Power Grid Corporation will be in focus following the the power ministry seeking the approval of the Cabinet Committee on Economic Affairs for the follow on public offer of equity shares from the company.
Shares of state run oil marketing firms will see some action following a hike in petrol prices. Automobile stocks will also be in focus.
After indulging in some hectic buying in some recent sessions, FIIs sold shares worth a nt Rs 98 crore on Friday, and this could dampen sentiment to an extent. The rupee's movements will be eyed.
With some crucial economic data due for release during the week and the central bank's monetary policy review due on Friday, the mood is likely to be somewhat cautious
It's a buoyant start for stocks on the Indian bourses this morning with the bulls storming the ring at the stroke of the opening bell.
The Sensex zoomed to 20,086.43, gaining over 350 points in a flash, and is currently up 312 points or 1.57% at 20,045.
The Nifty is up 93 points or 1.6% at 5943.60, after rising to 5957.25.
Bank, automobile, FMCG, infrastructure, realty and metal stocks are up sharply.
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