'We expect the bull run to continue until economic growth continues.'
Against the backdrop of Bharatiya Janata Party's prime ministerial candidate Narendra Modi's unrelenting attack against Sonia Gandhi and Rahul Gandhi, Prime Minister Manmohan Singh on Saturday hit back at the BJP, saying the use of "bad" language against political rivals did not bring any dignity to the opposition party.
Christine Lagarde warned of a repeat of high market volatility.
Dr Reddy's was the top gainer in the Sensex pack, rising over 3 per cent, followed by PowerGrid, TCS, HCL Tech, Infosys and Reliance Industries. On the other hand, L&T, IndusInd Bank, Bajaj Finserv and Bharti Airtel were among the laggards.
Experts believe volatility is here to stay for some time, at least till China stabilises and clarity regarding the US Fed's interest rate move emerges.
'Earlier-than-expected tapering from the US, followed by rate hikes, and locally, a potential third wave, which mimics the second wave in terms of severity.'
It is not clear as to whether we are in a bubble in technology stocks. What is clear, however, is that there is no reason why this potential bubble will pop anytime soon, notes Akash Prakash.
India's numbers have shown a reasonable amount of improvement.
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
'If the Union Budget can provide incentives for animal spirits to come as well as induce demand stimulus and consumption, the Budget would have done a wonderful job.'
"Due to the COVID-19 pandemic, its implementation got delayed. But as the situation is slowly improving, the work has started. The rules are now being framed and CAA will be implemented very soon. Under this act all the eligible people will definitely get Indian citizenship," Nadda told the social groups, who included Dalits, Gorkhas, Rajbanshis and other tribes.
Given the uncertainties around gold's future course, stagger your purchases and buy on declines, says Sanjay Kumar Singh.
Gains in realty, teck, IT, power, consumer durables, banking and oil & gas stocks helped both the key indices to score gains.
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
'India is possibly the most fiscally constrained market in the region.'
All Sensex components ended in the red. IndusInd Bank was the top loser, followed by Tata Steel, HDFC, ICICI Bank, Axis Bank, Infosys and ITC. According to traders, volatility heightened in global markets as US Federal Reserve's interest rate cut stoked concerns over an impending economic recession.
The rupee had lost 21 paise on Tuesday's trade.
The US Federal Reserve has decided to keep its stimulus programme intact and this in turn will lead to some respite for the battered emerging market economies, but it should also be borne in mind that tapering is inevitable in the medium term.
Use cases for drones are, however, immense - industrial inspections, geospatial surveys, agricultural surveys, and general surveillance and security.
The trinity of rising stocks, rising yields and rising dollar since Donald Trump's election has already faced a setback.
Investing in the US market provides Indian investors a hedge against the rupee's long-term tendency to depreciate against the dollar.
The tiny Central American nation of El Salvador has embarked on an interesting experiment by recognising bitcoin as legal tender. This is proving painful for many of its citizens but it's a useful "pilot" project for larger economies that are contemplating the peculiarities of this new asset class. El Salvador has a population of 6.5 million and GDP of about $27 billion.
While enjoying long-awaited economic good times - and hoping they will last as long as possible - some caution and some prudence might be the best protection against bad surprises, says Claude Smadja.
RBI Governor has been under pressure from Finance Ministry.
In response the BRICS - Brazil, Russia, India, China and South Africa - have taken steps to strengthen cooperation such as setting up a joint development bank
RBI's intention to keep its target inflation rate at 5% was the main reason behind keeping rates unchanged, says Adhil Shetty, CEO of BankBazaar.com.
While Governor Das was sanguine on government walking the fiscal prudence path--which was missed three out of the five budgets of the Modi government--Acharya pointed to the fiscal slippages as a worry.
The latest trends show that the Congress is leading in the Bharatiya Janata Party-ruled states of Rajasthan and Chhattisgarh, while it is locked in a close fight in Madhya Pradesh. However, leaders from both, the Congress and the BJP, have kept their fingers firmly crossed till the final results were announced. Leaders voiced their opinion on the results as they continued to stream in.
The central bank had revised its inflation forecast significantly downward in the last policy
Market participants must appreciate that staying cautious is a virtue for central bankers and should not expect a sudden reversal in the formal monetary policy stance.
From its March 2020 low, Bitcoin has gained a massive 474 per cent and has surged 214 per cent year-to-date.
Movements in gold prices will depend on the US' interest rates.
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.
The Indian markets look extremely stretched. The Sensex valuations have gone up 19.28 per cent to 26 per cent since the lows triggered by the sub-prime crisis two months ago. Taiwan and Kospi, on the other hand, have not changed much. A Citi group report suggested that the RBI might hike CRR rates to suck out excess liquidity from the system. An increase of one per cent would draw out $7 billion from the system.
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The broader consensus was that the Fed would cut the monthly stimulus of $85 billion by $10-15 billion.
Kiss your 1040 goodbye and escape Uncle Sam in these stylish spots.
As FY20 Budget fiscal measures need to be better understood, a reversal of the stance back to neutral will allow MPC flexibility to respond to incoming data.
Insufficient rainfall will have a negative impact on the economy.
So, what's the problem if our present is screwed up when the future promises to be profitable? It's an Indian habit, notes Shyam G Menon.
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