The economists, who were surveyed, also felt it will take time for banks to make any further reduction in deposit rates
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 per cent, down at 10,226.55.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Metal shares were the top gainers with Hindalco up over 5%.
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
A comprehensive technical framework needed, from which a more convincing policy could be demonstrated
'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 top gainers on the Sensex are Gail(India), HDFC, Infosys.
Slight recovery in growth is expected only in July-September.
Inflation targeting framework is now enshrined as a formal agreement by the government and the RBI; thus, it may seem that we are flogging a dead horse, says Soumya Kanti Ghosh.
Take a look at the skills that matter and how you can acquire them.
The six-member monetary policy committee voted 5:1 for the decision, with only Ravindra Dholakia voting for a 0.25 per cent reduction in rates.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
For the seven months since February 2014, the benchmark index surged nearly 27%.
With nearly a quarter of U.S. energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month.
US economic growth slowed sharply in the fourth quarter.
In the run up to three years of the National Democratic Alliance government, Minister of State for Commerce and Industry (Independent Charge) Nirmala Sitharaman says it is time to consolidate some of the major initiatives as well as take new steps.
The broader markets also ended lower in line with the benchmark indices
There has been an increase of $17 trillion in total debt in China.
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
In a major sign of transformation of manufacturing-dominated Chinese economy, annual output of its service sector may exceed that of the manufacturing sector for the first time ever in 2013, an expert said.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
'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.'
'The Modi government must create conditions to integrate millions into the rural economy as many migrants are certainly not going to return to live an undignified life,' notes Ramesh Menon.
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The market regulator is wielding an unprecedented level of control over how mutual funds operate, delaying new launches and dictating investment strategy, frustrated insiders in the embattled industry say.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
Make in India has big shortcomings when it comes to natural resources.
The sector is witnessing weak tendering.
According to Merrill Lynch (BofA-ML) report, Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections.
Indices reversed all its losses during late trades.
Slow pace of reforms in India is disappointing: Faber
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
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