'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
The 30-share Sensex ended up 12 points at 21,822 after touching a fresh intra-day high of 22,040.72 and the 50-share Nifty ended up 12 points at 6,517 after hitting a new intra-day high of 6,574.95.
Bench mark share indices ended marginally higher as investors booked profits at higher levels.
oreign Policy magazine named him as one of the world's top 100 global thinkers in 2011.
Market experts believe the retreat is because of uncertainty.
Foreign institutional investors have been net investors to the tune of Rs 55,000 crore (Rs 550 billion) in equity markets this year so far. In contrast, domestic institutional investors have been net sellers over the past three months.
FIIs have been pumping funds into India because of its strong growth potential.
'India should start leveraging rather than banning crypto.'
Less than three weeks after the curbs on participatory notes, overseas investors are rushing to invest in the booming Indian stock markets directly by applying for Foreign Institutional Investor licences.
Indian equity markets are likely to witness volatility this week due to concerns over rising cases of coronavirus and expiry of derivatives contracts, analysts said. Further, progress surrounding the COVID-19 vaccine, related updates, US stimulus talks and global cues would dictate the market trend, traders said. "Going ahead, the market is likely to be volatile as sentiments oscillate between fear of rising COVID cases globally and optimism over vaccine progress. Investors would closely watch out development over the US stimulus talks," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.31 per cent at 97.52.
Buried in a Kolkata cemetery is an Englishman who served India well during her struggle for freedom. Charles Freer Andrews was a benevolent force that neither the Indians, nor the British could ignore.
The mid- and small-cap indices had a dream run between January 2017 and January 2018 - zooming 48 per cent and 56 per cent, respectively.
India should enhance its economic, cultural and defence ties with Mongolia. It is high time Modi should focus on gaining clout in smaller Asian countries such as Mongolia. It is in this context, India's engagement with Mongolia would give much-needed impetus to India's foreign policy, says Sana Hashmi.
Foreign investors are pumping funds into debt in order to take advantage of higher yields
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
The RBI is still a small player in international gold buying among central banks. But in terms of total gold bought in 2019, it is the sixth largest buyer with 25.2 tonnes purchases in the first 10 months of 2019.
After a sharp sell-off in the past two months, overseas investors were once again seen turning bullish on Indian equities. FIIs bought shares worth Rs 63.5 billion in the past five sessions, their highest weekly investment tally in many months.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
FIIs have offloaded stocks worth Rs 13,110 crore
Market players say following the tax cuts, the market mood had changed from bearish to positive, which should help sustain the rally.
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
General Naravane's UAE and Saudi Arabia visits communicate India's long awaited arrival in the domain of integrated foreign policy where the diplomatic and the military domains both complement each other much more substantially, observes Lieutenant General Syed Ata Hasnain (retd).
The Indian High Commission made its displeasure known despite the British government earlier reiterating that the three New Delhi laws on agricultural reform were a "domestic matter".
It is difficult to recall an Indian minister in modern times pushing back at the US publicly, observes Ambassador M K Bhadrakumar.
Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Asian Paints, SBI, IndusInd Bank, ICICI Bank, Bajaj Finance, HDFC and Reliance. On the other hand, Bajaj Auto, Hindustan Unilever, UltraTech Cement, TCS, Bajaj Finserv and Infosys were the gainers.
Indian economist Kalpana Kochhar, who heads the Human Resources Department of the International Monetary Fund, is leaving the organisation to join the Bill and Melinda Gates Foundation, the IMF announced on Wednesday. Kochhar, who served in various senior positions during her three decades at the IMF, will retire on July 30, it said.
India has always been a good bet in relative terms during crises/turbulent times in emerging markets (EMs).
The US has been, historically, a sleeping partner in India-China relations. Today, any attempt by the Modi government to make a bilateral move to improve relations with Beijing could upset Biden's apple cart, notes Ambassador M K Bhadrakumar.
However, domestic institutions were aggressive during the period and bought shares worth Rs 44.6 crore (Rs 446 million). The BSE Sensex has lost 1,512 points, or 10.14 per cent, in the same period. On Monday, the stocks fell to a two-month low, led by Tata Steel and other metals producers after commodity prices declined, and on concerns that government measures might not be enough to revive economic growth.
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
A first in 7 years, the combined institutional investor flow stands at Rs 69,000 crore in 2016-17
MF investors may not be able to support markets fall if selling intensifies
'In the short term, we may see some disruptions due to Covid, but in the medium-to-long term, we should keep an eye on US inflation and 10-year bond yields.'
The 58-page Republican manifesto released by the party after its formal approval said that Indian ancestry had made notable contributions to the US.
The rupee resumed higher at 61.57 per dollar against the previous close of 61.59 and dropped immediately to 61.70 on initial dollar demand from banks and importers.
'China's excessive military aid to Pakistan is the real elephant in the room as far as Sino-Indian relations are concerned. India should be confident enough to accept a degree of closeness between China and Pakistan, since China may wish to use this link for its foray into the Muslim world.' 'But the Chinese must be realistic enough to know that as time passes, the tactic of using Pakistan as a proxy to check India will yield diminishing returns. The US tried it for 60 years but failed, so will China,' says Colonel Anil A Athale (retd).
Pharma major Sun Pharma remained the worst loser in the Sensex pack for the second day in a row after reports that regulator Sebi may reopen the insider trading case against the company.
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