Buying activity was so strong that all the sectoral indices except IT and technology ended in the green, rising by up to 3 per cent
Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.
Supported by slightly stronger global growth, improving export competitiveness and implementation of recently approved investment projects, India's growth is expected to recover from 4.4 per cent in 2013 to 5.4 per cent in 2014, the IMF said.
About railways sector, the Survey said that it is facing stiff competition from other modes of transportation and the government is initiating various transformative measures to keep railways on track.
The economic growth is likely to moderate to 6.1 per cent, slowest in over seven quarters, from 6.6 per cent last year same period.
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
Rural slowdown may delay growth in the economy.
'What amazes me the most is that today users communicate with voice-activated speakers like as if they were talking to another human being, using words like "please," and "thank you," and even "sorry"!', says advertising guru Sandeep Goyal.
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
The question is whether the Indian economy has the advantage of other vibrant sectors that can step up their performance on the exports front, says A K Bhattacharya.
'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
The Indian economy is likely to benefit from tailwinds from both monetary and fiscal policy in the coming month
Domestic companies are going slow on expat hiring while sharpening their focus on getting Indians with requisite global experience, and this trend is likely to continue for two more years, HR experts say.
'India's sizeable forex reserves should help stem a possible fall in our currency.'
Global studios and indie content shops tap into the growing fan base for movie and TV characters in India, report Arundhuti Dasgupta & Urvi Malvania.
Silver prices have fallen by eight per cent in 2015 to Rs 34,290 a kg.
According to Japanese financial services major Nomura, despite slowing external demand, the domestic growth cycle is improving.
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It would be fair to say that markets are coming to the end of a down-cycle and are at the cusp of the next up-cycle.
In the past two weeks China has cut interest rates.
These are companies with a strong track record and good prospects on earnings.
Real estate biggies unhappy with status quo on RBI rate cut.
China's economy grew 6.7 percent in the second quarter from a year earlier.
Sensex closed the day 416 points higher.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
In all, 37 central banks around the world have eased monetary policy so far this year to boost growth, fight deflation or both
India is affected by a 'resource inefficiency curse'.
'Credit expansion is probably the quickest way to get the economy going again.' 'Easy credit is like a shot of nitro in a race car: In timely, small, quick, doses it can give a tremendous boost but carried to extreme it can destroy the engine,' points out S Muralidharan, former managing director, BNP Paribas.
Despite the headwinds both on the domestic and global fronts, Ramesh S Damani, member, BSE and a prominent investor, says India will weather a global trade war better than a lot of other Asian countries.
The broader markets, however, outperformed their larger peers.
Toyota Motor Corp is betting on pricier premium models offering better safety and quality.
The muted CPI inflation print at 5% earlier this week, followed by a similar WPI number released Wednesday, seems to have spurred India's central bank into action, is how the economists are reading into Reserve Bank of India governor Raghuram Rajan's 25 basis point cut in repo rate.
From acquiring creative agencies, to setting up onsite innovation centres and turning around BFSI with entirely new digital offerings, 2018 had seen the IT industry going from initial lows to new highs.
HDFC and Infosys contribute the most to today's rally.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
"We are seeing the feel-good factor is back. It's only a matter of time before the entire economic engine starts working seamlessly," says Motilal Oswal.
