Sensex Trades Marginally Higher; Tata Motors Surges 10%

Share markets in India are presently trading marginally higher. Barring IT sector, all sectoral indices are trading in green with stocks in the automobiles sectormetal sector and power sector witnessing maximum buying interest.

The BSE Sensex is trading up by 78 points (up 0.2%), while the NSE Nifty is trading up by 36 points (up 0.3%). The BSE Mid Cap index is trading up by 1.5% while the BSE Small Cap index is trading up by 2.4%.

Speaking of Indian stock markets, the recent volatility seen in markets has given the opportunity to load up on quality stocks.

The volatility started with the long-term capital gains tax.

Then corporate governance issues at various companies followed.

Then we had the IL&FS impact.

All this has ensured a rough ride for Indian investors.

Now with Indo-Pak tensions escalating, volatility can rise even further.

With the elections fast approaching, what can investors look forward to now?

Here's what Tanushree Banerjee, Editor, The 5 Minute WrapUp, has to say about this...

  • History of the past few elections paints a rosy picture.

    Despite governments changing hands in 2004 and 2014, the Sensex gave returns of 44% and 13% in a year respectively.

    Even in 2009, when the same government retained power, Sensex was up by 18% in a year.

Good Times Ahead for Indian Stock Markets?

As per Tanushree, the recent volatility throws an opportunity to load up on quality stocks. These stocks will piggyback on India's long-term growth story.

She believes these stocks will rise fast when the tide of the market turns up.

The rupee is trading at Rs 70.75 against the US$.

The domestic currency was trading marginally lower against the US$ tracking losses in its Asian currencies market.

So far this year, the rupee has declined 1.6% while foreign investors have bought $2.3 billion in equity and sold $1.7 billion in debt market.

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