The Finance Ministry has given its consent to the EPFO to invest from 5 per cent to 15 per cent of the investable income of the organisation every year.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
Positive cues from the global market front aided the rally.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
The bank was worth over Rs 80,000 crore as recently as September 2017. The lender had grown at breakneck speed, helped perhaps by Rana Kapoor's reputation as a banker, willing to aggressively write checks.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
Analysts say markets to be impacted by monsoon, inflation trajectory.
The government has not set up any committee to probe allegations a US short seller labelled against the Adani Group, but stock market regulator SEBI is investigating market allegations against the group, the Lok Sabha was informed on Monday. A separate investigation into imports of Indonesian coal by the conglomerate hasn't reached finality, Minister of State for Finance Pankaj Chaudhary said. Lok Sabha saw several questions being put by MPs to the government on the Adani issue, which were replied through written responses by the minister.
Participants are keenly waiting for the January IIP.
Soon after the BJP lost the 2004 election, the stockmarkets went into unprecedented free fall. Then SEBI Chairman G N Bajpai reveals how his firm handling of the situation restored confidence and soon the markets were back to doing what they do best -- make money. A revealing excerpt from his book, A Game Changer's Memoir.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
The 30-share Sensex ended down 215 points at 27,011.
Here are 10 global and domestic factors.
"You will see further improvement after an immediate reaction and the markets will calm down," says Vikas Khemani.
'...and defensive until the global macro headwinds turn more benign.'
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