The Nifty rose as much as 2.11% to a record high on Tuesday morning, as investors saw Prime Minister Narendra Modi's landslide victory in Uttar Pradesh as endorsing his economic reform agenda. The win in India's largest state election cements the BJP mandate at the Centre, likely enabling the government to push through critical reforms like the GST and labour reform. Markets are high despite the dampening impact of the expected US Federal interest rate hike this month, a move that might suck money out of Asian markets and back to the US. 

Calling TVF - The Viral Fever - an "Indian Uber", an ex-employee posted an account of numerous instances of sexual harrasment by TVF chief Arunabh Kumar. Following her blog on Medium, two more women have come forward with similar accounts, even as TVF has tried to dismiss the charges as "ludicrous". 

Stock in spotlight: Ramco Systems, which has just announced a new order with New Zealand company Ravensdown Aerowork, to deploy Ramco's software for automation and maintenance for its fixed-wing aircraft. 

Photo of the day: Auto-rickshaw drivers clean the windscreens of their vehicles after an unexpected spring snowfall in Dharamshala, India, on Saturday. Ashwini Bhatia/AP