Ongoing global events will obviously impact the stock markets through FIIs, but don't underestimate the role of economic growth in driving the Sensex.
Foreign investors faced flak for pulling down the domestic stock market deep into the red over the past one month. However, a little bit of data crunching shows that Foreign Institutional Investors are not guilty as charged.
The CSO estimate is, however, a bit lower than 7.4 per cent growth projected by the Reserve Bank for the current fiscal.
Recent data from market analytics firm Nielsen shows that the rural market in the country's 630,000-odd villages is pulling down the overall FMCG business.
After making its entry into the Bombay Stock Exchange's benchmark 30-share index Sensex in May
Infosys was the top gainer in the Sensex pack, rising 2.36 per cent, followed by HDFC Bank up 1.39 per cent.
IIP down due to poor show by manufacturing, mining and power sectors
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
Slowdown in industrial production notwithstanding, a marginal increase in inflation raised the clamour for another round of rate cut by the Reserve Bank on April 4 to boost economic activity.
The Indian economy is set to cross 7 per cent growth mark owing to robust industrial growth and continuous resurgence in the services sector, an industry survey said.
Investors lost as much as 20 per cent of their money put into equity focused mutual funds over the past one month as the benchmark stock index Sensex dropped about 11 per cent during the same period.
The Sensex stood at 13,786.91 points at the end of 2006 and closed the year 2007 at 20,286.99 points on Monday. It crossed seven thousand-point milestones -- from 14,000 to 20,000 marks -- during the year, which is the maximum for a year.
Investors went looking for bargain in banking, oil and gas and auto stocks.
With the prices touching a two-year high, CEOs of leading companies expect a cut in corporate tax and measures to boost the capital markets in the Budget 2007-08 to be presented on February 28.
India's annual industrial output growth slowed to 4.2 per cent in July compared with an upwardly revised 4.4 per cent growth a month ago, government data showed on Friday.
The Indian stock markets' buoyant reaction to US Fed's decision to halt the interest rate hikes seems to reflect the growing clout of FIIs on the domestic bourses, which were falling like ninepins not long time back.\n
Manufacturing sector, which constitutes over 75 per cent of the index, grew at 5.5 per cent in November compared to a decline in output by 4.6 per cent earlier
Stock market listings in the ongoing turbulent phase have not only become a dreaded dream for corporates planning to raise money from public, but are turning out to be inauspicious for the benchmark Sensex too -- the trends on the bourses show.
The NSE index, Nifty, on Thursday surged over the 5,000-points mark in early trade, on aggressive buying by foreign and domestic funds. It gained 75.05 points at 5015.55 in the first five minutes of trade and hovered around the 5000 mark.
For the second straight week, the Sensex rose, notching up a significant gain of 528.34 points, or 1.59 per cent. The Nifty was up 129.45 points, or 1.25 per cent, during the week.
'There is a huge tax differential of 15% to 20% depending on income classification.'
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
Setting the stage for the revival of an united front against the BJP, Naidu claimed the mood of the nation was against the BJP-led National Democratic Alliance and soon an alliance would be formed with various regional parties.
'He is evil in its most hypnotic, powerful, persuasive, expressive and exonerated avatar,' notes Sukanya Verma.
India Inc has given the United Progressive Alliance government a 65 per cent score, a shade better than Prime Minister Manmohan Singh's
Oil, banks eneded the day in green while few in auto sector lost heavily.
'The choice of chief minister after the win is a pointer to what issues really mattered at the polls.' 'Perhaps, demonetisation was an electoral side issue -- a reflection of the disconnect between commentators in the cities and the realities on the ground,' says Somasekhar Sundaresan.
The Transparency International survey found 69 per cent in India as saying they had to pay a bribe, followed by 65 per cent in Vietnam. China was much lower at 26 per cent while the same for Pakistan was 40 per cent.
Economists surveyed by Reuters had forecast a 0.5 per cent growth in output
Analysts polled by Reuters had expected an annual output growth of 3.5 per cent for the month.
The Indian industry on Tuesday expressed overwhelming concern at the way the stock market had negated all negatives and scaled an all-time high and felt that the Sensex needed a healthy correction.
As many as 85 per cent of the country's chief executive officers and managing directors favour the strength of independent directors in listed companies to be not more than one-fourth of the board's strength, a study by Assocham has said.
In the Sensex pack, M&M was the biggest loser, tumbling by 6.66 per cent, followed by TCS dropping 4.14 per cent.
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