Sensex rises airlines, retail stocks gain

SENSEX-RISES-AIRLINES-RETAIL-STOCKS-GAIN:Sensex rises airlines, retail stocks gain

 

Reuters Market Eye - The Sensex gains 0.5 percent, while the Nifty advances 0.53 percent.

Shares in major airlines and retail stocks gain on hopes the government will announce reforms in foreign direct investment into both sectors after the presidential elections due later in the day.

Jet Airways gains 0.99 percent, while Pantaloon Retail gains 1.9 percent.

Shares in Bharat Heavy Electricals gain 2.3 percent and Larsen & Toubro rises 0.7 percent on media reports the cabinet will meet on Thursday to discuss import duties in power equipments.

However, Maruti Suzuki drops 7.3 percent after India's largest auto maker stopped production at its Manesar factory following violent clashes between workers and managers.