The Sensex at the Bombay Stock Exchange jumped 537 points, or 1.4 percent, to close at 37,931, yesterday in a broad-based rally led by banking and auto stocks ahead of exit poll results, despite global headwinds. The Nifty at the National Stock Exchange surged 150 points, or 1.3 percent, to 11,407. Markets are pricing in the formation of a stable government and continuation of reforms, experts said.

