Rupee recovers 34 paise to 69.86 against dollar in morning trade on positive opening of equity market
The dollar lost some ground against major currencies overseas, while on the domestic front, the equity market staged a recovery and propped up the rupee.
Non-banking finance companies' mess: Cash-strapped firms haven't seen the worst of liquidity crisis yet
In 2017-18, non-banking finance companies (NBFCs) were the largest net borrowers from the financial system
There was increased demand for the US currency from importers and a lower opening of domestic equity market weighed on the local unit.
Asian share markets sank in a sea of red on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe.
Assembly polls, crude oil, developments at trade front crucial for equity markets this year: Experts
Trends in crude oil prices, domestic political dynamics, global interest rates and developments at the international trade front would be important factors impacting the equity market movement in the near term, say experts.
Fears over the imposition of more trade protectionist measures, along with a parliamentary deadlock may flare up further volatility in the domestic equity market in the coming truncated trade week.
LTCG tax: In a big relief to investors, govt extends indexation benefit to share sale in unlisted companies
Currently, 15 percent tax is levied on capital gains made on sale of shares within a year of purchase.
Sentiment soured, in line with a sluggish trend in global markets following the drop in crude and fresh fall in commodities, including base metals, sparking concerns about the health of the global economy
Broader market was positive with 1,445 stocks advancing against 1,071 scrips declining on BSE
The benchmark Sensex gained nearly 100 points minutes after the opening bell and touched a high of 30,020.59
The Sensex has rallied by 577.94 points in previous two sessions
Investors are also anxiously waiting for the upcoming monetary policy review on October 4, the first to be held under new RBI Governor Urjit Patel
Fund managers invested a net amount of Rs 7,200 crore in equity markets during the period under review
In 2015-16, the country's economy expanded at 7.6 percent
Supply-side worries have also increased after a Nigerian militant group on Sunday urged other rebels to join peace negotiations with the government to put an end to attacks on the nation's oil installations
Equity markets quickly bounced back in today's early trade with Sensex surging over 230 points thus indicating that investors have taken in their stride the Mauritius tax pact
Rupee hovered in a range of 67.39 and 67.24 during morning deals before quoting at 67.44 per dollar in the noon trades.
Even as markets ended in green on late recovery, breadth of the market was weak with 1,381 stocks declining against 1,348 advances on BSE.
Focus on improving the tax-to-GDP ratio from current 10.6 percent levels, lowering the subsidy bill from over 2 percent of GDP and spending on creation of assets will help the government on its fiscal consolidation path
Why the Indian retail investor is still not smiling <br /><br /> <br /><br /> <br /><br /> <br /><br /> <br /><br /> <br /><br /> <br /><br /> <br /><br /> <br /><br />