Equity mutual funds attracted an all-time high net inflow of Rs 28,463 crore in March, on continued interest by retail and HNI investors, who used market correction as a good buying opportunity.
Tracking local stocks, rupee on Tuesday regained 19 paise to end at 61.85 against dollar as reports of easing geopolitical tension between Russia and Ukraine helped emerging market currencies script a smart recovery.
Global funds have pumped in over Rs 38,000 crore (about $5.5 billion) into domestic equities since February 20, helping the Sensex rebound 2,671 points, or 7.6 per cent, from its 2019 low.
A fracture of interstate relations could be India's biggest risk coming out of the pandemic. This topped a list of critical risks for India over the next two years, according to Geneva-based World Economic Forum's Executive Opinion Survey (EOS), whose results were released on Tuesday. Other top risks include a debt crisis in large economies, widespread youth disillusionment, failure of technology governance and digital inequality.
Historically, tensions in West Asian regions have provided support to gold prices.
Reliance Industries was the only stock which defied the broader market trend
Irrespective of the global movement, gold prices in India are nearing the level of Rs 34,000 per 10 grams in the physical markets.
'Avoid going overweight on gold. But maintain a 10 per cent allocation via sovereign gold bonds,' Bajaj Capital MD Sanjiv Bajaj tells Sarbajeet K Sen.
Silver also reclaimed the Rs 34,000 per kg mark.
Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
Foreign Direct Investment flows to India in 2021 were 26 per cent lower, mainly because large M&A deals recorded in 2020 were not repeated, the UN trade body has said.
'The hackers' objectives were centred around smearing India's reputation, causing productivity loss, creating operational damage and seeking financial gains.'
Moody's has forecast that China would be the only G-20 country to post growth this year.
BSE listed firms' value slips below Rs 100 trillion mark.
The broader NSE Nifty rose nearly 124 points to settle just below the psychological 11,000 level.
Winter Olympics will be staged by a country that has grown far wealthier, more powerful
The overall gold demand during the second quarter of 2013 stood at 1,148 tonnes, the World Gold Council Q2 Demand Trends report said.
Demand bounces back but uncertainty over GST rate for jewellery casts a shadow over future.
Markets ended at record closing highs for the second day in a row on institutional buying.
The RBI refuses to classify a cryptocurrency as an asset since it doesn't have future cash flow and its value is always fluctuating because of speculation. There is also no consumer protection, observes Tamal Bandyopadhyay, and hence the e-rupee trial run.
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In the global market, the US dollar rose against the basket currencies in early trade as US President Barack Obama called for diplomacy in dealing with alleged chemical weapons attack in Syria but kept open the possibility of military action against the Assad regime.
Experts attributed the inflows to sudden rally in gold prices, mainly due to uneasy trade negotiations between the US and China and lower than expected global GDP growth.
The rupee on Monday plunged to a two-week low of 66.61 by falling 47 paise against the US dollar on heavy demand for the American currency from importers.
High frequency indicators suggest that a growth recovery is underway, but very tentatively and with weak legs, says Saugata Bhattacharya.
The G20 has cited India among other countries for launch of major investment initiatives and for having a sustainable growth.
The central bank, however, warned that the downside risks to growth could play out if global recovery slows.
Volatile currency market sentiment across Asia following a fresh round of China's yuan depreciation further added to gloom.
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
'In the absence of hostile or malafide intents (politically speaking), it is best to agree to pursue the matter soberly in courts of law. Fattening lawyers is far more conducive to international peace than agitating politicians,' says Nitin Pai.
India and the US had on July 17 signed a preliminary agreement for cooperating on emergency crude oil reserves, including the possibility of India storing oil in the US emergency stockpile.
SBI had a bad day, sliding the most by 5.36%. Others that dragged the key indices down were M&M, Reliance Industries and L&T.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
According to the report, Russia tops the table with 6,375 warheads, followed by the United States with 5,800, and the United Kingdom with 215 warheads.
"The basic idea is that India would like to continue to be the most beautiful woman wooed by all men, notably the two strongest in the house, US and China," the article titled 'Indo-US strategic distrust stalls LSA signing'.
IndusInd Bank was down nearly 1% even after it reported a 21% rise in its fourth-quarter profit
The uncertainty over the gravity of the pandemic's impact on the global economy and financial markets worldwide triggered a flight to safety among foreign investors as they rushed to exit from relatively riskier investment destinations, such as emerging markets like India, a report said.
Other Sensex gainers were Infosys, Wipro, ICICI Bank, Hero MotoCorp, L&T, Axis Bank,, Tata Steel, HDFC and Cipla.
The annual threat assessment of the US Intelligence Community released by the Office of Director of National Intelligence (ODNI) also said that the 'expanded military posture by both India and China along the disputed border elevates the risk of armed confrontation between two nuclear powers that might involve direct threats to US persons and interests and calls for US intervention'.
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