Overcoming a bout of volatility in late trade, the Sensex finished 172.69 points or 0.43 per cent higher at 40,412.57
Investors have taken shelter in some of India's biggest companies amid a credit crunch and the slowest economic growth in six years
From Mukesh Ambani becoming ninth richest on Forbes' billionaires list to PM Modi announcing $50 million assistance to Sri Lanka, Business Standard brings you the top news of the day
The highlight in the market on Thursday was Reliance Industries that became the first Indian company to hit the Rs 10-trillion market valuation mark following a spike in its share price
Optimism over the US-China trade deal and benign monetary policy have helped global investor sentiment
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Market players said short-covering and sustained foreign flows ensured markets remained bullish
Market players said short-covering and sustained foreign flows ensured markets remained bullish
Median P/E multiple of top 100 companies by market value is nearly 30 times their trailing 12-month earnings
Oil production fell 3.9% to 5.8 million tonnes while gas output fell 1.6% to 6.2 billion cubic metres
Of the 19 sectoral indices of the BSE, 16 ended with losses, with metal and realty indices declining the most
Market players said Moody's outlook underscored some of the marco concerns
Analysts said many stocks in the BSE 500 universe have broken their crucial support levels and it is difficult for them to bounce back in the near term
Experts said the reduction in corporation tax has helped revival of corporate earnings.
The abolition of the DDT is one of the long-pending demands of market players as it leads to double taxation
Mid- and small-caps outperform benchmarks
Brokers said buying activity gathered momentum as investors opened their new books on the first session of Samvat 2076
The S&P BSE Sensex added 38 points or 0.10 per cent to end the Samvat 2075 at 39,058 levels. The NSE's Nifty50 index ended at 11,584, up just 1 point or 0.01 per cent
Financials have seen sharp erosion in their share prices in wake of the yearlong crisis in India's credit markets