Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
For existing investors, it may be prudent to redeem their current investments in gilt or dynamic schemes and invest it in short-term funds, if the exit load is not very high, advises Malhar Majumder.
'We have promised to ensure reduced tax rates.'
Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
Are we adopting an idea whose time has come and gone? My feeling is, yes, says ex-banker C Joseph Chacko in the fourth article of the series on inflation targeting.
A V Rajwade wonders if the Modi sarkar is pursuing price stability at the cost of potential social instability in both rural and urban India.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
Finance Minister Arun Jaitley said RBI and the government are in continuous dialogue and that relationship will continue.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.
RBI also retained its GDP growth forecast at 7.6 per cent
A fall in the rupee could boost exports. But the flip side of the equation is that a weaker rupee could stoke some inflation
While an impending rate cut is a good reason to enter debt funds, another is the high valuations in equity markets.
Raghuram Rajan said the head of the central bank should have a fixed tenure of more than three years as the current term was too short.
Relying on the private sector to undertake infrastructure investment may not be a realistic proposition.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
RBI is expected to discuss about the impact of GST in its monetary policy.
The bigger worry is that its effects could linger well into the next financial year.
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
Barry Eichengreen, professor of economics and political science, University of California, Berkeley, analyzes the transparency of the Reserve Bank of India, the growth rate of the Indian economy and why he feels globalisation can never be rolled back.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
RBI Governor Raghuram Rajan is regarded as credible by global financiers.
Says impact of crisis in China won't be as big here as in some other countries
Lower inflation, FCNR(B) outflows likely to influence central bank decision
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
The banking sector in India is reeling under Rs 8 lakh crore of non performing assets (NPAs) or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.
There are already some signs of stress in this market.
Rajan's exit will neither affect the RBI's de facto independence nor its working.
'The rupee falling from 69 to 72 was not normal or justified by the fundamentals.' 'And therefore I treat this as temporary.'
Loan waivers will never be enough. Reforming the agricultural marketing system is essential to addressing the concerns of farmers in a sustainable manner, says Nitin Desai.
M V Subramanian says there is an imperative need for collective responsibility to tackle inflation, prices and availability of essential commodities, and not rely on inflation targeting alone.
Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials.
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
Traders are waiting for the earnings season to kick off.
Data on the real value of the currency against other currencies tells a different story.
If receipts from disinvestment, tax buoyancy and black money scheme offset shortfall in spectrum sale, higher expenditure due to pay commission's recommendations and capital expenditure, then the government would be able to meet the target of controlling fiscal deficit at 3.5 per cent of GDP this financial year.
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