It was women who unambiguously bore the brunt of the lockdown joblessness, says Kanika Datta.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
Experts say the stock market correction in recent times increases the risk-reward in favour of large-cap stocks.
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
Since 2005, in 8 out of 10 years (except in CY11 and CY14) the benchmark indices have given positive returns in December.
Prices in most areas have been stagnant but some regions are showing reasonable appreciation.
These banks need to build a significant deposit base to start full-fledged banking.
India's finance minister has emphasised that "it is the real economy that is going to matter.
In a short span of time, with the help of Amazon, Cloudtail was able to devise a model that could protect it from the vagaries of online retail business.
'You can't take money from Shaktikanta Das (the RBI governor) and give it to Nirmala Sitharaman (the Union finance minister). She will blow it away on Modi.'
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
The majority in the markets believe that a September lift-off is likely.
Gains were led by index heavyweights with Reliance Industries contributing the most.
Right now, in Modi's Cabinet and in the BJP, there is no challenge whatsoever to Modi's leadership but even those leaders who have some potential, who the Rashtriya Swayamsevak Sangh can think of backing in an unforeseen circumstance, are fast turning into damaged goods, reports Sheela Bhatt/Rediff.com.
Strong gains in metal, energy, auto and power shares lifted the key indices to new highs.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
This weakness is likely to continue in the near-term.
When big offers hit the market, broader indices corrected 2-4%
Housing prices could drop by up to 30% over 6 to 12 months after demonetisation.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
C K Ranganathan, CMD of the $12.50 billion CavinKare, in an interview with Shobha Warrier/Rediff.com, says though he sees signs of improvement everywhere, the Modi government has a long way to go to make the country business friendly
'The IPO window has been more or less open since the new government in 2014.'
Enabling labour to become more globally mobile can produce higher remittances with powerful 'brain gain' dividends.
'For Modi and Shah, the humiliating setback is bigger than the electoral defeats in New Delhi and in Bihar in 2015.'
Check out some of the stocks that will react on the basis of their numbers in the near term.
While far from being a currency war, India does not have much of an option but to depreciate to accommodate its exports at a time when China shows its intent to let its currency depreciate.
Emissions would still keep rising till 2030, and the path towards global warming would improve to 2.7c.
Economist Abheek Barua's insight into the global and domestic economy at the turn of the financial year.
'The middle class you can hurt anytime. For revenues, politics, pleasure, anything,' notes Shekhar Gupta.
Finance Minister must be hoping that Indians get over gold-addiction.
No other asset increases your wealth the way real estate does, says and if you are looking to make a lucrative investment which will surely give you the returns you deserve, property is the answer, says Saket Mohta.
Analysts said FIIs had created long positions worth Rs 9,700 crore (Rs 97 billion) in index futures till recently.
US economic growth slowed sharply in the fourth quarter.
Bengaluru dominates Karnataka's economy and its infrastructure mess compounds the problems, with policies lagging need and expectations.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
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