The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
Sell it to the company's shares during the next year.
Shares of Kotak Mahindra Bank on Friday surged nearly 9 per cent after the private sector lender announced the acquisition of ING Vysya Bank in an all-stock deal valued at Rs 15,000 crore (Rs 150 billion).
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
Besides foreign flows, corporate earnings and US Federal Reserve chief Janet Yellen's testimony to the nation's legislature are also likely to impact investor sentiment.
The Reserve Bank of India kept interest rates on hold at 7.50 per cent.
India Inc has pitched for rate cut to boost economic activities.
The Reserve Bank is unlikely to lower the interest rates.
The interface allows you to add multiple banks and transfer money, even between payment wallets, for a fraction of existing costs
Mundra fills the vacancy created by the retirement of KC Chakrabarty in April, two months before his five-year tenure was come to an end.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
Bank CFOs may meet next week to discuss minimum public shareholding and takeover rule issues.
Lower inflation, FCNR(B) outflows likely to influence central bank decision
Norms governing investments by provident funds bar these from depositing funds in a commercial bank in case the NPAs of that bank exceed two per cent of net advances.
The Directorate General of Civil Aviation has been asked to open up bookings of SpiceJet till March 31, 2015, while airport operators have been asked to provide 15 days to the airline company for making payments.
Participants are keenly waiting for the January IIP.
Consumer prices were forecast to have risen 10.00 per cent annually last month, barely changed from the 10.09 per cent clocked in October.
Asian shares ended higher after a string of positive US economic data.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
Raghuram Rajan's 'surgery' uncovers more bad loans
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
RBI Governor has been under pressure from Finance Ministry.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Analysts say there is still no visibility of earnings improvement.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
Positive cues from the global market front aided the rally.
Gains were led by index heavyweights with Reliance Industries contributing the most.
The board will have to take a decision that he cannot remain a permanent director and also have to decide to whether to amend the article of association of the exchange in this regard.
Overhauling India's bloated and often sluggish state banks is critical for the government
In the domestic market, the cost is a third but in the international market, we are finding it difficult to price it accordingly.
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
BSE Bankex and Telecom indices led the fall.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
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