Moody’s India downgrade is not unexpected: BofA Securities
While the rating agency downgraded India’s sovereign rating, BofA Securities’ economists see the present downturn as cyclical rather than structural; say fiscal stimulus is critical for recovery.
‘Budget is likely to be overall positive for markets’
According to the international brokerage, the market is looking for some relief in personal income taxes and taxes for companies/investors.
The tax cut party continues at bourses
While equity markets continue to boom, economists warn about likely ‘subject-to’ consequences of the corporate tax cuts announced last Friday.
Monday blues for equity markets
While broader indices Sensex and Nifty 50 fell over 701 and 214 points respectively in intraday trade, S&P BSE MidCap and SmallCap fell 2.15% and 2.59% to record new 52-week lows.
A detailed look at data reveals that Modi 1.0 had a far superior record on disinvestment compared to UPA 2.0.