GST implementation could happen in September itself, with the next meeting of the Union Cabinet likely to take up the matter.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Investors will keenly watch US Fed meet starting Tuesday
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
As coal stocks at thermal plants fall to critical levels, economic recovery could be hi.
Investors watch out for cues from the on-going winter session of the Parliament.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
Of the 30-share Sensex pack, 22 ended with losses while NTPC ended flat at Rs 127.30.
Over 54,000 public sector employees opted for voluntary retirement scheme in 2001-02, Rajya Sabha was informed on Monday.
Moody's, which cut its FY14 growth estimate to 4.5 per cent recently, said economic growth will be lowest in a decade.
TCS heads top-10 ranking despite being sole loser; RIL, ITC take second & third place respectively
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
According to coal ministry officials, the Bill is likely to be introduced in the Lok Sabha on Wednesday. The Coal Mines (Special Provisions) Ordinance, 2014 was brought in October this year in the wake of the Supreme Court's decision cancelling 214 coal blocks.
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
Reliance improved its ranking this year to 121 from 142 last year, with a market value of $50.6 billion and assets worth $91.5 billion.
The coal-scam has taken an important turn as the Central Bureau of Investigation has charge-sheeted former bureaucrat P C Parakh and industrialist Kumarmangalam Birla. The next big thing is to see that if the coal-blocks allotted, fraudulently, are cancelled or not either by Supreme Court or by the government as pre-emptive action.
Coal requirement for the plant would be met through Coal India.
It is domestic policy distortions and inaction to correct them that lie behind the large CADs.
The S&P BSE Sensex dropped 207 points to end at 25,230.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
FMCG major ITC and private banking major ICICI Bank were the top Sensex losers
Tata Steel (then Tata Iron and Steel), the most valuable index company in 1991, is now the least valuable.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
In contrast, investors' wealth had surged by over Rs 1 lakh crore (Rs 1 trillion) to Rs 70,44,431 crore (Rs 70,444.31 billion) in 2013.
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The upgrade comes after the domestic markets scaled their lifetime highs last week.
'Can the Aam Aadmi Party challenge the BJP? Someday perhaps. But to set him up as a national alternative just now smacks of the very sin that Arvind Kejriwal admits brought him down in 2014 -- arrogance.'
However, TCS, ITC, Infosys, HDFC Bank, ICICI Bank and Sun Pharma added Rs 27k cr in m-cap
Indian CEOs might like to make some serious course correction.
The Finance Ministry has invited private sector bankers.
Market players said the sell-off was triggered by pessimism that the government may not be able to balance growth with macro-stability.
The blocks are Kunur mine in West Bengal, Morga South A, Morga South B, Meguli mines and Phutamera in Chhattisgarh, Dahegaon Dhapewada and Kalambi Kalmeshwar blocks in Maharashtra, Karanpura Mahuamilan mine in Jharkhand.
He said manufacturing ethanol and biogas from waste could result in savings to the tune of Rs 5 lakh crore annually
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
The NSE Nifty went past the 8,600-mark for the first time since November 1.
Putting money in key PSUs a better option
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