The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
'Nobody expected the slowdown to go for these many days. Unfortunately, it is an unbelievably bad slow down.'
Besides Vodafone, several other major MNCs like Nokia and Shell were locked in tax dispute with the revenue department.
...for others it would be an incentive to participate more robustly in equities and other tax instruments.
Also on the anvil is abolition of distinction between Plan and non-Plan expenditure and replacing it with capital and revenue expenditure
The ruckus began during the procedure for the introduction of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020.
Motilal Oswal of Motilal Oswal Financial Services tells Puneet Wadhwa why he thinks the current market levels will sustain.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
The one national GST unifies the country's $2 trillion economy and 1.3 billion people into a common market, an exercise that took 17 tumultuous years.
Various twists and turns by govt post-demonetisation prove that it has been tall order for the PM
India's macroeconomic environment is improving, but it is still not past the point where it can ignore the developments in the global markets
Setting the stage for confrontation in Parliament, an all-party meeting called in New Delhi on the eve of the monsoon session on Monday ended in a deadlock over controversies related to the Lalit Modi and Vyapam scam even as Prime Minister Narendra Modi offered to discuss all issues. The government ruled out any resignations.
The medical devices, which have been in high demand during the Covid-19 pandemic, will now see a drop in prices, as the earlier margins were up to 709 per cent for some of these products.
Chief Economic Advisor Arvind Subramanian says that he hopes GDP growth will be at the upper end of the 7-7.5 per cent range.
Jaitley said the government has created transparent environment.
Airports levy charges such as FTC, infrastructure charge, and into-plane charges on sale of jet fuel. The levy is passed through to airlines, pushing up costs.
Demonetisation impact, earnings growth, central bank policies will get attention.
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
Rajan's remarks come as the Modi-led government completes one year.
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
This will violate the time-honoured convention that a government elected for a five-year tenure presents only five full Budgets, but the NDA government will no doubt present it as yet another initiative of Mr Modi.
Opposition party is unlikely to block Bills for GST, insurance and e-auction of coal mines.
The decision to disrupt the House would be taken on a day to day basis, says Leader of Opposition in Rajya Sabha Ghulam Nabi Azad
CPI-M says it is ready to forge a front with Congress in Parliament on issues like land bill and secularism but ruled out being part of a national front.
'A major thrust is required by the government to stimulate rural demand'.
Modi said that the Rajya Sabha gives an opportunity to those away from electoral politics to contribute to the country and its development.
Passage of the long-pending Goods and Services Tax bill and a unanimous resolution on Kashmir were the highlights of the "highly productive" Monsoon session of Parliament which was adjourned sine die on Friday after 20 sittings.
He addressed a seminar on India and Sweden in Stockholm.
Experts disagree with the idea and the Reserve Bank of India (RBI), which has the sole right to print money, is not comfortable with it as well.
Participating in the debate on the budget, leaders of parties like the Congress, Bahujan Samaj Party, Aam Aadmi Party and Left launched an all-out attack on the BJP government for allegedly selling off the country's assets and PSUs to big industrialists.
While Reliance has the clout to negotiate prices with suppliers for its e-commerce, not to forget the cost advantage of integrated warehouse and supply chains, Amazon and Walmart are no pushovers, they too have deep pockets.
Finance Minister Arun Jaitley said government would continue reforms by taking executive actions.
'A sum of Rs 6,000 a year is very significant for a small farmer whose land holding is very small and whose produce is very small. All these calculations on a daily basis are extremely unfortunate and an insult to farmers.'
In UK, France and Germany, the president and CEO of Edelweiss Securities, anticipates votes incrementally in favour of local protection and de-globalisation.
Maharashtra has the opportunity to solve all these problems by voting for the Congress and NCP, he said.
Gains were led by Tata Motors amid robust sales in June along with select financials.
The digital blackout in Kashmir completed 145 days on Friday with no sign of restoration of the services in near future.
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