Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an "orderly exit" from unconventional monetary policies being pursued by the developed world for the last few years to avoid damaging growth prospects of the developing world.
Monetary policy easing, coupled with the relaxation of lending rules and greater election-driven fiscal spending in the first quarter of 2019, will provide some support to growth during the first half of 2019-20 fiscal
The 30-share Sensex ended down 563 points at 25,202.
Demonetisation impact, earnings growth, central bank policies will get attention.
A firming trend in domestic stock markets, however, capped the rupee fall to some extent
The Rupee is expected to weaken further against the dollar.
'It is going to be a tough balance for the RBI to manage economic stability and ensure smooth government borrowing.'
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
Heavyweights such as Coal India, L&T and SBI ran up losses, taking cues from overseas markets.
Kejriwal's centralised way of governance might work in Delhi, but Punjab will call for delegation, observes Sanjeev Nayyar.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
All policy planners want low interest rate, says Jaitley
'If the Union Budget can provide incentives for animal spirits to come as well as induce demand stimulus and consumption, the Budget would have done a wonderful job.'
The view among the regulator and the government is that the currency is overvalued
Brokerage firm Bank of America Merrill Lynch (BofA-ML) on Monday said the ongoing US government shutdown is positive for the country, as it gives additional time to recoup the forex reserves.
RBI Governor has been under pressure from Finance Ministry.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
Investing in the US market provides Indian investors a hedge against the rupee's long-term tendency to depreciate against the dollar.
Higher interest rates in the US do not necessarily coincide with capital outflows.
The BSE Sensex was among the world's best performers in 2014, rising almost 30 per cent after Prime Minister Narendra Modi took office on promises of reforms to boost growth
Adopting a wait- and-watch approach ahead of US Fed meeting
Investor wealth slumped by Rs 1.55 lakh crore on Thursday today, dragged down by massive selling in the stock markets where nearly seven out of ten shares closed lower.
The markets stayed on edge last week due to the endless saga of Greece's problems.
The Indian economy's election-year syndrome cannot be ignored, says A K Bhattacharya.
The US Federal Reserve has decided to keep its stimulus programme intact and this in turn will lead to some respite for the battered emerging market economies, but it should also be borne in mind that tapering is inevitable in the medium term.
After three sessions of weakness, the rupee strengthened by 50 paise against the dollar.
In the Sensex pack, Axis Bank, Tata Motors, Infosys, Kotak Bank, HDFC Bank, RIL, Bajaj Auto, SBI, HUL, Tata Steel, Vedanta, HFDC, TCS, ITC and Sun Pharma jumped up to 4.64 per cent.
With a global selloff over concerns of the US Federal Reserve's bond-buying tapering impacting the currencies of several emerging markets, the rupee has been the worst performer since Thursday.
Frantic dollar demand from corporates along with an aggressive hedging strategy adopted by importers in the wake of the currency volatility predominately took a toll on the domestic unit despite moves by the central bank to stabilise the currency.
While Raghuram Rajan has said in the past that other factors, including domestic fundamentals, outweigh the US Fed policy meet, this time it would be different
From its March 2020 low, Bitcoin has gained a massive 474 per cent and has surged 214 per cent year-to-date.
Mark Mobius, executive chairman of Templeton Emerging Markets Group still believes in the emerging markets growth story.
Christopher Wood, global head of equity strategy at Jefferies reiterate his bullish view on Indian equities on the back of a steady fall in Covid cases coupled with a sharp economic recovery in India, reports Puneet Wadhwa.
December is packed with key economic and political events, both at the domestic and the global level, which will decide how foreign institutional investors (FIIs) fine tune their investment strategies
So, what's the problem if our present is screwed up when the future promises to be profitable? It's an Indian habit, notes Shyam G Menon.
RBI's intention to keep its target inflation rate at 5% was the main reason behind keeping rates unchanged, says Adhil Shetty, CEO of BankBazaar.com.
Data showing foreign institutional investors have slowed their purchases in domestic shares further added to the weak sentiment.
India is still the best story in major emerging markets from a 5-year perspective.
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