China which rejected the verdict initiated by the Philippines petition has stepped up air and naval patrols to assert its controls over the region.
India has been spearheading the campaign at international fora for automatic exchange of information with a view to check tax evasion.
Given the developments, analysts expect fiscal and monetary support from the government and RBI to revive sentiment. However, recovery, they say, from these levels will be slow and painful.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
BSE Midcap and BSE Smallcap indices hit their fresh lifetime highs for the second day in a row
Investors turn their attention to export-driven sectors.
BRICS countries may reach consensus at next month's G20 summit on creating a $100 billion currency reserve fund to help ease short-term liquidity pressure and safeguard financial stability of major emerging economies, a senior Chinese central bank official said.
United States Defense Secretary Chuck Hagel will visit New Delhi next week during which he will hold talks with his counterpart Arun Jaitley and other top officials, aimed at "nurturing" ties with India after the formation of the new government, a top Pentagon official has said.
Asserting that while trade between India and Norway has been expanding but there is significant potential waiting to be realised, he said, "The new government is taking a number of measures to encourage investments, revive the manufacturing sector in India, promote skill development, develop smart cities and engage closely with all interested partners and investors in India and abroad to make this happen".
He said the Fourth Industrial Revolution will have more importance than the capital.
Economist Deepak Nayyar says economic openness, while necessary, is not sufficient, and is conducive to development only when combined with industrial policy.
The elephant in the room will permeate the conversations, predicts Rup Narayan Das.
'The past year has yielded extraordinary results in the strategic, commercial, and people-to-people components of the India-United States partnership, US Ambassador to India Richard Rahul Verma tells Aziz Haniffa/Rediff.com in an exclusive interview.
The BRICS summit made clear that China's support for Pakistan is unwavering. China will continue to pressure India to ease tensions with Pakistan and resolve the Kashmir dispute.
Cascading effect of rising raw materials will result in inflation, high rates, slow capex
The banned Chinese apps, which include TikTok, Shareit and UC Browser, earn revenue mainly from online advertisements, subscriptions, and commissions for selling products. India is the biggest driver of these Chinese apps due to the population. The ban on the 59 Chinese apps will negatively affect the valuations of the companies, especially those going for IPO.
The Indo-US defence relationship may now get personal attention with strong India-backer Ashton Carter today being nominated by President Barack Obama for the key post of the defence secretary.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
BSE's, NSE's overnight liquid fund facility can help stock investors maximise returns
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
While three of the top five FPIs - Capital, Government of Singapore, and Vanguard - have seen their investment value more than triple, India's benchmark indices have risen just 70%.
Experts hail Obama's India trip as a big step towards signing of imp trade agreements.
Financial shares were among the top Sensex gainers along with auto and pharma shares.
According to HSBC, the volatility in Indian markets since May can be attributed to the initial talk about tapering of bond purchase by the US Federal Reserve but the catalyst for recent volatility in Indian equities was when policymakers decided to tighten liquidity to stem capital outflows.
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
The prime minister said that India has invited Germany to take advantage of opportunities in defence production in the defence corridors in Uttar Pradesh and Tamil Nadu.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
'Today, if the international community is seeking space, if not place, here, then the message is not unclear in any which way. 'It does not reflect well on the nation's standing in the international arena, where human rights issues go a long way in building bilateral relations and benefiting from international cooperation, more than any aspect of politics and diplomacy,' N Sathiya Moorthy.
Barclays, the global brokerage firm, also stated that the election verdict could lead to a weakness in the stock market.
'Chinese companies have acquired stakes in 13 ports in Europe, including in Greece, Spain and, most recently, Belgium.' 'Those ports handle about 10 percent of Europe's shipping container capacity,' points out Ambassador M K Bhadrakumar.
Sun Pharmaceutical Industries will take a call on whether to shut Ranbaxy's troubled factories or make changes in the top management of the latter only after its $4-billion acquisition deal is complete.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
The US election campaign has provided plenty of ammunition for the CCP to make its case that its political system is superior.
Boeing expects the IAF to soon place an inquiry for twin-engine fighter jets to bridge a 200-aircraft gap in its armoury. And the Super Hornet is ready to fly in.
'Both Japan and China face a common challenge: How to deal with Trump.' 'The trade war with the US seems to have facilitated/hastened Abe's China visit, the first by a Japanese prime minister since 2011,' points out Dr Rajaram Panda.
Hindu and Sikh leaders will share stage with Pope Francis during a prayer service in New York
Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
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