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India Announces Tax Reforms to Spark Its Economy
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%.
Company & Industry Overviews
Why Boeing Investors Should Have India on Their Radar
Boeing and Lockheed Martin are competing for a $15 billion order. Defense spending is expected to increase as India’s armed forces modernize.
Indian Indexes Are in Green as Other Asian Indexes Are Cautious
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.
Tech & Comm Services
India and Indonesia Indexes Gain as Most Other Asian Indexes Fall
India’s two key indexes, the NSE Nifty 50 and the S&P BSE Sensex, broke their losing streak even as most Asia-Pacific indexes ended in the red. The S&P BSE Sensex gained 0.8%, while the NSE Nifty 50 rose 0.83%. Both the indexes maintained upward momentum throughout the day.
Most Emerging Asia Indexes Lose as G20 Nears
India’s two key indexes, the S&P BSE Sensex and NSE Nifty 50, started the week on a negative note. The S&P BSE Sensex dropped 0.18% to end at 39,123. The Nifty 50 closed 0.21% lower. Both the indexes gained during the early trading session but remained choppy thereafter.
Indian Indexes Post Weekly Loss
Today, India’s Ministry of Commerce and Industry published May’s wholesale price inflation data. The inflation based on the wholesale price index dropped to 2.45% in May from 3.07% in April.
Indian and Indonesian Indexes Stay Steady, but Taiwan Index Falls
Just like some of the other Asian indexes, Indian indexes closed almost flat today. The S&P BSE Sensex lost four basis points, while the NSE Nifty 50 gained seven basis points.
Indian Indexes Ignore Trump’s Tariffs and Start June with a Bang
On Friday, Trump started a trade war with India after months of deliberations.
What Morgan Stanley Expects from Indian ETFs after Modi Win
Morgan Stanley (MS) expects both the key Indian indexes to rise over the next year.
How Indexes and India-Focused ETFs Reacted to Exit Polls
Even before the official results came out, Indian indexes and India-focused ETFs reacted strongly to exit poll results.
Indian Indexes Fell, Indonesia Was the Best Performer
The NIFTY 50 and the BSE Sensex fell on May 29. The NIFTY 50 fell 0.57% and ended at 11,861.10. The BSE Sensex fell 0.62% and ended at 39,502.05.
Indian Indexes Celebrate Another Term for Modi
The S&P BSE Sensex rose 1.61% on May 24 and closed at 39,435. The NIFTY 50 fell 1.6% and ended the day at 11,844.10.
Indian Indexes Follow Asian Indexes despite Another Term for Modi
While Indian indexes rose during early trading as votes started pouring in to hit record highs, they dropped soon after on global worries.
Why Indian Indexes and ETFs Rose on India’s Exit Poll Results
On Saturday, all the voting phases for India’s 2019 elections ended. That same evening, different media houses and research providers published their exit poll results.
Why You Should Keep an Eye on India’s Election Results Tomorrow
With voting conducted in seven phases panning six weeks, India’s (EPI) elections have been a grand affair—to say the least. Tomorrow is the day of the results.
Indian Indexes Gain ahead of the Vote Count
Ahead of the day of the vote count on May 23, both the main Indian indexes gained. The S&P BSE Sensex gained 0.36%, while the NIFTY 50 rose 0.25%.
Indian Indexes Retreat as Exit Poll Euphoria Wanes
After skyrocketing on May 20, Indian indexes shed some mass on May 21. The benchmark BSE Sensex dropped 383 points (0.97%).
Why Should You Expect Indian ETFs to Gain Big Today?
After almost six weeks and seven phases, voting for the next government in India ended on May 18.
Indian Indexes Continue to Gain on Mixed Day for Asian Equities
Indian indexes, which are having turbulent times like other world indexes, rose on value-buying opportunities today.
Afternoon Surge Boosts Indian Indexes on May 16
Both the S&P BSE SENSEX and the NIFTY 50 surged in the afternoon of May 16 to end up in the green.
Indian Indexes Gave Up Their Previous Day’s Gains on May 15
Defying the trend in Asian Indexes on May 15, the NIFTY 50 and S&P CNX NIFTY both fell.
Indian Indexes Defying US and Other Asian Trends
After falling for nine consecutive trading days, Indian indexes were up today. The S&P BSE SENSEX jumped 0.6% to 37,318.33 while the NSE Nifty 50 gained 0.66% to end at 11,222.05.
Indian Indexes Fell Sharply in Late Trading on May 13
Late selling pressure dragged both the S&P BSE Sensex and the NIFTY 50 down on May 13.
Indian Markets Seem Cautious ahead of Trade Talk Outcome
Indian markets remained cautious on May 10. The S&P BSE SENSEX dropped 0.26%, while the NSE NIFTY 50 dropped 0.2%.
Indian Indexes Remained Pressured on May 9
SENSEX and NIFTY continue to slide The S&P BSE SENSEX fell 0.61% to 37,558.91 while the NSE NIFTY 50 fell 0.51% on May 9. The oil and gas sector was the biggest loser as Reliance Industries Limited, an oil and gas major and the largest component of both indexes, was downgraded by Morgan Stanley to […]
Asia-Pacific Update: Indian Indices Remain in the Red
The S&P BSE Sensex and the NSE NIFTY 50 fell on May 7, which extended the performance on May 6. The SENSEX fell by 323 points.
India Was Impacted the Least by the Asia Mayhem
Despite the fall, India remained the best-performing market, or least impacted, in the Asia-Pacific region on May 6.
Is the NIFTY 50 in the Correction Zone?
On March 28, 2018, the NIFTY 50 index fell 0.7%. However, between March 28, 2017, and March 28, 2018, the NIFTY 50 rose 11.1%.
India’s Manufacturing PMI Fell Unexpectedly: Will It Affect Economy?
India’s manufacturing PMI (purchasing managers’ index) fell unexpectedly in February 2018.
India’s Manufacturing Activity Weakens in January 2018
India’s manufacturing in January 2018 India’s manufacturing PMI (purchasing managers’ index) stood at 52.4 in January 2018, compared with 54.7 in December 2017. The reading missed the market expectation of 54.5 and marked the weakest expansion in manufacturing activity since October 2017. The weaker manufacturing activity in January was mainly due to the following factors: production […]
Manufacturing Activity in India Impacted in July 2017
Manufacturing activity in June 2017 A survey of the manufacturing sector in India suggests that the introduction of a GST (goods and services tax) affected its manufacturing activity in July 2017. India’s (INDY) manufacturing PMI fell to 47.9 in July from 50.9 in June, according to an IHS Markit report. In July 2017, the manufacturing […]
India’s Service Sector Activity Strengthened at the End of 2Q17
The service sector PMI (purchasing mangers’ index) in India (INDA) rose to 53.1 in June 2017, compared to 52.2 in May.
Why Manufacturing Activity in India Fell in June 2017
Uncertainty related to India’s new goods and services tax, which was implemented on July 1, 2017, seemed to affect India’s manufacturing activity in June 2017.
Is Consumer Spending Rising in India amid Reforms in 2017?
Consumer spending in India (INDA) is expected to grow via remonetization and other reforms undertaken by its government in 2017.
India’s Rising Trade Deficit and the 2017 Rupee Uptrend
The trade gap in India (INDA) continued to widen in June 2017. In the month, it stood at $12.9 billion, a 59.7% rise year-over-year (or YoY) and a 6% fall month-over-month.
Will India’s Low Inflationary Trend Sustain in 2H17?
Consumer prices in India (INDY) rose 1.5% year-over-year in June 2017, slowing sharply from their 2.2% rise in May 2017.
Indian Equities Continue to Attract Investor Attention in July
Sensex, India’s (EPI) benchmark index, closed above the 32,000 mark for the first time on July 13, 2017.
Are Asian Economies Stabilizing or Not?
While the weak global economic recovery has weighed heavily on Asian exports, domestic weakness has also played a role in the region’s economic slowdown.
Why India’s Manufacturing Lost Momentum in May
Manufacturing activity in India lost momentum in May 2017, with the India Manufacturing PMI (purchasing managers’ index) recording a decline.
What Happened to Growth in India in Fiscal 4Q16
Economic growth in India (INDA) slowed during the country’s fiscal 4Q16 (January 2017–March 2017), revealing the impact of demonetization.
Indian Equity Markets: Waiting for the GST?
Indian equities have remained steady in June 2017, but markets remain cautious about the end of the quarter, given the impact of the GST (Goods and Services Tax).
India’s Manufacturing Activity in May 2017
The Nikkei Manufacturing PMI in India dropped to 51.6 in May 2017 compared to 52.5 in April 2017.
How Structural Changes Are Transforming Asia’s Economy
The rapid rise in income levels and robust population growth in Asian nations (AAXJ) should sustain strong consumption growth.
Could Rising Industrial Production Boost India’s Market Performance?
Recently, the Indian government revised the base year for calculating macroeconomic indicators from 2004–2005 to 2011–2012.
Does the Basic Materials Sector Still Lead in India in 2017?
India’s stock market performance has picked up pace since the beginning of 2017. The S&P BSE Sensex has gained about 10% year-to-date through May 18, 2017.
How GST Bill Could Help Investment Scenario in 2017
The implementation of the Goods and Service Tax (or GST) in India is expected to begin on July 1, 2017.
Basic Material Sector Outperforms the Market
The Indian stock market (INDA) (INDY) was mostly jittery throughout 2016.
Was the Reserve Bank of India Too Hasty to Cut the Repo Rate in October?
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 […]
Company & Industry Overviews
“Banks are there to support businesses that have justifiable needs.” – Vijay Mallya, Indian businessman and politician, 2015 If corporate India is to thrive, it needs a healthy, functioning banking system. Socially useful projects and initiatives require capital and banks should be able to allocate this capital efficiently. While progress is being made, India’s banks […]
Why You Should Consider Buying Indian Stocks
Cheaper oil prices have helped improve India’s current account balance while also bringing down inflation from double digits in 2013 to ~5.5%.