HSBC maintained overweight rating on Indian equities, saying fundamentals are strong Benchmark indices extended gains and ended firm for four straight trading sessions supported by strong global cues on upbeat US growth news while buying among rate-sensitive sectors also aided the rally. The S&P BSE Sensex settled the day at 26,653, up 259 points, while the broader Nity50 closed at 8,225, up 82 points. Broader markets performed well in tandem with the benchmark indices. BSE Mid-Cap index ... Rediff.com, 2 months ago
The political rivalry between BJP Rajya Sabha MP Subramanian Swamy and senior Congress leader P Chidambaram took a new turn after the former released details of 21 secret foreign bank accounts of Chidambaram's son Karti. While releasing the details, Swamy ...catchnews.com, 3 days ago
Most analysts expect the note ban to sharply hit GVA growth in Q3 and Q4, and the central bank's stance is being called into question.Business Standard's Ishan Bakshi reports.Illustration: Dominic Xavier/Rediff.com On Wednesday, the Reserve Bank of India slashed its growth forecast for FY17 gross value added (GVA) to 7.1% from 7.6% earlier. Interestingly, the RBI clarified that of the 50 basis point (bp) decline in growth, the slowdown due to demonetisation is only to the extent of 15 bps. The ...Rediff.com, 2 months ago
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