Continuing their record-breaking run, benchmark Sensex on Monday surged 165 points to 28,500 and Nifty index rose 53 points to end above 8,500 mark on hopes of big-bang reforms in the ongoing winter session and growing expectations of more stimulus measures from China and Europe.
Indian stocks on Friday notched up their best gain in three weeks with benchmark Sensex surging 267 points and Nifty jumping by 75.45 points to hit new highs powered by a spurt in shares of lenders after Kotak Mahindra-ING Vysya announced India's biggest banking merger.
The IRCTC is preparing a big-bang entry into the Indian e-commerce market in collaboration with a multinational or domestic e-tailer. It is in the process of inviting bids from private e-commerce players to sell merchandise on its website in return for a 7-8% commission.
Rising for the second day, Indian rupee on Friday strengthened 18 paise to end at 61.76 against the greenback on suspected selling of the US dollar by state-run banks on behalf of the RBI and a strong rally in local stocks.