Global cues lift Sensex 364 points; Nifty ends above 8,650.
The firm, which owns, operates and manages hotels, palaces and resorts, is likely to hive-off the two properties into separate entities.
Sensex surged 486 points or 1.9%.
Financials were the top losers after sharp gains in the previous session along with ITC
Though the developments are positive, analysts say the benefits will accrue only in the long run
Analysts expect the indices to dip further if the global macros do not stabilise
The outcome is beyond the market's expectation and will be a sentimental boost, say analysts.
Reports have suggested Rs 400-650 as the possible IPO price
FY16 saw the highest number of new product launches in a year from Maruti
Private companies have been increasing their dividend payouts at a much higher pace than their public-sector counterparts, though some state-run companies are making huge payouts in absolute terms.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
The sentiment around Indian equities remains positive and unchanged.
BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Tata Steel and Tata Chemicals under investor watch
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
Auto stocks are weighing on the indices.
Given the better growth in JLR sales and improving domestic sales, nearly 90 per cent of the analysts covering the stock have a 'Buy' rating.
Indices reversed all its losses during late trades.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
The government is set to carry out a performance review of companies that have opted for corporate debt restructuring (CDR).
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Patanjali, to a large extent, has penetrated the target group for its products. As a result, increasing the consumer base and revenue by 100 per cent in FY18 will be a stiff challenge.
SBI remains a favourite of most brokerages in the PSB segment.
'Rajan brought in a healthy air of competition in the banking sector.'
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
IT and pharma companies again save the day; mask pain in domestic consumption.
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