Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
Amid the ongoing farmers protest at the Delhi borders, Congress General Secretary Priyanka Gandhi Vadra is set to attend kisan mahapanchayat in Uttar Pradesh's Saharanpur district on Wednesday.
Emerging markets, including India have been large beneficiaries of global monetary easing.
'There is a lot of interest from potential clients who have remained away from the markets in past years.' 'They are evaluating whether this is a good time to enter, especially since there are very few alternatives to earn meaningful returns.'
'Valuations are very attractive, and most companies are cash-rich with strong dividend yields.'
Gold, which lost its sheen to some extent in the second half of 2021, is likely to regain the glitter in the New Year and cross the Rs 55,000-per-10-grams level amid pandemic woes, inflation worries and stronger US dollar. After a stellar run up in 2020 when the yellow metal touched a record high of Rs 56,200 on the MCX in August, the prices are near Rs 48,000 per 10 grams now. This is roughly 14 per cent lower from the all-time highs and 4 per cent lesser compared to January 2021 levels.
Among the many exits from the billionaire's club in 2022 are D Uday Kumar Reddy of Tanla Solutions (net worth down 66 per cent), Sushil Kanubhai Shah of Metropolis Healthcare (down 65.7 per cent), Vijay Shekhar Sharma of One97 Communications (down 66 per cent), and C K Birla (down 43.4 per cent).
If the central banks act harshly now, the markets will crash and then rally. If they are hesitant, the pain will be prolonged, predicts Debashis Basu.
The report, which was submitted to the apex court on March 19, 2021, was made public on Monday. The three-member committee had also suggested many changes in the laws, including giving freedom to states to make Minimum Support Price (MSP) system legal.
Extending his support to the farmers agitating in the national capital against the three farm laws, Delhi Chief Minister Arvind Kejriwal on Sunday accused the Bharatiya Janata Party workers of perpetrating the violence that took place on Republic Day at Red Fort during farmers' tractor rally.
Gold prices are struggling and are down 18 per cent from their March highs. But stock prices have fallen even more. As a result, the precious metal has begun to outperform equities - both in the domestic market and international markets. Gold prices are up 2.6 per cent in the domestic market in the current calendar year (CY22) so far, according to the World Gold Council (WGC), compared to a 1.7 per cent decline in the Sensex year-to-date (YTD).
Don't catch falling knives or chase bear rallies no matter how enticing those eight pc green blips look. They may be mouse traps, warns Sonali Ranade
Tikait said the farmers are ready to talk with the government on the farm laws but made it clear that the discussions should be held without conditions.
The non-food component in the price basket will continue to keep inflation at a high level and result in a "long pause" in interest rates, a foreign bank said on Wednesday. The central bank is likely to pare the pandemic-driven emergency response as well, the report by Singaporean lender DBS said. It can be noted that the high inflation driven by the food prices has forced the RBI to go for a status quo in rates for the three consecutive reviews of the bi-monthly policy meetings, even as growth continues to be in the negative territory.
The current up move, according to analysts, closely resembles the rally post the global financial crisis in 2008-09, not just in quantum and speed, but also the way small-and mid-cap indices outperformed large-cap peers.
Equity benchmark Sensex ended marginally higher after a choppy session on Friday as concerns over the economic impact of the second wave of Covid-19 and pace of vaccination weighed on investor sentiment.
Maharashtra NCP's chief spokesperson Mahesh Tapase also accused the Bharatiya Janata Party of following the use-and-throw policy and added that Raj Thackeray "will have to pay for his own karma".
Broader markers outperformed their larger peers.
Sensex, Nifty put up a good show in closing trade.
As many as 19 people have been arrested and 25 FIRs lodged in connection with the Republic Day violence in the national capital during the farmers' tractor rally in protest against the three new agri laws, the Centre informed the Delhi High Court on Wednesday.
Twitter on Wednesday suspended over 550 accounts from its platform in connection with the violence during the farmers' tractor rally in the national capital on the 72nd Republic Day.
'Hope they don't tinker around with capital gains tax in any way.'
.jpg)
The broader consensus was that the Fed would cut the monthly stimulus of $85 billion by $10-15 billion.
Khan, who faced his toughest political test since assuming office in 2018 due to defections in his party and cracks in the ruling coalition, in a surprise announcement during an address to the nation on Sunday said he had advised the president to 'dissolve assemblies'.
Intelligence Bureau (IB) will interrogate actor-turned-activist Deep Sidhu on Wednesday, who has been sent to seven-day police custody for his alleged role in the violence that took place at the Red Fort and other parts of the national capital on Republic Day, according to Delhi Police sources.
Gold is usually seen as a safe-haven when stocks are falling or when inflation is rising. With prices of the yellow metal hovering near record highs, people are also putting off their jewellery purchases. Along with a subdued marriage season, the orders with price open and settled on delivery day, too, are getting cancelled. Apart from high, volatile prices, there is no gold rush yet for the safe-haven asset, crimping demand.
'We expect the bull run to continue until economic growth continues.'
"We would conduct the rally on some different day," Bhartiya Kisan Union Rakesh Tikait said.
While in power, Khan repeatedly talked about making Pakistan an Islamic welfare state. However, he failed to fix the economy and the basic problem of keeping the prices of commodities in control.
'Earlier-than-expected tapering from the US, followed by rate hikes, and locally, a potential third wave, which mimics the second wave in terms of severity.'
'At current valuations, we believe large-caps offer better downside support.' 'Hence, we are suggesting a small tilt towards them.'
India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
'Recent underperformance notwithstanding, equities should constitute a major part of investors' financial portfolio.'
Overseas shipments at auto firms expanded at a brisk pace year-on-year (YoY) in March, bumping up the overall annual exports for FY22 and taking it to a record level for some like Maruti Suzuki India and Bajaj Auto. Amid a semiconductor shortage, a depreciating rupee and a strong demand in various export destinations, passenger vehicle makers diverted capacity meant for the local market in favour of the more-lucrative export market. Among the passenger vehicle makers, market leader Maruti Suzuki led the rally with its overseas shipments touching a record level of 238,376 units in FY22 - the highest for the company in any financial year.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
Union minister Narendra Singh Tomar on Sunday reiterated that the Centre was ready to talk to the farmers protesting against the new agriculture laws, and said that mere gathering of crowd does not lead to revocation of legislations.
Investors are keenly awaiting the announcement of the macroeconomic data-IIP and CPI due on Tuesday.
From hitting the 1,000-mark on July 25, 1990 to reaching the 60,000-mark for the first time on Friday, it has been a historic and memorable journey for the benchmark index Sensex. It has taken a little over 31 years for the Sensex to traverse from 1,000 level to the famed 60,000 level now. Over the years, the frontline index has climbed several record levels. The index had reached the 10,000-mark for the first time on February 6, 2006.
Pakistan's embattled Prime Minister Imran Khan on Wednesday summoned a special session of the federal cabinet amidst reports that two ministers belonging to the ruling coalition partner Muttahida Qaumi Movement-Pakistan have resigned after their party announced that it will support Opposition's no-confidence motion.
'At this moment, investors should look for relative value within sectors and clear visibility (third-wave-or-not) on earnings delivery.'
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances