Market looks optimistic on the improved prospects of Narendra Modi coming back to power.
ONGC, with gains of over 2 per cent, was leading the pack of Sensex gainers.
Market may remain on a stable path for some time, but pre-poll jitters may play a spoilsport.
The guidelines are unlikely to have any significant impact for most HFCs in the near term.
BSE Midcap and Smallcap indices were trading with nominal gains at that time.
Subdued global trend and crude oil’s rise kept market rally in check.
Cement prices rose by Rs 24-25 per 50kg bag in February.
In the Sensex kitty, 17 stocks were advancing and 14 were declining.
Sensex logged a healthy gain of 194 points, or 0.53 per cent, to finish at 36,636.
Weakness in crude oil prices may be the immediate trigger for the rally in stocks.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon