Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
On Monday, RBI announced that 26 entities, including Tata Sons, LIC Housing Finance, Aditya Birla Nuvo, Department of Posts, Reliance Capital, L&T Finance and Bajaj Finserv, applied for grant of bank licences.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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The RBI has accepted the application withdrawal request, according to the statement.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Retailer bodies to demand govt action against I-Day sales offers, threaten legal action for breach of FDI rules.
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The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
'Research shows that customers want their loans instantly.' 'So the team asked can we reduce the time for approval from 5 days to 30 seconds?' 'It took the company two years of hard work to tear apart our operations and processes and rebuild them through fresh ideas and by leveraging technology.' 'We reduced the time of loan approval to 3 hours and another year to get it down to 30 seconds,' Sanjiv Bajaj tells Surajeet Das Gupta.
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%.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Sensex lacklustre, bluechips in focus.
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.
Sensex in green, JSW climbs higher.
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A discount on the product may make a credit card loan seem cheaper than a consumer durable loan. But missing a payment in case of the former will mean exorbitant charges.
Investors booked profits at higher levels despite the growth oriented Budget.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
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