It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
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.
While Manmohan Singh had to deal with high oil prices, inflation and trade deficit, Narendra Modi is lucky as major threats have receded, says T N Ninan.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
OPEC's move to cut output has pushed up oil prices. From here it could go either way: oil could reach $100/barrel or an analysis of demand and supply might follow, say Abheek Barua & Bidisha Ganguly.
As regards India, market valuations already reflect most positives.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
The 30-share Sensex ended lower by 46 points at 27,842 and the 50-share Nifty slipped 17 points to trade at 8,378.
Indian policymakers are almost alone, alongside the United States, in seeking a hard and multi-sectoral global decoupling from China in the expectation that it will boost their economies, observes Mihir S Sharma.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Foreign Secretary Vinay Kwatra on Wednesday refused to speculate on whether the G20 foreign ministers' meeting would be able to come out with a joint communique against the backdrop of widening differences between the West and Russia on the Ukraine conflict.
Markets ended weak tracking the expiry of April derivative contracts.
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
Premium valuations and lack of big triggers will weigh on Indian equity markets in the near term, believes Mahesh Nandurkar, India Strategist, CLSA.
Exports dipped 1.6 per cent to 8.95 trillion yuan.
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
The market breadth, indicating the overall health of the market, was positive
The broader Nifty also succumbed to the pressure before recovering to close lower by 6.35 points, or 0.07 per cent at 8,693.05
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Governor Rajan can be more unambiguously pro-growth.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
The broader markets ended firm with mid-caps and small-caps gaining nearly 0.5 per cent on the BSE.
The dollar has fallen not just against commodity-linked assets but against other asset prices.
History would indicate that a recession is not that far off.
Pharma major Lupin and mortgage lender HDFC were the top losers.
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
Bank credit growth, still sluggish, could see a rise if the Reserve Bank of India decides to cut interest rates, believes Ashima Goyal.
ICICI Bank, HDFC Bank, IndusInd Bank down between 0.2%-1.4% each.
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
Fed is still concerned about weak export growth.
There was fresh selling of the American currency by banks and exporters
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
'Markets should be driven more or less by earnings growth.'
The rally in index heavyweight ITC has boosted the sentiment across the board.
The S&P BSE Sensex ended the session at 25,342, up 3 points while the Nifty50 closed at 7,738 points.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
Most Asian stock markets steadied on Wednesday.
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