Opportunity for India by adopting more open and welcoming policies by reducing tariffs that allow manufacturing companies inside India to be part of the global supply chain, says Alice Wells
According to reports, official gold reserves in India totaled 653 tonnes at the end of March 2020, while those in Saudi totaled 323 tonnes.
Sectorally, IT stocks took the biggest knock as the Nifty IT index declined 3.5 per cent to 13,293.70 levels. Nifty Bank lost 566 points or nearly 3 per cent to 19,068.50 levels
A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today
Hindustan Unilever will be in focus today as UK-based GSK will offload shares worth Rs 26,000 crore in the FMGC major
Here are top 10 business headlines on Tuesday morning
The Indian economy and markets, for instance, tend to be hit hard by high oil prices
Strategy reports advocate need for caution amid volatility, with likelihood of more declines before a sustained rise signals end of bear market
Not just equities but gold prices too have jumped following the Fed action
In the previous month, FPIs had withdrawn a record amount of over Rs 1.1 trillion on a net basis from the Indian markets
Sentiment improves as virus spread shows signs of slowing
Further fall will depend on whether the coronavirus (Covid-19) situation lasts beyond May-June 2020
Last week, the volatility indicator fell sharply even as the Nifty fell 6.5 per cent. Analysts, however, say the weakness in financial stocks is a pain-point for the market
The outflow of funds in March comes after six consecutive months of investment by FPIs since September 2019
According to market sources, FIIs have also sold Rs 8,000 crore-Rs 10,000 crore worth of debt securities in the shorter-tenure market in March.
While JP Morgan believes 'cash is king' given the uncertainty that lies ahead, selective buying from a long-term perspective can be done in defensive plays
Sensex rebounds 15% in three days from recent lows
The government may not have the fiscal muscle to dole out more sops but they have to do it by letting go of the fiscal deficit target.
On Monday, the blue-chip NSE Nifty 50 index and the S&P BSE Sensex crashed 12.98% and 13.15%, respectively, their biggest plunges on record. The rupee hit a fresh record low against the dollar
FY20 had seen increasing issuances on higher demand from issuers