Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
With the world's worst outbreak of COVID pandemic stalling a nascent economic recovery, the government has begun assessing the impact of the second wave of infections on different sectors and may look at providing support at an appropriate time to segments requiring fiscal help. Some of the economic indicators, including the Goods and Services Tax (GST) collections, still provide confidence and incoming data will throw some more light on the state of the economy, sources said. Services sectors like hospitality, tourism and aviation which had just started recovering were hit hard by the second wave of COVID, the sources said, adding these segments might need some support on an urgent basis from the government.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
Moody's expect RBI to hold policy 'repo' rate steady to have a neutral stance in this growth
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
Apart from India, only two other countries - Russia (15.5 per cent) and China (14.9 per cent) clocked double digit growth in November
The market breadth, indicating the overall health of the market, was positive
What might be useful is targeted assistance to those sectors and individuals that are disproportionately affected, suggests Mihir S Sharma.
About railways sector, the Survey said that it is facing stiff competition from other modes of transportation and the government is initiating various transformative measures to keep railways on track.
The court order could put SpiceJet's revival plan under stress.
India's credit and banking are neither too big nor too small.
The breadth, indicating the overall health of the market, turned negative from positive
RBI chief Raghuram Rajan said Asia's third-largest economy is being hampered by a drop in public and private investments.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
A snowy fishing village in Greenland, a vulture soaring through the sky in Spain, and a trio of actors gearing up for an opera performance in China all make up the award winners in the 2019 National Geographic Travel Photographer of the Year awards. Chosen from thousands of entries, the winning snap is called Winter in Greenland and was taken by Weimin Chu. It depicts the fishing village of Upernavik in northwestern Greenland. Chu will receive $7,500 (Rs 5.21 lakh) and a post on National Geographic Travel's Instagram account, @natgeotravel. Here we present the winners in each of the three categories.
While brick-and-mortar retailers have been the most vocal in their protests, e-tailers do not seem to be in a hurry.
Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
'The Budget will have to be substantially re-cast as soon as a new government takes charge after the elections.' 'Both revenue and expenditure numbers will have to be trimmed -- and then may better reflect the deceleration of economic activity caused by slowing consumption trends,' points out T N Ninan.
Traders are waiting for the earnings season to kick off.
Investment bankers said retail investors were pulling back, while institutions were being pickier
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
RBI awaits fiscal stance, inflation to cool off to decide on rates.
Pharma major Lupin and mortgage lender HDFC were the top losers.
A glance back at some of the important ups and down Indian Inc faced in 2018.
The sentiment around Indian equities remains positive and unchanged.
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
Whether it's about colonising Mars or donning Net-connected apparel, 2022 is a year everyone seems to be planning for, says Nivedita Mookerji.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
The former finance minister was in Mumbai to address Congress party's poll rallies.
These ambitious projects are littered with every possible acronyms and include proposed road links, air connectivity plans, electricity grids and special economic zones on coasts, says Subhomoy Bhattacharjee.
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
'Even if the national security framework is to be threat-based, then the division of security threats between Pakistan and China is absurd. The two threats are one.'
Defence Minister Manohar Parrikar has asked the Indian Air Force to focus on safety and conservation of available resources as he interacted with top commanders in New Delhi just days after India decided to buy 36 Rafale jets.
With the Sensex again nearing 28,000 points, investors can make good returns with a one-two year horizon.
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