Sensex tanks 363 points to close at 35,892, Nifty down by 118 points; China slowdown spooks investors
The benchmark Sensex on Wednesday plunged over 363 points, mirroring weak global markets after disappointing Chinese economic data resulted in massive sell-offs in metal and auto stocks on domestic bourses.
Rajan also said sharp slowdown of the Chinese economy remains a significant risk for global economy and the SAARC region
Jaguar Land Rover, a company that was acquired by Tata Motors in June 2008 for $2.3 billion, offers a contrast to the tale of Tata Steel Europe
The firm, however, warned the generally robust economic environment is constrained by "banks' balance sheet repair and elevated corporate debt
It is unrealistic to expect the Sensex to rally by more than 10-15%
One should expect more volatility in this market, with global forces directing the madness over which we may have little control
If the Sensex can fall 10 percent in a month, it can gain the same in a month too
There is no getting away from the fact that the Indian economy, which is undoubtedly getting out of the slowdown phase, has several vulnerabilities which, if left unaddressed, could trip it up
The report expects India to grow 7.8 percent in 2016-17, up from 7.3 percent in 2015-16
Local markets have now retreated in last 11 out of 12 trading sessions, crashing more than 1,500 points.
According to the report, the sharp drop in the price of oil is having a large impact on global current account imbalances
The startups were expected to revitalise the economy taking advantage of the booming e-commerce
World Bank sees India's GDP growing at 8% in FY18