In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
"India's economy is projected to sustain a 7.6 per cent growth rate in both fiscal years 2016-17 and 2017-18," says the year-end update of the flagship report Economic and Social Survey for Asia and the Pacific 2016 of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
It is the highest rainfall of the season so far in 24 hours.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
'This may be good news for Rahul Gandhi, for no matter how Modi performs, there will always be some degree of dissatisfaction with his performance among large sections of voters,' says R Jagannathan.
Terming the rise in October retail inflation despite a bumper crop as "disturbing", India Inc said the government must immediately address supply side bottlenecks to bring down the consumer price inflation.
Other Sensex gainers were Infosys, Wipro, ICICI Bank, Hero MotoCorp, L&T, Axis Bank,, Tata Steel, HDFC and Cipla.
The government should frame new policies to assure growth.
Traders are closely watching the progress of the monsoon.
The Centre on Friday said it was taking steps to extradite Lalit Modi and a Red Corner notice may soon be issued against him.
India will raise its import duty on sugar to 40 percent from 15 percent, as the government tries to revive business at mills that owe farmers around $1.84 billion, the food minister said on Monday.
While they have restructured loans, there is still question mark over the success of such a work-out
Glimpses of Republic Day celebrations across the country.
Several members had moved adjournment motions to raise the issue, but Speaker Meira Kumar said she has not accepted the demand.
Standard Chartered on Friday lowered India's growth forecast for the current financial year to 4.7 per cent from earlier 5.5 per cent, citing "upside risks" to inflation and fiscal deficit.
Samajwadi Party leader Mulayam Singh Yadav behaved entirely in character when he broke ranks with the Congress and backed the Bharatiya Janata Party in the monsoon session, says Aditi Phadnis
UNICEF estimates that almost 16 million children and their families are in urgent need of life-saving support. Since mid-August, there have been at least 1,288 reported deaths.
The Sensex will then rally further and end 2016 at 28,000, according to the median forecast of 50 analysts polled in the past week.
While Manmohan Singh had to deal with high oil prices, inflation and trade deficit, Narendra Modi is lucky as major threats have receded, says T N Ninan.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
'Earnings revival could be two quarters away.'
Full capital convertibility means a foreign investor can repatriate his money into his own local currency at will.
Chances of staying true to your goals tend to be high when you don't lose sight of what you set out to achieve, advises Arun Thukral, MD & CEO, Axis Securities.
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
The temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017 as cash shortages ease, the International Monetary Fund said in its regional economic outlook.
The Australians are struggling against India's new spin duo of Kuldeep Yadav and Yuzvendra Chahal and the hosts would like to ensure that it doesn't get any easy as the series progresses.
Congress president Rahul Gandhi on Sunday chaired his first meeting of the newly constituted Congress Working Committee two days after the no-confidence motion in Lok Sabha which the Opposition lost.
Traders are waiting for the earnings season to kick off.
Protesting Congress members had on Tuesday too blocked a debate on the bill. The monsoon session ends on Thursday.
Moody's listed six agenda on the list of pending reforms -- land acquisition Bill, labour law reforms, significant infrastructure investment, tangible benefit from Make in India initiative, tax administration and PSU bank reforms
This is dil ka alliance, mil ke jeetenge (It is an alliance of heart, we will win together)... says Congress vice-president Rahul Gandhi while addressing a joint press conference with Uttar Pradesh Chief Minister Akhilesh Yadav.
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
The prime minister, who spoke in the Upper House as it bid farewell to 53 retiring MPs, noted that Rajya Sabha members are representatives of the states and the interest of their state should be a priority for them.
The convertibility is RBI Governor's 'next big ambitious goal'.
After opting for status quo in policy rates, Reserve Bank Governor Raghuram Rajan on Tuesday said any more cut will depend on further transmission of previous rate cuts by banks, softening in inflation and progress of monsoon.
While the Delhi and Haryana governments have declared that they are all set to roll-out the food security programme on August 20 -- Rajiv Gandhi's birth anniversary -- there is confusion among the chief ministers about the implementation of the ordinance which gives the right to people to receive adequate quantity of food grains at affordable prices. Anita Katyal reports.
'Evacuation' has been key to disaster management in Odisha. The aim is to achieve zero casualty.
The market direction will be guided by corporate earnings, especially the oil & gas companies, since they were responsible for earnings disappointment in the past quarter as well.
Dubbing the government's decision to bring an ordinance on food security as an "election gimmick", the Bharatiya Janata Party on Wednesday accused the Congress of running away from a debate on the crucial issue in Parliament.
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