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People walk in front of the Bombay Stock Exchange (BSE) in Mumbai, India, May 20, 2019. Stock markets in India closed on a bullish note on Monday after exit polls predicted that the Bharatiya Janta Party (BJP)-led National Democratic Alliance will form its second consecutive government. (Xinhua/Stringer)

NEW DELHI, May 20 (Xinhua) -- Stock markets in India closed on a bullish note on Monday after exit polls predicted that the Bharatiya Janta Party (BJP)-led National Democratic Alliance will form its second consecutive government.

Both the indices posted a biggest single session gain since 2009.

The Sensex rose 1,421 points, or 3.75 percent, to 39,352, while the Nifty gained 421 points, or 3.69 percent, to 11,828.

It is being described as a high closing for both Sensex and Nifty for a long time.