The steep decline in commodity prices has reversed.
RBI Governor Raghuram Rajan expressed anguish at the banks' reluctance to pass on benefits of the earlier rate cuts.
Economist Abheek Barua's insight into the global and domestic economy at the turn of the financial year.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
The policy statement by the RBI governor is also expected to be upbeat.
The idea is to boost household savings and turn more of them into growth capital. If the plan succeeds, sustained eight per cent-plus rates of gross domestic product growth should be within reach in a few years.
IMF members will also be examining whether China's heavy intervention in the yuan market was befitting of a freely convertible reserve currency
Rajan's first few measures include swap window facility for banks to lure in NRI funds.
The broader Nifty also succumbed to the pressure before recovering to close lower by 6.35 points, or 0.07 per cent at 8,693.05
Are we adopting an idea whose time has come and gone? My feeling is, yes, says ex-banker C Joseph Chacko in the fourth article of the series on inflation targeting.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
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Privatising public sector companies would have encountered significant opposition from their managers as well as from strong unions.
Sensex falls at close; metals, banks perform well.
The progress on US debt ceiling talks, domestic inflation numbers and second quarter earnings of companies are expected to keep investors busy in the truncated trading week ahead.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
Stock to watch: Shipping Corporation and Great Eastern Shipping
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
If customers did not see value in what we provide them at the price point at which we provide these, they would not have been there with us in such a competitive market, says HDFC deputy managing director Paresh Sukthankar.
The television channel is in hot water for not having made a public announcement in 2009 of a 'change of control' of the company.
Policymakers have been grappling with high prices for food staples such as onions and potatoes even after the central bank raised interest rates by a quarter percentage point in each of its previous two reviews.
RBI has brought down forecasts of both year-end inflation and growth.
A rate cut will bring positive sentiment around the Budget.
Mergers to create at most six state banks
It is high time to manoeuvre the rupee more effectively and predictably, even as it has to be recognised that such tweaking of the rupee needs to be accompanied by reforms to the real sector and factor markets.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
The rupee appreciated further on Thursday, adding 106 paise to 66.01 against the dollar, after steps taken by new Reserve Bank of India Governor Raghuram Rajan to attract US currency inflows boosted market sentiment.
RBI would get the comfort of meeting its 8 per cent January Consumer Price Index-based inflation target, BofA-ML said, adding that 'we expect the RBI to cut 75 bp in 2015 from February with inflation on course to 6 per cent in January 2016'.
If the impact of the Greece crisis spreads across Europe and parts of the world which are more interconnected than ever before, India cannot hope to be insulated, says Paranjoy Guha Thakurta.
RBI might not cut rate on June 2 but will surely cut soon.
'The Chinese devalued the yuan initially but then stopped'.
Money is being released and the government knows it will have to front-run private investment.
Gujarat was among the earliest civilisations in the sub-continent, dating back four millennia.
Does the rally reflect expectations of improving fundamentals or they are likely to correct?
The proposed tax exemptions and benefits notwithstanding, these new investment instruments would still be 'revenue accretive' for the government in the form of additional taxes.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
Since mid-July, the RBI has taken steps to tighten cash conditions, which have failed to support the rupee but sent bond yields surging, posing a fresh threat to the already cooling economy.
A sovereign bond float continued to be among the range of options to address the current account deficit (CAD), Finance Minister P Chidambaram said on Tuesday, even as former Finance Minister Yashwant Sinha asked him to tell Parliament the Centre would not countenance that measure.
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