The EU is likely to intensify sanctions if the situation remains tense.
The year 2015 may well turn out to be a watershed in global macroeconomic adjustment.
Some experts, however, see a silver lining in the fall and said the volatility has come down sharply and that bodes well for the Indian currency
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
The Left parties attacked the government's policies and said the country was heading towards an economic emergency.
Despite a strong start to trade today, key benchmark indices retreated sharply from their higher levels following bouts of profit-taking amid fresh weakness in the rupee against the dollar.
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The rupee is set to breach the Rs 60-a-dollar mark again this week as the Street expects foreign institutional investors to continue pulling out of domestic markets. According to the street, this would result in government bond yields rising.
It was a year of big gains for equity investors.
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.
Possible slowdown of FII money into debt and equity markets could add pressure on currency.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
Analysts mostly prefer domestic plays beside select films with foreign exposure.
As the bull-run in Dalal Street gathers pace, people keen on riding it are looking to arm themselves with new tools and techniques.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
The derivatives expiry on Thursday is also expected to add to the volatility.
As regards India, market valuations already reflect most positives.
'...and defensive until the global macro headwinds turn more benign.'
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
Across the board, demand would appear to be slacker than it should be if we are headed for a healthy recovery.
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
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