'Unless the State is a welfare State, unless the State has more welfare measures, it will not be able to deal with these kind of sudden situations.'
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Five years after the catastrophic collapse of the Wall Street, the American economy is growing and the businesses are creating jobs, Obama said yesterday while nominating Timothy Massad to run the Commodity Futures Trading Commission.
Deadline to submit convincing reform plans is this week.
Weakness in euro against the dollar weighed on the rupee.
The recovery was led by pharma majors led by Dr Reddy's Labs.
The European Commission urged Greece to stick to commitments it has made to reform its economy as Prime Minister Alexis Tsipras called a snap election within hours of new EU bailout cash arriving in Athens.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Syriza lawmakers walked the corridors telling reporters the government might not survive the night.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
Coal India topped the losers' list in the Sensex pack on Tuesday, falling 2.36 per cent, followed by Bharti Airtel at 2.16 per cent.
RBI's foreign exchange reserves fell $237.5 million.
The year gone by has also forced all airlines to turn the lens sharply on their own costs, workings and internal dynamics, opening their eyes to their vulnerabilities. Fewer, leaner, nimbler players will emerge from the carnage.
Bond issuances dipped 31.4% during January-June
The public sector banks are not in a position to cut rates because of their weak balance sheets and massive portfolios of non-performing assets, says Devangshu Datta.
The greenback's strength against other Asian currencies and lacklustre local equity markets made the rupee depreciate.
The domestic currency had gained seven paise on Friday.
Sustained rise in equity markets in view of progress in monsoon mainly boosted the rupee value against the dollar.
Kaushik Khona's second innings at GoAir will be more challenging than the first. Globally, the aviation industry is in deep distress because of the pandemic, reports Aneesh Phadnis.
Hillary Clinton and Bernie Sanders held a fierce and substantive debate on Sunday night, disagreeing over trade, guns, the auto industry and Wall Street.
The falls meant that both crude futures were at their lowest levels since mid-April
Eurosceptics lined up to laud Greek democracy for disowning what some cast as the oligarchy
Hopes that better-than-forecasted monsoon may help the RBI cut rates sooner than expected, too triggered buying activity.
Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap finishing in red
'The government has to stop trying to fix things for lenders, projects, homeowners and developers and think instead about how to fix the market for houses,' says Mihir S Sharma.
Why do we need a cure here for peculiarly Western diseases when we don't have those diseases, and which the West itself is not trying to cure, asks Debashis Basu.
Silver, platinum and palladium all declined.
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
'No Budget has so far has addressed the issue of the government's abysmal productivity of capital spending, improving which will be the big game changer. 'But, the government's tight lock on businesses, banks, education, and even essential services like transportation and large parts of infrastructure and healthcare is destroying capital year after year,' points out Debashis Basu.
'The corporate sector says by 2022 they will create 300 million jobs.' 'In the last 70 years we didn't do it, how will we do it in 5 years?' 'Only agriculture can bail out the economy. Unfortunately, it is not being looked into.'
'The question is, how soon we can expect to re-attain the pre-lockdown levels of output and income.'
These three industries might offer a roller-coaster ride and stocks would have to be held for a significant time.
Banks bore the brunt of the sell-off.
The euro climbed 1.3 percent against the yen to 135.60 and added 0.7 percent against the dollar to trade at $1.1115.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
Greeks are split on whether to accept an offer by creditors that Prime Minister Alexis Tsipras calls a "humiliation"
A logjam on the GST front could turn things upside down and turmoil in Gujarat might also have an adverse impact
'It is an important and significant election -- but there is nothing make-or-break about it. A victory is always great, but if the BJP wins, it can't make Mr Modi any stronger in his party and government than he already is,' says Shekhar Gupta.
Emerging markets could be affected by a combination of lower liquidity and higher dollar interest rates caused by a hike in the US Fed funds rate.
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