Sensex heads for longest stretch of gains in a month

Sensex might be up for a month with gains, as reports believe that de-escalation between India and Pakistan has helped the sensex to climb up, the condition will further improve after Election Commission announces date for elections.

Indian shares advanced, pushing the benchmark equity index toward its longest string of gains in a month.

After tensions between India-Pakistan, the de-escalation has brought good times Sensex this month (REUTERS)

The S&P BSE Sensex added 0.2 percent to 36,713.15 as of 10:28 a.m. in Mumbai, set for a fourth day of gains. The NSE Nifty 50 Index rose 0.1 percent.

Easing geopolitical tension, a week after skirmishes at the India-Pakistan border, has helped buoy sentiment toward equities. India’s election commission may announce dates for national elections any time for a poll expected to be held in April and May.

Strategist View

“We remain cautiously optimistic on Indian markets going into the elections,” said Sunil Sharma, chief investment officer at Sanctum Wealth Management Pvt.

(This story has been published from a wire agency feed without modifications to the text. )