Significant investors in government bonds FIIs have been net sellers since May 22.
The continuation appeal hearing in the extradition case of Nirav Modi, the fugitive diamond merchant wanted in India to face charges of fraud and money laundering amounting to an estimated $2-billion Punjab National Bank (PNB) scam case, is listed to be heard in the high court in London on June 28. The 51-year-old diamond merchant had lodged an appeal against his extradition order on mental health grounds. "The hearing is listed for the 28th June," confirmed the Royal Courts of Justice administrative office last week.
Modi is ranked fifth on the 2015 roster of 'World's Greatest Leaders' with Satyarthi coming in at the 28th spot.
Here's a collection of some of the best photos, taken last week, from around the globe.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
Rediff.com presents a selection of the year's most enduring moments year from around the world
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
Heavy dollar selling by banks and exporters alongside debt-related inflows largely supported the rupee
The British pound was down nearly 9 per cent in early morning trade.
Gold is often favoured as a hedge against economic and financial uncertainty
This is contrary to the expectations of a majority of analysts predicting for another hike given the rise in inflation lately, including domestic ratings agency Icra
It's difficult to understand if GDP growth has actually improved.
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
For investment bankers, a Brexit vote is more than just about volatile prices on a screen but also about where they may end up working and living.
The index had risen over 585 points in the previous three sessions.
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.
'...and defensive until the global macro headwinds turn more benign.'
The high court in London on Tuesday began hearing evidence from two leading experts in the field of psychiatry to determine the level of suicide risk faced by Nirav Modi if he is extradited to India to face charges of fraud and money laundering, amounting to an estimated $2 billion in the Punjab National Bank (PNB) loan scam case. Lord Justice Jeremy Stuart-Smith and Justice Robert Jay heard from Andrew Forrester, Professor of Forensic Psychiatry at Cardiff University, and Seena Fazel, Professor of Forensic Psychiatry at Oxford University, in the final stages of the extradition appeal being pursued by the 51-year-old diamond merchant. The two psychiatrists weighed up Nirav's level of depression, which could pose a "substantial" or "elevated" risk of suicide.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
Since 2005, in 8 out of 10 years (except in CY11 and CY14) the benchmark indices have given positive returns in December.
Most Asian stock markets steadied on Wednesday.
Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
Emerging markets and Asia may be first in the firing line
Given the relative rates of gross domestic product growth, the differential will increase.
He added that the risks can increase if the Chinese slowdown gathers more speed.
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Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.
Nifty crosses 9,750-mark; Bharti Airtel, TCS, Wipro, Lupin and Coal India gained the most on BSE Sensex
Ajit Balakrishnan on understanding the anti-cash chorus.
A widening probe by US authorities involving top drug companies following complaints of price fixing of generics was a point of worry for the participants, said analysts.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
The market breadth, indicating the overall health of the market, was positive
The High Court in London on Tuesday began hearing Nirav Modi's appeal on the grounds of his mental health against extradition to India to face charges of fraud and money laundering, amounting to an estimated $2 billion in the Punjab National Bank (PNB) loan scam case. Lord Justice Jeremy Stuart-Smith and Justice Robert Jay presided over the hearing at the Royal Courts of Justice to determine whether District Judge Sam Goozee's February ruling in favour of extradition was incorrect to overlook the diamond merchant's "high risk of suicide". The court heard of an additional assurance from the Indian authorities on November 13, which reiterates previous commitments of adequate specialist medical care and an ambulance at hand were Nirav to be extradited to Mumbai.
The meet will focus on the recent global economic developments, challenges and collective measures to address them
Mixed global cues and decline in crude oil prices further dent the sentiments.
'I am not optimistic about the global economy for the next couple of years.'
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