Sensex Trades Marginally Higher; Vedanta & Yes Bank Top Gainers

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

The BSE Sensex is trading up by 157 points (up 0.4%), while the NSE Nifty is trading up by 51 points (up 0.5%). The BSE Mid Cap index is trading up by 1% while the BSE Small Cap index is trading up by 1.6%.

The rupee is trading at Rs 70.97 against the US$.

Speaking of Indian stock markets, the recent volatility seen in markets has given 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.

In the news from the telecom sectorBharti Airtel share price is witnessing selling pressure today after the company announced that its board approved plans to raise as much as 320 billion through equity and bond sales.

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