Power stocks drive market rally; Sensex rises over 300 pts, Vedanta up 6.3%

Power stocks, including utilities, helped drive Indian shares higher after the sector regulator released draft tariff regulations for the next five-year period that some analysts said weren’t as negative as the market expected.
 
The benchmark S&P BSE Sensex climbed 0.9 per cent to 36,270.07 in Mumbai, its highest level since October 1, data compiled by Bloomberg shows. The NSE Nifty 50 Index advanced 0.8 per cent.
 
Central Electricity Regulatory Commission has proposed keeping a 15.5 per cent return on equity for generator and transmission companies for the five years starting April 1, according to draft tariff regulations dated