After a volatile session, Sensex closed the day 563 points lower
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
All evidence suggests that the US Federal Reserve will raise interest rates soon.
'My friend scored higher than me in the 12th exam, but he could not clear NEET because his parents could not pay the fees for private coaching.'
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
Wipro rose the most, up 3.12 per cent, ahead of its board meeting to discuss buyback of shares.
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog vice chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal its intention to wind down fiscal deficit by cutting it by half-to-one percentage point in 2022-23. "The Indian economy has recovered handsomely, returning to its pre-COVID GDP... "Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview.
Most Asian markets were trading weak on Monday.
The government on Monday slashed import tariff value on gold and silver to $408 per 10 grams and $617 per kg respectively, in view of weakness in bullion prices globally.
Indian equity markets registered their highest single-day percentage gains since early October.
A delay in US Federal Reserve's quantitative easing tapering, coupled with better-than-expected September quarter earnings, ensured FIIs kept foreign money flowing into Indian equities.
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
A Pakistani court in Islamabad on Monday rejected former prime minister Imran Khan's plea seeking the suspension of the non-bailable warrant issued against him in the Toshakhana case.
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
Total holdings of the top eight gold ETFs have risen by 3.8 million ounces so far this year
Twitter "took extraordinary steps to suppress" The New York Post's Hunter Biden laptop story, removing links and posting warnings that it may be "unsafe."
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
Foreign investors have poured in a whopping Rs 9,600 crore (Rs 96 billion) in the stock market so far this month, mainly on the hopes of a stable government in general elections starting next month.
Gold demand in India -- one of most avid purchasers -- is interwoven with culture, tradition, the desire for beauty and the desire for financial protection.
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After a string of extremely low and even negative monthly numbers, the industrial sector grew by 2.6 per cent year on year, far exceeding expectations.
Asian emerging market stock prices did see a bounce post Fed-talk.
The government on Monday reduced the import tariff value of gold to $458 per 10 grams due to fall in its global prices.
Balance is needed in selecting members for the proposed monetary policy committee, says Abheek Barua.
There are lessons for the Congress to learn from the Karnataka elections of how burying the hatchet among top leaders and not washing dirty linen in public can help, says Ramesh Menon.
Asian stocks sagged on Monday, with risk sentiment dampened as Shanghai shares wobbled after the Chinese markets resumed trading following a four-day long weekend.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates.
Unlike any other business, banking is a turf where the captain's role is the most critical. Often a bank is defined by the personality of the CEO who runs it. Both HDFC Bank and Kotak Mahindra Bank are the creation of their CEOs, notes Tamal Bandyopadhyay.
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Half of the board seat at these banks have been vacant. Ten of the 12 public-sector banks, even large ones like Punjab National Bank, Canara Bank and Union Bank of India - all except State Bank of India (SBI) and Bank of Baroda - don't even have a chairman. In 2014, while splitting the post of chairman & managing director (CMD), the government had decided to appoint non-executive chairmen at these banks. SBI, which has an executive chairman and four managing directors, was an exception.
Private banks are assumed to be more efficient at intermediating between depositors and investors.
The quizzing of the 48-year-old daughter-in-law of superstar Amitabh Bachchan and Samajwadi Party MP Jaya Bachchan comes weeks after her husband Abhishek Bachchan was questioned by the agency in another case emerging from the same set of papers linked to the offshore leaks case, they said.
Five-time World champion Viswanathan Anand will lead India's charge at the online Nations Cup beginning on Tuesday, where some of the world's best players will face off amid the coronavirus pandemic which has thrown the sporting calendars out of gear. The six-team event, touted to the richest online team tournament, features all the big names in the game with World champion Magnus Carlsen being the only big gun missing from the line-up.
Rizvi, the long serving legal advisor of the board, made it clear he had initiated defamation and criminal proceedings against Akhtar and also lodged a complaint with the Federal Investigation Agency under its cyber crime laws.
