Forecast of normal monsoon adds to market cheer

The Sensex rose 89.63 points today to end at 34395.06 while the Nifty rose 20.35 points to end at 10548.70.

Hotel, jewelery and realty stocks did well today.

Jewelers are hoping to register better sales this Akshaya Tritiya, as it coincides with the wedding season.

They also feel that the industry has come out from the effects of demonetization and GST.

The Met department's forecast of a normal monsoon this year is good news for farmers as well as the government.

From the market viewpoint, a normal monsoon is seen as a feel good factor.

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