Sensex rises, Nifty ends at record high; RIL shares rally.
'At this point, it does not appear to be a Lehman Brothers kind of crisis, which had a domino effect on the financial system.'
Revival in domestic business should also help overall revenue growth.
Sensex closed the day 416 points higher.
Given that there are hundreds of players in the shadow banking space, it's hard to make a credible estimate of potential NPAs. That creates more scope for panic, says Devangshu Datta.
China's economy grew 6.7 percent in the second quarter from a year earlier.
Reliance beat analyst expectations on almost all parameters
With nearly a quarter of U.S. energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month.
As FIIs pull out of road projects, doubts have surfaced about the future of new highways and roads
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
The rupee on Thursday appreciated 20 paise to end at 62.37, its highest in two weeks, on positive trends in local equities and fresh dollar selling by exporters.
Standard and Poor's raised the outlook for India's "BBB-minus" rating back to "stable" from 'negative,' saying Prime Minister Narendra Modi government's 'strong' mandate would allow it to implement fiscal and economic reforms.
Markets surged in late trades to snap five-day losing streak led by bank shares.
While some companies, such as HSBC, have closed retail operations, big players such as India Infoline is scaling down.
Dairy, sugar prices fall sharply, despite El Nio fears
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
The decline is attributed to lower salary growth and a rise in households' financial liabilities.
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
Recent recovery in the white metal was reflected in a falling gold to silver price ratio.
The previous bout of Fed withdrawal fears had threatened to spark a crisis of confidence in India -- sending the rupee to a record low of 68.85 in late August and leading to steep falls in bonds and stocks.
The estimates of national income and growth do not pass the 'smell test'.
And here's how not to make them...
Gold has pushed lower as a result of Chinese selling.
Because of India's weak fiscal position, the plethora of debt-burdened infrastructure companies and the poor asset quality of public sector banks, economic growth in 2015-16 may be limited to about six per cent, say Shankar Acharya.
FM should avoid proposals such as to tax financial transactions and fringe benefits
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SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
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