Sensex gains 2.4%, Nifty crosses 7,000; investors feel exit polls have vindicated their stand
Besides foreign flows, corporate earnings and US Federal Reserve chief Janet Yellen's testimony to the nation's legislature are also likely to impact investor sentiment.
Any change in rates would mean more volatility; else, poll outcome-fuelled rally expected to continue.
Of the 70 international feeder funds, more than half have made losses in 2014.
Gripped by the pre-election frenzy, Indian markets seem to be factoring in the victory by the Narendra Modi-led BJP.
Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
Analysts said FIIs had created long positions worth Rs 9,700 crore (Rs 97 billion) in index futures till recently.
Market sentiment around the stock has continued to be positive on the back of improving outlook for the US economy and anticipated weakness in the rupee.
Also keenly watching inflation numbers, with wholesale inflation data expected today
Three closed-ended equity schemes have been launched in the past month or so and another is set to open soon for subscription.
The progress on US debt ceiling talks, domestic inflation numbers and second quarter earnings of companies are expected to keep investors busy in the truncated trading week ahead.
These investors have pumped in about Rs 6,900 crore (Rs 69 billion) in the seven trading sessions after the Federal Open Market Commission meet.
The value of the index, adjusted from its all-time high for the relative loss in the rupee's value, is close to sub-10,000 levels.
managers said the weaker rupee, which has driven up shares of technology companies, has helped the fund fetch better returns.
According to fund managers, expectations of a 25-basis-point increase in the cash reserve ratio of banks have heightened in the wake of RBI's surprise twin moves to make short-term money dearer as part of its attempts to curb the rupee's volatility.
Move by Swiss cement major Holcim to simplify its Indian structure has not gone down well with institutional investors.
In the first six months of the year, the average number of deals a month stood at 1,264, against 1,484 in the six months ended December 2012
Unique employee code for those selling these products, to be given in customer sale form, to enable identification on complaints.
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