Consumer economy

Prime Minister Narendra Modi is expected to meet top government officials, including the Finance Secretary Hasmukh Adhia and members from his economic advisory council around 6:30 pm on Friday to review the current economic scenario.The Prime Minister later in the evening met Finance Ministry Arun Jaitley, Subhash Chandra Garg, Secretary, Department of Economic Affairs, Adhia and AN Jha, Expenditure Secretary.Along with a team of bureaucrats and economists, Modi may work out a strategy to bolster market’s confidence and improve the macroeconomic scenario.Close The meeting is expected to be extended to Saturday as well. related news Bank of Japan to consider offering bleaker view on output as trade war bites: Sources Rupee settles 9 paise up at 71.20 against US dollar Rupee near day's low, trades at 71.40 per dollar Despite robust GDP growth and falling inflation, India is facing the threat of a widening twin deficit—current account and fiscal deficit—led by … [Read more...] about PM Modi to take stock of rupee, fuel price concerns at economic review meet

The bears continued to maintain their grip on Indian bourses as Nifty was down 106 points, trading at 11,082, while Sensex, was down over 300 points, trading at 37393.72, in the last hour of trading. Nifty is now on the verge of its biggest monthly fall since September 2018.In the broader market, Nifty Midcap hit a 30-month low, shedding 2.02 percent. The stocks which dragged the index included Cholamandalam Investment, Coromandal International, Engineers India, Cummisn India, Dish TV, Graphite India, Future Consumer, HEG, Indian Bank, NBCC, JSPL, RBL Bank, Quess Corp, Reliance Power, Reliance Capital, Reliance Infra and Tata Power among others.Nifty Smallcap index, on the other hand, was down 2.61 percent in the afternoon session. The top losers were Coffee Day Enterprises, RBL Bank, NBCC, Indian Bank, KRBL, IDBI Bank, Indiabulls Real Estate, HEG, KIOCL, YES Bank, Bank of India, GE T&D, Bank of Maharashtra, Indiabulls Housing Finance, Vodafone Idea, NCC and Cyient … [Read more...] about ‘Wait for signs of revival’; Nifty Midcap hits 30-month low, smallcap index falls 2%

Trade war with the two economic giants including US and China have once again taken the front seat resulting in global markets along with the Indian stock market plunging in the red.Benchmark indices are down 1.5 percent each with Nifty50 tanking 160 points and is trading at 10,836 while the Sensex plunged 533 points and is trading at 36,584 level.Nifty PSU Bank cracked 4 percent dragged by State Bank of India which shed 4 percent after global brokerages cut price target on worries over higher Q1 slippages. The other losers are Indian Bank, Bank of Baroda, Bank of India, Canara Bank, Punjab National Bank and Union Bank of India.Close Nifty Energy shed over 2 percent, the top losers are Reliance Industries, GAIL India, Indian Oil Corporation and ONGC. related news Trade Setup for Monday: Top 15 things to know before Opening Bell 'Nifty may move towards 12,200 in coming days; bet on these 3 stocks for double-digit returns' Heads up! There are … [Read more...] about D-Street Buzz: Over 500 stocks hit 52-week low on BSE including Tata Motors, YES Bank; IT stocks gain

The Nifty is expected to open flat on December 9. Asian markets are trading mixed as gains remain capped over concerns about the Chinese economy due to the prolonged Sino-US trade war.Top White House Economic Adviser Larry Kudlow said on December 6 that a December 15 deadline is still in place to impose a new round of US tariffs on Chinese consumer goods, but President Donald Trump likes where trade talks with China are going, reports Reuters.Trends on SGX Nifty indicate a negative opening for the broader index in India, with an 18.5 points loss. Nifty futures were trading around 11,936-levels on the Singaporean Exchange.Close The Sensex fell 334 points, or 0.82 percent, to 40,445 and the Nifty closed with losses of 0.81 percent to 11,921 on December 6. related news What changed for the market while you were sleeping? Top 15 things to know Early on D-Street | Upsides will remain capped around 12,081 Trade Setup for Monday: Top 15 things to know before Opening Bell The Indian … [Read more...] about Market Headstart: Nifty seen opening flat; L&T, Kotak Mahindra Bank top buys

Dipti Deshpande and Adhish VermaMint Road seems worried enough on inflation to look past four quarters of material decline in economic growth.Or is it about waiting for the Union Budget to understand what would be the nature and impact of possible counter-cyclical measures to support growth?Close To be sure, inflation expectations have been rising. Incipient inflation risk emanates from certain food items, and the recent revision in telecom tariffs should also put upward pressure in coming months. related news Forex kitty continues to swells, scales past $451-bn-mark Fintechs laud RBI’s move to introduce prepaid payment instrument RBI tightens asset acquisition norms for ARCs; bars purchase from sponsors, lenders Indeed, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) expects consumer price inflation to stay above its comfort zone of 4 percent up to the second quarter of the next fiscal.But the MPC has continued with its accommodative stance, … [Read more...] about Monetary Policy | RBI pause is puzzling, but a rate cut is not far away