Overnight, the Wall Street closed on a flatter note.
Metro projects usually require additional funding by promoters, which RInfra refuses to in this case.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
Both the indices ended at their highest levels since February 1.
More than 10% (40 of 498 companies) have lost at least half their market value.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 per cent, down at 10,226.55.
Investors watch out for cues from the on-going winter session of the Parliament.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
Signals received from the government in the past one year reflect a state of utter confusion, says Abhishek Tripathi.
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
The Nifty rose 176.50 points, or 1.74 per cent, during the week.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
The 30-share Sensex ended higher by 31 points at 26,591 and the 50-share Nifty gained 10 points at 8,061.
India Inc will report good set of numbers in Q4.
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
When big offers hit the market, broader indices corrected 2-4%
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
These three blocks figure in the 'Schedule I' list of those coal mines, which are being auctioned afresh
The Sensex ended lower on unfavourable cues.
In first half of year, firms raise more than banks on low US treasury rates.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
HDFC and Infosys contribute the most to today's rally.
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
Dabhol's assets will be demerged into the power plant and the LNG terminal.
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
Ministries such as road transport and heavy industries are learnt to have objected to NITI Aayog's attempts to become an implementing body for the EV programme.
Sensex ends in green on boost from bluechip stocks.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
The top gainers on the Sensex were Cipla, Bharti Airtel, Maruti Suzuki, Hero Moto & Sesa Sterlite.
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