Sensex, Nifty Move In A Range Ahead Of Macroeconomic Data: 10 Things To Know
- Top laggards on the 50-scrip index were Infosys, Bharti Infratel, TCS, Hero MotoCorp and HCL Tech, trading between 1.6 per cent and 2.7 per cent lower.Â
- The government is due to release consumer inflation data for the month of January, and industrial production data for December post-market hours. The Reserve Bank of India tracks consumer inflation data primarily to formulate its monetary policy.
- Consumer price inflation was expected at 2.48 per cent in January, after slowing in December to 2.19 per cent - its lowest rate since June 2017, according to a poll of 30 economists by news agency Reuters before last week's RBI meeting.
- The central bank in a surprise move reduced the repo rate - the key interest rate at which it lends short-term funds to commercial banks - by 0.25 per cent, and reduced its inflation projection to 2.8 per cent for the quarter ending March 31, 2019.
- Shares in other Asian markets edged up, with MSCI's broadest index of Asia-Pacific shares outside Japan rising 0.3 per cent.Â
- Investors hoped a new round of US-China trade talks would help to resolve a dispute that's dented global growth and some corporate earnings.Â
- Improving market sentiment was news that US lawmakers reached a tentative deal on border security funding that would avert another partial government shutdown due to start on Saturday. The S&P 500 e-mini futures were up more than 0.5 per cent.
- On Monday, the domestic stock markets had declined with the Sensex closing 151 points or 0.4 per cent lower and the Nifty index settling down 0.50 per cent.
- Meanwhile, the rupee edged higher to 71.12 against the dollar in early trade on Tuesday.Â
- Net sale of equities by foreign institutional investors (FIIs) and domestic institutional investors (DIIs) stood at Rs 125.1 crore and Rs 232.55 crore on Monday respectively, data from the NSE showed.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
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Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
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India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
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When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
