The broader NSE Nifty struggled before ending well above the 10,500-mark.
Finance minister Nirmala Sitharaman on Wednesday exuded confidence that inflation would further decline and the government is on track to meet its budgetary target for deficit and said that there is no fear of stagflation in India. Replying to the debate on first batch of Supplementary Demands for Grants 2022-23 in Lok Sabha, the finance minister said inflation has come down and it is now in the tolerable band of the RBI. Inflation has been declining since April 2022 and it is declining further, she said.
The National Council of Applied Economic Research (NCAER) on Thursday lowered the GDP projection for the current fiscal to 4.7-4.9 per cent due to exchange rate depreciation.
The RBI may grant licences for setting up small finance and payment banks by April 2015.
The new government will face four big challenges -- subdued growth, the fiscal and current account deficits and sticky inflation, RBI Governor Raghuram Rajan said.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
Leading indicators suggest economic activity has been disrupted after demonetisation.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
China's devaluation creates new risk in global financial markets and could prolong the West's slowdown.
RBI Governor would like to wait till Budget before taking any action on rate front.
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.
Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
The combination of sanctions, and low fuel prices is really hurting the Putin regime.
Bidders have to deposit a security fee of Rs 25 crore as well as minimum guarantee fee.
The rise in food inflation was on account of increase in prices of onions, vegetables, cereals and protein-based items.
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The latest macro-economic numbers confirm the economy trundles along in a low growth trajectory, while inflation climbs.
Business houses expect rate cut in next RBI policy.
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The agency has kept its FY15 growth forecast unchanged at 5.6 per cent.
The economists, who were surveyed, also felt it will take time for banks to make any further reduction in deposit rates
Even US equities are now back to end-2014 levels.
The Cabinet on Wednesday approved the National Mission on Edible Oils - Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote domestic cultivation of oil palm in the next five years, and reduce the country's dependence on edible oil imports. The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort. Briefing the media, Union Information and Broadcasting Minister Anurag Thakur said the Cabinet approved the NMEO-OP with a focus on the northeast region and the Andaman and Nicobar Islands with a financial outlay of Rs 11,040 crore.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
Movement of rupee and crude oil prices will also dictate the trend
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.
What differentiates Rajan from his predecessors is his proactive steps in anticipating a problem and coming up with out-of-the-box solutions
Analysts expect RBI to restore 100-bp corridor in Tuesday's policy review.
The industry has stepped up its demand for a rate cut
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
Sensex has shed over 150 points in afternoon trade.
In recent past, midcap stocks have performed well, say experts.
Vegetable, fruit prices to be on the rise over weak supply, crop damage
Will give truer reflection on price movements of food products, impact of cereal procurement prices.
Investors turned cautious after India's trade deficit widened to a more than three-and-a-half-year high of $16.6 billion due to costlier crude oil imports
Metal stocks fell on Tuesday, with the S&P BSE metal index sliding 2.8 per cent compared to the 0.64 per cent fall in the benchmark S&P BSE Sensex
According to official figures, retail inflation in June touched its lowest mark at 7.31 per cent since January 2012.
According to a new report published by Switzerland-based BIS, which is also referred as 'bank for central banks', the US Federal Reserve's announcement of a possible phasing out of easy money regime has resulted in 'abrupt and sizeable' equity market losses in both advanced and emerging markets.
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
A rate cut could stimulate demand and help revive industrial activity, without much risk of sparking off inflation again.
FY14 economic growth rate pegged at 4.8-5.3%, WPI inflation set to rise
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