ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
How far investors will be convinced by Modi's promise to replace red tape with a "red carpet" remains to be seen.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
Traders blame demonetisation for subdued demand in retail segment
India's shrimp exporters heaved a sigh of relief last week following the decision of World Trade Organisation's anti-dumping panel to set July 24 as the deadline for the final hearing on the issue.
Technical rallies and short covering may arise only if the markets break this 500 point band
Cheap equipment imports, especially from China, is a major reason for falling tariffs in solar tenders
The Obama administration sees India not only as a land of huge potential for expanded business and trade but also as a strategic partner in the face of an increasingly assertive China, whose leader visited Modi in India last week.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
'The huge amount of investments being made by telcos in India for telecom gear, there is no way this demand could be met only by Europeans.' 'The Chinese are quick in installation and offer great value for money.'
The WTO toolkit provides various instruments to deal with such situations - anti-dumping duties, countervailing duties and safeguard measures.
We must see New Delhi's position as a signal of competition to the Chinese grand design for the 21st century world, says Nitin Pai.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
To propel demand, one should concentrate on indirect taxes and bring down the goods and services tax (GST) rates to a uniform 12 per cent as the Vijay Kelkar panel had recommended, said Ajit Ranade, chief economist at Aditya Birla Group.
'There are two pre-conditions for big reforms. One, a sense of crisis and second, fairly concentrated levers of power.' 'India is growing at 7.5 per cent or something close to that.' 'Our levers of power are decentralised, not just between the Centre and states. Power is dispersed and there is no sense of crisis.'
Protectionism and a rollback of regulation. Defusion of tensions with Russia and a lowering of geo-political risks. Looser fiscal policy and tighter monetary policy. At least Donald Trump can't be faulted for not trying something different where existing policies have disappointed, says T T Ram Mohan.
China has cast a long shadow on India's economy.
Many see Nirma's Lafarge deal as some kind of second coming for the Patels.
Import curbs on Chinese panels and modules may help, but low demand and capacity remain problem areas, says Shreya Jai.
The order would ensure that the US fully collects all duties imposed on foreign importers that "cheat".
Swadeshi economist, columnist and chartered accountant S Gurumurthy speaks to Shobha Warrier about one year of Modi Sarkar.
The Covid pandemic has left a question mark on how the central government manages its staff.
'Nehru once told JRD, "I hate the mention of the very word profit".' '"Jawaharlal, I am talking about the need of the public sector making a profit!" JRD replied.' 'Nehru reiterated, "Never talk to me about the word profit, it is a dirty word".' A fascinating excerpt from Shashank Shah's The Tata Group: From Torchbearers To Trailblazers.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
What China's market crash means for India
World Bank's Doing Business Indicators ranks India (out of 189) at 132 for trading across borders.
When President Obama lands in New Delhi later this week, this spirit of accommodation must reignite a strategic economic relationship between the two countries.
'With the recent challenging of the notion of the Indian Ocean Region being India's strategic backyard, China is gradually upping the ante in the maritime realm around India.'
