'A positive oil shock has a detrimental effect on growth and activity.'
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
RBI fixed the reference rate for the dollar at 66.2930 and euro at 74.8978.
Bank shares were the top gainers led by ICICI Bank.
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
The government should not go in for an 'aggressive fiscal consolidation' in the upcoming Budget as global risks have not abated, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said on Wednesday. Goyal further said subsidies are expected to come down as food and energy inflation moderates. WPI inflation in food articles in November was 1.07 per cent against 8.33 per cent in the previous month.
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.
As regards India, market valuations already reflect most positives.
Rupee down 13 paise to 66.72 against dollar
Sensex slumped 518 points to end the day at 25,582 and the Nifty slipped 164 points to close at 7,623.
On Friday, the euro weakened to a near 14-month-low against the dollar, after the European Central Bank announced a fresh round of stimulus and promised more if required.
Budget was a mild disappointment. Yet, the bull run continues.
In the United States, economic data is likely to take a back seat next week.
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.
Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
Consistent capital inflows and a recovery in local equities helped the local unit to trim initial losses
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
'The variables to watch include the monsoon, resolution of NBFC liquidity issues, GST collections, and NPA resolution.'
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Adequate dollar supply gave a boost to the local currency
Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.
Many countries advised the return the high-denomination notes to the central bank for destruction, but these continued to be legal tender. This and the introduction of a new Rs 2,000 note in India are the two major differences between Indian demonetisation and those of other countries.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
The vote leaves Greece in uncharted waters: risking a banking collapse that could force it out of the euro.
Total holdings of the top eight gold ETFs have risen by 3.8 million ounces so far this year
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.
India's GDP for the three-month period ended September 30 grew 7.4%.
This is the 2nd lowest amount of funds held by Indians.
For the year as a whole the price is expected to average $1,270, which compares with the year-to-date average of $1,289.
Energy Minister Panagiotis Lafazanis and Deputy Labour Minister Dimitris Stratoulis also voted against the package.
Plenty of other factors are likely to keep a lid on prices.
The rupee has lost 37 paise or 0.55 per cent in two days.
EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to extend vital credit lines to Athens.
The women on the 17th annual Forbes Power List hail from 30 countries and were born across four generations.
The 'Rating Level 4' means that the financial market regulators have all regulatory measures "fully in force"
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.
Gains in realty, teck, IT, power, consumer durables, banking and oil & gas stocks helped both the key indices to score gains.
This is the biggest one-day fall in the rupee since August 3, 2016
