Data late on Wednesday showed consumer price inflation eased more than-expected to a 25-month low of 8.10 per cent in February, while industrial output unexpectedly expanded, albeit only by 0.1 per cent.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
The 30-share Sensex gained 117 points to end above 29,000 at 29,006 while the 50-share Nifty gained 32 points to close at 8,761.
The S&P BSE Sensex ended the session at 25,342, up 3 points while the Nifty50 closed at 7,738 points.
Data showed the country's wholesale price-based inflation eased to an eight-month low in January as food prices moderated, offering some relief to policymakers who have long battled to get a handle on surging prices.
The domestic currency had lost 63 paise to close at over four-month low of 61.18 against the dollar in Friday's trade on weakness in global stock markets and a strong US currency overseas.
The rupee on Thursday appreciated 20 paise to end at 62.37, its highest in two weeks, on positive trends in local equities and fresh dollar selling by exporters.
Says operating environment for Indian corporate sector has improved during FY15
Significant investors in government bonds FIIs have been net sellers since May 22.
The rupee has depreciated 2.35 per cent in the past three months and one per cent in the past month, despite strong capital flows and falling oil prices.
Bucking a strong trend in share market, the Indian rupee on Monday gave up all its initial gains and slipped 18 paise to close at 61.94 against the Greenback on rising dollar demand from importers.
Barclays, the global brokerage firm, also stated that the election verdict could lead to a weakness in the stock market.
Comparative to other Asian GDP growths, India would have the fastest economic expansion, it said
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While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
Gold loans can be released online or by bank transfers.
The question is whether the Indian economy has the advantage of other vibrant sectors that can step up their performance on the exports front, says A K Bhattacharya.
According to HSBC, the 'storm has abated' for the Indian markets as the US Fed has deferred tapering of its quantitative easing stimulus, and as the new Reserve Bank of India Governor Raghuram Rajan has taken steps to contain the rupee fall.
The rupee had surged 37 paise to end at a nine-month high of 59.68 against the dollar on Tuesday. Forex market remained closed on Wednesday for 'Buddha Purnima'.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
Markets will remain closed today on account of voting for the general elections in Mumbai constituencies.
Extending its losing streak for the fourth straight day, the rupee weakened by five paise to 61.01 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
India's foreign exchange reserves surged $5.04 billion in the week ending March 28, its biggest weekly rise in four months, as the central bank started to buy dollars regularly in an effort to build up its defences against any potential global turmoil.
Last date for submitting the offer is August 27.
The rupee has depreciated by about 25 per cent in the past three months, from close to Rs 83 in mid-May, while it was even higher at about Rs 80 against the British Pound in March.
The rupee had gained nine paise to close at nearly one- month high of 61.84 against the dollar in yesterday's trade after the government said in the interim Budget that fiscal deficit this financial year will be capped below target.
TCS, Infosys and Wipro were down 0.4-2% each. Capital goods majors also ended lower with L&T and BHEL down 1.4-3.9% each.
Controversial England batsman Kevin Pietersen will be one of the first players to go under the hammer, along with senior India discards Virender Sehwag and Yuvraj Singh, when the two-day auction for the cash-rich IPL commences in Bangalore on February 12. The initial list of 651 players was pruned to 514, including 219 capped players, by the IPL governing council.
Markets end in red; bluechips struggle to keep pace.
While India's money-spinning cricket league lavishes million-dollar deals on players for just a few weeks of competition, the national ice hockey team has had to go begging on social media to fund their trip to Kuwait for an international tournament.
Forex dealers said weakness in local equities cast a shadow on the rupee. Dollar losing in overseas markets didn't impact the fall of the local currency, they added.
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Nearly 40 developers participating in HDFC Indian Homes Fair in London would showcase thousands of property.
Among other stocks, IT firm Mphasis today reported a 15.30% increase in consolidated net profit at Rs 184.72 crore for the quarter ended September 30, 2015.
The HSBC Markit Services Purchasing Managers' Index fell to 51.7 in June from May's three-month high of 53.6, in a sign that Asia's third-largest economy is still struggling to climb out of a quagmire of low growth and high inflation.
Most Asian stock markets steadied on Wednesday.
Rate sensitive sectors were among the top gainers with Tata Motors and ICICI Bank leading the gains on the Sensex.
India's prolific film industry churns out scores of movies with plotlines bordering on the absurd every year but even Bollywood might have dismissed as too preposterous the story of the rise of soccer club Aizawl FC.
In line with rally in stocks, the Indian rupee on Monday appreciated for the second straight session and closed with a eight paise gain at a one-week high of 61.36 against the Greenback.
Petrol gets expensive but diesel is cheaper by Rs 1.35/ per litre.
Health insurance expert Anil Rego in an online chat with readers answers health insurance queries.
Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
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