Buying in IT stocks - spurred by a global trend - accounted for the bulk of the gains in the benchmark indices
This comes even as raw material prices cool
This move by the central bank results in premiums crashing
The latest gain comes on the back of easing commodity prices and supply chain issues
FPI selling in June nears Rs 50,000 crore
Ministry's report urges rationalising non-capex spend not only for protecting growth supportive capex but also to avoid fiscal slippages
The article noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and financial market volatility have led to heightened uncertainty
The MCX Natural Gas futures can slide all the way towards its 100-DMA placed at Rs 485-level; Crude Oil prices may see share reaction on breakout of the Rs 9,000-9,700 expected trading band.
The exception is energy, which isn't dictated by liquidity conditions, but by decisions of the Opec-plus cartel, where plenty of other factors come into play
The expectation of the expansion of the current account deficit is not just driven by elevated global commodity prices, but is also linked to the unlocking of the economy reviving pent-up demand and improved vaccination cover aiding an organic recovery in the economy, ratings and research firm Acuite Ratings & Research said in a report.
The GDP expanded by 4.1 per cent in the final quarter of the 2021-22 fiscal year, according to data released by the National Statistical Office.
Surplus to government fell due to large transfer to Contingency Fund
Unlike in the past, the Centre isn't restricting movement within the economy, but has only imposed export curbs. Consequently, there is no rush to use the Essential Commodities Act
The agency said the hiccups in the recovery of the contact-intensive services attributable to the third wave of Covid-19 in the country may have also affected the economic growth in the quarter
Higher global food prices are part of a wider trend of cost-of-living increases already at work in both advanced and emerging economies.
According to data by Bizom, mid-single-digits to double-digit price rises are being seen in all essential foods because of the increase in input, logistics, and packaging costs
Goods producers have passed on more input cost increases than services producers
Asian markets had suffered their worst day in over a month overnight on fears that Beijing was about to go back into a Covid-19 lockdown
Jigar Shah, CEO, MIB Securities India, tells Puneet Wadhwa that retail money inflows into markets would decline with the start of the interest-rate expansion.
'Employment generation is both a near-term and long-term priority', said Nageswaran