The global financial services major had earlier said that the central bank would keep its policy rates on hold.
It reported a loss of Rs 36 crore (Rs 360 million), the first such negative result in 10 years.
Long-term investors can stay put in the markets, but should brace for volatility
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
Traders say prices will remain elevated due to increased demand, lower availability
The BSE Sensex moved up 103 points to 35,319.35, while the wider NSE Nifty finished at 10,741.70, up 23.90 points.
In the mid-quarter review on December 18, the Reserve Bank left key policy rates unchanged but said it will hike interest rates if inflation does not subside.
If financials and oil sectors were removed, India Inc has done quite well.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
Markets climb higher tracking global cues.
While okra was being sold for Rs 100-120 a kg and cauliflower for Rs 120-140 a kg in Mumbai and its suburbs, all other vegetable prices have increased by almost 100 per cent since July 20.
'In the long run, the boost to farmers' incomes must come from technological breakthroughs,' says Pratap S Birthal and Digvijay S Negi.
Beijing did not announce expected policy support over the weekend
Wipro, Steel Authority of India, HDFC Bank, Mahanagar Telephone Nigam, Bharat Heavy Electricals and Reliance Commnications among companies reporting a decline in headcount in FY17.
Analysts expect inflation to peak in the first half of 2016-17 and moderate, thereafter, on the back of positive impact of monsoons
Traders said wholesale prices are firm as supplies from producing regions have been lower in the past couple of days.
Prices of the key vegetable have also gone up in various cities.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
The headline HSBC India Purchasing Managers' Index -- a composite gauge designed to give a single-figure snapshot of manufacturing business conditions -- stood at 53.3 in November significantly higher from 51.6 in October.
The US Fed's rate cycle is set to turn later this year, but India is in a much better position than it was in 2013.
A survey conducted by Business Standard reveals that a majority of the country's states are still firmly against the move, while a few are open to considering only conditionally.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
23 Nifty companies reported an annual decline in net profit.
Today Aashirvaad, ITC says, has 75 per cent of the market.
'We need to further catalyse economic growth and the government needs to increase revenue,' says G K Agarwal, BJP's national spokesperson on economic affairs.
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
From linking innovation with supply of inputs to providing contract farming, the private sector can help agriculture move to the next stage of development.
'If it doesn't happen, we may be in for a difficult time.' 'Our biggest problem is our population and the fact we are a very social people.' 'However, I would say two months is more than enough time for things to settle down.'
It is important to note that slowdown in activity is really confined to a selected few regions within China.
This means lower losses on fuel sales by Indian oil companies and a shrinking oil subsidy bill for the government.
Imported Ethane will substitute its current propane imports and a portion of naphtha used for ethylene production.
In the December quarter, Sensex earnings had contracted 5 per cent.
Rise in investor sentiment, return of risk appetite aid shares across the board
'In the Asean market, the train left at the same time for India and China, but while India's ride has been symbolic of India's rickety railways, it seems that China's has been on a bullet train,' note Renjini V R, Manmeet Ajmani and Devesh Roy.
Experts said a future rate cut would depend on the inflation.
'The good news is that money continues to flow into India-focussed offshore funds.'
Far from the metros and big cities, the coronavirus crisis in the country's districts, towns and villages is being led by district magistrates.
The responsibility of keeping the pandemic under control lies with the DM or collector.
Subrat Kumar Sen, the young district magistrate of Saran, north Bihar, tells Rediff.com's Archana Masih how he and his staff are combating a crisis that no one has confronted before.
