Broader market underperformed the headline indices
'Relations between India and Japan are robust and devoid of either shadow of history or any irritant.' 'In fact, there is plenty of warmth and goodwill earned over history. There are no negatives but only opportunities,' notes Dr Rajaram Panda.
A weak economy coupled with rising Covid-19 cases and inflation that is above RBI's comfort zone, geopolitical developments, and upcoming India Inc's second quarter results for FY21 could impact sentiment, analysts say.
In the year to date, 61 PSUs have lost an average of 22 per cent, with five companies losing more than half their share value. The BSE PSU index is down 10.6 per cent.
A feature of this year's BRICS summit was economic cooperation.
Brent crude prices fell to $57 a barrel on Monday from $62 a barrel.
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
The policy proposes a single-window platform for facilitation of the Indian software product industry, to help fast-track legal and regulatory issues over import and export, as well as setting up and winding up enterprises.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
This weakness is likely to continue in the near-term.
Tata Motors has halved the volume outlook for its UK subsidiary Jaguar Land Rover Automotive (JLR) and warned of lower earnings as it sees the semiconductor shortage deepening in the September quarter of the current financial year, according to a notification issued by the company to the stock exchanges on Tuesday. The announcement caught investors unawares. They were hoping for a quicker recovery. Tata Motors' stock tanked 13 per cent (on July 6) from the day's high of Rs 358.10 and hit the lower circuit (Rs 311.45) in intra-day trades.
China which rejected the verdict initiated by the Philippines petition has stepped up air and naval patrols to assert its controls over the region.
'Stick to the known quality names, avoid short term thinking and don't be in a hurry to book profits on your winners.'
India has been spearheading the campaign at international fora for automatic exchange of information with a view to check tax evasion.
'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.'
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".
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.
'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.
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.
He said the Fourth Industrial Revolution will have more importance than the capital.
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.
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.
Cascading effect of rising raw materials will result in inflation, high rates, slow capex
Economist Deepak Nayyar says economic openness, while necessary, is not sufficient, and is conducive to development only when combined with industrial policy.
BSE's, NSE's overnight liquid fund facility can help stock investors maximise returns
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
Experts hail Obama's India trip as a big step towards signing of imp trade agreements.
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.
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.
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.
Financial shares were among the top Sensex gainers along with auto and pharma shares.
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%.
The elephant in the room will permeate the conversations, predicts Rup Narayan Das.
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
