One of the reasons is the increasing number of upgrades in analysts' recommendations.
The Budget has relaxed a few safe harbour rules that aim to make it easier for fund managers overseeing offshore India-focused funds to relocate to the country.
Street may be ignoring TCS headwinds as the stock's peak valuation doesn't seem justified by BFSI weakness, likely higher US tax rates and stronger rupee, reports Ram Prasad Sahu.
United Nations proscribed terrorist Lakhvi, 61, who was on bail since 2015 in the Mumbai attack case, was arrested by the Counter-Terrorism Department of Punjab province on Saturday.
The revenue department has not seen a single deposit, owing to the outbreak of the COVID-19 pandemic.
The broader NSE Nifty touched a high of 10,638.35 before settling at 10,584.70 -- up 20.65 points
HDFC MF has had a history of stock options and gave additional ESOPs to key staff a few months ago
Record liquidity infusion by the central bank in the banking system during the financial year 2020-21 amid sluggish economic activity resulted in banks investing more in safe government papers than in extending loans, data from Reserve Bank of India (RBI) showed. This trend has not been seen in nearly two decades, barring 2016 - the year of demonetisation.
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The rupee on Friday touched an all-time low of 62.03 to a dollar, spooking the equities market and dragging the Sensex down to 18,621.39 in the afternoon.
Analysts expect RBI to restore 100-bp corridor in Tuesday's policy review.
Kamal Nath argued that Modi had 'overexposed himself': By constantly pushing his own image on social media and on TV, attaching his name to multiple promises, Modi had become the face rivals could easily blame for India's chronic dysfunction.
This is the first payment Indian refiners have made to Iran since February.
A modern economy with strong global linkages must switch to million, billion and so on, says T N Ninan.
The government's stalled projects are predominantly in infrastructure.
A company claims to run ads on Facebook where students are encouraged to provide their details to get help from career counsellors.
World Bank and its private lending arm International Finance Corporation are planning to float rupee-denominated bonds worth $100 million each when market conditions are 'favourable.'
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Top sources in RBI blamed 'unwarranted rumours' about controls on foreign institutional investors' money to the nearly 770 point drop in the benchmark Sensex and rupee dipping to its lowest levels.
Bajaj Finance was the biggest loser in the Sensex pack, tanking up to 8 per cent, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech. Axis Bank, ITC, NTPC and M&M were among the top gainers.
Nilesh Veera, director of APMC said, complained that availability of workers is a big problem. They have asked the government to provide enough sanitizers, masks, etc, for worker safety, to call them back. There has been no reply.
The Union transport minister said that the states can reduce fine but they are aimed at saving lives of people, and for generating revenue.
The stock market comes full circle; pharma also gains prominence, courtesy rupee depreciation
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
India's 100 richest saw a 3 per cent rise in the wealth totaling $259 billion, says Forbes.
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