Earlier, politicians thought voters demanded a ceiling on inflation. Now, people want a floor on growth.
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year.
BSE market breadth was neutral with 1,383 stocks on the advancing side and 1,361 stocks on the declining side.
Sector-wise, banking, IT, pharma and realty indices drove the market momentum.
Sales expansion also down 4.4%
Global brokerage firm CLSA is positive on India's growth stroy.
The S&P BSE Sensex has gained 149 points to open at 25,802.
While green shoots are beginning to emerge, with June sales rebounding to pre-Covid levels thanks to a rural revival, most FMCG chief executives have voiced concerns about localised lockdowns that began in July and have extended into August in some states.
Monday's drop followed an 8.5 per cent slump in Chinese markets.
Sustained dollar selling by exporters and some banks in anticipation of further fall in the US currency in overseas markets helped the local unit gain for the second day in a row.
Investors took comfort from Finance Minister Arun Jaitley's statement, who underlined the need to have globally compatible tax rates to broad-base the economy
Fresh buying in banking stocks helped the index rebound into the positive zone. The index touched a high of 17,497 - up 182 points from day's low. The Sensex finally ended with a gain of 81 points at 17,435. The NSE Nifty moved up 42 points to close at 5,158.
'You need to devalue the currency, ignite inflation, which then begins to oil the wheels of the economy.' 'Without that this severe recession is not going to reverse.'
The 50-share NSE Nifty shed some ground to settle at 8,699.40 points, up 40.30 points, or 0.47 per cent
The index touched a day's high of 17,293 in noon deals. The Sensex finally ended with a gain of 13 points at 17,243. The market breadth was positive - out of 2,795 stocks traded, 1,710 advanced, 1,009 declined and 76 were unchanged on Wednesday. The NSE Nifty settled with a gain of 13 points at 5,118 points.
The Sensex opened 52 points lower at 16,687, and soon slipped to a low of 16,598. The Sensex finally ended with a gain of 45 points at 16,784. The NSE Nifty moved up 12 points to close at 5,049. BHEL and Jaiprakash Associates soared 5.5% each to Rs 1,872 and Rs 246, respectively. ACC, ONGC and Cipla gained 2.3% each at Rs 819, Rs 1,054 and Rs 231, respectively. HDFC, ICICI Bank, ITC, DLF, L&T, Tata Motors and Ambuja Cements were other gainers. TCS slumped 10.6% to Rs 887.
The Sensex opened with a negative gap of 75 points at 15,513, and slipped to a low of 15,465 in early deals. But the Sensex finally ended with a gain of 203 points at 15,791. The NSE Nifty settled with a gain of 37 points at 4,747. HDFC Bank, BHEL, Tata Steel, ICICI Bank, Cipla and Reliance Energy, L&T, Ambuja Cements, Reliance, Hindalco and Infosys were major gainers. Maruti and Hindustan Unilever, Bharti Airtel and TCS were major losers. Orchid Chemical topped value charts.
Markets ended in red, index heavyweights drag.
A negative oil shock, together with rising government-bond yields, could clip the recovery's wings, says Nouriel Roubini.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
Rupee closed at 61.86 against the dollar on Tuesday.
The Sensex opened with a negative gap of 22 points at 12,862
The Sensex opened a tad (five points) higher at 12,792,
Reliance Infrastructure has gained nearly 2% at Rs 845. ACC, Larsen & Toubro and Mahindra & Mahindra are up around 1.5% each at Rs 602, Rs 2,539 and Rs 545, respectively.
The NSE Nifty moved in a range of 73 points before settling with a loss of 18 points at 4,395.
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
The analysis by Moody's assumes significance with many central banks around the world talking about exit from monetary stimulus soon to tame the rising inflation.
The 50-share Nifty bounced 83.35 points, or 0.86 per cent, to 9,794.15 at close.
Sensex, Nifty put up a good show in closing trade.
The fall in crude prices has added to the gains.
The RBI fixed the reference rate for the dollar at 65.2525 and for the euro at 72.1954.
The market witnessed volatile movements during the early hours of the trading session on Friday.
Rolex has been masterful at playing the demand-supply game, limiting its issue of coveted and in-demand watches to only one or two pieces per dealership.
Other gainers included Kotak Bank, HCL Tech, ONGC, Asian Paints, Vedanta, HDFC Bank, Bajaj Finance, Maruti and TCS, gaining up to 1.41 per cent. Sun Pharma was the top loser, cracking 8.58 per cent.
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
The Sensex ended at at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points.
Losers included Bharti Airtel, SBI, Wipro, Vedanta, Maruti Suzuki, ICICI Bank, Axis Bank and Reliance Industries, falling up to 2.18 per cent.
The Sensex opened marginally weak at 6,757 and inched lower to touch an early low of 6,737 on selective selling pressure.
The NSE Nifty ended at 3061, up 107 points. The market breadth was fairly positive - out of 2,547 stocks traded, 1,490 advanced, 966 declined and 91 were unchanged on Thursday.
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