In mid-morning trade, the S&P BSE Sensex jumped 761.21 points or 1% to reach 77,674.51, while the Nifty 50 index rose 241.40 points or 1% to 24,238.95. This surge was fueled by investors tracking state election results across Assam, Kerala, Puducherry, Tamil Nadu, and West Bengal, along with fluctuations in crude oil prices. The auto sector rebounded, with the Nifty Auto index increasing 1.54% after a previous decline. Key auto stocks like Exide Industries, Bajaj Auto, and Maruti Suzuki saw significant gains. Meanwhile, the broader market showed mixed results, with 2,802 shares advancing against 1,254 declining. The ongoing vote counting trends indicate BJP's lead in West Bengal and a strong performance from DMK in Tamil Nadu. Additionally, Brent crude prices remain a concern due to tensions in the Strait of Hormuz, impacting inflation and the Indian rupee. In global markets, Asian stocks traded mixed amid geopolitical tensions, while U.S. oil prices fell following the announcement of a U.S. initiative to ensure safe shipping in the region.