Latest Stock Market News in India

Most global investors believe that India can see another round of re-rating as the elections have thrown up a stable government and this could push the market's P/E valuation to 17 times from 15 times at present.

India's BSE index is up 0.73 percent, while the broader NSE index is 0.65 percent higher as optimism continues after a Narendra Modi-led Bharatiya Janata Party won a majority in the country's elections.

Although indexes are well below the record highs hit onFriday, when the NSE gained as much as1.2 percent before pulling back, brokers continue to raise their targets for the year.

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