On the reduction in the SLR ratio, he said it was a signal from the point of view of long-term reforms.
Infosys, Wipro and HUL among the top losers for the day.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
The Reserve Bank has taken some steps to shore up the domestic currency.
Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around $23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic. With Jio Platforms alone garnering over $16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up $6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with $85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.
Raghuram Rajan remains focused on a long-term inflation target of 4 percent.
A rate cut will bring positive sentiment around the Budget.
'If you see the composition of items which are causing this spike in prices, most of them have little to do with the kharif harvest, except for pulses and vegetables to some extent.' 'I don't know on what basis the government is claiming that food prices will moderate in the weeks to come.'
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
Dealers say that the full-year outlook remains negative with a projected contraction in retail sales of 15-35 per cent across segments, save tractors, which look set to clock a positive annual growth.
The muted CPI inflation print at 5% earlier this week, followed by a similar WPI number released Wednesday, seems to have spurred India's central bank into action, is how the economists are reading into Reserve Bank of India governor Raghuram Rajan's 25 basis point cut in repo rate.
Food prices probably fueled a sharp rise in India's retail inflation in December after the record low struck the previous month.
Indian gold demand seen falling to 8-year low in festive quarter.
We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
The rupee resumed lower at 61.15 per dollar as against the last weekend's level of 61.07 at the Interbank Foreign Exchange market and hovered in the range of 61.15 and 61.28 before quoting at 61.24 per dollar at 1030 hours.
The combination of sanctions, and low fuel prices is really hurting the Putin regime.
While headline and core WPI are stuck in a disinflationary phase, the retail measure is inching north.
Sources said Rajan will make the customary call on the Finance Minister on Monday, a day before he presents the policy.
Are we running a cricket match using football rules, asks Ajit Balakrishnan.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
The US Fed's rate cycle is set to turn later this year, but India is in a much better position than it was in 2013.
Voting for the 2014 general elections will begin in April and it is expected Budget 2014-15 will be presented in June.
Indian Economy poised for growth, say experts.
It is difficult to reconcile the GDP numbers with other economic indicators.
The duo bought additional shares in pharmaceutical companies Lupin and Jubilant Life Sciences, along with Agro Tech Foods and NCC during Q2FY21
At present, Indian indices are under-performing as compared to others and a package from the government can help cover the ground.
CPI inflation has declined by almost a percentage point from July, from close to eight per cent to just above seven per cent.
RBI data show one-fifth of all the infrastructure loans are stressed and the share of such loans in overall stressed assets is nearly a third.
RBI Governor has been under pressure from Finance Ministry.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
Companies are still struggling to recover from years of exuberance.
Shopkeepers are losing buyers in droves to e-tailers for everything from fashion to smartphones, and are struggling to find solutions.
The RBI has targeted 6 percent inflation by January 2016
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A section of the market believes RBI should hold rates as negative real rates will hurt savings and investment.
The RBI kept interest rates unchanged at 8 per cent as widely expected.
Analysts expect inflation to peak in the first half of 2016-17 and moderate, thereafter, on the back of positive impact of monsoons
Bengal Finance Minister Amit Mitra expressed confidence in GST.
Inflation rate in fuel and power segment was (-)16.50 per cent.
India's manufacturing sector activity contracted for the third straight month in October amid falling levels of production and new orders, as the business climate within the country remained tough, an HSBC survey said on Friday.
The Nikkei India Manufacturing PMI dipped from 50.3 in November to 49.1 in December.
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