The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
RIL, as well as its partner Pioneer Natural Resources Co, are seeking a buyer for their stakes in Eagle Ford Midstream venture as they focus on shale oil production.
Analysts are expecting inflation to fall further in October and November on base effect. Inflation measured by consumer prices has been trending down for over four months, and came in at 6.7 per cent in September.
Vishal Sikka said such a plan is on the anvil.
Sanjay Mookim, India equity strategist at Bank of America Merrill Lynch, tells Puneet Wadhwa that this is not a time for investors to dabble in relatively small and illiquid stocks.
The battered rupee gained 225 paise to 66.55 against the dollar today, the most in at least 15 years, after the Reserve Bank of India eased pressure in the currency market by starting a facility for state-run oil refiners to buy foreign exchange.
'Despite uncertainties around demonetisation and the GST, we expect Indian equities to deliver positive returns.'
At a time when major economies have increased spending, India will have to do the same.
The Eclipse, with its vanilla and fruity palette, is easy to drink on the rocks, says Ritika Kochhar.
BJP loss could trigger a correction
Union Bank of India, United Bank of India reduced base rates.
Demonetisation impact, earnings growth, central bank policies will get attention.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
Analysts expect the indices to dip further if the global macros do not stabilise
May touch 64/$ due to foreign flows slowing down
FMC approves commodity bourse's contract-launch calendar for two years.
Broking firm Jefferies says Indian financial system is now flooded with the kind of liquidity witnessed in 2005-07 and 2009-10
In a major sign of transformation of manufacturing-dominated Chinese economy, annual output of its service sector may exceed that of the manufacturing sector for the first time ever in 2013, an expert said.
HDFC and Infosys contribute the most to today's rally.
RBI is committed to bringing down retail inflation to eight per cent by January 2015 and six per cent by January 2016.
According to the research arm of the country's largest lender State Bank of India, with stability in the currency, the RBI Governor is likely to lower the marginal standing facility rate, at which the RBI lends to the banks, once the lenders exhaust their overnight repo borrowing limits.
64% of 800 investors polled think it will start this week but weak US data suggest it might not be aggressive.
RBI is expected to cut policy rates by 50 basis points by 2016.
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
There's need to address growth, but weak rupee putting pressure on prices.
In a recent report, BofA-ML suggests investors to track these six event risks in July apart from the Greek drama
The Essar Oil, Rosneft deal also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions league table.
Market recovery on the cards in 2014 as investors are likely to chase higher yields
Bank of America Merrill Lynch on Monday trimmed India's economic growth estimates by 30 basis points to 7.1 per cent for the current fiscal, while global financial services giant Morgan Stanley downgraded its GDP growth forecast for the current fiscal to 7.3 per cent from the earlier 7.7 per cent.
The RBI opened a forex swap window in August to meet the entire daily dollar requirements of three oil marketing companies as the rupee depreciated to an all-time low of 68.85 against the US currency.
Experts say a lot of new wealth is being generated by promoters selling their stake.
BlackBerry has signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence, it said in a statement.
Only three of India's 45 commercial banks have cut base lending rates since the Reserve Bank of India's surprise easing this month, hurting the government's drive to lift business investment.
Though Indian banks don't have large exposure to subprime mortgages, analysts are worried at the rise in their restructured loan portfolios and deterioration in credit quality.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
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The rupee resumed lower at 61.15 per dollar as against the last closing level of 60.77 per dollar yesterday at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.44 per dollar before quoting at 61.40 per dollar at 1045 hours.
Maruti is expected to post double-digit growth on product launches and good demand for entry-level cars.
Bullion may settle with limited upside potential
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
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