From RBI policy to U.S. GDP data: Five factors that will impact trade this week
The Sensex and Nifty are poised to open lower on Monday, in line with Asian peers as interest rate hikes by the global central banks have strengthened fears of recession.
MCX share jumps 4% as FPIs allowed to trade in commodity derivatives
SEBI on Wednesday allowed foreign portfolio investors (FPIs) to participate in the exchange-traded commodity derivatives market
SEBI opens exchange traded commodity derivatives market to FPIs
The existing eligible foreign entity route, which required actual exposure to Indian physical commodities, has been discontinued.
Markets boom in the time of a pandemic
A year after the onslaught of the global pandemic, FPI inflows, corporate
performance, and news of the vaccines were key to the Indian equity markets’
immunity against Covid-19.
FY21: A bumper fiscal for the bourses
The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
U.S. macro woes drag down Indian indices
Rising inflation and firming bond yields in the U.S. push down Indian benchmark indices, causing a correction of around 6% from the latest life–highs of February 16.
'Growth' Budget gets a thumbs up from markets
Absence of new taxes, no tweaking of older ones, infrastructure capex focus, and stronger disinvestment intent boosts equity indices, with the Sensex recording its best Budget-day gains since 1997.
Eco Survey fails to lift market spirits
Despite the Survey’s positive tone, the Sensex and Nifty 50 closed in the red, falling nearly 8% in a matter of five trading sessions from their January 21 life–high.
The significance of the Sensex breaching 50K
Market experts welcome the 30–stock benchmark adding 6,000 points since December 1, but also caution against stretched valuations.