All members of the Monetary Policy Committee (MPC) -- Shashanka Bhide, Ashima Goyal, Jayanth R Varma, Mridul K Saggar, Michael Debabrata Patra and Shaktikanta Das -- had unanimously voted to keep the policy repo rate unchanged at 4 per cent after the three-day meet of the panel earlier this month. Further, except Varma, other members voted to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. Varma expressed reservations on this part of the MPC resolution, according to the minutes.
'Although Hong Kong weathered many a storm and displayed a remarkable resilience to bounce back, the developments in the territory have raised question marks with regard to its future stability and prosperity.' A revealing excerpt from Rup Narayan Das's Hong Kong Conundrum: Pangs of Transition.
Sara Ali Khan is definitely a chip of the old block and Bollywood. The abandon in her dance, the candour in her histrionics, a combination of the ada and attributes of Rekha and Madhuri Dixit all rolled in one, she is like an old soul in a contemporary body, applauds Sukanya Verma.
The price for pushing the envelope beyond the comfort zone that the land of storytelling is used to is a hefty one, observes Meghna Chadha.
Gehraiyaan seems to be aurally thin, which serves as a clue to the larger issues plaguing the movie, observes Rohit Sathish Nair.
Bharti Airtel was the top gainer in the Sensex pack, rallying around 11 per cent, followed by ONGC, UltraTech Cement, ITC, PowerGrid and NTPC. On the other hand, IndusInd Bank, Reliance Industries, L&T and SBI were among the laggards.
Banerjee, speaking at a rally at Sahaganj in Hooghly district, also said Modi and Home Minister Amit Shah are spreading lies and hatred throughout the country.
Indian equity markets are likely to witness volatility this week due to concerns over rising cases of coronavirus and expiry of derivatives contracts, analysts said. Further, progress surrounding the COVID-19 vaccine, related updates, US stimulus talks and global cues would dictate the market trend, traders said. "Going ahead, the market is likely to be volatile as sentiments oscillate between fear of rising COVID cases globally and optimism over vaccine progress. Investors would closely watch out development over the US stimulus talks," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
M&M was the top laggard in the Sensex pack, cracking over 4 per cent, followed by Axis Bank, IndusInd Bank, Hero MotoCorp, Sun Pharma and ICICI Bank. On the other hand, Bharti Airtel, Asian Paints, Tata Steel, NTPC, HUL and Reliance ended with gains.
Gohil, who is also one of the party's national spokespersons and a Rajya Sabha member from Gujarat, made the disclosure on his official twitter handle. 'Due to personal reasons, I have requested our party high command to allocate me lighter work for next few months and to relieve me ASAP as #Bihar in charge,' Gohil tweeted, tagging his party, its units in Bihar, Gujarat and Delhi besides a number of colleagues.
RIL plunged around 4% after scaling its life-time high of Rs 1,978.50 as investors rushed to book profits after the company's AGM. Bharti Airtel, ONGC, IndusInd Bank, Bajaj Finance and SBI were also among the laggards. On the other hand, shares of Infosys rallied around 6 per cent ahead of its quarterly earnings. HCL Tech, TCS, Tech Mahindra, Axis Bank and HUL too ended with robust gains.
Cautious optimism over US-China trade talks after US President Trump said his trade negotiators had received two "very good calls" from Beijing also influenced the local currency, dealers said.
'He could indeed survive [the no confidence vote] even as he faces his biggest political test.'
ONGC was the top gainer in the Sensex pack, rallying over 13 per cent, followed by HCL Tech, Hero MotoCorp, NTPC, TCS, M&M, Infosys and Maruti. NSE Nifty soared 306.55 points, or 3.21 per cent, to 9,859.90.
All Sensex components ended in the red. SBI was the top loser, followed by ONGC, Axis Bank, ITC, Titan, Bajaj Auto, TCS and IndusInd Bank.
The S&P BSE Sensex rose 486 points to close at 26,367.
IndusInd Bank was the top laggard in the Sensex pack, sinking over 12 per cent, followed by Bajaj Finance, ICICI Bank, Axis Bank, M&M, Tata Steel, ONGC and Maruti. On the other hand, Bharti Airtel, Hero MotoCorp and Nestle India were the gainers. NSE Nifty plummeted 280.40 points, or 3.03 per cent, to 8,981.45.
'Having teams, support staff and everyone else associated with the game wandering around the country, playing games of cricket, but you can't let people into the grounds. I just can't see it happening.'
After swinging 439 points during the day, the 30-share Sensex ended 141.33 points, or 0.38 per cent, lower at 37,531.98. It hit an intra-day low of 37,480.53 and a high of 37,919.47.
The stakeholders' sentiments for a shorter period fell from 63 in Q3 2014 to 48 in Q3 2015.
'How will they give me permission to die when there are many others in conditions worse than mine?'
The country's manufacturing sector activity grew at the slowest rate in four months during March, hampered by softer rises in new business as international demand faltered owing to the coronavirus pandemic, a monthly survey said on Thursday. The headline seasonally adjusted IHS Markit India Manufacturing PMI fell to 51.8 in March, from 54.5 in February, signalling the slowest improvement in business conditions since November 2019. This is the 32nd consecutive month that the manufacturing PMI has remained above the 50-point mark.
Experts are of the opinion that though digital services hold the future, the companies are likely to take a hit during the transition period.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
E-commerce firms Amazon, Flipkart, and others are expected to witness blockbuster festival season sales of around $9 billion this year, surpassing pre-pandemic sales of $5 billion in 2019. The pandemic has accelerated the shift to e-commerce, with more consumers shopping online at a higher frequency than last year, observed analysts. This year's festival sales (gross merchandise value or GMV) are expected to grow 30 per cent year-on-year (YoY) to $4.8 billion during the first week of the season and potentially clock over $9-billion GMV during the whole festival month, revealed consulting firm RedSeer's e-commerce festival season report.
Tata Steel and Axis Bank were among the top gainers in the Sensex pack, surging up to 6.67 per cent following their March quarter results.
'My father is a postman. My mother is a homemaker. No one in my family had studied medicine.' 'I wanted to be the first doctor in my family so I could listen to people like me and help them feel better about themselves,' says Archana Vijayan, an MBBS student with a disability, who was initially denied admission into medical school, even after passing the NEET twice.
8 instances when Indian movies and Web shows were neck deep in trouble!
Once the 21-day lockdown is lifted, which may happen in phases, those who have been contemplating purchasing a car may actually do it, said analysts. Thanks to social distancing norms and rising hygiene awareness, daily commuters may ditch public transport and shared mobility solutions like Ola and Uber. Many are likely to prefer the confines of a car over roughing it up in crowded public transport services such as a metro, local sub-urban trains and buses, they said.
Abhishek Bachchan's sneering expression is ill-quipped to convey the confidence of a wheeler-dealer. Those frequent bouts of muahaha make it worse. So much worse, says Sukanya Verma.
IndusInd Bank was the top gainer in the Sensex pack, rallying over 6 per cent, ahead of its earnings announcement. Axis Bank, Kotak Bank, ICICI Bank and Bajaj Finance too surged up to 5 per cent. On the other hand, NTPC, M&M, HDFC Bank, Bharti Airtel and ITC were the laggards.
"The Supreme court allowing us to contest election is important to us. We welcome it... We are politicians... This verdict is important to us," disqualified Janata Dal-Secular MLA from Hunsur A H Vishwanath told reporters in New Delhi.
In the Sensex pack, gainers included HCL Tech, SBI, ITC, Bharti Airtel, Sun Pharma, Yes Bank, Axis Bank, TCS, Asian Paints, ICICI Bank, TCS, Bajaj Finance and Infosys, jumping up to 3.84 per cent.
This year is set to be the third consecutive year when India's share of IPOs has fallen relative to the rest of the world.
Indian firms have seen a significant fall in orders in the year-to-date period.
Stocks smashed previous records as the Sensex on Thursday raced to close at a fresh high of 30,750 zooming 448 points.
Bajaj Finance was the top laggard in the Sensex pack, slumping over 10 per cent, followed by M&M, Titan, Hero MotoCorp, ICICI Bank and Tech Mahindra. On the other hand, L&T, Bharti Airtel, IndusInd Bank, UltraTech Cements and NTPC were among the gainers.
The stock markets, which had opened in the green on rate cut hopes, tumbled after the monetary policy announcement.
'The response to savagery and mass injustice is never a persistent howl.' 'There will be, among the victims, those who choose to forget the scars, those who go on living, those who challenge the overall environment of sentimentality.' 'And the more effort you put into including these other voices, into assimilating these spoilsports, the more balanced your depiction of the tragedy in question will be,' observes Sreehari Nair.
A sharp decline in crude and strengthening of the rupee added to the buoyancy.
