The 'BluFin Business Cycle Indicator', which reflects various macroeconomic trends on a monthly basis, stood at 166.3 points in May, 5.8 per cent higher compared to the same month last year, suggesting that the Indian economy is growing at a faster rate than the previous year.
The rise in US bond yields spooked investors last week and there could a further increase given the inflation dynamics, according to Christopher Wood, global head of equity strategy at Jefferies. "The US bond market sell-off has continued over the past week, and with it the increased potential for an inflation scare. "Still, there is plenty of scope for bonds to sell off more since the last time the 5-year forward inflation expectation rate was running at current levels (namely in early December 2018), the 10- and 30-year bond yields were significantly higher at 2.91 per cent and 3.17 per cent, respectively," the market guru said in his newsletter GREED & fear. The 10-year and 30-year US Treasury finished at 1.34 per cent and 2.13 per cent, respectively, last week.
Traders said fresh buying by industrial units and coin makers along with higher global trend mainly led the recovery in silver prices.
Despite the Sensex's 74 per cent run-up over the past year, the Indian equity market could still reward investors if the expected revival in earnings materialises, according to market experts. Returns during the coming year are more likely to be in line with longer-term trends (the Sensex's five-year return is around 14 per cent). Several factors are expected to aid the market's performance this year.
Record liquidity infusion by the central bank in the banking system during the financial year 2020-21 amid sluggish economic activity resulted in banks investing more in safe government papers than in extending loans, data from Reserve Bank of India (RBI) showed. This trend has not been seen in nearly two decades, barring 2016 - the year of demonetisation.
The bullish outlook for gold is seen as a trigger for silver to perform better going ahead.
Overall, small savings have amassed Rs 1.17 trillion from April-September - 26 per cent more than the previous year. But in those six months, the economy lost 24 per cent in the first three months, and is slated to lose 10 per cent in the second quarter.
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Sectors with positive growth during the month include rice, iron ore, oil seeds, oil meals, meat, dairy and poultry products, pharmaceuticals, coffee, engineering goods, and plastic.
From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.
Sebi's change of rules will give the government -- which owns 100 per cent of LIC -- the flexibility to assess market demand and opt for lower dilution.
The currency market won't care for our moans, groans, cries and sighs. The rupee will find its own level, explains Tamal Bandyopadhyay.
Recent recovery in the white metal was reflected in a falling gold to silver price ratio.
In the currency markets, the rupee lost another 10 paise to close at 1-week low of 63.54 against the US dollar
Elevated gold prices have led Indian investors to eye diamonds and platinum as a lucrative investment opportunity.
The country's exports dipped 8.74 per cent to $23.52 billion in November on account of contraction in shipments of key sectors like petroleum, engineering, chemicals and gems and jewellery, official data showed on Tuesday. Trade deficit during the month narrowed to $9.87 billion as imports too declined by 13.32 per cent to $33.39 billion.
Gold also moved up by Rs 70 to Rs 20,430 per 10 grams on rising jewellery demand, reaching nearer to its record level of Rs 20,600 per 10 grams set on November 11.
Some are treating the price correction as akin to a fiscal stimulus that could kick-start a new demand cycle in the economy.
Gold, on the other hand, held steady at prevailing level of Rs 22,060 per 10 grams in restricted activity, despite it soaring to record highs in global market.
Investors, including large corporations, view them as a potential hedge against uncertainty, and mainstream investment banks too are jumping into the game.
The rally is being fuelled by across-the-board buying.
Many investment options once seen as safe havens are presently out of sync
The report noted that export volumes are likely to remain sluggish.
Global studios and indie content shops tap into the growing fan base for movie and TV characters in India, report Arundhuti Dasgupta & Urvi Malvania.
Traders have used this as an opportunity to stock up silver.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
Varsha Bhosle salutes that effervescent icon of Indian cinema, Dev Anand.
Chinese web-users unleashed their fury on the social media accounts of Australian Olympic gold medallist Mack Horton, demanding he apologise for calling swimming rival Sun Yang a "drug cheat".
Out of 30 key export sectors, as many as 22 showed negative growth in September.
The total market capitalisation of BSE-listed companies fell by Rs 1.36 lakh crore to Rs 93.33 lakh crore.
The country may become militarily impressive, pile on GDP and the durbar of the ruling party may fill with the wealthy indebted to the rulers for their riches. But the spontaneous camaraderie of a free people will diminish and with it, our shared ownership of the country, warns Shyam G Menon.
Imports too contracted by 28.72 per cent to $31.16 billion. Dip in exports and imports narrowed the trade deficit -- the difference between imports and exports -- in March to $9.76 billion, the lowest in the last 13 months.
Celebs follow a template for their special day -- an intimate ceremony with few people and a keen eye for a touch of luxury in every aspect.
The industry alleges the government has been apathetic, despite their pleas for quick action. However, H2 may be different as The US-China trade war had opened a window for Indian exporters to ship more to America.
Inflation in food articles, fuel and power contracted in July.
Adapting to an inevitable digital intervention is India's only hope at beating a long-standing job crisis. To do so, focus on quality education and better skill development is fundamental, says Dr Yogesh Kumar Bhatt.
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
There is a high demand for IT professionals who can envision, design and develop applications for the future.
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Silver prices sky-rocketed across the board today on frantic buying by stockists and speculators in line with international trend, recording gains between Rs 565 and Rs 250 per kilo.