The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
India, Asia's third-largest economy, is likely to grow 5.3 per cent in 2013, the OECD said, lower than the November forecast of 5.9 per cent.
India builds up record FX after Fed hints rate hike in future.
The RBI is expected to cut rates in next policy.
Unlike any other business, banking is a turf where the captain's role is the most critical. Often a bank is defined by the personality of the CEO who runs it. Both HDFC Bank and Kotak Mahindra Bank are the creation of their CEOs, notes Tamal Bandyopadhyay.
RBI governor Raghuram Rajan is likely to cut rates in next monetary policy.
Traders said good dollar demand from importers including oil companies was seen at stronger rupee levels, limiting any further gains.
Foreign funds sold Indian shares worth 446.9 million rupees ($7.4 million) on Wednesday, provisional exchange data showed, marking the third consecutive session of outflows.
HDFC, ONGC, Maruti Suzuki, HeroMoto Corp and Bajaj Auto gained the most on BSE Sensex
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
Three major central banks have hit the zero limit, the Fed, the European Central Bank and the Bank of Japan.
In the light of the efforts being made to forge electoral unity between scheduled castes and Muslims, Mohammad Sajjad examines what the architect of our Constitution, B R Ambedkar, had to say about the Muslim community.
The quizzing of the 48-year-old daughter-in-law of superstar Amitabh Bachchan and Samajwadi Party MP Jaya Bachchan comes weeks after her husband Abhishek Bachchan was questioned by the agency in another case emerging from the same set of papers linked to the offshore leaks case, they said.
Both statesmen possess a cultivated pugnacious style which they keep in reserve and can at will bring into play, and despite the mutual distrust in Russian-American relations, they are proponents of detente, quintessentially, who take their mission deadly seriously, points out Ambassador M K Bhadrakumar.
The dollar index, which tracks the world's reserve currency against a basket of its peers, is down 0.16 per cent at 97.58.
'We know these are mind games Ajit dada is playing, but he (Sharad Pawar) doesn't get swayed by such gestures.'
India was less directly affected by the Chinese stock market rout and yuan devaluation that battered currencies and markets in the region.
Balance is needed in selecting members for the proposed monetary policy committee, says Abheek Barua.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Joseph Stiglitz accuses the US of negotiating over issues already settled at the World Trade Organization.
History would indicate that a recession is not that far off.
The Taliban's main challenge comes on the financial and economic front and there Pakistan doesn't have the capacity to be of any meaningful help, observes Ambassador M K Bhadrakumar.
Amid slowing growth and low interest rates, investors will need to focus on stock-picking, suggests John Remmert.
Oil prices were poised for a third day of gains following a rise of more than 4 percent last week after Islamic militants seized much of northern Iraq as Baghdad's forces there collapsed.
Asia's falling stocks have triggered an exodus of funds from the region.
The legendary Bhaichung Bhutia on Friday filed his nomination for the president's post in the upcoming AIFF elections but getting through won't be easy for the former footballer as several candidates with political affiliations have also thrown their hats in the ring.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
Barclays is not alone in trying to decide the best size and shape of its investment bank in a changed regulatory landscape.
Will Annamalai's attacks on the DMK revert the anti-BJP feeling in Tamil Nadu, asks N Sathiya Moorthy.
The dollar moved higher, while prices for US government debt fell, as traders ramped up bets the Federal Reserve would raise interest rates in March
Indian equity markets registered their highest single-day percentage gains since early October.
On the White House website, his staff post a variety of proposals ranging from an "American First Foreign Policy" to killing former President Obama's climate action plan with agenda largely echoing his campaign website.
Trump has roped in Army Corps of Engineers to build hospitals all over the country, activated the ready reserve components of the Armed Forces and invoked the Defense Production Act to compel General Motors to accept, perform and prioritise federal contracts for ventilators.
'Is baar vote jati par nahi, kaam par milega.'
In the United States, economic data is likely to take a back seat next week.
The deadly virus, which has killed over 5,000 people globally, has spread to 46 of the 50 US states.
India has not been able to compete with countries such as Bangladesh and Vietnam.
States spent much more in the first three months of the current financial year compared to the corresponding period last year.
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