Kotak Mahindra Bank was the biggest gainer on both the indices, ending nearly 9 per cent higher following reports that Warren Buffett's Berkshire Hathaway Inc was planning to pick up stake in the private sector lender.
The insurer is a venture between banking major ICICI Bank and the UK's Prudential Corporation Holdings. Singapore's Temasek and Premji Invest are also the shareholders.
Both the indices closed at five-month highs, led by financial services, IT and metal stocks, amid persistent foreign fund inflows.
In the Sensex pack, Axis Bank, Tata Motors, Infosys, Kotak Bank, HDFC Bank, RIL, Bajaj Auto, SBI, HUL, Tata Steel, Vedanta, HFDC, TCS, ITC and Sun Pharma jumped up to 4.64 per cent.
Coal India Ltd on Tuesday announced an average 16.7 per cent hike in prices of all grades of coal from midnight on Tuesday.
To float SPV, levy user charge on consumers to cover investment cost.
Over 18 crore workers are expected to participate making this a much bigger strike than last year.
Dabang Mumbai and Kalinga Lancers entered the finals of the fifth edition of Coal India Hockey India League by winning their respective semi-finals against Delhi Waveriders and Uttar Pradesh Wizards at the Sector 42 Hockey Stadium in Chandigarh on Saturday.
The company's market valuation stood at Rs 10,972 crore in morning trade.
The biggest initial public offer in over 2 year, made by telecom tower company Bharti Infratel, has received total subscription of over Rs 4,365 crore or 1.3 times the issue size on its last day today.
Reflecting the bullish mood, all sectoral indices ended with gains, led by auto, oil and gas, FMCG, IT and teck. The broader NSE Nifty, after crossing the 10,600-mark, settled 68.40 points, or 0.67 per cent higher at 10,598.40.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
Bharti Infratel's Rs 4,500-cr share sale to be the largest since Coal India's in 2010.
The Central Bureau of Investigation has registered three separate cases against senior officials of Northern Coalfields Limited, a mini-ratna company and a major subsidiary of the Coal India Limited at Singrauli, in connection with alleged corruption cases related to procurement of mining equipment and financial irregularities.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The coal scandal began with revelations about the Manmohan Singh government, then expanded in scope to take in the Vajpayee government, and has now become a sweeping saga that lays bare the contemporary Indian state.
The recommendation, if implemented, could severely dent coal miners' bottom line.
In the Sensex pack, index heavyweight Reliance Industries fell 2.84 per cent to Rs 1,057.15 after reports that the company's oil assets may take a hit due to the government's imposition of cost controls on soaring petrol and diesel prices.
According to the apex power planning body, 47 power stations suffer scarcity of fuel with stocks that could not last more than a week.
Demands include clearing eight critical coal blocks attached to projects of big corporate houses.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sensex, Nifty put up a good show in closing trade.
Prime Minister Narendra Modi's decision to open commercial coal mining to private players is a key step towards bringing order to the country's chaotic power industry and ending the chronic blackouts that impede its economic rise.
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.
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ITC, TCS and HDFC Bank emerged as the biggest gainers during the period.
Several stocks cheaper in dollar terms now than in March 2009 when Sensex was below 9,000; FIIs in Coal India IPO stare at losses.
An inquiry has been ordered by the Director General of Mines Safety and a high-level committee of experts has been constituted by Coal India to investigate the causes of the accident.
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.
Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation.
Can relax penalty payable in case of a shortfall on 80% committed quantity
The broader NSE Nifty rose nearly 124 points to settle just below the psychological 11,000 level.
"India and Indonesia can do much more in the changing world," Sharma said at a reception hosted by the India-Indonesian Chamber of Commerce last night.
At least 15 miners were trapped in the 370 foot-deep illegal coal mine in Lumthari village of East Jaintia Hills district since December 13 and all efforts to pump the water out of flooded mine have been in vain.
10 Indian companies are holding as much as Rs 2.34 lakh crore (Rs 2.34 trillion).
The S&P BSE Sensex has gained 149 points to open at 25,802.
The board, on the urging of six independent members, had earlier turned down a government directive to commit at least 80 per cent supply to power companies.
The Hockey Junior World Cup Men is scheduled to take place from December 8 till December 18, in Lucknow, the International Hockey Federation (FIH) on Thursday confirmed.
All sectoral indices on the BSE and NSE ended in the red, led by realty, banking, metal, pharma, pharma and financial stocks.
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