If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
Technical fault was the reason behind it.
The markets have been unable to sustain at higher levels as a rise in bond yields globally, especially in the US have dented sentiment. Surging commodity prices, especially crude oil that have now hit $70 a barrel (Brent) coupled with inflation woes and fear of sporadic lockdown across major economic hubs back home as Covid cases rise have chased the bulls away. In the short-term, analysts expect the markets to remain volatile as they react to news flow - both from overseas and developments back home. Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs), including India.
Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm
Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
A weak economy coupled with rising Covid-19 cases and inflation that is above RBI's comfort zone, geopolitical developments, and upcoming India Inc's second quarter results for FY21 could impact sentiment, analysts say.
The FATF continuing Pakistan in the 'Grey' list means its downgrading by IMF, World Bank, ADB, EU and also a reduction in risk rating by Moody's, S&P and Fitch.
The 30-share BSE Sensex closed at 20,822 down 72 points after touching a high of 21142.85 while the broader 50-share Nifty index closed at 6,187 levels down 27 points; the index touched a high of 6,289 today.
Key indices ended weak for a third consecutive session after a stellar rally.
'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.
The Nifty Options would add to SGX's suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants.
The Sensex has slid 18.5 per cent from its January 2015 peak.
So far, there seems to be limited debate about their activities in India, where virtually all FAANG companies have teamed up in different ways with India's most powerful businessman, observes T N Ninan.
Markets ended way off their record highs as investors booked profits ahead of NDA's new cabinet and its key policy measures.
Professional CEOs in the sector draw a much higher remuneration than promoter CEOs, points out report by IiAS.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
It feels govt may find it challenging to meet the revenue projections.
True sustainable growth can come only through an increase in productivity, and such increases can happen only through innovations, technical and organisational, in all sectors of the economy - industry, services and agriculture, writes Ajit Balakrishnan.
When it comes to financial markets, fear and greed play a large component in determining market prices.
In the male-dominated corporate world, these women have proved their mettle and turned out to be inspiring and successful role models.
RBI Deputy Governor K C Chakrabarty said the central bank will come out in June with its next financial stability report, which showcases the country's financial strength, and
Standard & Poor's, which has threatened to downgrade the country's sovereign rating to junk, sees economic growth improving.
Standard & Poor's, which has threatened to downgrade the country's sovereign rating to junk, sees economic growth improving.
Though most analysts expect the global central banks to keep the liquidity tap open, valuations of Indian markets, they say, are beginning to look stretched. Against this backdrop, they remain cautious, with some even expecting a minor correction from here on.
SBI, Tata Motors, Bharti Airtel, ICICI Bank and Reliance Industries among top gainers.
The government said in a court filing it was seeking civil money penalties from S&P and McGraw Hill.
With the Sensex again nearing 28,000 points, investors can make good returns with a one-two year horizon.
Besides Budget, markets will be driven by global events and the outcome of assembly elections.
Global rating agency Standard & Poor's said the government's decision to increase domestic gas prices is likely to benefit two major gas producers Oil and Natural Gas Corp (ONGC) and Reliance Industries Ltd (RIL).
The economic costs now beginning to show up in the hard numbers are far worse than initial expectations.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
India's macro finances are getting into good shape.
Global ratings agency Standard & Poor's on Thursday pegged India's FY'14 GDP growth at 6.4 per cent, one of the most optimistic estimates among analysts, and said it may upwardly revise outlook on the sovereign rating if the government continues to focus on policy initiatives.
Though analysts suggest that there are downside risks to economy, by announcing/advancing general elections, markets would be able to look beyond uncertainty.
The Bombay Stock Exchange's 30-share Sensex closed at 18,401 up 405 points. The National Stock Exchange's 50-share S&P CNX Nifty closed at 5,409 up 124 points.
There is a general meeting of minds among observers on the difficulty of positive factors breaking through.
The Bombay Stocks Exchange S&P BSE Sensex plunged by over 750 points, or 4%, its biggest fall in four years, to end at 18,598 on fear that the roll-back of US stimulus could spark selling pressure by the overseas investors in the equity space.
BHEL, YES Bank, RCom, Titan Ind, JP Associates, BF Utilities, Ruchi Soya and Punj Lloyd have tanked more than 10% each on BSE.
While retaining India's sovereign rating at 'BBB-' with a negative outlook, S&P said there is at least a one-in-three likelihood of a downgrade within the next 12 months.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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