Positive cues from Asian peers also uplifted the sentiment.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
Investors booked profits at higher levels with oil shares leading the decline
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
The Reserve Bank of India (RBI) is precariously balancing two opposing objectives - maintaining easy financial condition in the domestic market, while ensuring external stability - and economists have started taking note. They say India is going through the classic trilemma of the 'Impossible Trinity'. The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates. What is even more complicated for the central bank now is that financial market stability overlays all the other three objectives.
The NSE Nifty cracked below the 10,800-mark to hit a low of 10,753.05 intra-day, before closing at 10,762.45 with a loss of 59.40 points, or 0.55 per cent.
HNI investors need an optimal mix of oversubscription and listing-day gain to make money on leveraged bets, notes Sanjay Kumar Singh.
the broader NSE Nifty settled 114.90 points, or 0.96 per cent, higher at 12,086.70. Axis Bank was the top gainer in the Sensex pack, rallying 4.21 per cent, followed by Vedanta 3.75 per cent, SBI 3.39 per cent, Maruti 3.20 per cent, IndusInd Bank 3.07 per cent and Yes Bank 2.87 per cent. Bharti Airtel slipped 1.98 per cent, Kotak Bank 1.38 per cent, Bajaj Auto 0.88 per cent, Asian Paints 0.31 per cent, HDFC Bank 0.05 per cent and HUL 0.03 per cent.
For the seven months since February 2014, the benchmark index surged nearly 27%.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
Investors booked profits at higher levels despite the growth oriented Budget.
Food ordering platform Zomato, whose Rs 9,375 crore IPO opens on July 14, is planning to launch a grocery section on its app soon, a senior company official said. The company recently invested USD 100 million (around Rs 745 crore) for acquiring a minority stake in grocery delivery platform Grofers. "It (grocery) is a large opportunity. The online grocery is nascent right now but is growing rapidly not just in India but across the world... "We are actively experimenting in that space and recently invested $100 million for a minority stake in Grofers, with the idea of getting more exposure to that space and building our strategies and plan around that business," Zomato CFO Akshant Goyal said.
All Sensex components ended in green, with Bajaj Finserv, HCL Tech, Bharti Airtel, IndusInd Bank, L&T, TCS, ONGC and ICICI Bank, Bajaj Finance and SBI gaining up to 6.64 per cent.
Broader markers outperformed their larger peers.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
From the 30-share pack, 18 stocks ended with gains led by SBI, which surged 27.58 per cent, and ICICI Bank 14.69 per cent.
Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
The government is considering a proposal to privatise some state-owned banks in phases.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
Defending the timing of Yes Bank's moratorium, Reserve Bank of India governor Shaktikanta Das on Friday assured swift resolution to the issues concerning the beleaguered lender. "The resolution (to Yes Bank) will be done very swiftly, it will be done very fast. 30 days which we have given is the outer limit. You will see a very swift action from RBI," Das told reportters in Mumbai.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
In the past few months, 45 companies have signalled their intent to raise money through the institutional placement route.
The NSE Nifty ended up 35 points at 4,249.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
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