In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
'Through the course of the year, we expect the economic weakness generated by demonetisation will give way to normalisation of growth conditions.'
The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty ended down 91 points at 8,214.
Despite returns from gold down over 5% in the past three months, it is a good idea to keep this asset class in your portfolio.
'Nehru once told JRD, "I hate the mention of the very word profit".' '"Jawaharlal, I am talking about the need of the public sector making a profit!" JRD replied.' 'Nehru reiterated, "Never talk to me about the word profit, it is a dirty word".' A fascinating excerpt from Shashank Shah's The Tata Group: From Torchbearers To Trailblazers.
Markets are likely to go down, correct and stay subdued.
Global brokerage firm CLSA is positive on India's growth stroy.
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
Movement of rupee and crude oil prices will also dictate the trend
New Delhi and Beijing are the only two regional capitals that have commented on US President Donald Trump's speech on August 21 outlining the way forward in Afghanistan. The Indian foreign ministry statement was effusive in praise, while the Chinese statement has been one of cautious and guarded hope. Delhi has identified itself with Trump's Afghan strategy, whereas the Chinese stance is calibrated -- observant and objective, keeping a distance, says Ambassador M K Bhadrakumar.
'India easily remains one among the more attractive large economies, with high growth and stable/improving macros, as a top investment destination.' 'We are looking pretty good.'
In the media frenzy over inconsequential issues, the visit of the Emperor of Japan to India has been pushed to the margins of public discourse. Colonel (retd) Anil Athale explains the great historical and political significance of the visit.
'India is likely to do better than other emerging markets.'
