Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
The U.S. economy grew faster than initially thought in the second quarter.
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.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
'This has been an emotional week and I want to thank everyone for the outpouring of support.'
Pakistan Muslim League-Nawaz (PML-N) president Sharif, 70, and Pakistan Tehreek-i-Insaf (PTI) vice-chairman and former foreign minister Shah Mahmood Qureshi on Sunday filed their nomination papers for the post.
Adopting a wait- and-watch approach ahead of US Fed meeting
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
March and April payrolls were revised to show 32,000 more jobs.
'The nominations were not meant to last permanently, but depended on the government of the day.' 'There was no question of revoking it during Congress, Janata Dal or even Vajpayee's NDA rule.' 'But Modi is different.'
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
The Paris-headquartered FATF said Pakistan should continue to work on implementing its action plan to address its strategic deficiencies
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
The number of recoveries also surged with 2,48,189 patients cured so far, while there were 1,78,014 active cases, according to the updated official figures at 8 am.
Nearly $1 million in funds from soccer's global governing body FIFA may have gone missing from Guatemala's soccer federation last year, according to sources and an internal audit seen by Reuters.
The rupee resumed higher at 61.75 as against the last closing level of 62.05 per dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to a one-month high of 61.53 before quoting at 61.59 per dollar at 1045 hours.
We bring forth to our readers the list of nations sitting on a nuclear stockpile, based on the study findings:
Japan's Nikkei fell 0.5% and South Korea's Kospi lost 1.3%.
'Going ahead, I think the world trade will slow down or decline, and this will be bad for everybody.'
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
SEWA International, a leading Indian-American non-profit organisation, has so far raised more than $250,000 for its COVID-19 relief efforts. It is using the money to buy personal protective equipment's, in particular facial masks and surgical masks, to donate free to the local law enforcement officials and hospitals in some of the hot spot areas like New York, who have run out of these essential items.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
News of all that's transpired on and off the football field
The trinity of rising stocks, rising yields and rising dollar since Donald Trump's election has already faced a setback.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Few proposals included in the Finance Bill would not help ease liquidity concerns in the economy, say RBI officials.
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
The Fed has prepared the world very well for a rate hike. In fact the market may have priced in a 25 basis points increase. So if the increase is 50 basis points, the reaction could be stunning, but a 25 basis points rise is not likely to have any great impact, says P V Subramanyam.
Union Home Minister Amit Shah on Monday said the government has no other option but to extend President's Rule in Jammu and Kashmir as the Election Commission wants to hold assembly elections in the state by the end of 2019.
The Bharatiya Janata Party, however, termed the autopsy report of the 17-year-old girl, who was the sister of a BJP activist, a 'cover-up' and reiterated its demand for an impartial probe into the incident. The ruling Trinamool Congress accused the BJP of trying to 'make an issue out of a non-issue'.
Two namesake coaches who have propelled Russian synchronised swimming to one medal after another hope to blow rivals out of the water once again at the Rio Olympic Games.
'The market movement will be largely driven by earnings growth.'
Higher education policy may be at the core of the Tamil Nadu assembly polls next May, with a potential to break the ties between the ruling AIADMK in the state and the BJP counterpart at the national level, says N Sathiya Moorthy.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances