It was euphoria in the stock markets on Friday, with the benchmark Sensex crossing 25000 points after the NDA looked poised to form a stable government at the Centre. Both the Nifty and the Sensex gained 5 per cent in just one hour of trade on the bourses, compared to the previous day's close. The only concern for market players seemed to be that Arun Jaitley, widely seen to be the next Finance Minister, was trailing in Amritsar.

The stock markets opened on a positive note, the counting day for the 16th Lok Sabha elections. With the benchmark Sensex going up by 4 per cent on the Bombay Stock Exchange in early morning trade, and the Nifty over 3 per cent, the markets are looking at a big day in trade.

The stock markets have been on a bull run in the past few days following the exit polls on Monday pointing to a clear majority for the BJP-led National Democratic Alliance (NDA), that looks poised to form a government at the Centre. BJP's Prime Ministerial candidate and Gujarat Chief Minister Narendra Modi is widely seen as a pro-business politician, who rolled out the red carpet to several large business enterprises in the state.

The benchmark Sensex crossed a record 24000 points on Tuesday before retreating on Wednesday.