"Participants especially global investors are expecting clear mandate to any political party in the upcoming elections thus they are optimist on growth prospect ahead," said Jayant Manglik, president-retail distribution, Religare Securities Limited.
Lok Sabha elections will be held from April 7 to May 12 in nine phases.
Besides, analysts said that the next major trigger for the stock market is the March quarter corporate earnings, starting on April 15 with IT major Infosys.
Brokers attributed the rally in the stock market over the past few days to hopes of a stable government at the centre after the forthcoming general election and the country's economy returning to high growth path.
The sensex hit an all-time intra-trade high of 22,620.65 last week and ended with a gain of 19.53 points at 22,359.50.
Meanwhile, foreign institutional investors (FIIs) continued their buying spree, acquiring shares worth over Rs 5,000 crore during the past week, including the provisional figure of April 4, as per the SEBI's data.
