Global brokerage firm CLSA is positive on India's growth stroy.
The 56-year-old Democratic Senator from California, who on Saturday became America's first female, first Black and first South Asian vice president-elect, represents a new face of political power.
Analysts attribute the surge to a host of factors, particularly the interest shown by the retail investors in these two market segments.
India cannot ignore the neglect of climate finance by the developed nations, Modi asserted at G20 session
'India is in a slowdown which most of us have not seen in our living memory.'
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
Nomura Group Study found that in 2019, out of the fifty-six companies which shifted their production out of China, only three of these invested in India; while 26 went to Vietnam, 11 to Taiwan, and 08 to Thailand. In April 2020, Nikkei noted that out of the 1,000 firms which were planning to leave China and invest in Asian countries, only 300 of them were seriously thinking of investing in India.
The Modi government has to embrace the history of Tamil conquests in South East Asia and stop obsessing about Babar/Humayun, argues Colonel Anil A Athale (retd).
Modi's critics will say that he has put up cement and steel structures, but weakened the institutions of governance whereas Nehru strengthened them, observes T N Ninan.
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
'Both Russia and the USA seek New Delhi's friendship, because for both -- Russia and the USA -- India is a certain counterbalance to China.'
'We need to see more Indian Americans and people of colour hold elected office and serve in executive roles.'
Top losers in the Sensex pack included IndusInd Bank, Yes Bank, SBI, L&T, Tata Steel, M&M, Bajaj Finance, Vedanta, Tata Motors and RIL, tumbling up to 6.97 per cent.
Harris, the 49th US Vice President, will serve as the deputy of President Joe Biden, 78, who also took the oath of office, becoming the 46th US President.
Yes Bank topped the gainers' list on the Sensex. It was followed by HDFC, Bajaj Finance, HDFC Bank, ICICI Bank, L&T, SBI, Axis Bank and Kotak Bank -- rallying up to 5.24 per cent.
Kotak Bank was the top laggard in the Sensex pack, shedding over 2 per cent, followed by ITC, PowerGrid, M&M, HDFC, Asian Paints and NTPC. On the other hand, Maruti rallied over 4 per cent. Bharti Airtel, Axis Bank, IndusInd Bank and Bajaj Finance were also among the gainers.
The combined 10 Asian currencies have appreciated by 6.6%.
India said it firmly believes that a peaceful and secure neighbourhood will yield "rich dividends" for SAARC nations.
'If Asia does become a Chinese dominated space, it will not only be because India failed to get its economic act together but also because it did not stand up for its democratic credentials,' warns Shyam Saran, the former foreign secretary.
'Our strategy should be to 'hold the line' in the north on the Sino-Indian land frontier, but maintain and, if possible, enlarge India's current edge in the maritime south.'
Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
IndusInd Bank was the top gainer in the Sensex pack, rallying over 6 per cent, ahead of its earnings announcement. Axis Bank, Kotak Bank, ICICI Bank and Bajaj Finance too surged up to 5 per cent. On the other hand, NTPC, M&M, HDFC Bank, Bharti Airtel and ITC were the laggards.
Any market correction, analysts say, would be an attractive entry point for risky assets, which should do well over the medium-to-long term.
Stating that an economic recession gripped global economy following the lockdowns due to COVID-19 pandemic, Fitch Ratings on Friday said the initial disruptions to regional manufacturing supply chains in China have now broadened to include local discretionary spending and exports.
Reliance Industries was the top gainer in the Sensex pack, surging over 3 per cent, followed by Bajaj Finserv, IndusInd Bank, HDFC twins and Kotak Bank. NSE Nifty surged 143.25 points or 1.18 per cent to 12,263.55.
'The MEA, hopefully, made it clear that the Indian PM can't be seen in Xi Jinping's company when China has, for all intents and purposes, annexed over 1,000 sq kms of Indian territory in eastern Ladakh, and essentially that the Wuhan spirit and the Mamallapuram spirit have turned into vinegar.'
On the Sensex chart, Sun Pharma was the top loser, followed by Maruti, L&T, Hero Motocorp, Infosys, ONGC and RIL.
Defence and strategic experts on Monday said that China's posturing in the Indian Ocean will disturb stability and peace in the region.
Tata Motors was the biggest loser in the Sensex pack, tumbling 2.47 per cent, followed by Reliance Industries (2.44 per cent), Maruti (1.84 per cent), SBI (1.76 per cent) and Bajaj Finance (1.23 per cent).
Indian Americans are not just shining in the fields of technology, education and management. You can now spot them every where... in politics, in research, in the movies and even on YouTube, says Ignatius Chithelen.Indian Americans are not just shining in the fields of technology, education and management. You can now spot them every where... in politics, in research, in the movies and even on YouTube, says Ignatius Chithelen.
India's rising GDP may have propelled the middle class to become richer, buy new cars, travel around the world and build assets, but it further pushed the economically disadvantaged and poor into poverty and drudgery, says Devanik Saha.
The three Asian giants, if determined to strengthen trilateral strategic cooperation and coordination, will not only greatly promote their self-development but contribute to the boom of Asia, says a Chinese analyst.
The prime minister also welcomed convergence of views between India and ASEAN for cooperation in the Indo-Pacific region.
Externally, the global economy is stabilising, with better growth is expected this year.
The man who has studied Lalu Prasad Yadav and Nitish Kumar from a vantage position in Patna's corridors of power speaks to Sheela Bhatt about the upcoming Bihar assembly election.
India and Indians can ignore Pakistan, but that cannot be said of other nations in the neighbourhood, where New Delhi's 'Neighbourhood First' policy constantly reverberates. Four of the eight SAARC member-nations are Muslim -- Afghanistan and Pakistan, Bangladesh and the Maldives. The rulers decide the nation's India or anti-India policy in the first two, and street-opinion contributes to the same in the latter two, points out N Sathiya Moorthy.
Top losers in the Sensex pack included M&M, SBI, Yes Bank, Asian Paints, HDFC, Tata Steel and L&T, shedding up to 2.55 per cent. The broader NSE Nifty settled 79.80 points, or 0.72 per cent, down at 10,996.10.
Biden and Harris are the leaders we need at this time to do the painful but necessary work of creating a more inclusive -- and united -- nation, points out Murali Kamma.
The US has been, historically, a sleeping partner in India-China relations. Today, any attempt by the Modi government to make a bilateral move to improve relations with Beijing could upset Biden's apple cart, notes Ambassador M K Bhadrakumar.
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