President Donald Trump has tapped Jerome "Jay" Powell to lead the US central bank, bypassing Janet Yellen for a second term despite praising her excellent management of the world's largest economy over the past four years.
The FTSEurofirst was on course for its worst one-day per centage fall since it slumped more than 7 per cent in October 2008
Reacting to market specific developments, the domestic unit touched a low of 66.74 in intra-day trade before concluding at 66.65.
Being one of the early commentators to flag economic slowdown and caution investors on corporate earnings, Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction.
With banks staying out of the bond market, and foreign investors exhausting their investment limit, the question is: Who will buy the Rs 4.6 trillion bonds that will be issued from April.
On Wednesday, Daiichi Sankyo's lawyers argued for a stay on stake sale by Fortis, which was opposed by counsels of the hospital chain and promoter entities.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
Market sentiment around the stock has continued to be positive on the back of improving outlook for the US economy and anticipated weakness in the rupee.
The brokerage, which previously had a target of 31,000, cited global growth concerns for revision in the target.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
Hit by a massive sell-off in stocks of various group companies, Reliance Anil Dhirubhai Ambani Group today said it is a victim of a bear cartel that has caused a market value loss of over Rs 3 lakh crore (Rs 3 trillion) across the infrastructure sector in the past two weeks.
Investors rushed to get rid of their shares and the euro, resulting in renewed market turmoil across Asia and Europe.
The stubbornly high global crude oil prices are opening up a can of worms to heightened inflation risks and likely to disrupt government's fiscal maths along with deteriorating global financial conditions.
Oil tanked to a 7-year low as OPEC decided to maintain production.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
Several factors, like fear of FII withdrawals, high inflation numbers, telecom scam, RBI warning, etc, saw the markets plummet on Thursday.
The Nifty closed flat with a negative bias at 5,868 after touching an intra-day high of 5,890.
With the stock market nearing its all-time high, the best way out is to sell them in tranches.
China is slowing down, Europe is barely afloat and the US is meeting a larger chunk of its own demand.
Reflecting the bearish mood, all sectoral indices, led by metal, teck and healthcare, ended in the negative zone.
There is polarisation among sectors with IT and healthcare receiving the lion's share of FPI money in the past two quarters.
In February, FPIs sold $421 mn in debt; in March they have sold $133 mn so far
The world's largest truck maker Daimler is understood to be selling off its residual stake in Tata Motors for over $400 million.
A look into the challenges of selling loss-making public units.
India has been struggling to control the current account deficit that hit an all-time high of 6.7 percent of GDP in the December quarter.
Here's how even flop films make tons of money now!
The 'Indian story' will be badly damaged if the Modi government is not re-elected, argues investment banker Christopher Wood.
Coca-Cola will sell off its bottling business in India in the next few years.
Sebi's new FPI regulation has helped attract new capital pool, up registrations.
At the current market price of the stock, that stake would be valued at about $1.5 billion.
The 26-year-old man is looking for some 1,500 Internet users to invest in an apartment, and the owner will be chosen on the basis of a lucky draw, reports the China Daily.
Finance Minister Arun Jaitley said the government will continue to pursue policies to support growth amid global slowdown.
Insurance companies sell off inventory of flood-damaged vehicles to cut losses.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
Last year, the government had announced to infuse Rs 70,000 crore in PSU banks.
Rumours that Mr Xi was a market reformer appear to have been exaggerated.
If you are in credit opportunity funds, income funds or dynamic bond funds for a long-term goal, stay put.
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