The BSE Sensex hit another lifetime high of 40,030.86 on Thursday morning as the ruling National Democratic Alliance (NDA) won majority in the Lok Sabha vote count. The VIX, or the volatility index, dropped by over 27 per cent to 20.15 from the 30 that it had hit on Wednesday when fresh nervousness gripped investors ahead of counting day.
Dissatisfaction with India’s lagging economy didn’t deter voters from handing Prime Minister Narendra Modi and his Hindu nationalist party a landslide parliamentary election victory. Defying unfavourable global markets, domestic indices inched up on Friday as investors cheered the formation
Indian markets fell on Thursday ahead of the key macro data such as IIP (index of industrial production) numbers for July and retail inflation (CPI) print for August due later in the day.
Weak growth numbers released over the weekend resulted in a bruising sell-off in the markets on Tuesday, erasing 770 points from Sensex. Growth-sensitive stocks, state-run banks and manufacturing companies contributed most to the fall.
Indian markets took it in their stride the trade-related tensions troubling overseas markets and advanced sharply on Monday on the back of Finance Minister Nirmala Sitharaman’s measures announced last week to combat slowdown
The equity and currency markets declined on Monday over heightened trade tension between the US and China, and the political developments in Jammu and Kashmir (J&K).
Mumbai: In a bid to strike a balance between the “inadequate” 25 basis points (bps) and “excessive” 50 bps, the RBI on Wednesday slashed key policy rates by an unconventional 35 bps, but markets slid as it revised down the economy’s growth forecast. Metal, PSU banks, auto and realty stocks contributed
Sensex closed on Friday’s session with an unprecedented 5.32 per cent advance as Finance Minister Nirmala Sitharaman announced yet another big ticket announcement to kickstart the economy.
Sensex and Nifty gained for the second straight day on Friday amid reports that the government could roll-back or tweak the controversial tax on the Foreign Porfolio Investors (FPIs).
The Sensex and Nifty on Thursday came under heavy selling pressure over fading hopes of a stimulus to revive economic growth. Chief Economic Advisor (CEA) K. Subramanian at a summit in New Delhi said the Indian economy