Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
'Otherwise, how is the government going to make more revenue?' 'The most important thing the GST does is to transfer money from the household consumers who are the most productive users of capital to the most unproductive users of capital, namely the government.'
Modi's'Make in India' drive launched last September included laying out a model of "port-led" development that would support industrial growth.
The India government needs to work on policies that can enhance global trade.
Prime Minster Narendra Modi's op-ed in the German daily Frankfurter Allgemeines talks about development, New Age India and his 'Make in India' campaign. Here's the complete text of the column.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
'If the Indian economy formalises, industrialises, urbanises and develops human capital, 10 lakh youngsters will join the labour force every month in the next 10 years.' 'It's not a bulb that will go off; it is a sunrise.'
'There is a trade in goods, a lot of tariff.'
'Shooting is number one.' 'Archery, wrestling, badminton and boxing.' 'These are the five where we stand the best chance of winning a medal.'
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The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
Raamdeo Agrawal says, an investor should figure out if the company actually makes money or not, making an investment comes later.
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