The Indian stock market continues to be upbeat about the country's growth prospects, despite deceleration in GDP growth for the sixth consecutive quarter, the Economic Survey 2019-2020 said, adding that the BSE Sensex has increased 7 per cent till December 2019 over March. "This may also reflect the growing perception of India becoming an attractive destination for investment in the backdrop of a decline in the growth of major economies of the world and continued easing of monetary policy by the US Fed," it said on Friday. "Despite the deceleration in GDP growth for the sixth consecutive quarter, the stock market continues to be upbeat about the country's growth prospects," the Survey said. The net FDI and net Foreign Portfolio Investment (FPI) in first eight months of 2019-20 stood at USD 24.4 billion and USD 12.6 billion respectively, more than the inflows received in the corresponding period of 2018-19, it added. Benchmark indices Nifty50 and S&P BSE Sensex reached record highs
Foreign brokerages are bracing for a larger impact on the global markets than what was during the SARS outbreak, which also originated in China, back in 2003
Today, a total of 65 companies including Maruti Suzuki, Manappuram Finance, and Century Textile, are scheduled to announce their December quarter results
India is one of the largest consumers and importers of crude oil in the world and Brent crude is highly co-related with the Indian crude oil basket
However, if companies comply with the provisions of listing norms on or before January 29, trading in its securities will not be suspended, BSE and NSE said in separate circulars
Among other sectors staring at a negative impact from higher crude oil prices are tyres and cement
As the Indian equities signed off 2019 on a remarkable note, the market capitalisation (m-cap) of BSE-listed companies rose by Rs 11,05,363.35 crore to Rs 1,55,53,829.04 crore
The other companies that made applications with the exchange are Standard Chartered Investments and Loans (India) Ltd, KEC International Ltd, Siyaram Silk Mills Ltd and Balrampur Chini Mills Ltd
Shankar Sharma tells Puneet Wadhwa in an interview that Sensex and Nifty are not representative of the entire market
The exchange attributed the momentum to the increasing traction in equity derivatives following the implementation of interoperability
According to the analysis, there are 11 stocks in the cheap bucket, 14 in the expensive, and the valuations of the remaining five are in-line with their historical averages
Expectations of additional tax burden in GST Council meet, competitive intensity may impact volume growth and margin of its mainstay cigarette biz
Over 39 locations spread across Mumbai, Kolkata, Kanpur, Delhi, Noida, Gurugram, Hyderabad and Ghaziabad were covered under the operation, the department said in a statement on Saturday
In the midcap space, HUDCO, RBL Bank, and Indiabulls Ventures declined up to nearly 6 per cent.
Bulls continued to dominate Dalal Street on Wednesday amid buying in select blue-chip counters such as SBI, TCS, Infosys, RIL, and ITC
The S&P BSE Sensex added 38 points or 0.10 per cent to end the Samvat 2075 at 39,058 levels. The NSE's Nifty50 index ended at 11,584, up just 1 point or 0.01 per cent
Financials have seen sharp erosion in their share prices in wake of the yearlong crisis in India's credit markets
The S&P BSE Auto Index has declined 14 per cent so far this year
The benchmark BSE Sensex closed up 0.63 per cent at 39,298 on Friday, while the broader NSE Nifty ended 0.65 per cent higher at 11,661.85.
Indices are below the 200-DMA - a reliable indicator of a long-term downtrend