The bull run in the stock markets may not be affected much as the Gujarat elections results have been declared. Less uncertainty provides some relief," Hemang Jani, Head - Advisory, Sharekhan said.
Going ahead, he said, the stock markets will eye the quarter earnings season that begins in early January. A rise in crude oil prices and rate hikes by global central banks, especially the US Federal Reserve may affect markets, he feels.
He said all eyes will also be on the Union budget in February. It remains to be seen whether the government is able to maintain its fiscal deficit targets or not, he added.
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The Sensex higher by 187.82 points which is reached at 33789.50 while the Nifty increased by 56.20 points at 10445. 1792 shares performed advanced against declining of 725 shares while 149 shares remain unchanged.
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