Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
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 are committed to building a new India. We have to do this as early as possible," he said.
'The change of vocabulary in the India-US conversation was significant and refreshing.' 'It matched the styles of Trump and Modi.' 'The differences were not papered over, but there was determination to resolve them in the days ahead,' says Ambassador T P Sreenivasan.
India is also likely to push for a Free Trade Agreement with the Eurasian Economic Zone and is sharing details of the study it conducted in this regard.
If there was one event that made the month of August stand out, it was a strengthening of the dollar index to levels last seen only 20 years ago, as the Federal Reserve dispelled all doubts about its intention to continue raising interest rates. Predictably, most currencies suffered against the US unit, with the bulk of the losers belonging to the emerging markets pack. Amid the volatility, the rupee, however, has displayed significant resilience and fared much better than most of its peer currencies.
In his pre-departure statement, he said trade ties between India and Russia can increase even further, to benefit not only the two nations but also the world.
'Our family philosophy is to build a bridge between India and Britain.'
Big ticket defence deals including purchase of missile systems, frigates and joint production of helicopters were sealed on Saturday.
Geopolitical climate and equity markets as supportive for gold's role as a risk hedge.
During his two day visit, Modi is expected to seal a raft of major deals in defence, nuclear energy and hydrocarbons sectors to further cement their 'special and privileged strategic ties'.
India must develop structured multilateralism to its defence buys
A new Congress leader may make an electoral impact by his very presence. Congress voters who had moved away from the party, after being influenced by the BJP's 'family rule' campaign, can now return with a certain moral satisfaction, observes N Sathiya Moorthy.
The US side is yet to respond to the invitation but initial indication has been positive, it is learnt.
India needs to have a re-look of whole gamut of its relations with major powers and also prepare for a more turbulent neighbourhood. But such is the tyranny of Indian status quo mindset that any talk of re-look at nuclear doctrine or foreign relations is treated as blasphemy, says Colonel (retd) Anil Athale.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
Modi may take satisfaction from his display of considerable political skill in managing a mercurial, temperamental and unpredictable US president and nudging him into uncharacteristic restraint and even carefully orchestrated remarks. This personal chemistry will come in handy if Trump returns as president in the November elections, says former foreign secretary Shyam Saran.
The reimposition of sanctions on Iran will have major impact on countries like India, with which it has traditional and historic trade relationship.
Vietnam is a key player in India's act east policy under Prime Minister Narendra Modi. From India's perspective, a strategic partnership with Vietnam will only deepen political, economic, and security ties and be a bulwark against China, say Melissa S Hersh and Dr Ajey Lele
'The Chinese are only about 160-170 km behind.' 'It will not take much time for them to bring their troops back, considering that they have better infrastructure -- and the weather is now favourable.' 'They can move in much faster as the terrain favours them.'
The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
The rupee strengthened by 13 paise to 61.67 against the US dollar at close.
'It has taken bombings in Beirut, bombing of a Russian airliner and now terror attacks in Paris for people to realise that we are not going to achieve our objectives of destroying ISIS if we drive in second gear. We need to get into top gear.'
Optimism about a stable govt at the Centre, a demand revival and falling oil prices buoyed the markets.
With EU, it is part of the FTA that we will need to negotiate.
A theory that is doing the rounds is that with election nearing, this depreciation of the rupee will allow politicians of all hues to bring back their ill-gotten wealth.
After Pyongyang tests a missile potentially capable of reaching the US, Dr Rajaram Panda explores the realistic -- and peaceful -- options before Donald Trump and the international community at large.
