There is positive correlation between crude oil prices and Indian equities and investors can expect more upside after the recent rally in Brent crude price.
Hero MotoCorp was the top gainer in the Sensex pack, spurting 4.46 per cent. IndusInd Bank, Tata Motors, Vedanta, SBI, M&M, Sun Pharma, Tata Steel, HDFC and HDFC Bank too rose up to 3.63 per cent.
The prime minister is likely to talk about its possible extension.
'Our preference remains for the less-expensive industrial stocks, which are showing good earnings momentum.'
Strong gains in metal, energy, auto and power shares lifted the key indices to new highs.
Equity investors should thank cash-rich biggies such as TCS, ITC, HUL, Nestl, and Bajaj Auto for this.
Since the Budget announcement on July 5, FIIs have been busy unloading their stock.
The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Stick to export-focussed plays, large-caps, say analysts
In the latter half of the year, there would be some economic recovery and return to normal business conditions.
Broader market outperformed the frontline indices and also hit their respective all-time highs
Sentiment got a leg-up after the Lok Sabha on Thursday gave its approval for Rs 80,000 crore recapitalisation bonds for strengthening public sector banks, traders said.
India Inc is expected to post 35-45 per cent rise in net profit in the fourth quarter ended March 31.
After enduring volatility for the first two months of calendar year 2016 (CY16), global equity markets have recouped some of the losses in March. Jigar Shah, chief executive officer, Maybank Kim Eng Securities, believes the next triggers for the rally will come from a soft landing in China and no recession situation in the US.
Markets under pressure; IT financials grab spotlight.
Key macroeconomic indicators suggest softening industrial growth.
Better-than-expected quarterly earnings by select index heavyweights, easing of US-EU trade tensions and firm foreign capital inflows boosted investor sentiment, brokers said.
Standard Chartered has appointed Zarin Daruwala of ICICI Bank as its new Chief Executive.
In the Sensex pack, Vedanta took the biggest hit (5.55 per cent), followed by Tata Motors, SBI, Yes Bank, Bharti Airtel and Infosys, which lost up to 4.50 per cent.
Overseas investors were one of the heavy buyers.
Financial planners advise against putting capital to work by anticipating what might go up or down.
Sensex seems to be under pressure on weak cues.
Indian companies will have to repay overseas debt worth $7.5 billion in the June quarter.
Stocks below a certain size in terms of market capitalisation don't attract much institutional interest
The rally in most of these stocks is partly attributed to impressive financial performance.
Almost 53 per cent of the companies covered by the survey felt that high cost of credit was creating a problem for India Inc.
India's planned transition to electric vehicles will drastically affect the commodities market, says Aditya Gandhi
Pulbic banks have no reason to cheer Budget announcement.
The broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points, after shuttling between 10,900.35 and 10,844.85.
Top laggards in the Sensex pack included HDFC, ICICI Bank, TCS, HCL Tech, Kotak Bank, Asian Paints, TechM and HUL, dropping up to 2.67 per cent.
The Nifty crossed the 5,000 mark after January 25 and touched a high of 5,5,029. The index finally ended at 5,017 - up 95 points.
India's exporters are looking out for Euro-dominated trade opportunities due to strengthening of rupee and pressure on profit margins, according to a survey by the Federation of Indian Chamber of Commerce and Industry (FICCI).
Key sectors of the Indian economy shed half a million jobs in the final three months of last year as the global slowdown took its toll on one of the world's fastest growing big economies.
Corporate houses are adding sheen to the domestic commodity exchanges now.
The combined market capitalisation of the top 873 family-owned companies was down 26.3 per cent year-on-year (YoY) to Rs 61.8 trillion at the end of trading on Tuesday. It had grown 6 per cent in FY19 and nearly 20 per cent in FY18.
There was a massive 24% decline in India's gems and jewelry exports to $2,321 million for September 2018 as against $3,053.38 million in the same period last year.
Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the USD 73-mark to quote at a seven-month low of USD 72.65 by falling 3.48 per cent, traders said.
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent.
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