Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
In the longest losing streak of 2017, the BSE Sensex has lost 1,270 points, or 3.91 per cent. It fell to a three-month low of 31,154.03 on Wednesday.
RBI governor Raghuram Rajan, on Monday, said the current level of the rupee is "pretty reasonable" and any attempt to devalue it may lead to a surge in inflationary pressures and "offset any benefits"
Trump becomes first sitting US President to pray at the Western Wall.
'It is very clear that Air India cannot be managed by the government.' 'Air India should be run as a separate profit entity.'
This surpassed its previous record close of 29,974.24, reached on April 5.
Gold has pushed lower as a result of Chinese selling.
Indices reversed all its losses during late trades.
As the government submitted a list of 627 foreign account holders to the Supreme Court on Wednesday, the spotlight is on family of former Maharashtra chief minister, former minister in the UPA government, a Mumbai-based corporate among others. Vrishti Beniwal reports
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
OVL, along with Oil India Ltd, had in June agreed to buy Videocon Group's 10 per cent in the same block for $2.48 billion.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
The trading range for the Spot USD/INR pair is expected to be within 66.20 to 67.00.
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
Forex dealers said rebound in domestic stock markets also helped the rupee strengthen against the dollar.
The rupee has dropped by 83 paise or 1.24 per cent in three days
Modi denies the charges and was exonerated in an Indian Supreme Court inquiry in 2012.
Month end dollar demand from oil importers has forced rupee to trade weak.
The breadth, indicating the overall health of the market, was slightly positive
The Sensex will then rally further and end 2016 at 28,000, according to the median forecast of 50 analysts polled in the past week.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
RBI governor Raghuram Rajan is likely to cut rates in next monetary policy.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
Lauding the contribution of non-resident Indians in the development of the country, he said, 'Mahatma Gandhi, Sardar Patel, B R Ambedkar, Jawaharlal Nehru were all NRIs. They travelled the world and helped India with new perspectives.'
Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
According to the report, the demand for materials needed for infrastructure projects like metals, minerals, buildings and transport equipment is expected to increase as the country invests in building its civil infrastructure.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Technically speaking, US equities have seen net losses since January. India is strongly influenced by US trends.
Industrialist Pawan Ruia's (think Dunlop and Jessop) arrest this month for cheating and criminal breach of trust marked a new low, but the tide had been turning against him for a while now. Ishita Ayan Dutt & Avishek Rakshit report.
"This 'notebandi' is a positive step which will lead to benefits. It will happen," the JD-U president said, terming corruption and black money as a "big sin and festering wound" which must be eradicated.
Sahara relied on a letter from bank saying the funds were there.
The Panama Paper leaks were originally revealed by the International Consortium of Investigative Journalists on April 4, 2016, following which, the government had set up the MAG to probe the matter.
The biggest lesson China can teach India is that when it comes to sustaining a love affair with investors, nothing works better than an undervalued currency and its by-product: a current-account surplus.
Some investors had speculated that the US central bank might put its plans on hold given the jitters overseas.
Sentiment very bullish for 2017; prices could touch all-time peak of $1,161 soon and may double from present levels by the end of the year. Rajesh Bhayani reports.
Reacting to market specific developments, the domestic unit touched a low of 66.74 in intra-day trade before concluding at 66.65.
Those evading taxes could soon find tax officials at their doorstep, with a rather insightful account of their big purchases.
Diplomats agree that amid stormy relations with China and Pakistan, Modi has posted impressive foreign policy successes, notes Aditi Phadnis.
These sectors have underperformed the wider market over the past year and are seen having far more upside potential if the economy picks up thanks to Modi's reformist agenda.
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