Top gainers in the Sensex pack included Vedanta, Coal India, ICICI Bank, PowerGrid, HCL Tech and Bajaj Finance, rising up to 2.65 per cent.
The day-long conference will be chaired by Finance Minister Arun Jaitely and presided over by both Food Minister Ram Vilas Paswan and Agriculture Minister Radha Mohan Singh.
There was a delay in sowing of kharif onion because of late arrival of monsoon and later floods in many states damaged the crop.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
Even as rising crude oil prices, trade war fears and a sliding rupee cast a shadow on market sentiment, Nischal Maheshwari, chief executive officer for institutional equities and advisory at Centrum Broking, tells Puneet Wadhwa that in the next one year, the outcome of the 2019 general election is a bigger challenge for the market.
According to World Gold Council (WGC), gold jewellery demand in India, the world's largest consumer, touched record 662.1 tonnes in 2014.
Mid- and small-cap indices have outperformed the frontline benchmarks - the S&P BSE Sensex (up around 10 per cent) and the Nifty50 (13 per cent) - in the first half of calendar year 2021 (H1-CY21) by rallying 26 per cent and 39 per cent, respectively. The trend, analysts believe, is likely to continue in H2-CY21 as well. The outperformance in H1-CY21 comes on the back of improved earnings and strong inflows from the foreign portfolio investors (FPIs) in Indian equities. However, good monsoon so far, gradual opening up of the economy and the pick-up in the pace of vaccination provides support to the market.
The crop is currently trading at Rs 22 a kg compared to Rs 12.50 one month ago.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Condemning opposition MPs for attacking Harivansh, Joshi said the Congress and other opposition parties are frustrated with the rise of Prime Minister Narendra Modi and have lost their balance.
Delhi's air quality was again in the severe category with the 24-hour average AQI recorded at 403 after remaining in the 'very poor' category till Tuesday morning, when the AQI was recorded at 396.
The southwest monsoon season was deficient by 16 per cent.
Hopes that better-than-forecasted monsoon may help the RBI cut rates sooner than expected, too triggered buying activity.
Meanwhile, retail jewellery sales in India have declined by 50 per cent since gold price started its uptrend nearly two weeks. Buyers deferred their fresh purchase amid expectations of a correction in gold prices from the current high level.
While efforts are being mounted on a war footing to arrest its spread, COVID-19 will impact economic activity in India directly through domestic lockdown. The second-round effects, it said, would operate through a severe slowdown in global trade and growth.
Vedanta was the biggest gainer in the Sensex pack, rising 4.40 per cent. PowerGrid, Sun Pharma, Yes Bank, Tata Steel, HDFC Bank, Bajaj Finance, ICICI Bank and Bajaj Auto too ended up to 4.12 per cent higher.
The slowdown had been brewing since 2016 but was intensified further by several disruptions in the past two years including demonetisation.
'What is unusual about the current period of slow growth is that it has come without an external driver -- high oil prices and/or successive monsoon failures -- as was the case with all previous periods of slowdown, going back 50 years, notes T N Ninan.
Sustained rise in equity markets in view of progress in monsoon mainly boosted the rupee value against the dollar.
Reserve Bank Governor Shaktikanta Das has pitched for policy support from all sides -- fiscal, monetary and sectoral -- to nurture recovery of the economy hit by the second wave of the coronavirus pandemic. The dent on economic activity due to the second wave of the pandemic during April-May necessitated continuation of monetary measures to support the process of economic recovery to make it durable, Das had said while participating in the meeting of the Monetary Policy Committee (MPC) earlier in the month. "Overall, the second wave of COVID-19 has altered the near-term outlook, and policy support from all sides - fiscal, monetary and sectoral - is required to nurture recovery and expedite return to normalcy," Das said, as per the minutes of the meeting released on Friday.
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
Prices have continued to move up in Delhi's markets, wholesale and retail, on supply worries and spoilage due to record cold weather.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Weak monsoon forecast rekindled fears of higher inflation.
The market continued to downplay the serious monsoon threat, as the Sensex made further advancement in today's trades by breaching the 6,900-mark levels.
Milind Bhade presents a list of 10 forts near Mumbai that offer a slice of history along with breathtaking views.
In April, RBI had projected retail inflation to be around 5 per cent.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
Growth numbers for the large players in the sector, though, improved during the quarter.
At an average national price of Rs 90 a kg in the retail market, it shows a jump by 20% in the last two months.
Stocks of companies having operations and exports to Europe were the top losers.
Rupee will weaken against the dollar in next 12 months, says Reuters poll.
'We are going to have a recession this year, maybe next year too...'
Sensex sinks into red at close on growth concerns.
We are going to bring the Bill in the monsoon session of Parliament. About objections of trade unions, I got no representation from them. Nor did they have any discussions with me.
The forecast of deficient monsoon rainfalls scared farmers.
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
Forecasts of a further rise in bullion prices keep Indians away from selling gold.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
