Financials emerged as the top gainers while auto shares rallied on robust September sales
Large investors track high-frequency data that is immediately available today. That data has been bullish, points out Debashis Basu.
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Likely to set the ball rolling for Rs 1.72-lakh-cr projects today
In the offshore non-deliverable forwards, the one-month contract was at 62.26/36, while the three-month was at 62.83/93.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
In the United States, economic data is likely to take a back seat next week.
One of India's main export destinations, the euro zone, is struggling to revive its economy and battling disinflation.
IDS-2 and raids to uncover black money stash keep receipts flowing
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
C Rangarajan, chairman, Prime Minister's Economic Advisory Council tells Business Standard that the measures taken by the government will lead to economic growth of at least 6 per cent in FY14 against a decadal-low growth of 5 per cent in FY13.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
The index went below the crucial 50 mark.
Custodian banks are selling dollars for their foreign fund clients.
The HSBC Emerging Markets Index, a monthly indicator derived from the PMI surveys, inched up to 50.4 in April, from 50.3 in March, signalling only a marginal increase in output across global emerging markets in April.
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
The minutes of the December MPC meet reveal members felt the current spike in the headline inflation rate was due to a temporary supply shock on the food front, expected to moderate by the second quarter of 2020-21.
Indian economy grew 7.9% in March quarter and recorded a five-year high growth rate of 7.6% for the 2015-16 fiscal
It is the rupee's biggest single-day gain this year.
Adani Ports, HUL and L&T gained the most, while ICICI Bank, ONGC, GAIL and Tata Steel lost the most
The fact that the US recovery needs an elaborate defence suggests that things are far from certain.
The currency got support from dollar flows into local equities and greenback sales from state-run lenders.
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
Investors went looking for bargain in banking, oil and gas and auto stocks.
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
Investors were focussed on the RBI's monetary policy review on Tuesday which will give an insight into its inflation and rates outlook.
The 30-share S&P BSE Sensex ended up 130 points at 25,400 and the Nifty50 rose 46 points to close at 7,759.
L&T, ONGC and banking scrips power gains in today's trade
Production at factories, mines and utilities likely rose an annual 2.4 per cent in August, up from July's 0.5 per cent rise, according to the survey of 26 economists.
The RBI left interest rates unchanged, saying there was no substantial development on inflation or fiscal fronts to warrant a fresh reduction.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
Standard Chartered on Friday lowered India's growth forecast for the current financial year to 4.7 per cent from earlier 5.5 per cent, citing "upside risks" to inflation and fiscal deficit.
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%.
China had been trying hard to enter the Indian market, without opening its own to Indian products. There is an economic crisis in India-China relations that the Chennai Connect barely scratched the surface, points out Srikanth Kondapalli.
A Reuters poll had forecast retail inflation would slow to 8.35 percent from an annual 8.79 percent in January.
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
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