As the FM said, this is a Budget that lays the foundation for the next 25 years, observes Kumar Mangalam Birla.
The 2009 BRIC Services Business Outlook survey by global consultancy KPMG signals an improvement in confidence in April after a sharp drop seen in October, 2008, amid the economic crisis. The BRIC Business Outlook Survey shows that India's service sector is set to grow solidly in proceeding 12 months. A net balance of 31.1 firms foresee their activity levels expanding, up from 15.3 last autumn to 60.3, it stated.
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
Companies that do not know why they are doing good also do not know why they are failing when they are on a downward slide, notes Baqar Iftikhar Naqvi, founder and CEO, Upriver, a sales accelerator firm.
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
A round-up of Tuesday's action in the UEFA Champions League.
'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 NCEAR has indicated some improvement in the fourth quarter of the current financial year.
Buying activity was so strong that all the sectoral indices except IT and technology ended in the green, rising by up to 3 per cent
There is little scope for significant monetary easing even in the next fiscal year.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
Weakness in the greenback overseas against the backdrop of sluggish US macro data outcome helped the home currency move higher
Inter Milan's aversion to Europa League football continued with a 3-1 defeat at Sparta Prague, while AS Roma ended a continental hoodoo stretching back seven games with a 4-0 home win over Romanian side FC Astra on Thursday.
Markets will remain closed today on account of voting for the general elections in Mumbai constituencies.
All the results from the I-League and ISL matches played on Sunday
Year 2017 will be a benign year for FII flows into India feels Akash Singhania, deputy chief investment officer, DHFL Pramerica Asset Managers.
The US dollar has risen about 15 per cent since mid-2015.
It's been a roller-coaster ride since 2015 Budget.
Images from the UEFA Champions League matches played on Tuesday night.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
The global economy is fragile now. It continues to face both long-term and short-term issues.
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
The optimism in global markets could help India as the rebound in GDP is expected to continue and get more broad-based.
Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election half-way through his term.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
Barcelona must to wait to confirm a place in the Champions League last 16 after dropping points for the first time in Group D in an absorbing 0-0 draw at Olympiakos Piraeus on Tuesday.
The most immediate cause of worry is the recent volatility in foreign exchange markets, Prime Minister Manmohan Singh tells the Assocham annual general meeting.
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