Retail inflation rises to 4.41% in Sep on dearer food items
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
Increments in 2017 would be less than in 2016, says survey.
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.
The Sensex opened with a huge positive gap of 39 points at 7,651.
Total income on a consolidated basis rose to Rs 23,054 cr.
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
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.
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.
However, the number of confirmed cases reported by states rose by over 500 to cross 3,000 with at least 90 dead. While Maharashtra, Telangana and Delhi disclosed several new cases of the deadly virus infection, government officials said the numbers have risen in last few days mostly due to one event -- referring to the Tablighi Jamaat's religious gathering in the national capital attended by thousands of people last month.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
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.
In the December quarter, Sensex earnings had contracted 5 per cent.
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
'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.'
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.
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.
Growth is coming across both government as well as private sector.
