed on a firm note on Monday, as investors reacted to a slew of earnings updates and encouraging vehicles sales data from leading automobile manufacturers.
A good show by the National Democratic Allianz (led by the Bharatiya Janata Party) in assembly elections in Assam and West Bengal contributed as well to the positive mood in the market.
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