This is the biggest one-day fall in the rupee since August 3, 2016
As and when the GST comes in, Budget projections will have to be unbundled and revised. In fact, the pragmatic decision would be to present another Budget! This makes the passage of the Finance Bill with its multiple unrelated amendments seem even more dubious, says Devangshu Datta.
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
A leave vote means the future of Britain's financial services industry is now hanging in the balance.
A bleak demand outlook for steel in the domestic as well as global market is also another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters.
The proposals appeared so far apart that success seemed higly unlikely
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.
Premium valuations and lack of big triggers will weigh on Indian equity markets in the near term, believes Mahesh Nandurkar, India Strategist, CLSA.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
On gold buying occasions such as Akshaya Tritiya, Chiraj Mehta points out, investors are often confronted with the question: Should I make just a token purchase, or should I buy more towards building my allocation in the yellow metal?
The heatwave, brought on by a mass of hot air flowing north from Africa to Europe in recent days, has enveloped Spain, France, Belgium, the Netherlands, Switzerland and northern Italy, and is expected to last several days and extend further north.
The S&P BSE Sensex ended the session at 25,342, up 3 points while the Nifty50 closed at 7,738 points.
In these times of global uncertainty, be cautious in selecting the right market and fund.
The rupee depreciated further by 7 paise to 65.12.
Sensex falls at close; metals, banks perform well.
Greeks are split on whether to accept an offer by creditors that Prime Minister Alexis Tsipras calls a "humiliation"
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
Greece awoke with a political hangover on Thursday after parliament approved a stringent bailout programme, thanks to the votes of the pro-European opposition, amid the worst protest violence this year.
The dollar has fallen not just against commodity-linked assets but against other asset prices.
Governor Rajan can be more unambiguously pro-growth.
Neither India nor China will be badly affected by Grexit.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
Significantly, for the first time, the FATF put Myanmar in the "high risk jurisdictions subject to a call for action", often referred to as the watchdog's black list.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
Foreign portfolio investors have been net positive since the Union Budget
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
'Markets should be driven more or less by earnings growth.'
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
"Throughout our history we've learned this lesson -- when dictators do not pay a price for their aggression, they cause more chaos. They keep moving. And, the costs and threats to America and the world keep rising," Biden said addressing the joint session of the Congress in his first State of the Union.
If it goes ahead, the combination would create the world's biggest exchange by revenue.
Sweden has the world's highest negative rate.
Axis Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Sun Pharma, Reliance Industries, ONGC, HDFC, ICICI Bank, Kotak Bank and Bharti Airtel. On the other hand, Infosys, IndusInd Bank, HCL Tech, Nestle India and Tech Mahindra were among the laggards.
Athens has pushed two reform packages through parliament
Consequences of China's efforts to stabilise its equity markets after three weeks of declines, which wiped out some 30 per cent of the value is far more importance to the world, says Clyde Russell.
Exports dipped 1.6 per cent to 8.95 trillion yuan.
'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.
If you are planning for a long-term goal like your child's education in a foreign university, invest about 20% of your portfolio in foreign assets that can provide a hedge against the rupee's depreciation.
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