There is a lot of optimism across all markets and a large part of it is justified, says Samir Arora of Helios Capital Management.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
Markets are poised for excellent growth, provided reforms continue to roll
'The number of first-time investors into MFs can grow four times more than the current rate if we are able to accept the bank KYCs.'
Rejecting criticism of jobless growth, he said if state after state is creating good number of jobs, how can the Centre be creating joblessness?
'We do not know when we will get to the business-as-usual mode.' 'Many borrowers may not be able to pay up.' 'The incidence of cheque bouncing has doubled or even trebled, some lenders say,' says Tamal Bandyopadhyay.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
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Revenue foregone on account of corporation tax exemptions is estimated to grow by 16 per cent in 2018-19 (FY19) versus 8.7 per cent in the previous year and 12 per cent in 2016-17, show the Budget documents.
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
The Indian indices also offer one of the lowest dividend yields.
Build up inflation rate in the financial year so far was 2 per cent compared to a build up rate of 4.56 per cent in the corresponding period of the previous year. Inflation in food articles as a group rose to 11.08 per cent during the month as against 9.80 per cent in the previous month, mainly driven by exorbitantly high onion prices, the rates of which spiked by over 172 per cent from a year-ago. The annual rate of inflation, based on monthly wholesale price index was at 0.16 per cent in October.
'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'
The Jet Airways of old is no more and the industry mourns its demise. Anjuli Bhargava reports.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
The recapitalisation, the finance minister said, will enhance the lending capacity of state-owned banks and help them come out of RBI's Prompt Corrective Action framework.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
The Qatar Investment Authority deal follows Byju's raising money from the Canada Pension Plan Investment Board, which was also the first direct investment by the Canadian pension fund in an Indian start-up. In March, Byju's had raised $540 million at a valuation on $5.4 billion, making it the most-valued ed-tech company in the world.
According to Rahul Rege, business head (retail) at Emkay Global Financial Services, it is difficult to track more than 10 stocks.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
Tata Motors was the top gainer on better-than-expected June quarter revenues
The cloud kitchen market in India will hit $1.05 billion by 2023. Just 13% of the total market has been utilised so far.
Inflation is down and there's every chance that crude prices will be subdued through the next year.
Aptech, Lumax Industries, Vedanta, Indian Bank, Venky's India have appreciated over 200% in a year
CMC has strong presence in the domestic market. It certainly compliments TCS.
While the formation of a holding company will not outright privatise State-owned banks, officials believe it will help the Centre deflect criticism arising out of the latest banking scams.
'Most investors are still waiting for the winners to correct.'
The 50-share Nifty bounced 83.35 points, or 0.86 per cent, to 9,794.15 at close.
While the UK will possibly go into recession, the bigger fear is copycat referendums from other EU nations.
Chandrasekaran speaks about sustaining growth and TCS' growing importance in the Tata Group.
A slow but steady economic uptick can be seen in various segments of the economy. India's economy expanded 4.8 per cent in the second quarter, higher than the preceding quarter's 4.4 per cent.
Sensex firm on favourable GDP numbers for FY16.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
