The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Sensex, Nifty put up a good show in closing trade.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
The BSE Sensex jumped 70.42 points to end at 34,503.49, while the broader NSE Nifty finished at 10,651.20, up 19 points.
The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.
Rumours of which tycoon is close to which minister will soon start floating, and those could affect prices in the short term.
The restraint on part of investors was chiefly because of RBI's minutes of its December policy meeting, which showed that some members were concerned about rising oil prices, its inflationary impact and possibility of fiscal slippage.
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
In a bid to woo foreign investors, the Indian Railways is planning to organise road shows in select countries showcasing opportunities for investment in the rail sector.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
After touching a fresh all-time low against the US dollar on Thursday, the rupee jumped 27 paise to end at 68.46.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
Oil & gas, banking and pharma sector stocks stole the show
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
This surpassed its previous record close of 29,974.24, reached on April 5.
Modi targeted Congress's president-elect Rahul Gandhi, saying he was born with a "golden spoon" and has not seen poverty.
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
Colombo can handle more container traffic than all of India's ports put together. For a country with a long maritime tradition, this is a pathetic state of affairs, saya T N Ninan.
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
The Sensex has now lost 878.32 points in six sessions -- its longest string of losses in six months.
The 30-share Sensex, after opening on a strong footing, continued its upward march to hit an all-time high of 35,827.70. The NSE Nifty also hit a record intra-day high of 10,975.10, before finishing at 10,966.20, up 71.50 points.
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16.
ONGC was the top performer while private banking major ICICI Bank extended gains
'Corruption is rampant in every office in the state from the villages right up to Gandhinagar. I have witnessed all these issues first hand... Before Narendra Modi became chief minister Gujarat had a debt of Rs 25,000 crore to Rs 30,000 crore. Today it is Rs 180,000 crore. There has been six-fold jump in public debt in Gujarat in the last ten years... Every child born in Gujarat owes a debt of Rs 30,000 today. How can you call this development? Look at how high taxes are in Gujarat. Look at the condition of our public health system. There are not enough doctors or nursing staff in government hospitals; not enough teachers in schools and colleges.' Three-time BJP MLA Dr Kanubhai Kalsaria rips apart Narendra Modi's policies.
The S&P BSE Sensex surged 217 points to end at 25,736.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
A leader of Shiv Sena, a constituent of the Bharatiya Janata Party-led National Democratic Alliance at the Centre, on Monday accused the Narendra Modi government of "compromising" on Hindutva issues and termed BJP's coalition with Peoples Democratic Party in Kashmir as "treason".