India is to fast-track emergency approvals for shots already approved in Western countries and Japan, paving the way for possible imports of Pfizer, Johnson & Johnson, Novavax and Moderna vaccines.
The NSE Nifty 50 index closed 1.36% higher at 14,504.80 and the S&P BSE Sensex ended 1.38% higher at 48,544.06, rebounding after surging infections pushed the indexes to their second-worst session this year on Monday.
The NSE Nifty 50 index closed 3.53% lower at 14,310.80, while the S&P BSE Sensex ended down 3.44% at 47,883.38.
The Nifty auto index closed down 5.11%. The Society of Indian Automobile Manufacturers on Monday warned that the pandemic had set back an already bruised auto industry by many years.
"Overall, the market is not very concerned about the restrictions as they are not likely to be as bad as last time, and the central bank too seems to be more accommodative this time," he added.
The NSE Nifty 50 index closed 0.92% higher at 14,819.05 and the S&P BSE Sensex rose 0.94% to 49,661.76.
The benchmark 10-year bond yield briefly rose to 6.19% after the policy decision, but fell to a low of 6.05% after the central bank announced a secondary market government securities (G-sec) acquisition programme.
The blue-chip NSE Nifty 50 index rose 2.3% to 14,845.10 and the benchmark S&P BSE Sensex gained 2.2% at 50,084. Both the indexes fell more than 1% last week.
Major lenders to Bhushan, including State Bank of India Punjab National Bank, Canara Bank gained more than 1% each and ICICI Bank rose 2.3%.
The blue-chip NSE Nifty 50 index rose 1.27% to 14,507.30 and the benchmark S&P BSE Sensex gained 1.2% to 49,008.50. For the week, both the indexes fell more than 1%.
India's top court backed the removal of Tata Group's former chairman Cyrus Mistry, whose family firm owns an 18% stake in the group holding company, Tata Sons.
The blue-chip NSE Nifty 50 index closed down 1.8% at 14,549.40 and the benchmark S&P BSE Sensex dropped 1.7% to 49,180. Both the exchanges saw their worst one-day percentage fall since Feb. 26.
Indian market witnessed across-the-board selling amidst high volatility owing to weak global cues and spike in COVID-19 cases.
India's two main stock exchanges last week posted their first weekly decline in three on a fresh surge in domestic COVID-19 cases and rising US bond yields.
The blue-chip NSE Nifty 50 index ended up 1.28% at 14,744 and the benchmark S&P BSE Sensex rose 1.3% to 49,858.24. Earlier in the session, the Sensex and Nifty shed up to 1.43% and 1.28%, respectively.
Sentiments in the short-term, however, are weak due to a rise in COVID-19 cases and volatility in bond yields, Sharma said.