Global ratings agency Standard & Poor's on Thursday pegged India's FY'14 GDP growth at 6.4 per cent, one of the most optimistic estimates among analysts, and said it may upwardly revise outlook on the sovereign rating if the government continues to focus on policy initiatives.
India's macro finances are getting into good shape.
Faster account opening, which allows investors to start trading without ever leaving their homes or visiting a physical branch of their local brokerage has played a role in the surge.
Though analysts suggest that there are downside risks to economy, by announcing/advancing general elections, markets would be able to look beyond uncertainty.
The US treasury bond has been perhaps the most resilient feature of the American economy.
The Bombay Stock Exchange's 30-share Sensex closed at 18,401 up 405 points. The National Stock Exchange's 50-share S&P CNX Nifty closed at 5,409 up 124 points.
There is a general meeting of minds among observers on the difficulty of positive factors breaking through.
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
With the Sensex again nearing 28,000 points, investors can make good returns with a one-two year horizon.
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
While retaining India's sovereign rating at 'BBB-' with a negative outlook, S&P said there is at least a one-in-three likelihood of a downgrade within the next 12 months.
The Bombay Stocks Exchange S&P BSE Sensex plunged by over 750 points, or 4%, its biggest fall in four years, to end at 18,598 on fear that the roll-back of US stimulus could spark selling pressure by the overseas investors in the equity space.
BHEL, YES Bank, RCom, Titan Ind, JP Associates, BF Utilities, Ruchi Soya and Punj Lloyd have tanked more than 10% each on BSE.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
The country's first Islamic index was launched in 2010, also by the BSE, tracking the 50 largest and most liquid stocks.
The benchmark S&P BSE Sensex fell for the third day and closed 56.57 points lower at 19,748.19, dragged down by metal, realty and bank stocks ahead of the RBI's policy review next week.
Markets ended lower on Thursday following the expiry of July derivative contracts weighed down by profit taking in FMCG shares after recent gains.
Investors might soon get to bet on various versions of the Bombay Stock Exchange's (BSE) benchmark index, the Sensex, and its other key gauges soon.
NSE targeting hundreds of Japanese investors who poured money into India through yen-carry trades.
HCL Tech was the top gainer in the Sensex pack, rising over 4 per cent, followed by HDFC Bank, Infosys, NTPC, Nestle India, TCS and HUL. NSE Nifty surged 337.80 points to 14,845.10.
Besides Budget, markets will be driven by global events and the outcome of assembly elections.
Sebi will soon put in place new norms for changes in constituents of the key stock market indices.
The outlook cut is based on a weak premise since the economy is expected to rebound this fiscal but a wake-up call was needed.
Be careful while investing at the current levels and stay away from stocks of leveraged companies.
Lack of fuel security is a major constraint to the growth of the generation capacity, and the slow pace of tariff reforms is hindering infrastructure investment at the state-level.
Forex dealers said weakness in local equities and a firm dollar overseas against other currencies also weighed on the rupee.
The Nifty Options would add to SGX's suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants.
A total of 10 new stocks have been included in BSE Mid-Cap index, while 12 existing ones would move out.
With most schemes performing below the index, a few don'ts in the recent rally.
BSE Metal, IT and Consumer Durable indices surged by nearly 2% each. However, BSE FMCG index declined by nearly 1%.
Hedge funds are famous for their price tag - known as "two and 20" - a fee of two per cent of the assets they manage each year and 20 per cent of all gains
The Bombay Stock Exchange's 30-share Sensex closed at 19,504 up 117 points. The National Stock Exchange's 50-share S&P CNX Nifty closed up 26 points at 5,930.
Changes in the economic environment have altered the dynamics of stock markets. In the recent past, they have started defying investment fundamentals.
Enjoy the ride but avoid getting greedy. Disciplined profit-taking is a must to survive in the treacherous markets ahead, says Sonali Ranade
An AP tweet, which an AP spokesman says was "bogus," had said there were two explosions at the White House.
FMCG stocks have underperformed the market, falling 2.2 per cent so far in 2014.
Investors have turned cautious and parked their funds in less risky and fundamentally strong stocks ahead of the second-quarter earnings season.
Corporate Affairs Minister Veerappa Moily on Tuesday lashed out at global credit rating agency Standard and Poor's (S&P) for describing Prime Minister Manmohan Singh as "unelected" leader and saying the comment "smacked of politics".
In a string of bold initiatives, the government, accused of a 'policy paralysis', first announced a steep 12 per cent, or Rs 5 per litre, increase in the regulated diesel prices on Thursday and a cap on subsided cooking gas usage.
India was already in the midst of a protracted economic slowdown before the virus hit due to a festering crisis among shadow lenders and declining consumer demand and private investment. Service sector activity in India is still effectively on hold.
