MUMBAI: The Sensex began the week on a promising note, snapping two-day losing streak. It gained over 350 points, led by gains in capital goods, oil & gas and power.

The next trigger for the market will be any positive surprise from the Reserve Bank of India at its policy meet tomorrow, say analysts. However, the central bank is likely to keep interest rates unchanged tomorrow, says ET poll.

While this city, India's second-largest information technology (IT) hub, will continue to grow after the bifurcation of Andhra Pradesh, Visakhapatnam (Vizag) is well positioned to boost growth in the sector in residual Andhra Pradesh, say stakeholders in the sector.

Undivided Andhra Pradesh (AP) was the fourth largest state in India in area and fifth in population. It was ranked third in absolute size of gross domestic product (GDP) and 11th in the country on per capita income.

The gross state domestic product (GSDP) in 2012-13 at current prices was Rs 738,497 crore. Per capita income was Rs 77,277. In the 11th Five Year Plan (2007-12), AP registered an annual growth rate of 8.18 per cent against the national GDP growth of 8.02 per cent (at constant prices).

It can be termed the clash of the titans in hydrocarbon space or the alleged "great gas robbery".

Government-owned Oil and Natural Gas Corporation (ONGC), the country's largest producer of both, alleges Mukesh Ambani's Reliance Industries (RIL), the country's largest private company by market capitalisation, has stolen gas worth Rs 30,000 crore from its block in the Krishna-Godavari (KG) basin.Approaching the high court here last month, the Maharatna major says RIL had drawn out 18 billion cubic metres of natural gas from 2009 to September 2013 from its assets.

Charges for government services such as licence fee for vehicle registration and entrance tickets for tourist places might go up, with the finance ministry pushing for a higher levy.

The proposal is aimed at rationalising the charges in line with economic growth and inflation. Many of the charges have not been revised for years and sometimes the government is not even able to recover its cost, leave alone depriving the exchequer of more revenue.

The Reserve Bank of India's (RBI) next move on monetary policy and announcements by the new government are likely to set the tone for the equity market in the week ahead.

Players said major positive news flow on these fronts can help the market break out from the current levels, where the market has been consolidating after the election outcome.

In a historic event marking culmination of the long-drawn process of the bifurcation of Andhra Pradesh, Telangana Rashtra Samithi (TRS) President K Chandrasekhar Rao took oath as the first chief minister of Telangana, which became the 29th state of the country on Monday.

A year ago, when India’s second-largest information technology (IT) services company, Infosys, brought back iconic co-founder N R Narayana Murthy as executive chairman, about two years after his retirement, the decision was welcomed with much fanfare.

Despite a shrinking market share and declining profitability, Murthy’s return helped Infosys get a double thumbs-up from investors. While the company’s shares rose around five per cent in the first trade after the announcement of Murthy’s return, they surged nearly 30 per cent over the next three months.

State-owned Air India is likely to seek permission from the new government of Prime Minister Narendra Modi to raise Rs 10,000 crore through an issue of tax-free bonds in the current financial year.

The airline is additionally seeking immediate cash infusion of Rs 3,000 crore to repay loans it had taken last year to clear dues to vendors, in the event of a shortfall in the equity infusion earlier promised by the government.

The National Highways Authority of India (NHAI) has served showcause notices for termination and debarment on GVK Transportation for failure to mobilise the needed money for the Rs 2,815-crore Shivpuri-Dewas project in Madhya Pradesh.

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