Kotak Bank was the top loser in the Sensex pack, shedding over 2 per cent, followed by ICICI Bank, PowerGrid, HDFC, IndusInd Bank and Axis Bank. NSE Nifty declined 45.75 points to 16,568.85.
While most brokers have upgraded their backend systems to trade, their front-end systems have not been upgraded. They are not compliant with Sebi's interop circular of November 2018 and no one seems to be either aware of this, nor has anything been done about it so far, explains Debashis Basu.
'Despite the current tension at Doklam and the risk of escalation on the Himalayan land frontier, it is the Indian Ocean we need to worry about more,' says Nitin Pai.
We import from China not because we love China, but because they sell us these things at cheap prices, points out Rathin Roy.
This is first time in 25 years that a benchmark equity index in India is trading at a P/E multiple of 40x or higher.
For India, it is business as usual with the government muddling along.
Even as rising crude oil prices, trade war fears and a sliding rupee cast a shadow on market sentiment, Nischal Maheshwari, chief executive officer for institutional equities and advisory at Centrum Broking, tells Puneet Wadhwa that in the next one year, the outcome of the 2019 general election is a bigger challenge for the market.
Despite the 3 per cent gain in September 2019, the FPI sell-off during the quarter has seen the benchmark indices - the S&P BSE Sensex and the Nifty 50 register negative returns in Q3CY19.
Investors are anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue.
The beleaguered Deutsche Bank announced major overhaul of its business, which included discontinuing loss-making equities trading business, creating a new 'bad bank', and cutting 18,000 jobs. Deutsche Equities India employs 35 people, all of whom could face the job axe.
Johnson also reiterated his plan to visit India ahead of the G7 summit, after a scheduled visit for Republic Day this month was called off due to the coronavirus crisis.
It is a Catch-22 situation for foreign institutional investors (FIIs) playing Indian markets. Even while stock markets are trading at attractive valuations, a sharper-than-expected slide in the rupee against the US dollar is keeping them away, say analysts.
'Money that came into mutual funds near the previous peaks -- the second half of 2017 and 2018 -- has in most cases experienced unflattering returns.' 'A large proportion of redemptions could be such inflows exiting when the market recovered sharply from July 2020 onwards.'
'The IPO market is cooling off and getting a reality check.'
The pandemic has brutally highlighted the inadequacy of India's administrative systems. And, the government has demonstrated its culpable inability to speed up vaccination in a timely manner, says Jaimini Bhagwati.
Markets ended lower, amid weak global cues, on profit taking and February IIP data due later today.
No word on appointment of Shagun Kapur Gogia
Sebi has approved the norms for financial institutions setting up shop at GIF City in Ahmedabad.
India has been opposing the pact as ITA will only benefit the country when its domestic manufacturing is robust.
The markets gained nearly 7 per cent in the 4 trading sessions of March.
'The BRICS anthem has to necessarily be an anthem of Vedic times -- Walk together, Dream together, Achieve together.' 'And who knows it better than Modi?' says Tarun Vijay.
The main elements of the programme are bilateral meetings with the US leadership, participation in the Quad Leaders' Summit, address at the UN General Assembly and business interactions.
The report, released on June 21, alleged that some senior leaders of the BJP "made inflammatory speeches against minority communities".
Kotak Bank was the top gainer in the Sensex pack, ending 4.31 per cent higher. PowerGrid, TCS, ICICI Bank, SBI, HCL Tech, NTPC, Infosys, Bajaj Finance, HDFC duo, ONGC, Vedanta and IndusInd Bank too rose up to 2.84 per cent.
NTPC was the top gainer among the Sensex stocks, rising by 3.53 per cent. Coal India, ONGC and Sun Pharma also rose up to 2.41 per cent.
Shares are likely to remain volatile in the week ahead as uncertainty heightens over Syria.
oreign Policy magazine named him as one of the world's top 100 global thinkers in 2011.
Shares are likely to remain volatile in the week ahead as uncertainty heightens over Syria.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
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.
India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
Market experts believe the retreat is because of uncertainty.
Dr Reddy's was the top gainer in the Sensex pack, rising over 3 per cent, followed by PowerGrid, TCS, HCL Tech, Infosys and Reliance Industries. On the other hand, L&T, IndusInd Bank, Bajaj Finserv and Bharti Airtel were among the laggards.
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
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.
ONGC was the top loser in the Sensex pack, shedding 4 per cent, followed by Bharti Airtel, SBI, IndusInd Bank, NTPC, Sun Pharma and ITC. On the other hand, Bajaj Finance, Bajaj Auto, Reliance, Bajaj Finserv and Asian Paints were among the gainers.
Kotak Bank was the top laggard in the Sensex pack, shedding over 2 per cent, followed by ITC, PowerGrid, M&M, HDFC, Asian Paints and NTPC. On the other hand, Maruti rallied over 4 per cent. Bharti Airtel, Axis Bank, IndusInd Bank and Bajaj Finance were also among the gainers.
After two decades, the SCO appears to be at a cross-roads with the US withdrawal from Afghanistan, asserts Srikanth Kondapalli, the leading China expert.
FIIs have been pumping funds into India because of its strong growth potential.
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