economic growth
The US Fed meeting outcome and progress in Trump's impeachment process will be major international events while listing of Ujjivan Small Finance Bank IPO and fundraising by Yes Bank will be domestic factors that traders would keep an eye on.
Market in corrective mode, may turn volatile
09 Dec 2019 2:25 AM

The market will be looking forward to the release of industrial production, retail and wholesale inflation figures this week.

India Ratings and Research has revised its GDP growth forecast for FY20 to 5.6 per cent. This is the fourth revision and has come in after the agency had revised its FY20 GDP growth forecast only a month ago to 6.1 per cent, the rating agency said in a statement.
India GDP growth in Q2 at 4.7 pc; FY20 forecast at 5.6 pc: Report
26 Nov 2019 3:55 PM

The Indian economy expanded 5 per cent in April-June, its slowest annual pace since 2013.

The government countered the Moody’s statement, saying the IMF in its latest World Economic Outlook has stated that Indian economy is set to grow at 6.1 per cent in 2019, picking up to 7 per cent in 2020.
Moody’s cuts India credit rating outlook to negative
09 Nov 2019 1:30 AM

Govt slams rater, says growth rate stays unchanged.

China’s trading partners and investors are closely watching the health of the world’s second-largest economy as the trade war with the United States fuels fears about a global recession.
China’s GDP growth rate at 30-year low
19 Oct 2019 2:23 AM

Asian stocks stumbled after the data, reversing gains made on the UK and European Union striking a long-awaited Brexit deal.

In the two-day rally, the Sensex posted its biggest two-day gains of 2,996.56 points, or 8.30 per cent, while the Nifty soared 895.40 points, or 8.36 per cent. Investor wealth soared by a whopping Rs 10.35 lakh crore in the two sessions. The BSE’s market capitalisation has reached Rs 1,48,89,652.44 crore.
Stocks soar for second day; Sensex above 39,909.03
24 Sep 2019 1:51 AM

Analysts increased earnings estimates for both the indices by as much as 10 per cent to factor in the lower tax burden.

Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act.
US corporate sector hails India's move to slash income tax rate for companies
21 Sep 2019 9:56 AM

Government slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent.

Investments in January-August 2019 period have also reached a new high of USD 36.7 billion, surpassing the USD 36.5 billion witnessed in the whole of 2018, the report by the consultancy firm EY and IVCA, said.
PE/VC investments tally touches USD 36.7 billion in Jan-Aug
10 Sep 2019 5:35 PM

This data comes at a time when the economic growth has plunged to a six-year low, at 5 per cent for the June quarter.

Analysts said the Hammer pattern on the Nifty indicates a reversal is on the way. Amid its prolonged consolidation within a range of 10800- 11000 for a third consecutive week, a hammer pattern signifies or gives a caution for an upcoming reversal, especially, when formed on a weekly scale.
Stocks likely to rebound
09 Sep 2019 1:27 AM

The Nifty has a made a hammer for the last two weeks, indicating a refusal to go down further: Jimeet Modi.

Two government advisers said they have also urged the government to defer the fiscal target to tackle the economic slowdown and outline stimulus steps to help the hard hit sectors such as autos and textiles.
Fiscal deficit target may be raised to 3.5 per cent
05 Sep 2019 5:43 AM

The officials asked not to be identified. A Finance Ministry spokesman did not immediately respond to requests for comment.

Prime Minister Narendra Modi's government late Friday surprised analysts by announcing a series of mergers that will create four new lenders that will hold business worth Rs 55.8 trillion ($781 billion), or about 56 per cent of the banking industry.
Mega banks may lose out to rivals
04 Sep 2019 1:48 AM

Mergers will reduce the number of state-owned banks to 12 from 27.


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