The market is clinging to support above the 8,000 mark and hitting resistance above 8,150.
RBI might not cut rate on June 2 but will surely cut soon.
The US Fed on May 24 hinted at withdrawing its third round of quantitative easing, or bond buying programme, worth $85 billion each month, which began in the wake of the worst credit crisis in September 2008.
Tata Motors was the biggest gainer in the Sensex pack, rallying 2.94 per cent. It was followed by Vedanta, Bajaj Finance, Sun Pharma, ONGC, ICICI Bank, Bajaj Auto, Tata Steel, RIL, HDFC duo, L&T and SBI, rising up to 2.78 per cent.
Concerns related to capital outflows in the aftermath of the first US interest rate hike in nearly a decade predominantly weighed on the rupee trade.
'My sense is that we should be braced for a correction.' 'It has already begun in the mid-caps for the past month, and will now spread to larger stocks as well.' 'Use the correction to upgrade the quality of your portfolio,' advises Akash Prakash.
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.
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
Rupee will weaken against the dollar in next 12 months, says Reuters poll.
FIIs pump in $1.4 billion in March, after pulling out $2.9 billion in Jan-Feb.
Who benefits, who loses from the rising rupee, while a boon for travellers and students, exporters may find themselves facing a greater disadvantage.
Gold is often considered a 'hedge' against an economic uncertainty.
'It was the Supreme Court's order (recommending changes in the SC/ST Act).' 'Isn't it wrong not to accept even the court's order?' 'Are you bigger than every institution?'
Experts advise investors to buy at lower levels in the next few months and sell at the higher end of their range in the second half, reports Rajesh Bhayani.
Revising inflation forecast upwards would be positive
The dollar moved higher, while prices for US government debt fell, as traders ramped up bets the Federal Reserve would raise interest rates in March
The Indian currency had appreciated by a whopping 85 paise in three-day surge
Singh asserted that the people have made up their minds to vote out the government
Though valuations have moderated, they are still above average.
'The probability of another negative year in 2019 is low.'
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?
Experts said a future rate cut would depend on the inflation.
US Fed rate rise raises risk of further drying up of FII flows.
Foreign fund flows into and out of the domestic sharemarket will continue to be key for the rupee's fortunes.
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
New Reserve Bank of India chief makes his first monetary policy statement on Friday with expectations he may scale back some of the emergency measures that have helped the rupee bounce from a record low.
Sarabjit Singh Khalsa, son of Beant Singh, one of the two assassins of Prime Minister Indira Gandhi, joined the Bahujan Samaj Party in Fatehgarh Sahib in Punjab on Sunday.
So far, India has attracted over $20 billion in the debt segment, thanks to the rate differential.
The central bank operationalised these special windows on September 4 to prop the rupee which had fallen close to 30 per cent between April and August.
In a surprise decision, Ankita was left out of the financial assistance scheme despite being India's top-ranked player. The Sports Ministry included second-highest ranked player Karman Kaur Thandi and Prarthana Thombare apart from seasoned Sania Mirza for Rs 50,000 monthly allowance.
RBI would get the comfort of meeting its 8 per cent January Consumer Price Index-based inflation target, BofA-ML said, adding that 'we expect the RBI to cut 75 bp in 2015 from February with inflation on course to 6 per cent in January 2016'.
Slowing economy, election-related uncertainty and tighter monetary conditions pose risks for Indian markets and the BSE index, Sensex, is likely to hover around 20,250 by the end of this year.
'Demonetisation will push India onto a higher growth path after a temporary dip.'
History would indicate that a recession is not that far off.
The rupee appreciated by 10 paise to close at a nearly six-week high of 60.29 against the US dollar in the previous session tracking a solid rally in local shares and continued dollar selling by exporters and some banks.
The partially convertible rupee closed at 61.2350/2450 per dollar compared with 61.31/32 on Tuesday.
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
