The 30-share Sensex ended down 261 points at 28,747 and the 50-share Nifty ended down 83 points at 8,684.
Global rating agency Standard & Poor's today said 2014 will continue to be a challenging year for the asset quality and profitability of the country's banks as the economy is expected to make a tepid recovery.
The apex court had observed that the allocation was arbitrary, illegal, and resulted in unfair distribution of national wealth.
The rupee had recovered by 19 paise to close at 61.15 against the dollar in Friday's trade in tune with local equities.
Global rating agency Standard & Poor's said the government's decision to increase domestic gas prices is likely to benefit two major gas producers Oil and Natural Gas Corp (ONGC) and Reliance Industries Ltd (RIL).
The bank's branch expansion and recruitment have been curtailed.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
The country's merchandise deficit narrowed to $9.2 billion in November, but exports growth eased to 5.9 percent from 13.5 percent in October, government data showed.
'The good news is that money continues to flow into India-focussed offshore funds.'
The credit ratings business is dominated by Moody's, Standard & Poor's and Fitch
The rupee hit a near 10-month high as an alliance led by pro-reform and business friendly Hindu nationalist Narendra was on course for an absolute majority.
Most respondents understand inflation, but very few understand risk diversification, says the ratings agency in its Global Financial Literacy Survey
The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook
Some analysts view as a microcosm of the US economy.
Navinder Singh Sarao used a couple of fairly simple techniques.
Inflation has seen some moderation in the recent past, falling from double-digit figures in 2013 to 7.8 per cent year-on-year in August.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
.jpg)
Despite criticism, the investment bank said that it stands by its research.
With more favourable view on Indian economy and business environment under the Narendra Modi government, the risk premium for Indian papers began to climb down.
To a lay observer, therefore, India today presents two conflicting realities.
The gross NPAs of some public sector banks, including State Bank of India and Punjab National Bank have crossed 4 per cent of the total assets at the end of March, 2013.
India's largest private sector lender ICICI Bank has hit the Chinese debt market for a benchmark issue of about $500 million.
It's hoped the negotiations can be wrapped up by August 20.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
The government has promised to keep the deficit at 4.1%
Government hits back, tells rating agency to introspect on processes.
This is a part of the company's plan to raise $13 billion debt to fund expansion of its petrochemical production capacity and gasification project for its refining facilities to improve margins.
Minister of State for Commerce and Finance Nirmala Sitaraman, in Mumbai to address election rallies, took time out to talk about the economy, foreign investment and trade facilitation.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
S&P is the only of the three major credit agencies with a 'negative' outlook on India.
India's informal economy and service sector accounts for over three-fifths of its $1.8 trillion economy.
As part of a cost-cutting plan, the bank is now dismantling its stock broking, equity research, and equity listing desks worldwide.
'This is clearly a much stronger government, a much strong Prime Minister's Office and a much more disciplined approach. There is an improvement of the work culture in the government -- people don't play golf in the mornings anymore. There is a huge attempt going on to making business easier,' says Rakesh Mohan, executive director at the IMF.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Being mandatory, these recommendations will have to be immediately built into the Budget for 2015-16.
The S&P BSE Sensex ended 190 points up at 23,382.
The majority in the markets believe that a September lift-off is likely.
Some investment bankers expect the Indian currency to touch 60-65 by the end of the year
Positive cues from Asian peers also uplifted the sentiment.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances