A breakout past the swing high at 5,765 is required to indicate that a meaningful bottom is in place at Wednesday's low of 5,118.<br /><br />
A new report claims that India is the cheapest place in the world to catch a flight, but it's also still cheaper to take a bus.
The 64-year-old Planning Commission, a vestige of the socialist era, will soon become history as Prime Minister Narendra Modi announced its abolition this past Independence Day. The body will be replace by a more relevant institution.<br />
The government was to divest its stake in Sail by this month end but could now wait until August. Could this hit the sale?
Shares of Infosys slumped more than four percent in morning trade today after India's second-largest IT major reported a marginal miss in revenues for the first quarter of the current fiscal, while its all-time high attrition levels remain a big concern for investors.<br />
According to the United States Department of Agriculture--Economic Research Service, compared to the other countries, India spends the lowest amount on food.
The Sensex and Nifty could go back to record highs on expectations of NDA led government at the center while bond yields are likely to stay ranged given worries of borrowing for next year and fiscal year end liquidity conditions
Interim budget for 2014-2015, which the government will unveil later today, will set the tone for the stock markets in near-term. Besides, global cues, movement of rupee and investment pattern of foreign institutional investors (FIIs) will also be important for the domestic indices.<br /><br />
Today, the SBI counters closed almost flat at Rs 1,519 on the NSE, down 2.5 percent, which is 40 per cent below its 52-week high.
DIPP has reasoned that there was an urgent need to modernise, strengthen and expand the Indian railway network which would require very large capital investment.
The Indian equity markets continued to fall further in mid-morning trade, marking their lowest intraday level since November 27 on risk-off mood in emerging markets.
However, the total limit of $30 billion available for foreign investments in government securities has not been tinkered with.
SBI shares today closed almost flat at Rs 1,595.95 on the BSE.
Last week RBI decided to completely withdraw from circulation all bank notes after 31 March.
CBDT has notified that individuals or others wanting PAN will have to furnish copies of proof of identity, address and date of birth attached with their application forms and they will be checked against their original documents.
Indian shares fell, with the Sensex and the Nifty down 0.4 percent each after being up slightly before the decision. Banks led declines, with ICICI Bank Ltd down 2.1 percent.<br /><br />
Investors world over are just coming to terms with the slowdown in China, weak emerging market currencies, high deficit in Japan and the worries on the impact of Fed tapering.<br /><br />
With the Fed scaling back the programme, that flow is reversing and the currencies of countries with the biggest economic and political problems - notably Argentina and Turkey - are diving.
According to IDC, Android and iOS accounted for 95.7% of all smartphone shipments in the fourth quarter of 2013.
As many as 1.40 lakh housing units measuring 1,000 square feet remained unsold in Mumbai and the Mumbai Metropolitan Region (MMR) in the second quarter of the current fiscal.<br /><br />
Given the that the market is in a bullish trend it could well end the current correction.
So while the bulls may me on the defensive right now, the playing field is still skewed in their favor.
If the resistance level is broken the Sensex may head to 19,300 and the Nifty can target 5700.
One reason for the apprehension about going long now is that the bond market has not joined the equity market's celebration
On a fundamental level, the market is showing that it was addicted to the easy money from the Federal Reserve.
The Nifty has not broken support, but the US markets have. The index to watch is the Nikkei, with the Japanese govt set to flood the economy with liquidity
Over the past 20 years, the MSCI India has outperformed the MSCI EM on eight occasions in the month after the Budget. However, except for 1997, it is difficult to attribute these performances to the Budget, says Morgan Stanley<br /><br />
FM has already stolen his own thunder by announcing a slew of measures outside the budget. The announcements resulted in the Sensex reaching its all-time high in 2013, after which it has only been consolidating.
Apple's biggest selling products are the iPhone and iPad. For most analysts, these are products that will define the company's future.
The Republicans and Democrats are still far away from compromise over the tax increases and spending cuts that kick in automatically in January