Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
Fund manager Gautam Sinha Roy shares what he has learnt from Warren Buffett, after attending Berkshire Hathaway AGMs over the years
'If the government had not spent an incredible amount of energy on demonetisation it may -- may, because it had not done anything the previous six months either -- have been able to pay attention to the deeper problems of low investment and job creation.'
The industry employs about 10 million workforce.
The broader markets, however, outperformed their larger peers.
The former finance minister also criticised Prime Minister Narendra Modi over the words he chose to attack his predecessor Manmohan Singh, saying he should remember that the Chair he sat on was used by Pandit Jawaharlal Nehru and even Atal Bihari Vajpayee and hence he should use right language.
Union Bank of India, Canara Bank, Andhra Bank, Saraswat Co-operative Bank and YES Bank have come together to allow inter-bank fund transfers through debit cards.
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
Keshav Murugesh, CEO of the Nasdaq-listed WNS, discusses the impact of the Trump administration on BPO and BPM industry with Ayan Pramanik.
Rediff readers share their Cash Crisis experiences.
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Net profit grew 25.4% in Q4 but revenue growth, lower at 8.5%, suggests lack of volume expansion.
'The challenge in India will be reviving consumption/investment.' 'If the negative surprise in earnings is very sharp or lasts longer than March, it can trigger a sharp sell-off.'
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.
'At this point, it does not appear to be a Lehman Brothers kind of crisis, which had a domino effect on the financial system.'
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
ICICI bank waives ATM charges.
While phone call-outs was a weapon of choice for the Aam Admi Party in the 2013 Delhi elections, both the Congress and the Bharatiya Janata Party and other national and regional parties are extending their reach to voters through mobile phones, smart phones and in the general election campaign.
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
In the past 12 months, such earnings have grown in double digits in Europe, the US, Japan and South Korea.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
Market participants are now awaiting Thursday's meeting of the European Central Bank
Unfazed by the absence of leaders of the Left, the Janata Dal-United, the Samajwadi Party and the Bahujan Samaj Party, Congress leader Rahul Gandhi and Trinamool Congress chief Mamata Banerjee along with some regional parties on Tuesday sought to put up a united face raising the pitch against demonetisation by demanding the resignation of Prime Minister Narendra Modi.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
The bigger worry is that its effects could linger well into the next financial year.
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
If GDP growth in Q2FY18 remains below 7%, the outlook for Samvat 2074 would remain uncertain at best, says Nitin Desai.
Modi sought the cooperation of public in making the "war on corruption" a success and said the wrongdoings of some are being caught only with the support of common people who are coming forward with concrete information about hoarders.
Given the volatility of the global marketplace, India is already on a strong wicket and well poised to provide a lucrative option to foreign investors.
Gold is often considered a 'hedge' against an economic uncertainty.
A two-year extension at the helm of the RBI still looks a real possibility
'Some of the policies NITI Aayog has taken, we feel lean towards the corporates.' 'In a democracy, when you are making a policy decision, you are expected to take the views of all the stakeholders.'
Saurabh Mukherjea, CEO, Ambit Capital, says he is advising clients to either take a genuinely long-term view on stocks or diversify the portfolio with stocks, bonds and gold for those with a short-term view.
'Modi is likely to make more announcements to win or retain popularity, and put himself at the centre of things even more than now,' says T N Ninan.
Infosys on Friday posted a 3.5 per cent rise in quarterly net profit, lagging analyst estimates.
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The catalyst is the run on emerging market equities, but many investors are just tired of waiting for India to get its act together.
Overall, the Survey warned that unless shifts in the vision of development were articulated and embraced, the Indian economy would lose the chance to move to a high-growth trajectory.
A basic problem is that the cost of spectrum and licences relative to earnings is too high.
The 30-share Sensex ended down 30.30 points at 28,161.72 and the 50-share Nifty dipped 7.95 points at 8,543.
'We are probably working with flawed data on household finance.'
'We are in the middle of the biggest self created crisis of this government.' 'A crisis which involves and includes citizens and affects the way we go about our lives.' 'It is a crisis that is being managed poorly by the government and, it is absolutely clear, even more shoddily by the Opposition,' says Aakar Patel.
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