Business

About 1252 shares have advanced, 1364 shares declined, and 158 shares are unchanged.

The 50-share NSE Nifty also succumbed to profit-booking and ended lower 18.40 points, or 0.22 per cent, at 8,160.10 after moving between 8,213.60 and 8,134.30 during the day.

: "The joy of trying to formulate policy in a developing country is that there are many more places where good policy can have significant effects," said Rajan.

Stakeholders in both the US and India can benefit from policies (removing tax barrier) that promote more open markets.

Persistent foreign capital inflows into equity market also boosted the rupee value against the dollar, a forex dealer said.

Investors got their confidence level back with a higher opening in Europe as the US Fed prepared for its latest policy meeting, brokers said.

BSE power index took the biggest knock, falling 1.43 per cent, followed by metal 1.06 per cent and infrastructure 1.05 per cent.

The NSE Nifty crossed the 7,600-mark in a volatile trade. At the close, it was higher by 116.20 points or 1.54 per cent, at 7,671.40. It hovered between 7,678.80 and 7,516.85. Out of the 30-share Sensex pack, 26 ended higher.

The rupee resumed marginally lower at 66.25 per dollar as against Monday's closing level of 66.21 at the Interbank Foreign Exchange (Forex) market and hovered in a wide range of 66.07 and 66.52 before finishing at 66.46, showing a loss of 25 paise or 0.38...

Saudi Arabia is planning to set up world's largest sovereign wealth fund of over $2 trillion and India was eyeing a major investment from the country which is India's fourth largest trading partner.

Dollar's strength against other currencies overseas capped the rupee’s gain: Forex dealers.

Chinese shares inched down, with both the Shanghai Composite and the CSI 300 down 0.1 per cent. Hong Kong's Hang Seng retreated 0.3 per cent.

The rupee resumed higher at Rs 66.99 against Friday's closing level of 67.05 at the Interbank Foreign exchange (forex) market.

This comes a day after the Debt Recovery Tribunal barred Vijay Mallya from accessing $75 million (Rs 515 crore) exit payment from Diageo.

While the Budget did not provide an explicit overall provision number, the government had said the 7th Pay Commission hike has been built in as interim allocation for different ministries and Budget numbers were credible.

The state which is still recovering from the recent widespread violence during Jat agitation is trying to woo investors.