The broader NSE Nifty also jumped 117.75 points, or 1.09 per cent, to 10,924.35.
Mumbai: After opening lower, benchmark Sensex soared over 400 points in early trade on Tuesday after the BJP took the lead in Karnataka election results, PTI reports.
Overseas, markets in Asia were trading mixed as investors assessed the outlook for trade relations between the US and China and tensions in the Middle East.
The BJP was leading in 51 seats while the ruling Congress was in the front in 26 constituencies in Karnataka, according to early trends.
The benchmark BSE Sensex rose 426.88 or 1.20 per cent to trade at 35,983.59. The broader NSE Nifty also jumped 117.75 points, or 1.09 per cent, to 10,924.35.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 717.99 crore while domestic institutional investors (DIIs) bought shares worth Rs 687.23 crore on Monday, as per provisional data.