Reuters Market Eye - The BSE Sensex is up nearly 1 percent as domestic-oriented stocks such as Larsen & Toubro surge awaiting prime minister designate Narendra Modi's ministerial appointments after his swearing-in ceremony later in the day.
The benchmark surpasses psychologically important 25,000 level, while the Nifty is up 0.8 percent, both heading towards their latest record closing high.
Investors primarily await composition of Modi's cabinet, allocation of portfolios to the prime minister's office, and his choice for finance minister, widely expected to go to front-runner Arun Jaitley.
Larsen & Toubro jumps 4.6 percent while Coal India gains 1.2 percent.
(Reporting by Abhishek Vishnoi)