The November 5 US presidential elections, Federal Reserve interest rate decision, trading activity of foreign investors, and the upcoming quarterly earnings from domestic firms are the major triggers that would influence sentiments in the equity market this week, analysts said. In an eventful week ahead, a host of macroeconomic data announcements and global trends would also drive the markets, experts said. "The upcoming week is poised to be eventful on the global front.
While liquidity in the banking system has turned surplus in the last few weeks, it could go back to deficit again, mainly due to corporate advance tax outflows. The net liquidity surplus of the banking system rose to touch Rs 1 trillion on Tuesday on the back of government spending, according to the data released by the Reserve Bank of India.
Satwiksairaj Rankireddy and Chirag Shetty have regained their top spot following their Thailand Open title triumph on Sunday.
Japan's march to the 2026 World Cup continued on Tuesday as Hajime Moriyasu's side handed China a 3-1 defeat in Xiamen while Iran eked out a late 3-2 win over Kyrgyzstan and South Korea were held to a 1-1 draw by Palestine.
Investors attribute the revival to the country's strong public markets, which are boosting confidence in initial public offering (IPO)-bound startups offering viable exit opportunities.
The country's current account deficit widened marginally to $9.7 billion or 1.1 per cent of GDP in April-June 2024, as against $8.9 billion or 1 per cent in the year-ago period, Reserve Bank of India said on Monday. The crucial number representing the country's external sector strength has come on the heels of a surplus of $4.6 billion or 0.5 per cent of GDP recorded in the preceding January-March quarter. The Reserve Bank attributed the year-on-year widening in current account deficit to a rise in merchandise trade gap which was recorded at $65.1 billion in Q1 FY25 as compared to $56.7 billion in the year-ago period.
In its judgment delivered at a packed room, the court sentenced Bo to life in prison on the bribery charges, 15 years for embezzlement and seven years for abuse of power
China on Saturday launched a criminal investigation into disgraced Communist Party leader Bo Xilai's alleged offences, a day after he was stripped of his legal immunity and expelled from the country's Parliament.
Chinese lawmakers on Friday expelled disgraced leader Bo Xilai from the parliament, completing his extirpation from politics and stripping him of immunity from prosecution for a series of corruption charges.
Chinese Communist Party leader, Bo Xilai who was expelled from the party on Friday to face trial on a host of charges including sex, sleaze and corruption has also been removed from the membership of China's legislature, National People's Congress.
He was once tipped to be one of China's NextGen leaders, someone who would guide the Middle Kingdom's future for the next decade, once the present leadership retired. In a dramatic saga, unparalleled in contemporary China, Bo Xilai suddenly fell from grace these past weeks, his wife now accused of murder. Nikhil Lakshman, who met Bo a few times, recounts those encounters with a Chinese politician like none other.
Among the 30 Sensex firms, Adani Ports and Power Grid climbed over 3 per cent each. Tata Steel, JSW Steel, Infosys, Mahindra & Mahindra, Maruti, and Larsen & Toubro were the other big gainers. IndusInd Bank, Bharti Airtel, Hindustan Unilever, Tech Mahindra and Titan were the laggards.
Communist China's biggest political trial in decades involving disgraced top politician Bo Xilai ended on Monday on an acrimonious note, with prosecutors demanding "severe" punishment for the defiant pro-Maoist leader who accused a key official witness of having illicit relations with his wife.
A Chinese high court on Friday rejected the appeal of disgraced Communist Party leader Bo Xilai and upheld his life sentence for bribery, embezzlement and abuse of power in the country's biggest political scandal.
From the Sensex pack, Tata Motors, NTPC, Bajaj Finserv, Power Grid Corp, Titan, Asian Paints, IndusInd Bank, Maruti Suzuki India and Tata Steel were among the biggest gainers. Sun Pharmaceuticals, ITC, Hindustan Unilever, Bharti Airtel, UltraTech Cement and Reliance Industries were among the laggards.
'In the audience's mind there is no urgency to go see a film in the theatre.' 'If you pay for social media buzz it does not convert into bums on seats.'
Stock markets would take cues from the biggest event of the week -- the US Fed interest rate decision, besides tracking the trends in global markets and trading activity of foreign investors, analysts said. Last week, a heavy decline in smallcap, midcap firms, foreign fund outflows and elevated crude oil prices in the international market dented investors' sentiments. Experts said equity markets may remain volatile in the near-term amid a host of global central bank's monetary policy decisions lined up during the week.
As quick-commerce players find their foothold among consumers, brands are all set to step up their presence on these platforms.
Among the Sensex stocks, JSW Steel, Asian Paints, Maruti Suzuki India, NTPC, Adani Ports and Special Economic Zone, Bharti Airtel, ITC and Tech Mahindra were the major gainers. Reliance Industries, Tata Motors, Infosys, Mahindra and Mahindra, Bajaj Finance and Axis Bank were the laggards.
The US Federal Reserve's interest rate decision is the biggest event that would drive sentiments in the domestic stock market this week, besides a host of macroeconomic data from the global front and trading activity of foreign investors, analysts said. The Indian equity market had an exceptional last week, with both the Nifty and Sensex hitting their all-time high levels on Thursday.
Disgraced Chinese leader Bo Xilai on Saturday said he had not acted to stop the embezzlement of government funds by his wife, the first time he has admitted to any of the charges against him since his trial began two days ago.
Yet another week of Hollywood movies doing very well at the Indian box office.
Enforcement Directorate is jointly probing the case.
Industry experts believe that this deal will positively impact the Indian film industry, which is struggling with fewer movie releases.
The meeting to approve the merger of Udaipur-based BoR with the country's largest private sector lender ICICI Bank got off to a chaotic start.
'Higher interest rates make gold less attractive as it doesn't generate yield.' 'However, with rates set to fall, the tables are turning for gold.'
'Domestic investors are opening up to the idea of high-growth Internet companies as a pool of value creation.' 'They like the execution that they see with Zepto, and for us, that is the most important factor.'
Satwiksairaj Rankireddy and Chirag Shetty hardly broke a sweat while defeating the Chinese pair of Chen Bo Yang and Liu Yi to win the Thailand Open men's doubles crown in Bangkok on Sunday.
Disgraced Chinese politician Bo Xilai's wife and a helper working in their home have been charged with poisoning a British businessman to death, a case that triggered the downfall of the ruling Communist Party of China's powerful leader and rocked the country's politics.
With the absence of any major immediate domestic trigger in sight, investors would focus on global trends and trading activity of foreign investors for further cues in a holiday-shortened week ahead, analysts said. Movement of global oil benchmark Brent crude and rupee-dollar trend would also guide the market. "This week is a truncated one with no major triggers expected. However, we anticipate sector-specific movements amid budget-related buzz.
Disgraced former Communist Party leader Bo Xilai was Thursday charged with bribery, embezzlement and abuse of power by prosecutors in China's eastern Shandong Province.
A Chinese state run newspaper on Sunday dismissed a United States media report alleging that the sacked Communist Party leader Bo Xilai wire-tapped President Hu Jintao as a tabloid tidbit, fabricated from dinner table gossip."
Kamalesh Chandra Chakrabarty has joined Punjab National Bank as its executive director and K Ramakrishnan has taken over as executive director of Bank of Baroda.
Major credit issuers, including the largest - HDFC Bank - have integrated their systems with the Bharat Bill Payment Systems (BBPS) for receiving credit card repayments via third-party applications.
Bank of Baroda is likely to merge its housing finance arm with itself in view of duplicating loan portfolio and increased cost of deposits and the need to maintain separate capital adequacy for BoB Housing Finance.
Raashii gets candid...Kartik transforms...Kunal gives us Monday motivation...
The recently released RBI First Quarter Review of Monetary Policy 2009-10 and the accompanying 'Macroeconomic and Monetary Developments First quarter review 2009-10 have indicated that on the basis of Balance of Payments (BoP) the export growth for 08-09 has declined by over 22% to 5.4% and also the import growth has declined by over 21% during the same period.
Months before his ouster, disgraced Chinese leader Bo Xilai suspected a plot to poison his second wife by his son by his first marriage, according to a media report.
The Reserve Bank India's (RBI's) decision to ban the onboarding of new accounts on the "bob World" mobile digital platform led to a selloff in the Bank of Baroda (BoB) stock. The stock of the public sector bank dropped by around 3 per cent. The central bank cited "material supervisory concerns"; news reports claimed mobile numbers were randomly linked to accounts to purportedly inflate registrations on bob World.
China's disgraced Communist Party leader Bo Xilai, who was sacked over allegations of sex, sleaze and corruption, has been handed over to judicial authorities for the trial to commence.
