The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
The government also said it will hold consultations with the airlines to explore the possibility of curbing the menace of charging exorbitant airfares during emergency situations.
The response to the sale has been overwhelming.
FIFA president Sepp Blatter and its secretary general Jerome Valcke have both hired high-powered US lawyers to represent them as a corruption probe roils soccer's global governing body.
Business opportunity after phased diesel deregulation the main trigger.
Inching closer to launch its operations, new no-frill carrier AirAsia India on Saturday took delivery of its first Airbus A-320 as it landed in Chennai after flying in from Toulouse headquarters of the European aircraft manufacturer.
The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
Majority of India's international routes have been captured by foreign airlines.
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
Budget should be a platform for govt to take bold steps.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
It is imperative that the government first decides who should assume ownership of running Air India.
The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
