Best Commodity Stock Market News

India's BSE index is up 0.7 percent, while the broader NSE index is 0.5 percent higher.Power stocks gain on hopes Narendra Modi, India's incoming prime minister, would focus on removing bottlenecks in the sector, dealers say.

The BSE Sensex jumped over 150 points in morning trade on Friday, while the broader Nifty traded above the key 7,300 levels. The rupee rose to 58.38 per dollar.

Indian stocks have been consolidating for the last few days after the Sensex and Nifty rallied to record highs as Narendra Modi-led BJP won a decisive mandate in elections. Markets have run up on hopes that the new government would fulfill its promise of reviving economic growth and fast tracking reforms.

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