The rupee continued its firming trend to log a near 21-month high of 64.26, by surging 18 paise against the US currency on sustained dollar unwinding from exporters and corporates amid positive global cues.
Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs 1.26 lakh crore at the end of March, mainly due to cheaper valuations.
The Benchmark BSE Sensex zoomed over 287 points while the Nifty breached the 9,300-mark for the first time Tuesday on persistent buying.
Shares of Reliance Industries Ltd on Tuesday rose by 3.5 percent after the company reported a record fourth quarter net profit of Rs 8,046 crore.
The Nifty rose to its record high level of 9,279.80 before quoting at 9,260.35 at 1100 hrs, showing a gain of 42.40 points of 0.46 percent .
The NSE Nifty reclaimed the 9,200-mark by surging 98.55 points, or 1.08 percent, to close at 9,217.95 after moving in a range of 9,225.40 and 9,130.55.
India Post Payments Bank (IPPB) will start selling mutual funds and insurance products of other companies by early 2018 and is open only to "non- exclusive" tie-ups, its Chief Executive A P Singh has said.
Leading bourse NSE has decided to delist as many as 19 firms including Deccan Chronicle Holdings Ltd and Koutons Retail India Ltd from its platform from next month.
The finance ministry has initiated detailed discussions with select public banks to assess their growth blueprint over the next three years and seek turnaround plans to check if they need more growth capital.
The rupee continued its dizzying downward spiral for the second-straight week and depreciated by a whopping 20 paise to end at 64.61 against the US currency.
Markets ended in red for the second straight week due to weakness due to persistent selling pressure in view of disappointing earnings results from companies amidst weakness in the global market, as investors maintained caution ahead of elections in France over the weekend and as geopolitical tensions notably those between the US and North Korea weighed on sentiment.
Mutual fund managers have purchased stocks worth close to Rs 5,000 crore in this month so far on sustained participation by retail investors.
Shares of HDFC Bank on Friday rose by over 2 percent, adding Rs 8,918 crore to its market valuation, after the company reported an 18.2 percent growth in net profit for the March quarter.
The 30-share index had soared about 162 points to hit a high of 29,584.34 in early deals, but surrendered gains in mid-session selling.
The securities would be issued on private placement basis, it said, adding that the approval of shareholders for the issuance would be sought in the ensuing annual general meeting.
The benchmark BSE Sensex rallied around 162 points in early trade today on widespread gains as investors indulged in widening bets amid firm overseas cues.
Markets regulator Sebi has decided to make daily cause list public about enforcement action taken against entities for violation of securities laws.
Sensex Next 50 index measures the performance of the subsequent 50 largest index-eligible stocks outside the BSE Sensex 50.
Indian shares ended higher on Thursday as investors picked beaten down counters, including technology stocks that lost ground on disappointing quarterly results from software services exporters Infosys Ltd and Tata Consultancy Services Ltd.
The offer for sale (OFS) opened to institutional investors yesterday, wherein foreign fund houses and domestic institutions bid for 1.84 times the shares on offer.