Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
The fact that the US recovery needs an elaborate defence suggests that things are far from certain.
Most experts said indices would open higher on Monday and rally might sustain for a few sessions
As regards India, market valuations already reflect most positives.
Global currency market sentiment is likely to be driven by the US deficit and debt ceiling negotiations, with markets likely to turn more risk averse closer to October 17, the date by which the US Congress must approve raising the country's borrowing limit.
Nearly half of the 20 indexes polled globally are now expected to end the year lower than where they started
Earnings growth is expected to accelerate as lingering toxic effects of note ban ease off and GST settles down. However, stock valuations are high and that means market is also overdue for correction, says Devangshu Datta.
News of all that's transpired on and off the football field
International education consultant NNS Chandra shares his advice.
Stability in currency markets was only restored from September.
This is the lowest investment grade rating.
Power crisis has deepened in Uttar Pradesh with closure of one more unit of Anpara thermal power project due to a technical snag, prompting Chief Secretary Alok Ranjan to ask officials to find a solution to meet electricity shortage in the state.
'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'
The failure to reform has meant that there is no buzz about job opportunities, or about urban opportunities enticing young people off the farms. And it is this failure that has contributed to the widespread disappointment that threatens to make the next general elections closer than expected, says Mihir S Sharma.
Demonetisation will wipe out the likely benefits of a good monsoon this year, says Christopher Wood of CLSA.
Global markets could correct 5-10 per cent. If that happens, Indian markets will correct about 10 per cent
Analysts expect global markets to remain in consolidation mode with a negative bias over the next six months.
While the latter is being viewed as a greater concern, the former may gain prominence in the next few weeks.
Sensex ended strong, Tata Steel, HUL climb higher.
Given the volatility of the global marketplace, India is already on a strong wicket and well poised to provide a lucrative option to foreign investors.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
Europe's largest carmaker had previously admitted to installing cheat software on up to 11 million vehicles worldwide with smaller diesel engines.
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
The S&P and Dow dipped the most in a day since September 28.
With a rise of around 30 per cent in the benchmark index S&P BSE Sensex, 2014 has been the best year for Indian equity markets since 2009, when the benchmark index surged 81 per cent.
At a time when major economies have increased spending, India will have to do the same.
India Inc on Wednesday said it looked forward to the new RBI Governor Raghuram Rajan initiating cut in interest rates and improving credit flow to crucial sectors like infrastructure to put economy back on high-growth path.
Besides foreign flows, corporate earnings and US Federal Reserve chief Janet Yellen's testimony to the nation's legislature are also likely to impact investor sentiment.
'When I met the prime minister on November 15 there was no RBI report with the prime minister as to why this was done.' 'When I asked the PMO officer about this, he said the RBI did not bring this to the PM and did it independently.' 'When I asked how could the RBI ban DCCBs from accepting deposits from farmers in old notes when the government gazette released on November 9 allowed them to do so, this officer told me that not even senior PMO officials had any idea about this RBI ban.'
Uttarakhand was a tragedy that none of us will forget. As experts analysed the tragedy, it became clear that the disaster was more man made. The intergovernmental panel on climate change in its Assessment Report 5 states that human influence on the climate system is clear and this is evident from the increasing greenhouse gas concentrations in the atmosphere, positive radiative forcing, observed warming, and understanding of the climate system.
'India's sizeable forex reserves should help stem a possible fall in our currency.'
By tying gold imports directly to export volumes, India is effectively trying to cap how much bullion can be brought into the country, tightening supplies and driving up local prices.
The organisers of the much-anticipated Indian Premier League-style football league decided to defer the proposed tournament to September-November next year instead of early 2014.
So who stands to benefit the most by a weak Opposition? What's behind the sudden public spat between the two parties?
'Information highways are getting stronger and being strengthened.' 'Occasionally, accidents could occur. But do you stop constructing highways because two motor cars collide?'
Demonetisation, Donald Trump's surprise victory in the US presidential elections, and the fear that US Fed may hike rates in the upcoming policy review in December have dented market sentiments, report Puneet Wadhwa & Deepak Korgaonkar.
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.
A summary of sports events and sports persons, who made news on Friday
Capital flows have become much more skittish and volatile during this period, with short-term horizons dominating allocations.
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