Indian equities fluctuated as investors continued to assess the outcome of China-U.S. trade talks and outlook for global growth.
Indian Stocks Halt Five-Day Rally
The benchmark S&P BSE Sensex dropped 0.2 percent to 36,320.74 as of 11:07 a.m.
“It’s a once-in-a-lifetime opportunity as the country is likely to go through its best growth cycle,” says Pankaj Murarka.
India Equities Rise Amid a Mixed Start to Local Earnings
Stock funds took in a net 66.1 billion rupees, the least since February 2017.
A shrinking global cash pool dims prospects of an improving economy and expected recovery in company earnings boosting stocks.
States are expected to hike taxes on liquor -- one of the top three revenue sources -- as they need to plug their fiscal hole.
India will make physical settlement of all equity derivatives contracts mandatory this year
Indian Shares Extend Rally, Boosted by Rebound in U.S. Stocks
Sixteen of the 19 sector indexes compiled by BSE Ltd. climbed, paced by a gauge of software exporters.
Indian stocks were seen following global cues due to an absence of local factors currently.
Earnings at the Nifty companies are estimated to rise an average 19 percent this fiscal year that started April 1.
Investors need to brace for a run of constrained returns until the U.S. Fed makes a U-turn, says India’s largest money manager.
Despite faster growth in digital consumption, mainly through smartphones, TV remains dominant in India due to its affordability.
Indian Equities Extend Rally to Fourth Day
It’s a good start to the weekend for billionaire Anil Ambani.
Patel’s shock exit dealt investors another uncertainty when they were already bracing for the state elections results.
HCL is buying seven businesses focused on markets such as e-commerce and human resources.
Inflow into liquid funds is the highest since August.
HEG Ltd. expects revenue to more than double and the pretax margin to rise to as much 75 percent.