The rupee rallied for the second straight session by gaining 21 paise to end at 66.10 against US dollar.
The central bank's currency management will be critical over the next few months. A weaker rupee could help to revive exports. But, the currency must fall slowly and in controlled fashion, says Devangshu Datta.
In a recent report, BofA-ML suggests investors to track these six event risks in July apart from the Greek drama
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
Nifty PSU bank index dropped nearly 2%
A reversal of policy at this juncture could jeopardise the recent gains on inflation
Production grew by a mere 0.5 per cent year-on-year, a significant comedown from the 3.5 per cent clocked in June.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
India Inc on Wednesday said it looked forward to the new RBI Governor Raghuram Rajan initiating cut in interest rates and improving credit flow to crucial sectors like infrastructure to put economy back on high-growth path.
A Reuters poll had forecast retail inflation would slow to 8.35 percent from an annual 8.79 percent in January.
The manufacturing sector now contributes about 16-17 per cent to the GDP
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
Fresh investments are constrained by tepid demand.
The bigger worry is that its effects could linger well into the next financial year.
Trading through this coming week could be influenced by reactions to events in Europe and the US.
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
CLSA managing director & equity strategist Christopher Wood, and executive director Mahesh Nandurkar tell Puneet Wadhwa that the markets could give a return of around 10 per cent from the current level over the next year.
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
The fall in reserves was due to a sharp fall in foreign currency assets.
The global economy may just be entering a new phase.
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
Stock prices is due to valuation expansion
Govt keen to revive business sentiment in india.
A government panel examined the records of employees surveyed by Labour Bureau's quarterly enterprises surveys and mapped it with the EPFO's subscribers and found "unexplained variations" between the two.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
IDS-2 and raids to uncover black money stash keep receipts flowing
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
Giants like Pepsi and Coke are fast losing shelf-space to healthier, functional options.
Lower inflation, FCNR(B) outflows likely to influence central bank decision
The 30-share Sensex ended higher by 31 points at 26,591 and the 50-share Nifty gained 10 points at 8,061.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
L&T is the preferred pick, but given the opportunities in the power T&D space analysts are also positive on KEC, ABB and Kalpataru
Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 81 points at 8,750
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
