Broader markets outperformed.
rediffGURU Sushil Sukhwani offers expert advice about pursuing higher education abroad.
Bihar Deputy Chief Minister Sushil Kumar Modi said, a hike in GST rates would have hampered consumption amid the economic slowdown. The revenue augmentation panel in the Council meeting recently recommended revisiting and restructuring the GST rate slabs, besides correcting the inverted duty structure. The panel listed 24 items, including mobile phones, footwear, fabrics, LED light, medical equipment, utensils, agri machinery, pharma, and renewable components, which have an inverted duty structure, resulting in refunds of close to Rs 20,000 crore annually.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
Kumar said the Commission will follow the time-tested methods of consultations and consensus building in bringing about any reforms and will not shy away from tough decisions, according to an Election Commission (EC) statement.
rediffGURU Sushil Sukhwani offers expert advice on about pursuing higher education abroad.
India's GDP for the three-month period ended September 30 grew 7.4%.
The Securities and Exchange Board of India, and its Mauritian counterpart, the Financial Services Commission, are likely to sign shortly an agreement for information sharing.
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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
Mann also asked the vigilance bureau to investigate the wealth amassed by the police officer through alleged "drug money".
Indian equity markets registered their highest single-day percentage gains since early October.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
Markets snapped their 8-day winning streak.
The appointment of new expenditure secretary comes a month-and-a-half ahead of the Budget for 2020-21 to be presented on February 1.
Financials are the top gainers along with index heavyweights.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
Investors will remain cautious ahead of F&O expiry.
Monsoon is expected to be normal in June.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
Sensex ends in green on boost from bluechip stocks.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
With organisations like the Bharatiya Mazdoor Sangh, which is a front of the Rashtriya Swayamsevak Sangh, telling Finance Minister Nirmala Sitharaman they want OPS back, the government is in a bind, report Shiva Rajora and Aditi Phadnis.
The offering comprises secondary sale of 13.68 million shares, constituting 27.3 per cent stake.
The 30-share Sensex ended higher by 31 points at 26,591 and the 50-share Nifty gained 10 points at 8,061.
It is likely to be a stormy affair with divergent views on market borrowing. Centre will likely press states to borrow to make up for the shortfall, but states want either the Centre or the GST Council to do so.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
According to Merrill Lynch (BofA-ML) report, Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections.
The index had risen over 585 points in the previous three sessions.
It's seen as a signal that he wants to engage with India Inc at a time when the economy has started looking up.
Sensex lacklustre, bluechips in focus.
The Sensex had bounced back with gains of 94 points or 0.3%
While the framework of service delivery and client-focused approach remains unchanged, Nilekani's suggestions, of taking start-ups with newer technologies to clients, are being implemented.
Finance Secretary Hasmukh Adhia vacates his post on November 30 and Expenditure Secretary Ajay Narayan Jha, the second seniormost bureaucrat in the finance ministry, retires on January 31, the day before Jaitley presents the 2019-20 interim budget.
According to sources, the postal bank will tie up with other banks and financial companies to offer products like loans, mutual funds, and insurance policies to its customers.
Bankers have decided to fight back against 'arbitrary arrests' and 'harassment' by probe agencies.
Pharma major Lupin and mortgage lender HDFC were the top losers.
Sensex in green in afternoon trade.
'We will not compromise on it. We will not make any deferred payments or cuts.'
