The Sensex is curently at 19,564, up 201 points from the previous close. Nifty is at 5856, up 93 points. BSE Midcap and Smallcap indices are up over 2.2% each. Metal, oil & gas and capital goods stocks are the most popular.

SEBI has removed structural curbs on corporate bond maturity, put-call, reports CNBC-TV18. It has also eased rules on credit rating for corporate bond issuance. It has also amended debt-issuance guidelines for Indian companies. Companies below investment grade rating can now issue bonds to the public.

If the Nifty closes above 5850-5855, then it will be a positive sign, says Gaurang Shah of Geojit Financial Services, on Zee Business. But the upside also seems to be restricted as selling might come in at higher levels, he says. He therefore suggests that short term investors book their profits on the upside.