The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
Markets ended at record closing highs for the second day in a row on institutional buying.
Seeking to strengthen Indo-UK economic ties, Prime Minister Narendra Modi on Thursday arrived in Britain on his first visit to the country during which he will have a hectic schedule that will start with talks with his British counterpart David Cameron.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
A fall presents an opportunity to buy rate-sensitive stocks.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
Markets shrugged off RBI's neutral stance on key policy rates.
The Ambassador was a durable enough brand to outlive the licence raj.
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Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
Prime Minister Narendra Modi on Friday said bilateral cooperation in defence manufacturing would be the "prime focus" of his visit to the United Kingdom.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
Chanda Kochhar, managing director of ICICI Bank, says the new government must take effective action bringing clarity around tax laws.
Smart positioning, continued communication and a global design language have played a big role, say experts
A team of more than 60 people under Neeraj Mittal, an IAS officer, was instrumental in getting up the New Industrial Policy 2021 targeting investments of around Rs 10 trillion by 2025.
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Arvind Kumar Sharma, a 1988-batch IAS officer and one of the many joint secretaries in PMO, definitely wields some power.
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
Maruti Suzuki is set to steer its fourth brand into 2 million club. The numbers convey a sense of the contribution that WagonR makes to Maruti Suzuki.
Investors accumulated quality stocks at valuable and attractive levels.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
The broader markets, however, outperformed their larger peers.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Then chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
The major reason for the policy confusion over e-vehicles is the lack of conviction within government about the utility of this disruptive technology and its role in India's larger Paris Agreement climate change commitments.
Prime Minister Narendra Modi said India and the United Kingdom are economically made for each other.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
The Sensex had bounced back with gains of 94 points or 0.3%
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The broader markets are outperforming the benchmark indices.
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
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