The inflation numbers are still within the five per cent annual target of the Reserve Bank, which is due to review the monetary policy on July 31.
Positive cues from the global market front aided the rally.
Inflation surged to 5.48 per cent during the week ended December 23, just short of the upper threshold of Reserve Bank's projections for this fiscal, due to rise in prices of some essential manufactured products, food items and minerals.
Booming economic activity enabled the government to collect Rs 99,935 crore (Rs 999.35 billion) from direct taxes during April-November this year
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
'A buoyant market economy is one which is led by the innovation and imagination of private persons,' notes Ajay Shah.
The crackdown on black money has manifested itself in a doubling in outward remittances as black money attempts to leave India.
The Indian stock market had rallied through the first fortnight of October but it gave back the bulk of its gains in the second half.
Under 'Operation Clean Money', the I-T department had sent SMS and e-mails to 18 lakh people
Reserve Bank of India Governor, Y V Reddy presented the Monetary and Credit Policy for 2006-07 on Tuesday.
Inflation stood at 5.48 per cent in the previous week and 4.56 per cent in the corresponding period of the previous year.
Index heavyweights ITC was the top gainer along with RIL and HDFC
It's been over two months since the flood waters receded, and it would seem with it so has anger against either the state government or the BJP-Sena candidates, reports Archis Mohan.
Government-owned companies are more generous in rewarding their shareholders with dividends.
Financials and auto stocks were the top losers while energy and IT shares recovered
The Naukri Job Speak Index for March stood at 1,475, showing stability in hiring activity, when compared to the previous month.
The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.
Wholesale prices based inflation rate rose by 0.26 per cent to stand at 4.28 per cent during the week ended March 11
India's current account deficit widened to $6.1 billion and the trade deficit increased to $18.5 billion even as exports surged by 17 per cent in the first quarter of the current fiscal.
'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
The market has zoomed to new highs for calendar 2017.
Softening of global commodity prices might not help much
Inflation declined to 4.68 per cent for the week ended July 8, from 4.96 per cent in the previous week mainly due to cheaper fruits, vegetables, pulses and milk.
Nilekani said the issue has been blown out of proportion as Aadhaar have built far too many security layers and it is not possible to randomly pore it.
The patience, discipline, and resolve displayed by 125 crore Indians, will play a critical role in shaping the future of the nation for years to come, the PM said.
The decline is attributed to lower salary growth and a rise in households' financial liabilities.
Citing national security and confidentiality clauses, the Finance Ministry has declined to disclose information on exchange of correspondence among India, Swiss and German authorities in connection with the black money probe.
TCS, Infosys and Wipro were down 0.4-2% each. Capital goods majors also ended lower with L&T and BHEL down 1.4-3.9% each.
'An explanation perhaps lies in the culture of revisions that has grown deep roots in the government data collection system,' notes A K Bhattacharya.
Six months after the lockdown was imposed, two dozen migrant workers were interviewed across five villages of Prayagraj. As the economy opens up, most of them are either hunting for a job or desperately waiting for a phone call from their previous employers. But the bruises of the lockdown are still fresh in their minds. Somesh Jha reports.
Its share among top three e-commerce players grew to 57% in March 2017 from 45% in June 2016
the RBI will need to fulfil its April 4 pledge to avoid liquidity shortages.
The replacement hired for women dropping out is invariably a man
The order soon got mired in political controversy with the opposition Samajwadi Party crying hoarse that the move smacked of politics ahead of the Lok Sabha elections.
A flood alert was sounded in Srinagar city on Thursday as river Jhelum was flowing four feet above the danger mark after incessant rain, while 23 villages have been inundated by floods in south Kashmir districts of Anantnag and Kulgam.
Govt has so far refused to bring down the import duty to 2% from the current 10%.
Sanjay Mookim, India equity strategist at Bank of America Merrill Lynch, tells Puneet Wadhwa that this is not a time for investors to dabble in relatively small and illiquid stocks.
