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For now, the rupee is likely to remain dependant on global factors. The dollar held on to broad gains on Thursday after Fed chairman Bernanke said the central bank still expected to start scaling back its bond purchase programme later this year, but left open the option of altering that plan.
No new capacity addition is planned for 2018 and capital expenditure plans are on hold
Market players say the government is likely to attempt, at least, one big-ticket sale this month.
The 30-share Sensex ended higher by 30 points.
The larger virtue of maintaining fiscal credibility should not be unduly diluted by quibbles on the fiscal math, says Sajjid Chinoy.
'The attacks made clear to all the Gulf States that Pakistan was the nursery and sanctuary of extremist violence and that this violence threatened all the countries in the region.'
Sweden has the world's highest negative rate.
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.
Global brokerage firm CLSA is positive on India's growth stroy.
Analysts expect the central bank to remain watchful of inflation.
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
The government on Tuesday announced a host of measures to tame inflation, which had soared to a five-month high of 6.01 per cent in May.
'We aren't so unreasonable as to demand that he should have fully reversed Indira Gandhi's worst economic legacy, bank nationalisation.' 'But he could have made a beginning by selling off the two most stressed small public sector banks, and then announced that each year for the next 10, one government bank with the most messed-up balance sheet will be sold.' 'It would have electrified the markets, shocked his other banks into better behaviour, and marked his name among the great reformers,' argues Shekhar Gupta.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
The policy will be presented in the backdrop of rising inflation.
The US #DeepState has had a fine run, but will now discard Saudi Arabia as it is no longer useful to them, says Rajeev Srinivasan.
'My sense is that we should be braced for a correction.' 'It has already begun in the mid-caps for the past month, and will now spread to larger stocks as well.' 'Use the correction to upgrade the quality of your portfolio,' advises Akash Prakash.
The government has taken a number of steps to stem the depreciation of rupee including moderation in demand of non-essential imports and enhancing supply of capital flows, Finance Minister P Chidambaram said.
The year 2015 may well turn out to be a watershed in global macroeconomic adjustment.
India has not been able to compete with countries such as Bangladesh and Vietnam.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
'With technology advancing rapidly, the need for branches is declining.'
Benchmark 10-year bond yields hit a 13-month peak as bond traders priced in more aggressive monetary easing next year.
Indian indices fell more than those of most other emerging markets.
In the latest large opinion poll, the opposition Bharatiya Janata Party and its allies were forecast to win a narrow majority in the 543-seat lower house of parliament, compared with previous surveys predicting that they would fall short.
The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.
Stick to export-focussed plays, large-caps, say analysts
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
Raghuram Rajan's decision to go back to academics might spell short term negativity for the stock, currency and bond markets.
From a trickle in 1990, when militancy erupted in the valley, the numbers have, however, gradually seen an upward trend.
BJP's success in two state elections gave Modi room to cut through a thicket of regulations and state controls.
There are a few factors that can spoil the party
Chidambaram also said the government will take steps to curb imports of gold, silver, oil and luxury goods.
Nearly half of the 20 indexes polled globally are now expected to end the year lower than where they started
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
In a premise begging for food porn, there's a shocking scarcity of sensory pleasure or vision. You'll see more gastronomic delights in the two-minute trailer of the original Chef than in this entire movie, feels Sukanya Verma.
ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.