BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
The prime minister is likely to talk about its possible extension.
India's good fortune, experts in the US feel, is not the result of a fundamentally strong economy, but because it is the best of a bad set of options.
Three stockmarket experts give their best picks for the New Year.
'Who are these people on the streets?' 'They are youth and students who were hoodwinked, bluffed by Modi for the last seven years, with a promise of 2 crore jobs every year.' 'And Mamata sings the same tune.' 'But the youth can see that as long as there is Mamata or Modi, there is no hope.'
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
The value of oil imports decreased by 37.5%.
The government, he said, has implemented 'bold reforms'.
Power Minister Piyush Goyal is keen to revive the energy sector.
Power Minister Piyush Goyal is keen to revive the energy sector.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
In the near term, the key driver will still be the government's fiscal spending.
Referring to long-pending insurance bill, he said "we are on the verge" of opening the sector a little more.
Initially it will procure only e-rickshaws and e-autos for leasing to operators
The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.
Prime Minister Narendra Modi was elected last year on hopes he would revive a languishing economy.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
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'India is doing better than when we took office 17 months ago'.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Sensex climbs higher on favourable global cues.
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
'Decisions on nuclear power have so far been taken by a small select group, primarily interested in profiteering from their actions, stating 'secrecy' as necessary from the national security point.' 'This argument is false, because we are dealing with the 'civilian' nuclear power sector, which is open even to the IAEA,' says Dr A Gopalakrishnan, former chairman of the Atomic Energy Regulatory Board.
In a major jolt to India's solar energy programme, the Rajasthan government might cancel the 4,000-Mw solar UMPP (ultra mega power project), which was expected to come up near Sambhar Lake.
According to the amendment adopted by nations, developed countries will reduce HFCs use first, followed by China along with a large number of countries.
Rediff reader Kamaljit Medhi tells us how a chance meeting with Arpana rekindled their love in the sleepy town of Digboi.
Sensex closed the day 416 points higher.
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
The Congress party on Tuesday vowed to oppose the present format of the land bill both inside the Parliament and outside.
'The days when less government, more governance were spoken of are well and truly behind us.' 'More government, it is now believed, means more governance,' says Saisuresh Sivaswamy.
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
Private lenders have also been expanding their branch and automate teller machine networks aggressively.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
To generate ample private sector interest, there is a need to introduce market-linked tariff rates.
The Modi government's array of economic policy has been impressive.
R Rajagopalan predicts that Tamil Nadu won't have single party rule for the first time in its history.
Giving a message of larger opposition unity, Congress President Sonia Gandhi and former prime minister Manmohan Singh will march with leaders of at least ten parties from Parliament House to President House on Tuesday and submit a memorandum against the new land bill.
E-auaction cannot totally end corruption in the system.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
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