The election outcome may take some time, which could further increase volatility, so investors should be cautious with their investments.
The Nifty 50 index gained 1.12 per cent, or 269.85 points, opening at 19,386.85 points, while the BSE Sensex surged by over 1,000 points, opening at 65,984.24
The Nifty 50 index declined 414.85 points or 1.68 per cent to open at 24,302.85 points