Traders are waiting for the earnings season to kick off.
Markets staged a smart recovery in late trades to end higher on Tuesday, amid firm global cues, led by index heavyweights ITC and Reliance Industries.
'India is possibly the most fiscally constrained market in the region.'
The silver lining is that a pick-up in the US economy could help emerging market exports.
While enjoying long-awaited economic good times - and hoping they will last as long as possible - some caution and some prudence might be the best protection against bad surprises, says Claude Smadja.
NTPC was the top gainer, spurting 4.28 per cent. Other winners were Bajaj Auto, Bajaj Finance, Sun Pharma, ITC, Hero MotoCorp, TCS, Yes Bank, HDFC, HDFC Bank and SBI, rising up to 1.38 per cent.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
Policymakers should aspire to restore the pre-Independence environment where the rupee was trusted and used all over South Asia, in Southeast Asia, in West Asia, and in East Africa, suggests Ajay Shah.
Barry Eichengreen, professor of economics and political science, University of California, Berkeley, analyzes the transparency of the Reserve Bank of India, the growth rate of the Indian economy and why he feels globalisation can never be rolled back.
The rupee's strength has had an overall negative effect on merchandise trade
The improving earnings and economic outlook has titled the scales back in favour of Indian equities this year, reports Pavan Burugula.
Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
Sensex lost 184 points to trade at 23,878 and the Nifty has dropped 55 points to quote at 7,254.
Metals bucked the trend and shone across the board.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
L&T, ONGC and banking scrips power gains in today's trade
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
United States President Joe Biden will travel to India from September 7 to 10 to attend the G-20 Leaders' Summit during which he will discuss with other leaders a range of global challenges, including the Ukraine conflict, the White House announced on Tuesday.
Not only is gold a hedge against currency depreciation, rising crude prices and uncertainty, it is up 7 per cent (in dollar terms) in the past 12 months, says Devangshu Datta.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
Economic recovery is well under way in some advanced economies.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent
The BSE Mid-Cap index was currently up 0.81%.
Without some firmer pledge of debt relief, neither Greece nor the IMF is likely to accept a deal
Adequate dollar supply gave a boost to the local currency
Sweden has the world's highest negative rate.
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
Unless there is a sharp uptick in oil prices, Fed may push back rate hike
India needs foreign exchange buffer reserves to insulate itself from exchange rate volatility as we have "no friends" for swap lines and Japan was the only country that helped during the taper tantrum in 2013, former RBI Governor Raghuram Rajan said on Tuesday. Participating in a virtual event organised by economic think tank NCAER, Rajan said during the taper tantrum in 2013, India asked for swap lines, and only country who helped was Japan. "We need this (foreign exchange) reserve buffer to insulate ourselves because we have no friends.
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
Bank shares were the top gainers led by ICICI Bank.
Sensex slumped 518 points to end the day at 25,582 and the Nifty slipped 164 points to close at 7,623.
The 'Rating Level 4' means that the financial market regulators have all regulatory measures "fully in force"
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