Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
President Donald Trump has tapped Jerome "Jay" Powell to lead the US central bank, bypassing Janet Yellen for a second term despite praising her excellent management of the world's largest economy over the past four years.
'India resembles not just the more turbulent bits of its own past, but other 'managed' democracies, where all institutional strength and independence have been hollowed out to serve political power,' notes Mihir S Sharma.
'Today, bankers don't want to take risks as the good decisions taken by them were not protected.' 'There is risk involved in all decisions, like businessmen taking risks in their businesses.' 'A banker must have taken a decision when the economic condition was different, and you cannot question him on the basis of the present situation in hindsight.' 'Naturally, this has affected the morale of bankers.'
'Invest a part of your portfolio in a global currency that can't be printed, or meddled with -- gold,' suggests Chirag Mehta.
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
Market sentiment suffered a jolt after other Asian markets closed with widespread losses and European markets dropped in early trade
So far in 2019, India has been one of the highest recipients of foreign flows among Asian and Emerging Market (EM) economies
After making a larger-than-expected cut of 50 basis points on September 29, Rajan urged the federal government to do its bit to accelerate growth through structural reforms.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
The strike call by the Federation is to protest the alleged failure of the State Bank of India management to implement an agreement reached between them on service conditions of officers, it said in a statement.
Thus far in FY21, BSE, NSE have rallied 70 per cent and 71 per cent, respectively.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The US market regulator Securities and Exchange Commission was doing what it could to stem the flow. It temporarily prohibited naked short-selling in the securities of major financial players including Freddie Mac and its sister firm Fannie Mae in July. But this didn't really help. It was only after global central banks pumped in unprecedented liquidity into global markets, that the storm was finally calmed.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
The extraordinary admission on Tuesday came the same day as Trump's former campaign chairman, Paul Manafort, was convicted of five counts of tax fraud, two counts of bank fraud and one count of failure to disclose a foreign bank account. The jury was unable to reach a verdict on the remaining 10 counts, and the judge declared a mistrial on those charges.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
With the US housing and labour markets on the mend, the healing looks more durable, say RBS's Sanjay Mathur and Louis Kuijs.
'Rate cut should reiterate RBI's commitment in providing confidence to consumers and small business.'
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
The meeting will focus on how to make the crisis an opportunity for India.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
He is the first high-profile person who has deposed before the ED in this case.
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
The subsidy will be credited to bank accounts of farmers against cane price dues and are compliant with WTO norms. This will benefit millions of farmers in Uttar Pradesh, Maharashtra and Karnataka.
Top officials in key ministries, including finance and IT, are of the opinion that a sensitive payments system such as UPI should not be on a platform whose security is possibly compromised.
According to experts, work from home, volatility in stock markets worldwide, and redemption pressures compelled investors to defer new investment plans.
Global growth expectations have slumped to a five-month low.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
The agreement is subject to approval by the IMF management and consideration by its executive board, which is expected in early April.
Nifty PSU bank index dropped nearly 2%
Amid slowing growth and low interest rates, investors will need to focus on stock-picking, suggests John Remmert.
Patel is being questioned in connection with a money laundering probe related to losses suffered by Air India as part of an alleged multi-crore aviation scam.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
Maharashtra, the country's largest cane and sugar producer after Uttar Pradesh, had, over the past few years, weathered adverse market dynamics brought about by a domestic and global sugar glut, mounting arrears and muted exports.
Forex dealers said besides dollar's gains against other currencies overseas, increased demand from oil importers for the US currency put pressure on the rupee.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
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