Accusations that Russia interfered in last year's U.S. elections are "lies" used for "domestic American politics," Russian President Vladimir Putin said Thursday.
President Donald Trump today accused his predecessor Barack Obama of "tapping" his phone during last year's White House campaign, without providing evidence of the explosive charge.
With the sell-off and outflows in emerging markets following US elections and dollar strengthening, valuations have become interesting again, says Lucy MacDonald, Chief Investment Officer, Allianz Global Investors.
As implications of many events in 2016 are yet unclear, â€˜a wait and watch with cautious optimism‘ approach may sum up the current state of events leading us into 2017.
The market would most likely rebound with vigour in February-March post clarity on Budget and earnings outlook, said Sunil Subramaniam, CEO, Sundaram Mutual.
In the recent years, there is an increasing number of passive investment products to capture the potential benefits of factor investing (also referred to as â€œSmart Betaâ€) as well as the transparency and cost effectiveness of passive investing.
Sanger says US market is liking the pro US growth story under Trump administration. US traders see taxes being cut and less regulatory burden due to Donald Trump winning the elections as a huge positive for the market.
The introduction of Goods and Services Tax (GST) is a very positive move for India feels Mark Matthews of Bank Julius Baer & Co., who believes it will restructure the economy.
The challenge for Indian companies with respect to the US is to try to become more valuable to the customers. IT companies can increase value, by mainly delivering on the innovation front and improving productivity and quality of output, says Murthy.
Adani Ports, BHEL, Hero MotoCorp, TCS and ICICI Bank are losers in the Sensex while Dr Reddy's Labs, Lupin and NTPC are gainers.
Indiabulls Housing, Shriram Transport, Oberoi Realty, Reliance Capital and Reliance Communications are major losers among BSE Midcap indices. Stocks those are in green among BSE Smallcap indices are VA Tech Wabag, Swan Energy, Ujaas Energy, Orbit Exports and Accelya Kale.
Negative comments had come from Trump earlier with regards to H1B visas. However, it may not be a cause of concern for IT companies as they constitute less than 20 percent of the H1B visas, says R Chandrashekhar, President, Nasscom.
In an interview with CNBC-TV18, Nilesh Shah, MD & CEO , Envision Capital, said the decision to ban Rs 500 and Rs 1000 notes is a perfect reform and perfect step towards nation building.
In conversation with CNBC-TV18, Sunil Singhania, Reliance MF, said the two uncertainties which have hit the market will turn out to be very positive for financial assets.
Selling pressure continues on Dalal Street as government cracks whip on black money while Donald Trump needs only 26 electoral votes to win US elections. The Sensex is down 902.15 points or 3.3 percent at 26688.99 and the Nifty is down 303.90 points or 3.4 percent at 8239.65.
James Sullivan of JPMorgan says the common factor among all the markets is that they dislike uncertainty. The lack of clarity on the policies he may employ will be a cause for volitility in the markets. Traders are also spooked by the fact that Trump victory may add to US's debt.
There is expected to be a slowdown in the market and a short term disruption due to the ban and the US elections with a Donald Trump win likely.
There is going to be a lot of volitility in the global markets if Hillary Clinton loses the elections, he says. This is due to the vacuum of information until more clarity on the policies he employs in US emerges.
The government's to ban on Rs 500 and Rs 1000 currency will have a negative impact on consumption in the country, says Sanjay Mookim, Director, India Equity strategy, Bank of America Merrill Lynch.
Speaking to CNBC-TV18 Ramesh Damani, Member, BSE, said that Donald Trump is on a roll. Hillary Clinton is losing her base states. I think the markets are getting ready for a Trump victory though it is not a done deal. â€œMexico will have worse selloffs,â€ he said.
Speaking to CNBC-TV18 Marc Faber says Indian‘government move to clampdown on black money is negative in the longer run. I don‘t think big corruption comes from bank notes.
are likely to benefit with higher CASA growth and PSU banks may gain. MFIs and NBFC collection cycles could get disrupted temporarily, consumer staples oil marketing companies (OMCs) and autos may see significant change but temporary hit. Real-estate, jewellery, liquor stocks & tobacco and casino may get fall sharply.
In conversation with CNBC-TV18, Geoffrey Dennis, UBS, said it is still unclear what the outcome of the US polls will be. The market has seen a sharp delcine in the futures. Teresa Barger of Cartica Capital said it could be bad for the equities.
Japan's Nikkei 225 shed 1.34 percent, after rising more than 1 percent, as the yen, regarded as a safe haven currency, climbed amid nervousness over the vote.
Speaking to CNBC-TV18 Ian Hui, JPMorgan asset Management said that it is too early to call on US elections. â€œKeep an eye on Florida, North Carolina and Pennsylvania,â€ he said.