President Pranab Mukherjee on Thursday cautioned that poor cannot wait for long and they need to get succour "here and now", in remarks that come against the backdrop of demonetisation which, he said, may lead to temporary slowdown of economy.
Among other stocks, IT firm Mphasis today reported a 15.30% increase in consolidated net profit at Rs 184.72 crore for the quarter ended September 30, 2015.
The FTSEurofirst was on course for its worst one-day per centage fall since it slumped more than 7 per cent in October 2008
The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
The outgoing Chief Economic Advisor will always be remembered for his remarkable passion, his large imprint on policymaking and the high level of public debate he fostered
We must take action to address the impediments to growth faced by our businesses and our economies. And we can only succeed by working together, says American Secretary of Commerce Penny Pritzker.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
Gold has pushed lower as a result of Chinese selling.
Premier Li Keqiang highlighted his government's performance in the last one year and the challenges ahead in various fields. Compared to other reports by his predecessors, Li spoke more frankly about the mounting challenges faced by the country. Srikanth Kondapalli on the two recent Chinese parliament sessions.
Possible slowdown of FII money into debt and equity markets could add pressure on currency.
Money will flow to Europe, Japan - and the emerging markets, including India.
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
Gains were led by index heavyweights with Reliance Industries contributing the most.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
The company's revenue rose by 11.7 per cent to Rs 27,364 crore.
India's fourth largest software services exporter HCL Technologies on Thursday reported a 63.8 per cent rise in consolidated net profit at Rs 1,416 crore (Rs 14.16 billion) for the first quarter ended September 30, 2013, on the back of growth in Europe and encouraging macro-economic trends.
The sharp fall in the rupee's value against the dollar during the July-September quarter, it turns out, has come as a boon for corporate earnings.
'We are at $2.7 trillion and 2024 is not far away.' 'The country will need to grow by 9% every year for 5 years continuously and raise the aggregate investment rate to 38% of GDP to achieve the government's target of turning India into a $5 trillion economy.' 'Given the fact that we are only growing at about 5% and our investment rates are only about 30%, it may take a number of years before we can reach that targeted level.'
Indira Kannan picks Made in Bangladesh, Greed, Moothon.
'There is economic danger: Not inflation, but a slowdown that feeds an employment crisis,' says T N Ninan.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
Currently, Hyundai has 400 dealerships and over 270 rural sales outlets supported by over 1,000 service centers across India.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
Growth acceleration will be gradual and it is still early days for a sharp recovery, says Gautam Chhaochharia, executive director and head of India research, UBS.
China's move to devalue its currency has exposed the fragility of its economy.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
Interest rate sensitive stocks gain ground post decision
Investors attribute some of the growth in Indian stocks, that saw Bombay's benchmark BSE index rise nearly a third in 2014, to the election of a pro-business government in May, under Prime Minister Narendra Modi.
India this year will emerge as the world's seventh largest economy, up from the 12 th position in 2008.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
Most analysts expect growth in the sales of Nifty-50 companies to decelerate, albeit marginally, in the quarter ended December compared to the corresponding period of 2013-14, with metals and real estate companies pulling down earnings.
Positive cues from the global market front aided the rally.
Commercial vehicles however declined by 2.83%
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India's export-oriented information technology outsourcing industry is perhaps more optimistic today about growth prospects than it was in the past five years.
The Indian indices also offer one of the lowest dividend yields.
The RBI must cut rates to spur growth, say experts.
'We think FY18 will end with a 10 to 12 per cent earnings growth, but FY19 will see a recovery to over 15 per cent.'
Revenue from its IT services business rose 9 percent to $1.86 billion.
