Investor wealth increased by over Rs 5.4 lakh crore early on Thursday, mirroring a rise in market benchmarks for the third consecutive session, even as the attention remained squarely on the outcomes of state assembly elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur, and Goa.

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This follows a surge on domestic bourses on Wednesday, which increased the market capitalisation of BSE-listed companies by Rs 7,21,949.74 crore to Rs 2,48,32,780.78 crore in just two days, including a boost in investors’ wealth of over Rs 2.51 lakh crore on Tuesday, according to NDTV.

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The Sensex is at present trading at 55,858.41, up 1,211.08 points or 2.22%, after trading in a range of 55,564.83 and 56,242.47. On the index, 29 stocks advanced and one stock declined. The Nifty is at present trading at 16,694.50, up 349.15 points or 2.14%, after fluctuating between 16,593.05 and 16,757.30. On the index, there were 46 stocks that advanced and 4 stocks that declined.

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The broader indices were trading in the green with the BSE Midcap index rising 1.76%, while the small-cap index was up by 2.06%. The top gaining sectoral indices on the BSE were Bankex, up by 3.98%, Realty, up by 3.57%, Auto, up by 3.07%, Industrials, up by 2.72%, and Consumer Discretionary,  up by 2.58%, while Metal, down by 0.16%, was the only losing index on the BSE.

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BJP is leading in 271 of the total 403 seats in Uttar Pradesh as of 01.30 p.m. on Thursday. The party is leading with a 32-seat majority in Manipur’s 60-seat Assembly. The BJP is also leading in 43 of the 70 seats in the Uttarakhand legislature, as well as 18 of the 40 seats in Goa. The AAP is leading in 91 of the 117 seats in Punjab.