The Sensex opened on a bullish note above the 7,300-mark at 7,326 - up 54 points.
India's service sector proportionately much larger than China's, while its investment and industrial-production shares are much lower
The total investor wealth in domestic stock markets soared by Rs 1.53 lakh crore as investors cheered energy reforms, including hike in natural gas prices.
Experts say it will now be tough for the Modi government to catch up with the UPA's economic record owing to the shock induced by the currency demonetisation.
Sun Pharma was by far the biggest gainer in the Sensex pack, surging 8.13 per cent, followed by Dr Reddy's at 4.92 per cent.
Private companies have been increasing their dividend payouts at a much higher pace than their public-sector counterparts, though some state-run companies are making huge payouts in absolute terms.
Increments in 2017 would be less than in 2016, says survey.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
Moody's listed six agenda on the list of pending reforms -- land acquisition Bill, labour law reforms, significant infrastructure investment, tangible benefit from Make in India initiative, tax administration and PSU bank reforms
Retail inflation rises to 4.41% in Sep on dearer food items
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
Total income on a consolidated basis rose to Rs 23,054 cr.
Bank Nifty closes at a 30-month high; Rate sensitives lead the rally on RBI rate cut optimism.
Reflecting the general weakness in the economy, mergers & acquisitions (M&A) involving domestic companies were down by 11.5 per cent to $31.5 billion in the year just gone-by, the lowest since 2009 when it had stood at $21.5 billion.
Signing of the two pacts -- FTA in services and investments -- were scheduled during the India-ASEAN Economic Ministers meeting in Myanmar last week. But the meeting was postponed as Commerce and Industry Minister Nirmala Sitharaman was not able to attend the meet due to domestic compulsions.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
The Sensex opened with a huge positive gap of 39 points at 7,651.
It is not a good idea to take the line that since demonetisation happened in the third quarter, everything that happened then was a consequence of that, says Chief Statistician TCA Anant.
This is the highest closing for both the indices since May 15.
'The rate cut could have been higher in the current economic conditions which would have had a stronger impact on business sentiment and spurred investment in a big way.'
In the December quarter, Sensex earnings had contracted 5 per cent.
The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
India is among the top five contributors to the United Nations Ebola response with a contribution of $12.5 million (Rs 76 crore), according to a fact sheet released by US Secretary of State John Kerry.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
Government-owned companies are more generous in rewarding their shareholders with dividends.
The state has witnessed a spurt in Pakistani shelling and firing along the IB and the Line of Control. Over 700 such incidents were reported this year, which have left more than 44 people, including 18 security personnel, dead and scores injured.
Growth is coming across both government as well as private sector.
The death toll rose to 5,394 after a record single-day spike of 230 fatalities in the 24 hours since Sunday 8 am, the Union Health Ministry said in its morning update. It showed the number of confirmed cases rising by 8,392 to 1,90,535. However, a PTI tally of figures announced by states and union territories, as of 9.35 pm, showed a higher death toll of 5,501.
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According to KPMG India survey titled 'Managing currency and commodity risks' that was released today, a stronger organisational risk culture and greater support from the management are perceived to be the major areas of improvement for better risk management.
This was the second consecutive yearly outflow from such funds.
Unless RBI temporarily relaxes the norms on recognising of bad loans, the pressure on this front could rise in the December quarter.
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural spending will further accelerate the growth.
Experts hail 2014 as the worst year for banks.
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