The introduction of GST would constitute India's biggest reform.
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
India, he said, has opened up its markets and stepped up public investment including in the infrastructure space and is concentrating a lot on boosting expenditure to improve the quality of rural life
Profit-booking and selling pressure on below-normal monsoon forecast, marred sentiments, traders said.
The manufacturing sector during the fourth quarter recorded a growth rate of 9.3 per cent while the farm sector grew at 2.3 per cent.
Dealers are selling gold at a discount of Rs 175 for 10 gm.
There is polarisation among sectors with IT and healthcare receiving the lion's share of FPI money in the past two quarters.
Premium valuations era started in 2006 and went hand in hand with decline in the US interest rates
Gold was Rs 28,100 per 10 gm on July 26, 2014.
The broader markets were firm with mid-caps and small-caps gaining 1-1.4 per cent on the BSE.
Given that there are hundreds of players in the shadow banking space, it's hard to make a credible estimate of potential NPAs. That creates more scope for panic, says Devangshu Datta.
Private consumption is looking up and will get better as the full effect of the good monsoon is felt on rural income, and the effect of the payout from the Seventh Pay Commission is felt on urban income, say Anis Chakravarty & Rishi Shah.
With Deputy Governor Viral Acharya and another member Chetan Ghate voting for a status quo, RBI governor Shaktikanta Das and three others outvoted them for reduction in repo rate to 6.25 per cent from the existing 6.50 per cent.
Modi's irrigation push in the Budget is aimed at scoring on the political front along with achieving growth targets
India, Japan and the US are set to focus on "anti-submarine warfare" by deploying "different machines" during the next round of their marine wargames named the Malabar Exercise, amidst increasing presence of Chinese underwater vessels in the strategic Indian Ocean region.
Traders are waiting for the earnings season to kick off.
The government has given up plans to reconvene a parliament session to secure approval for a common goods and services tax.
Achieving inflation target of 4 per cent, recovery after remonetisation and hardening profile of oil prices are some of the risks which the RBI is watching closely, says Gaurav Kapur.
Mangoes from India are popular in the Middle East, the Far East, the United States and European countries.
This rally is largely being driven by hopes that the Modi government will drive economic growth higher, and, thus, increase earnings growth for companies.
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.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
For rest of the year, the issue is largely going to be the balance between growth rates and macro stability versus interest rates, says Sankaran Naren.
The repo or short term lending rate remains unchanged at 6.75 per cent and the reverse repo rate at 7.75 per cent.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4%
The Sensex ended above 27,000 for the first time while the Nifty topped 8,100.
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Poor rain threatens recovery in production this season, sugar prices at three-month high
The report said forward-looking surveys and economic indicators along with rising business confidence provided hope that the decline in private corporate investment 'could be arrested' in 2014-15 and fresh investments of over Rs 1.2 lakh crore (Rs 1.2 trillion) 'could be realised'.
RBI expects the growth in the next fiscal to strengthen gradually, notwithstanding the significant headwinds.
Sensex is now as expensive as in early 2008
What will be the impact on the Euro itself? Will it devalue and to what extent?
Everyday coal is illegally ferried on around 5000 bicycles out of the mines of Central Coalfield Limited in Giridih, Jharkhand but no seems to mind. Shahnawaz Akhtar reports
FIIs pump in $1.4 billion in March, after pulling out $2.9 billion in Jan-Feb.
Gains were led by index heavyweights with Reliance Industries contributing the most.
Row also provides an opportunity for key competitor ITC (Yippee noodles) to step up market share in the prepared dishes segment
In good times, analysts justify valuations giving interesting investment rationale.
