India's stand at the FATF plenary and other related discussions have always been consistent regarding Pakistan.
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Amid fears of a downgrade from ratings agencies, the finance ministry is gearing up for a visit of Japan Credit Rating Agency officials on September 6.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
A strengthening dollar overseas also kept the rupee under pressure amid demand from importers. Goldman Sachs followed JP Morgan, HSBC and Nomura in cutting India's economic growth forecast and also said it expects the rupee to touch 72 against the dollar in the next six months.
The bigger worry is that the miss for FY19 is likely to be significant even after assuming macro factors such as crude oil prices, rupee, input costs, and interest rates, do not worsen from the current levels, reports Vishal Chhabria.
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Fund managers's compensation is largely tied to the assets they manage and scheme performance.
The local currency recovered some ground after the Reserve Bank of India (RBI) was said to have stepped in through state-run banks, helping the rupee to end at 64.30, a fall of 110 paise or 1.74 per cent.
The S&P BSE Sensex ended 190 points up at 23,382.
The Paris-headquartered FATF said Pakistan should continue to work on implementing its action plan to address its strategic deficiencies
The sentiment around Indian equities remains positive and unchanged.
Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.
Row also provides an opportunity for key competitor ITC (Yippee noodles) to step up market share in the prepared dishes segment
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
The rupee has been falling for five straight weeks, taking its losses this quarter to 6.6 per cent, making it the worst performing currencies in Asia during this period.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
Participants are keenly waiting for the January IIP.
ONGC was the top performer while private banking major ICICI Bank extended gains
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
The Indian government and RBI must keep foreign equity investors happy and avoid crushing growth expectations, notes Akash Prakash.
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