Food prices probably fueled a sharp rise in India's retail inflation in December after the record low struck the previous month.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
Macro data have little connect with indicators on the ground.
'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
Even as the World Bank has revised India's growth figures by 0.4 percentage points as compared to its January forecast, India remains the fastest growing major economy in the world, the World Bank officials said.
Global companies, e-commerce platforms and software product firms all want skilled digital workers.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
Inflation in food articles during June stood at 2.04 per cent, as against 1.13 per cent in May.
The fall in reserves was due to a sharp fall in foreign currency assets.
The combination of sanctions, and low fuel prices is really hurting the Putin regime.
The RBI has targeted 6 percent inflation by January 2016
It is not a good idea to take the line that since demonetisation happened in the third quarter, everything that happened then was a consequence of that, says Chief Statistician TCA Anant.
The absence of any recovery in investment is underlined by the capital goods sector.
This is the BJP's first full-year Budget.
Manufactured goods and food lead the price rise.
The coronavirus outbreak has brought a large part of the world's second-largest economy China to a standstill and its impact has been felt across industries.
Bajaj Finance was the top laggard in the Sensex pack, slumping over 10 per cent, followed by M&M, Titan, Hero MotoCorp, ICICI Bank and Tech Mahindra. On the other hand, L&T, Bharti Airtel, IndusInd Bank, UltraTech Cements and NTPC were among the gainers.
Export growth picked up mainly owing to rising global crude prices, which pushed up processed petroleum exports by nearly 40 per cent, apart from a broad-based improvement in exports of major foreign exchange earners such as engineering goods and gems and jewellery.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
The Budget will obviously be crucial. But US President Donald Trump may have even more of an influence than Finance Minister Arun Jaitley when it comes to sentiment, argues Devangshu Datta.
Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.
Banking shares saw a renewed buying interest on the hopes of a rate-cut by the central bank post the easing of macro-economic data.
The inflation in the food basket spiked to 7.89 per cent in October 2019 as against 5.11 per cent the preceding month.
Combined net profit of BSE500 companies at $ 63 bn is 2.3% of GDP; global average is 5%.
Data suggests that households too are expecting inflation to subside, with the three-month-ahead and the one-year-ahead expectations declining by 40 basis points, reports Abhishek Waghmare.
Amid fears of a third wave of coronavirus pandemic and hardening of retail inflation, the Reserve Bank is likely to maintain status quo on interest rate and watch the developing macroeconomic situation for some more time before taking any decisive action on monetary policy. The RBI is scheduled to announce its bi-monthly monetary policy review on August 6 at the end of the three-day meeting -- August 4-6 -- of the Monetary Policy Committee (MPC). The RBI Governor-headed six-member MPC decides on the key policy rates.
Retail inflation rose 4.38 per cent year-on-year in November, the slowest pace in data going back to January 2012.
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The latest macro-economic numbers confirm the economy trundles along in a low growth trajectory, while inflation climbs.
This is the second straight month of decline in wholesale price based inflation.
Sun Pharma stole the show in the Sensex pack, spurting 3.91 per cent, followed by M&M at 2.87 per cent.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
India must focus on reforms.
Technical rallies and short covering may arise only if the markets break this 500 point band
The Chinese economy is not collapsing, it is shifting to different growth drivers which the old metrics used to judge China do not pick up.
Lupin was the top gainer after the USFDA cleared its Goa facility
The policy statement by the RBI governor is also expected to be upbeat.
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