Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Without the handsome receipts from the sale of government equity in PSUs and sharp increases in excise revenues from oil, Mr Jaitley's fiscal consolidation drive would have become even more arduous, says A K Bhattacharya.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore.
The Centre had set up a Commission under former Reserve Bank of India Governor Bimal Jalan to suggest steps to rationalise subsidy and help the government in effectively bringing down the fiscal deficit.
Those candidates who qualify in preliminary examination will be eligible for the mains exam.
The breadth was neutral with 1,329 advances and 1,320 declines.
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.
BS Annual Awards 2014: Power-packed jury picks the best 7 of corporate India
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
India had a transition from 'socialism with a limited entry to marketism without exit'.
Rediff readers share their interesting stories about the first salary and what it taught them.
If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
As fuel prices surged in September, the government's decision to ask companies to cut price by Rs1 each on a litre of petrol and diesel came as a dampner for private players.
The rupee closed at Rs 66.21 in its last trading session.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
IDS-2 and raids to uncover black money stash keep receipts flowing
The Labour Ministry has relaxed investment norms for retirement fund manager EPFO, but refrained from allowing the body to invest a part of its huge corpus of around Rs 5 lakh crore in equity markets.
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
Pensioners, India Inc may get tax breaks in Budget
In an online chat with readers, Amit Chaudhary from Sarkari Jobs answered queries on how to crack the SSC Combined Graduate Level exam.
'You want a steady, confident, self-assured and highly skilful hand at the till. 'It is a pity that the BJP has decided to deprive itself of such a hand at this politically sensitive time.' 'It is like sacking your surgeon in the middle of your brain surgery,' says S Muralidharan.
In 10 sessions Sensex rose over 8%
BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
Nobody is clear what 'minimum government maximum governance' means.
The jobless armies of youthful India are getting angrier and desperate, warns Shekhar Gupta.
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Banks, real estate and metal scrips among the top losers.
All you need to know about preparing for the Civil Services examination
The government is seeking to keep its fiscal deficit within the budgetary target of 4.8 per cent of GDP.
While the five years of the Modi government have indeed seen a healthy increase in PSUs' outlay and the Budgetary support for them, the next year's numbers reveal the squeeze in the government's own resources even though it is expecting a much higher dividend income from the PSUs. These do not augur well for the PSUs in 2019-20 and the years ahead, unless these numbers are revisited and, hopefully, revised in the full Budget that will be presented later in July this year, says A K Bhattacharya.
After getting Indian Oil Corporation, the nation's largest oil firm, to drop four independent directors and Engineers India Ltd to boot out two, it is now seeking to sack former Power Secretary P Uma Shankar, chartered accountant S Ravi and former BPCL Chairman R K Singh from the board of ONGC.
Through Wi-Fi, mobile phone users will be able to access Internet.
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