'I hope the trend is sustainable and that economic activity accelerates going forward.'
Here are 10 global and domestic factors.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
Irked by angry reactions to his Facebook post on 'World UFO Day' on Wednesday, Finance Minister Arun Jaitley withdrew the message within hours.
The monetary authority said it was worried on three fronts with regard to inflation as well as the economy.
Excise duty hike for cigarettes could be lower.
Government's food subsidy bill tends to rise in tandem with the MSP increase.
Amul, Gowardhan raise prices by Rs 2 a litre; others might wait for some time.
This is the highest closing for both the indices since May 15.
In August 2013, import duties on gold, silver and platinum were hiked to 10 per cent in order to curb the surging imports and also to check CAD.
The sentiment around Indian equities remains positive and unchanged.
The way to enjoy Munnar in the monsoons is to make peace with the rains, says Geetanjali Krishna.
A fall presents an opportunity to buy rate-sensitive stocks.
The overall AQI deteriorated further and touched the 268 mark, which falls in the poor category.
Retail inflation has eased from double digits in 2013.
The government will take special efforts to ensure adequate credit flow to underserved areas -- the eastern states and Jammu-Kashmir, he added.
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
'Investors hate uncertainty and the demonetisation move certainly creates that.'
You don't need to be a fan of Jurassic Park or Jungle Book to head out on these holidays!
BJP-ruled Maharashtra levies 46.52 per cent VAT (47.64 per cent in Mumbai) on petrol, the highest in the country.
RBI likely to cut rate early next year.
An analysis of past 20 years' demand cycles done by Edelweiss Securities indicates that the auto sector is currently in the middle of a down cycle. Volume recovery, they say, is unlikely to be as sharp as in the past, unless there is strong fiscal support.
Costlier vegetables slowly pushed retail inflation, which had remained well within the Reserve Bank's comfortable level of 4 per cent during most part of 2019, peaked to more than three-year high of 5.54 per cent in November.
The lockdown has taught companies a lesson or two on running business with fewer human resources. These lessons are unlikely to be forgotten, observes Mahesh Vyas.
Worries remain on earnings-valuations mismatch, global issues; resolution of the MAT row could be biggest positive trigger
Gains were led by Tata Motors amid robust sales in June along with select financials.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
The country's GDP grew at the fastest pace in seven quarters at 7.7 per cent in the January-March period, retaining the fastest growing major economy tag on robust performance by manufacturing and service sectors as well as good farm output.
RBI is closely monitoring monsoon.
While a pick-up in summer monsoon rains in recent weeks is expected to cool food inflation, most analysts don't anticipate another rate cut before a new governor is on the job
He said the UPA had left the economy in a dire state, with Consumer Price Index and food inflation at double digit, Wholesale Price Index inflation around 6-7 per cent and growth prospects were limited.
According to estimates, if the companies are not allowed to raise petrol rates at least Rs 5 a litre by the first fortnight of September, they might begin to suffer underrecoveries on this decontrolled auto fuel, too -- for the first time this financial year.
The RBI has made serious attempts to improve fiscal deficit.
Sensex ends lower; govt schemes in focus.
The Reserve Bank is likely to cut the repo rate by 25 basis points (bps) after the Budget.
Analysts expect the Reserve bank to cut rates in next monetary policy.
Participants will keenly watch fate of GST Bill in Parliament.
The public sector banks are not in a position to cut rates because of their weak balance sheets and massive portfolios of non-performing assets, says Devangshu Datta.
India was the flavour of the year, at least in the FMCG sector, as multinationals hiked stakes in their subsidiaries lured by long term potential of the country, while homegrown executives made their way to top hierarchy of global firms in 2013.
