'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
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.
Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
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.
Consistent capital inflows and a recovery in local equities helped the local unit to trim initial losses
'The variables to watch include the monsoon, resolution of NBFC liquidity issues, GST collections, and NPA resolution.'
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Adequate dollar supply gave a boost to the local currency
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.
Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
The vote leaves Greece in uncharted waters: risking a banking collapse that could force it out of the euro.
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.
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.
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.
The women on the 17th annual Forbes Power List hail from 30 countries and were born across four generations.
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 'Rating Level 4' means that the financial market regulators have all regulatory measures "fully in force"
Gains in realty, teck, IT, power, consumer durables, banking and oil & gas stocks helped both the key indices to score gains.
Diamond merchant Nirav Modi on Wednesday lost his appeal against extradition on mental health grounds as the high court in London ruled that his risk of suicide is not such that it would be either unjust or oppressive to extradite him to India to face charges of fraud and money laundering. Lord Justice Jeremy Stuart-Smith and Justice Robert Jay, who presided over the appeal hearing at the Royal Courts of Justice earlier this year, said in their verdict that District Judge Sam Goozee's Westminster Magistrates' Court order from last year in favour of extradition was "sound". The leave to appeal in the high court had been granted on two grounds - under Article 3 of the European Convention of Human Rights (ECHR) to hear arguments if it would "unjust or oppressive" to extradite 51-year-old Modi due to his mental state and Section 91 of the Extradition Act 2003, also related to mental health.
