Accommodative monetary policy has driven a bull market in stocks in recent years, but the Bank of England is expected to raise interest rates early next year and the U.S. Federal Reserve not long after, tempering future gains.
Narendra Modi's engagement at the upcoming BRICS Summit in Brazil will be keenly watched as the prime minister will interact with some of the world's most powerful leaders. The summit to be held in Fortaleza will also see the launch of the significant BRICS bank whose idea was mooted by India. Rediff.com's Sheela Bhatt gives a lowdown on Modi's first major international rendezvous.
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.
Asian emerging market stock prices did see a bounce post Fed-talk.
New Delhi is approaching Gota with an open mind, observes N Sathiya Moorthy.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Sensex closed the day 416 points higher.
Lower crude oil prices would impact India's inflation, CAD.
As the context of Panchsheel has changed, it is all the more essential that India and China need to reinvent and redefine Panchsheel for a new world order taking into account globalisation, and mutual economic interdependence. The new Panchsheel, in order to be relevant, needs to shed its binary approach of west verses the east recognising the seamlessness of global frontiers, which globalisation has brought in, says Rup Narayan Das.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
Investors turned cautious ahead of the US Fed meet outcome later today and July F&O expiry.
Former Australian cricketer Dan Marsh has called on his country's side to consider George Bailey for selection for next year's tour of India
China will also set up 50 joint laboratories with countries participating in the Belt and Road initiative to enhance cooperation on innovation.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
Indian equity markets registered their highest single-day percentage gains since early October.
Keeps open the option to make payments in yen or yuan in the face of sanctions
The renminbi is expected to weaken another 2 per cent in six months.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
Prime Minister Narendra Modi's visit to South Korea is considered essential in strengthening defence ties, enhancing economic cooperation and forging cultural ties between the two countries, says Dr Rahul Mishra
Thinking big, China is changing the world order; with mixed priorities, we can but tag along, writes T J S George.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
The report documents allegations of reprisals and intimidation in 38 countries, some of which are members of the Human Rights Council.
'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.
Given the volatility of the global marketplace, India is already on a strong wicket and well poised to provide a lucrative option to foreign investors.
The ballooning of crude prices has significantly increased the country's oil import bill and it can also lead to a worsening of the current account deficit and fiscal deficit for the domestic economy.
Rupee will weaken against the dollar in next 12 months, says Reuters poll.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
'I am not minimising either the seriousness or the complex nature of the current situation.' 'Naturally, we have to do what it takes to secure our borders.' 'We are talking to the Chinese, both through military channels and diplomatic ones.'
'In fact, they work in tandem.' 'When it comes to finding a solution, this must be predicated on honouring all agreements and understandings.' 'And not attempting to alter the status quo unilaterally.'
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
The flow of economic news suggests that "good days" are not here as yet.
The Modi government's appalling inefficiency and lack of purpose stand exposed, says Ambassador M K Bhadrakumar.
Rajeev Srinivasan on how Indians are satisfied with illusions, not reality.
Stocks of companies having operations and exports to Europe were the top losers.
Investors are keenly awaiting the announcement of the macroeconomic data-IIP and CPI due on Tuesday.
Make in India has few advantages and some disadvatnages too.
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
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