Policymakers have been grappling with high prices for food staples such as onions and potatoes even after the central bank raised interest rates by a quarter percentage point in each of its previous two reviews.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
Goldman Sachs forecasts real GDP growth to accelerate to 7.9 per cent in FY17 from a projected 7.5 per cent in FY16.
As regards India, market valuations already reflect most positives.
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
Despite the rally, on the basis of valuations, Indian markets aren't too expensive, says Christopher Wood, managing director and equity strategist at CLSA.
However, IT stocks fell on weak growth forecast by Gartner
FIIs have offloaded stocks worth Rs 13,110 crore
China's economy is in transition, with rising wage costs and massive overcapacity.
Sanjay Mathur, managing director and head of economics research for Asia Pacific (ex-Japan), Royal Bank of Scotland, tells Business Standard that in the emerging market pack, India needs to learn lessons from Korea and Taiwan, which have managed their economic situations well.
The implications aren't too significant, given the size of Ukraine and its role in the global economy.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances