On the gaining side, Hero Moto, SBI, HDFC, HUL and L&T have gained between 1-1.4 per cent.
The CIL disinvestment has been hanging fire because of opposition from the trade unions. Mayaram's statement that the coal major will have to pay a higher dividend comes as the government makes efforts to meet its Rs 40,000 crore (Rs 400 billion) disinvestment target.
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
"The shift is gradually happening more on account of favourable risk-reward for stocks in these sectors and the shift would be more pronounced as investors roll over their targets to 2017," the head of research at a foreign brokerage said.
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.
Auto and index heavyweights Reliance Industries and ITC were the top losers in early trades.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
Costlier oil due to rising conflict in Iraq threatens to hurt the India economy that is already battling price rise and slowing growth.
The road show was the virtual launch of the Congress campaign for the assembly polls slated later this year, in which his party has the tough task of dislodging the Bharatiya Janata Party, which has been ruling the state for the last 15 years.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
Govt has drawn list of PSUs for strategic sale: Jaitley
Markets at close: Sensex ends in green; Nifty rises to new closing peak.
With Coal India deciding to pay around Rs 16,485 crore as interim dividend, the government will be able to make up for the shortfall in the disinvestment target of Rs 40,000 crore for the current fiscal.
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.
BSE PSU index rallies 10% in one month; nearly a third of the stocks on the index has gained 20% over the period
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
Trade and economic issues, including visa, totalisation pact and impediments hampering investments, are likely to figure at Monday's US-India CEO Forum meeting, which will be jointly addressed by visiting US President Barack Obama and Prime Minister Narendra Modi.
Financial shares were among the top Sensex gainers along with auto and pharma shares.
Profit booking in realty, oil and gas, capital goods, power and metal stocks pulled the index down to the day's low of 25,347.33 points.
Sensex in green in afternoon trade.
The S&P BSE Sensex has gained 149 points to open at 25,802.
The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
ITC, Sun Pharma, HDFC and Coal India were among the top gainers.
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
The BSE Mid-cap index gained 1.1% while the Small-cap index surged 1.3%, outperforming the benchmark indices
It will be his fifth birthday in jail as an undertrial. He was arrested two days before his birthday in 2015. Tuesday also marked Peter's fourth year in jail.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
The government on Thursday fixed Rs 358 a share as the floor price for up to 10 per cent stake sale in Coal India on Friday, which may help the exchequer garner about Rs 22,600 crore (Rs 226 billion) in the biggest sale of shares.
In 10 sessions Sensex rose over 8%
Besides PESB selected chairman designate B Ashok (currently Executive Director retail sales in IOC) having no board experience, the case for extending Butola's service is more compelling because all the other six directors on board of the nation's largest oil firm are retiring in next one year.
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
What happens when someone working in one of India's large public sector companies ends up there, hoping IIM-A is all about leadership?
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
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