Stock markets will be closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday
In what turned out to be a historic year, the Indian stock indices went past multiple milestones and the 30-share Sensex made an annual gain of 10,502.49 points or 21.99 per cent in 2021
The new variant had rattled the markets, with several countries imposing travel restrictions, raising questions about whether the global economic recovery could sustain
Stock-specific movement will be seen as the market is heading for the last batch of Q2 earnings
The V-shaped recovery in the first quarter of 2021-22, despite the brutal second wave of the coronavirus pandemic, is a testimony to India's strong macroeconomic fundamentals
Domestic equity markets would be driven by macroeconomic data, quarterly earnings, and RBI interest rate decision this week, analysts said. Global trends and the pace of vaccination would also guide the local equities, they added. "In the week ahead, the key event in the domestic market will be the announcement of RBI's monetary policy decision. To give a view on economic recovery, the market awaits the release of manufacturing and service PMI data," said Vinod Nair, Head of Research at Geojit Financial Services. Among major earnings announcements, HDFC, PNB, Adani Ports and Special Economic Zone, Bank Of India, Bharti Airtel, State Bank Of India, and M&M would release their financial results. Nirali Shah, Head of equity research, Samco Securities, said, "The RBI's MPC meeting is scheduled for the coming week. Auto sales numbers, PMI figures along with the result season will continue to drive stock specific movements on D-Street." "Macroeconomic data, pace of vaccination and ...
This is the first full-year contraction in the Indian economy in the last four decades since 1979-80, when GDP had shrunk by 5.2 per cent
May sharpen decline in IIP in Feb
Shares rose in Europe after a mixed session in Asia on Monday as China reported a variety of data that painted a complicated picture of its recovery from the pandemic. The passage of a $1.9 trillion aid package for the US economy has added to investor confidence that the US and global economy will likely experience a strong recovery from the pandemic in the second half of the year but also potentially increase the rate of inflation. Germany's DAX climbed 0.3% to 14,546.95 and the CAC 40 in Paris added 0.5% to 6,075.54. Britain's FTSE 100 was up 0.4% at 6,789.86. US futures pointed to an upbeat start, with the contract for the S&P 500 up 0.3% and that for the Dow industrials 0.4% higher. Markets got a mixed message from the data out of China, which has led the global recovery, reopening earlier than other countries from coronavirus shut-downs that emerged in the central city of Wuhan in early 2020. Retail sales jumped nearly 36% year-on-year in January-February from a year earlier.
The country of 1.3 billion people, only 20 per cent of whom know how to use the internet, had to suspend field surveys during the lockdown, which led to gaps in reporting monthly retail inflation numb
During the last week, the 30-share BSE benchmark index jumped 1,019.46 points or 2.26 per cent
Sen said quarterly GDP numbers are still derived from some corporate accounts and corporates have not fared as badly as the non-corporate sector
Positive signs for economy as festival season draws near
Power generation numbers and Delhi emissions, too show economy may be turning the corner
The economy and the affairs between RBI and govt were tumultuous in the four years to 2020. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators
The information technology index jumped another 1.2% after outperforming for most of the week as investors ditched value-linked stocks in the face of deteriorating economic data
Besides, investors will keep tracking latest developments and trends on the Covid-19 pandemic front, like data on infection cases and fatality rates as well as update on vaccine trials
During the meeting, among other matters, agencies' assessment of the macroeconomic situation and outlook on various sectors, including the financial sector, was discussed.
The banking subsector declined 5.2%, falling for the third straight day
Departments are most reluctant to factor in changes in the GDP within the same financial year