Reuters Market Eye - The BSE Sensex is up nearly 1 percent as domestic-oriented stocks such as Larsen & Toubro surge awaiting prime minister designate Narendra Modi's ministerial appointments after his swearing-in ceremony later in the day.
The benchmark surpasses psychologically important 25,000 level, while the Nifty is up 0.8 percent, both heading towards their latest record closing high.
Investors primarily await composition of Modi's cabinet, allocation of portfolios to the prime minister's office, and his choice for finance minister, widely expected to go to front-runner Arun Jaitley.
Larsen & Toubro jumps 4.6 percent while Coal India gains 1.2 percent.
(Reporting by Abhishek Vishnoi)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app