Foreign investors have adopted a cautious stance and infused Rs 7,320 crore in the Indian equities in August owing to high valuation of stocks and the unwinding of the Yen carry trade after Bank of Japan raised interest rates. This investment was way lower than Rs 32,365 crore in July and Rs 26,565 crore in June, according to data with the depositories. While September is likely to see continued interest from FPIs, the flows would be shaped by a combination of domestic political stability, economic indicators, global interest rate movements, market valuations, sectoral preferences, and the attractiveness of the debt market, Vipul Bhowar, Director Listed Investments, Waterfield Advisors, said.
Foreign investors have injected close to Rs 33,700 crore in domestic equities in this month so far primarily due to interest rate cut in the US and resilience of the Indian market. This also marks the second highest inflow in a month in this year so far, the last one being in March, when Foreign Portfolio Investors (FPIs) infused Rs 35,100 crore, data with the depositories showed. Going ahead, the trend of FPIs buying is likely to continue in the coming days, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
'The structural story of India is a multi-decadal story.' 'One should stay invested in that story and avoid reacting to what is happening globally.'
For 20 years, the stock market headed nowhere, and this has created permanent aversion.
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Designers in Bangalore are reinventing themselves by adopting cost-cutting techniques.
"The EU economy will emerge from recession in the second half of this year, although for 2009 as a whole, GDP is still set to fall by some four per cent."
Come August, the American economy will be in recession for twenty one consecutive months, one of the longest in nearly 80 years, amid signs of economic stabilisation.
To kick start the sagging economy, the US administration has come up with many initiatives including stimulus packages, bailouts for ailing banks and funding programmes for the auto sector, among others.
Companies are cutting back on recruitment and training in their bid to cut costs and cope with the current economic slowdown.
Although the United Progressive Alliance government returned to power, minus the push and pulls of Left parties, it decided to keep western multi-brand retail chains off from the country's $450-billion retail market.
India's exports registered a steepest decline in 13-month falling 9.3 per cent in August to $34.71 billion due to global economic uncertainties, while the trade deficit soared to a 10-month of $29.65 billion. According to the government data released on Tuesday, imports increased by 3.3 per cent to $64.36 billion, which is a record high, due to a significant jump in the inbound shipments of gold and silver.
Fiscal and monetary policies have helped India in dodging the recession and sustaining the economy, the research arm of the rating agency Moody's said.
A US court has dealt a blow to US President Barack Obama early into his second term, ruling that he violated the American constitution by making "recess" appointments bypassing the Senate confirmation process.
With the financial turmoil ravaging economies globally, four out of five investors feel the world will continue to be gripped by recession over the coming year, despite the injection of billions of dollars by various governments, says a survey.
The sheer speed of the decline could help revive demand and clean up the market quickly.
'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'
Warning that the worst may not be over yet, Reserve Bank Governor D Subbarao has said the global economic recession may not only continue through 2009 but could prolong to the next year as well.
It might help alleviate the economic crisis by addressing the root cause of the unwillingness to spend, says Robert J Shiller.
Europe's deepest recession since World War II officially ended on Friday, as data showed the European Union was growing once again, following five straight quarters of contraction.
The US has slipped into a recession and is estimated to shrink 2.6 per cent in the fourth quarter, primarily stoked by worsening credit conditions, says a survey.
The total number of demat accounts in the country stood at 171.1 million as of August 31.
The global economic recession has now started affecting the US farming community, and can wipe off one-third of farmers' income and render 45,000 of them jobless in 2009, a government agency has said.
President Barack Obama on Thursday said that the United States has fought its way back after years of worst economic recessions in the country.
Alarmed by the huge drop in the arrival of foreign tourists to the state due to global recession, Kerala government has set up a working group to chalk out strategies to tackle the crisis.
In a wide-ranging interview with Business Standard, the professor with Columbia University says economic power is already shifting to emerging market economies.
The 'R' word is everywhere. It's being discussed at World Economic Forum at Davos and now we have clients calling in at Orpheus, asking us about "recession" and how bad it is. And, is there a chance that the global depression might be starting? Such worries, though, important and critical, do highlight the mass psychology and how it reads the Federal interest rate cut and subprime crisis as a start of something bigger and problematic.
Now, economists are famous for having a wide array of views, with most of them being wrong, but it is difficult not to notice that economists working for companies that will benefit the most from -- and, in some cases, desperately need -- lower interest rates are the ones that are screaming most loudly about how terrible things are and how the US Fed needs to cut, cut, cut rates.
Unless the Eurozone crisis escalates further.
In a recent report, the UN warns the world against economic recession and calls for a global action.
The fact that the US recovery needs an elaborate defence suggests that things are far from certain.
A recession is a decline in a country's gross domestic product (GDP) growth for two or more consecutive quarters of a year. A recession is also preceded by several quarters of slowing down.
'Despite the current uncertainties, the long-term outlook remains constructive due to strong fundamentals, government initiatives, and a stable banking sector.'
'See to it that you have adequate skills that will make you so indispensable that they cannot fire you.'
Rediff reader Mrunal Samant, 33 reveals why her first job and salary will always be special.
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The president called for tax reform that eliminates corporate-friendly loopholes, highlighted his earlier proposal for free community college.
Obama said where Congress is not acting, he will act on his own to put opportunity within reach for anyone who is willing to work for it.
The preceding economic recession has led corporates and IT majors rethink and redesign business models for further improvement in terms of impact on organizational performance through better alignment from the planning stage.
ONGC was the top loser in the Sensex pack, cracking over 16 per cent, followed by Reliance Industries, IndusInd Bank, Tata Steel, TCS, SBI, ICICI Bank and Bajaj Auto.
