The majority in the markets believe that a September lift-off is likely.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
Indian investments in equity and debt account for the second-highest remittances outgo (about a quarter).
Positive cues from Asian peers also uplifted the sentiment.
The S&P BSE Sensex ended 190 points up at 23,382.
India's record current account deficit has been a key reason behind why Standard & Poor's and Fitch Ratings cut their outlooks on the country's sovereign rating to 'negative' last year.
The 30-share Sensex ended higher by 30 points.
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February.
Beijing did not announce expected policy support over the weekend
Diesel makes up nearly half of fuel demand in Asia's No 3 economy.
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The partially convertible rupee closed at 66.24/25 per dollar after hitting a record low of 66.30, and down 2.9 per cent from its close of 64.30/31 on Monday.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
Euro-zone growth could improve because of (a) reduced pace of fiscal tightening and (b) stronger exports, but weak domestic demand and a fragile banking system could increase deflation risks that could force the European Central Bank to turn further accommodative.
In any case, Ghosh could take lessons from the best professionally managed companies all over the world that always groom the CEO successors well in advance.
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
Spending at restaurants and bars grew more than 8 per cent compared to the year before.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
Greg Abel and Ajit Jain would be prime candidates
The legislation passed with 230 votes in the 300-seat chamber.
'Chinese real GDP growth is 7.1% and India's is 7.4%'.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
Nifty has a virtual monopoly in the index derivatives segment.
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
Investors with stalled projects and mounting bad debt will refinance their loans.
The index had risen over 585 points in the previous three sessions.
Last week, the government had introduced a fresh round of austerity measures, including bans on first class travel, creation of new posts and holding meetings in five-star facilities.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
11th-hour debt restructuring programme offered no concessions to creditors
If you are not happy with the price offered at buybacks, you could be in for a long haul.
Summers dogged by controversies over past views
He was number three in 1999 when the company was founded.
They believe that long-term story is intact.
FM needs to convince Indians to invest more in stocks.
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