Stories have emerged once again of China's military presence in Afghanistan. These reports come after China thwarted India's attempt to get Jaish-e-Mohammed leader Masood Azhar added to the U.N. list of proscribed terrorist individuals, and China appeared to christen a new regional grouping after a meeting in Moscow with Pakistan and Russian officials to discuss the future of Afghanistan.
A fifth straight week of gains resulted in the Nifty crossing the crucial 8,900 mark, with Reliance Industries providing direction for markets. The company’s stock hit a 52-week high after Chairman Mukesh Ambani said its telecom unit Jio will end free data plans for customers starting April 1. The stock had been underperforming for some time due to concerns related to its telecom venture and the huge capex it is undertaking.
India’s benchmark indexes clocked their fourth straight week of gains led by banks in a week with a lot of stock- specific movement. Major cues on the global and local front were absent and trading during the week was largely dull with range-bound trading seen in the Nifty between 8,700-8,800 levels.
Markets rose for the third straight week, supported by good Q3 earnings and on hopes of global reflation trade getting revitalised on U.S. President Donald Trump’s pro-growth comments. The Reserve Bank of India’s surprising decision to hold rates failed to pull down the bulls and the Nifty ended with marginal gains of 0.6 percent for the week to end slightly below the 8,800 mark.
The Indian IT services industry, which is now at $100 billion in export value, has evolved over the last 15 years from labor outsourcing to technological process outsourcing. Now, after the outsourcing boom, the IT industry faces tougher times ahead.
The assembly election in Uttar Pradesh -- and in Punjab, Uttarakhand, Goa and Manipur -- is the semi-final match between the BJP and other political parties as the outcome will provide a blueprint for the general election in 2019.
Indian markets rose in a relief rally as fears of an extension of the holding period for long-term capital gains (LTCG) in Budget 2017 proved unfounded. The bulls stepped on the gas as soon as Finance Minister Arun Jaitley ended his budget speech.
Finance Minister Arun Jaitley will be presenting India's budget on Feb. 1. It's not going to be an easy task given the backdrop of demonetisation, global political uncertainty, rising oil prices and an earlier-than-usual budget.
A surprise resumption of the pre-budget rally saw the Nifty gaining over 2 percent last week and 7.6 percent in January.
India has painstakingly lowered its fiscal deficit to 3.5 percent over seven difficult years. Reaching the 3 percent target in FY18 will not be easy.
While the national media is focused on the assembly election in Uttar Pradesh, where Prime Minister Narendra Modi faces his biggest electoral test since coming to power in 2014, the tiny state of Manipur in India’s northeast is gearing up for its most closely fought election in recent times.