Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
The Survey shows fiscal consolidation despite slowdown in growth.
'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
IT shares lost ground tracking a sell-off in tech stocks on Nasdaq on Friday
Positive cues from the global market front aided the rally.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
Economic Affairs secretary S C Garg said inflation has consistently come down since 2014 and will not cross 4 per cent this fiscal.
These firms offer job security and lucrative salries.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
Non-performing assets of banks have been on the rise for past several months due to slowdown in the economy.
Raghuram Rajan's 'surgery' uncovers more bad loans
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
Overall, the Survey warned that unless shifts in the vision of development were articulated and embraced, the Indian economy would lose the chance to move to a high-growth trajectory.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
Food and fuel are two perennial areas of concern.
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
The market direction will be guided by corporate earnings, especially the oil & gas companies, since they were responsible for earnings disappointment in the past quarter as well.
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The Reserve Bank on Monday warned lenders against outsourcing their credit processing activities to third-party entities.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
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In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
The Bank of Japan's action has nullified the effects of the end of the US' quantitative easing programme but the dependence of foreign institutional investors remains a concern
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
India's state banks are under pressure to improve profitability.
Though not a blockbuster budget it does not undermine the fact that key issues were addressed and the finance minister certainly did not under-deliver, says Vatsal Srivastava.
While demonetisation will benefit the organised sector, the government has to find a way to channel the upcoming revenue buoyancy towards job creation to balance out job losses in the informal sector, says Akash Prakash.
S Naren, CIO of ICICI Prudential Mutual Fund, in an interview with Chandan Kishore Kant, says cyclicals will offer good value.
Trade union leaders claimed that the strike would be even bigger than the one last year as the number of striking workers is expected to swell to 18 crore
Going through these steps are by no stretch of imagination fun things to do, but if you do indeed lose your wallet, these steps may come in handy and reduce your stress.
A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the Current Account Deficit woes.
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.
Senior Executive Director & Co Head (Strategy) of Kotak Institutional Equities Sanjiv Prasad tells Prasanna D Zore/Rediff.com that even if there are a number of challenges facing the Indian equity markets, there are certain sectors that offer a ray of hope.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
Nifty snaps 10-day winning streak
Sensex closed the day 416 points higher.
