The S&P BSE Sensex gained 120 points to close at 25,774.
Wadia Group-owned Go First Airways' (Go First) insolvency plea could trigger a 'momentum rally' in shares of rival airlines, Interglobe Aviation (parent company of IndiGo) and SpiceJet, as they look to gain bankrupt airline's market share, said analysts. On the bourses, shares of InterGlobe Aviation hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE in Wednesday's intra-day trade, before settling 4.5 per cent higher at Rs 2,164 apiece. Those of SpiceJet and Jet Airways, meanwhile, rallied up to 6 per cent in the intra-day trade, and ended 1 per cent and 5 per cent higher, respectively, following the development, which was announced post market hours on Tuesday.
Recovery in bluechips and gains in European markets helped the rally.
Gold looks cheap compared to the stock markets that are highly overbought at the moment.
Jio is planning to win over 350 million 2G feature phone users by launching a smartphone at a fraction of the current cost.
ICICI Bank was the top Sensex gainer after S&P Global Ratings affirmed its 'BBB-' long-term issue ratings on the senior unsecured bonds.
Experts caution that the rally in these stocks may fizzle out soon, as the overall market sentiment still remains weak.
Analysts said FIIs had created long positions worth Rs 9,700 crore (Rs 97 billion) in index futures till recently.
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
The S&P BSE Sensex has gained 149 points to open at 25,802.
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
Should he begin the yatra from Gujarat's Porbandar, the birthplace of the Mahatma, on October 2, and skip campaigning for the five assembly polls?
A day after the Union Cabinet paved the way for the government reducing its stakes in Oil and Natural Gas Corporation (ONGC), Coal India Ltd (CIL) and NHPC, the shares of these companies fell 3.4-5.2 per cent on bourses.
Ashok Leyland, ITD Cementation India have more than doubled.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
Infosys, however, feels the high level of cash is an important tool to weather tough times.
Bank shares were the top gainers led by ICICI Bank.
Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
After Prime Minister Modi performed the bhoomi puja for the Ram temple, Lata Mangeshkar picked her favourite Ram bhajans.
TCS, Infosys and others are banking on automation to protect their turf in the US, but building a successful revenue model around it may prove difficult
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Since the cash flows will be impacted in a big way, DLF will have to resort to selling non-core assets in a substantial and significant manner through the next few quarters.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
Nitin A Gokhale, Co-founder, BharatShakti.in and long-time Rediff.com contributor, remembers a most unusual politician.
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