Business

Major gainers were ICICI Bank, Infosys, ONGC, M&M, Yes Bank, Tata Steel, Hindustan Unilever, Wipro, Axis Bank, Bajaj Auto, RIL, Asian Paints, L&T, Kotak Bank, Tata Motors and HDFC Ltd, gaining up to 1.66 per cent.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 474.33 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 157.51 crore yesterday, as per provisional data.

The Trump administration's decision to impose tariffs on aluminium and steel imports had triggered a trade war with several countries including China, which announced retaliatory measures.

Usually up in arms against each other, the two ideological oppositions came together to challenge the assertion that consumers in India will gain with the availability of cheap imported goods that Walmart will bring to the table.

Participants are also keeping an eye on RBI's second bi-monthly monetary policy meeting of 2018-19, being held from June 4-6.

As many as 62.47 lakh businesses filed their summary sales return GSTR-3B in May, higher than 60.47 lakh filed in April.

The order follows an investigation conducted by the regulator for the June-December, 2007 period to ascertain any possible violation of the regulations.

Refund claims to the tune of Rs 14,000 crore are pending with the government as on date, as against the figure of Rs 20,000 crore projected by FIEO in the press reports, the finance ministry said.

The two-day nationwide strike, commencing on Wednesday, has been called by UFBU which is an umbrella body of nine unions.

Every rupee cut in excise duty on petrol and diesel will result in a revenue loss of Rs 13,000 crore.

CII President Rakesh Bharti Mittal said the impact of sustained structural reforms is now being felt on the ground as a mammoth economy is turning around.

The move to divert fuel from coal starved power projects would take a heavy toll on the already ailing sector, they said, adding the government continues to back PSUs at the cost of independent power producers in coal allocation.

The tax, which may come in form of a cess, will kick in the moment oil prices cross USD 70 per barrel, sources privy to the development said.

For financial year 2017-18, the airline reported a standalone net loss of Rs 767.62 crore, against a net profit of Rs 1,482.52 crore, according to the filing.

The meeting comes days after Walmart approached the Competition Commission of India (CCI) for approval of its proposed acquisition of a majority stake in e-commerce major Flipkart.

The BJP-led government had in June last year junked a 15-year old practice of revising rates every fortnight and introduced daily revisions which worked well except periods immediately preceding an election.