The main sectors that received maximum foreign inflows include services, computer software and hardware, telecommunications, construction, trading and automobile.
This recovery will substantially improve the Bank's balance sheet, Bank of India Executive Director N Damodharan told reporters here.
In a notification issued earlier in the wake of a Supreme Court order, the department had sought closure of tapping fresh minerals from March 13 onwards.
Both the companies have sought approval from their shareholders to "enter into, execute and deliver the master supply agreement" with each other, they said in separate regulatory filings.
According to the bulk deal data available with BSE, Thai Union Group Public Company offloaded 44 lakh shares, amounting to 9.69 per cent stake in Avanti Feeds.
Post completion of the offer, promoter's shareholding will be reduced to 87.75 percent of the post offer paid-up equity share capital.
United Spirits, MOIL, SpiceJet, Ashok Leyland, Castex Technologies, Reliance Communications, Adani Power, Gammon Infra, HDIL, Shree Renuka and Suzlon Energy gained up to 4 percent.
The index is now trading above its crucial short-term moving averages which is a positive sign for the bulls. But, Supertrend and MACD are both in SELL mode. If the bounce back sustains, we could see these indicators turning to a buy.
Midcaps also participated in the rally and recovered sharply from day's low, but still underperformed frontliners. The Nifty Midcap index was up 1 percent despite balanced market breadth.
US Food and Drug Administration officials found a 'large female mosquito' in a facility of Aurobindo Pharma during inspection, which, according to them, was not 'free of infestation by rodents and other insects'.
The Nifty Energy index gained 2 percent as stocks like NTPC added 3.4 percent closely followed by Indian Oil Corporation which was up 3.3 percent. HPCL and Oil & Natural Gas Corporation were the other performing stocks.
Barring PSU banks, all sectoral indices were higher, while midcaps too traded with gains of around 0.30 percent.
Commenting on the Indian market, Sharma said that there is no bear market in Indian equities as well as global markets. In my view Nifty and Sensex will underperform global markets while Smallcaps will vastly outperform global markets, he said.
Deutsche Bank maintained Buy call on United Spirits with a target price of Rs 3,800, implying 27.78 percent upside from Friday's closing levels.
Share India might expect some more upside in the gold until upper levels of Rs 30,600.
The research house said the reprieve for cigarette industry can trigger ITC stock's P/E rerating in the interim.
Watch the interview of Mukul Kochhar, Head of Institutional Sales, Investec Capital Services with Prashant Nair and Ekta Batra of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
From the Nifty the stocks which gained the most were HCL Tech which jumped 3 percent while ITC was up close to 3 percent. Wipro, Infosys and Vedanta were the other top performing stocks.
Water & effluent treatment segment has secured an order worth Rs 949 crore, which included two EPC orders from Bangalore Water Supply & Sewerage Board and Krishna Bhagya Jala Nigam Limited.
Considering the formation of mentioned candlestick patterns around the support levels, a pull-back move towards 10,350–10,400 cannot be ruled out.
In an interview to CNBC-TV18, Mehraboon J Irani of Gini Gems Consultants shared his readings and outlook on the market, specific stocks and sectors.
Global metal prices trade mixed even as trade war fears ease. Strength in equity market is also supporting metals prices and the long term outlook on demand growth is positive. In an interview with CNBC-TV18, Paul Bartholomew, Senior Managing Editor at S&P Global Platts shared his readings and outlook on the same.
Edelweiss expects the Nifty earnings per share (EPS) of FY18/19/20 to be 500/600/700. The brokerage firm is of the view that there are short-term risks which are likely to lead to correction and consolidation in the short term.
The market breadth was in favour of the declines with 811 stocks advancing while 897 declined and 325 remained unchanged. On the other hand, in the BSE, 1223 stocks advanced and 1399 declined and 155 remained unchanged.
Watch the interview of SP Tulsian of sptulsian.com with Latha Venkatesh, Sonia Shenoy, and Anuj Singhal of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.