Among the Sensex losers, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent.
"US President Barack Obama should have visited the world's largest democracy last year itself. India is the future and meetings between the countries should be a continuous process," said Pete Dagher, Obama's campaign manager, who is also a political analyst.
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
'The hardliners in Delhi are in for a big disappointment,' predicts Ambassador M K Bhadrakumar.
Both the Asian giants were among the top three countries spending more on armaments, according to a new report by the Stockholm International Peace Research Institute.
The South Asian nations could script a new history of cooperation and prosperity that could serve as an example for other nations, notes Dr Rahul Mishra.
Imports too declined by 16.31 per cent to $37.39 billion.
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
The strategic alliance between China and Pakistan is primarily driven by their rivalry with India, eminent US experts have said, with one of them expressing concern over Sino-India border tensions.
Interestingly, in his entire remarks, Modi never once mentioned regional security, Ambassador M K Bhadrakumar points out.
The agreement would divert China's attention and keep them busy in the Pacific theatre, probably resulting in a reduction in threat perception in our area of interest in the Indian Ocean, notes Commodore Venugopal Menon (retd).
The WTO's quarterly outlook indicator, comprising seven trade parameters, stood at 96.3, the lowest since March 2010 and down from 98.6 in November. Exports from India would be hit if there is a slowdown in world trade.
'There is an understanding between the people of two countries that violence is not going to solve the Kashmir issue. A final understanding will take time,' says former national security adviser Brajesh Mishra.
'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei
Will Covid-19 permanently change higher education, asks Ajit Balakrishnan.
Irrespective of the global movement, gold prices in India are nearing the level of Rs 34,000 per 10 grams in the physical markets.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
The upward revision in growth forecast for current fiscal comes in the backdrop of GDP expanding 8.2 per cent in April-June quarter, higher than Fitch's expectation of 7.7 per cent.
Referring to its immediate neighbourhood in its 'report card', the government said it had been able to engage Pakistan in a 'meaningful and constructive dialogue that has the potential to bring peace and prosperity to our region as a whole'.
Investors not stop their SIPs or STPs due to election-related uncertainty.
You may be popular initially because of politics and ideology but if the economy slows down, you will be losing your popularity: Nouriel Roubini.
'From the Indian perspective, Trump's invitation to Imran Khan to visit the White House is a bitter pill to swallow,' points out Ambassador M K Bhadrakumar.
CARE Ratings, in a report, said it foresees an increase in the retail prices of petrol and diesel in the coming few days, depending on how the oil markets react in the reduction in supply from the cartel.
China, a veto-wielding member of the UNSC, has blocked the move by India and other member nations three times in the past to designate Azhar.
'What India needs to do is to re-build those cultural links in a way it didn't.' 'Clearly, India needs to wake up and spend more time on ASEAN.'
'How and if India retaliates will go a long way toward determining the trajectory of this crisis.'
'Equities are likely to be range-bound with a downward bias for the remaining part of the year.'
Mandatory hallmarking of gold would be a positive in making the gold market more organised. Mandatory hallmarking would come into effect from January 15, 2020, with a one-year transition period for trade to sell existing inventories. Experts also expect more policy measures next year to bring in more transparency in terms of gold as an asset class.
Assume that the rupee will trend lower over the next 10 years as India increases overseas sovereign exposures, and your long-term asset allocation should be geared to deal with this trend, suggests Devangshu Datta
'The US and India are engaged in a dialogue for missile defence. I hope it will allow the Indian government to protect the Indian people from Chinese missiles,' says China expert Richard Fisher.
'Only when China treats India as an equal can we consider them real friends.'
'The challenge before the two countries is to turn the peak into a plateau and enter an irreversible phase of cooperation,' notes Ambassador T P Sreenivasan.
Last year, Jet Airways and Air France-KLM signed an enhanced cooperation agreement' for the development of their operations between Europe and India
Amid tensions over the South China Sea, China on Wednesday warned the United States not to take "dangerous actions" that threatens its sovereignty and security interest, days after an American destroyer patrolled the disputed area.
'There are reports of political dissent mounting on Xi Jinping's handling of the Wuhan fallout.'
'The biggest challenge Swaraj and Sitharaman will face is how far they can take their counterparts Pompeo and Mattis seriously.' 'One just doesn't know how long they will even keep their jobs.' 'They are basically salesmen peddling American wares.' 'Actually, there is nothing like 'American policies' in the Trump era,' says Ambassador M K Bhadrakumar.
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
NSE Nifty, after shuttling between 10,809.60 and 10,725.90, finished 30.95 points, or 0.29 per cent lower at 10,741.10.
'Modi and Xi can solve the India-China border problem in a single sitting by keeping the big picture before them, by sweeping away the cobwebs of the past, and by mustering a statesman-like spirit and a long range vision,' says B S Raghavan, the distinguished civil servant.
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