HDFC Bank Ltd

On Friday, India’s Finance Minister announced tax reforms to reignite the country’s economy. Its corporate tax rate fell by 8 percentage points to 22%.

Indian indexes were the best-performing ones in Asia today. The S&P BSE Sensex gained 0.4% to close at 39,592 while the NSE Nifty 50 gained 0.43% to close at 11,848. Out of the 30 stocks in Sensex, 19 gained, and the remaining lost. With 1.64% gains, HDFC Bank (HDB) was one of the top gainers.

After trading flat on June 19, Indian indexes finally looked up. The benchmark S&P BSE Sensex gained 1.25%, while the NSE Nifty 50 rose 1.2%. For both of the indexes, most sectors were trading in the green on June 20.

The key driver behind the rise in Indian markets this year has been expectations that the current Narendra Modi led government will be voted back to power this year.

The iShares MSCI India ETF (INDA) and the Wisdom Tree India Earnings Fund (EPI), ETFs that invest in Indian equities, have risen 6.8% and 7.6%, respectively, this year.

We’ll soon have the final results for the five Indian state elections—the last elections before the all-important 2019 general election.

IBN’s mean consensus price target of 391.8 Indian rupees represents a potential upside of 11.2% over its closing price on December 7.

India (INDA) ranks among the world’s major oil importers. It runs a big crude oil import bill, which has been a consistent drag.

In this article, we’ll see how the Indian election results could affect the Indian economy and Indian American depositary receipts.

Consumer prices in India (INDY) rose 1.5% year-over-year in June 2017, slowing sharply from their 2.2% rise in May 2017.

Sensex, India’s (EPI) benchmark index, closed above the 32,000 mark for the first time on July 13, 2017.

Consumer price inflation in India stood at ~2.2% on a YoY (year-over-year) basis in May 2017, as compared to its 2.99% rise in April 2017.

Consumer prices in India (EPI) increased ~3.0% on a year-over-year basis in April 2017, compared to an ~3.8% rise in March—well below its market expectations.

India’s economy remains robust despite the removal of about 86% of its currency in circulation, according to national accounts.

Due to the expected fall in inflation, the RBI will likely undertake more cuts in the repo rate. These rate cuts will aim to boost consumption.

The 500 rupee note and the 1,000 rupee note were demonetized at midnight on November 8. The move aimed to curb black money in the financial system.

October repo rate cut It’s no secret that Raghuram Rajan, the former RBI (Reserve Bank of India) Governor, was not given another term due to his differences with the political establishment on the direction of monetary policy. While the Indian government believed that a reduction in the repo rate was vital for the economic growth […]

An important meeting The October 2016 meeting of the RBI (Reserve Bank of India), which concluded on October 4, was an important one. It was the first monetary policy announcement that came via the MPC (Monetary Policy Committee). In India, monetary policy announcements have traditionally been made under the guidance of the RBI Governor, but […]