Growth in Asia's third-largest economy has been hit by weak consumer demand and slower government spending amid pressures from the Sino-U.S. trade war, and more recent economic data suggests growth could fall further.
"In a holiday-shortened week investors will focus on the next leg of corporate earnings. Auto companies will be in focus as the sector will report a picture of how festive demand has fared in October. The US Fed is expected to keep its interest rates steady when they meet (on Wednesday) based on the macro numbers.
Discount broking is here to stay. Retail clients have just proved that like all Indian consumers, they are price sensitive
"The first quarter growth at 5.7 per cent--a three- year low--did cause a lot of heartburn, but we strongly believe that Q2 growth is likely to trend higher and might be in at 6.3-6.4 per cent (gross value added at 6.1-6.2 per cent) with a downward bias," economists at SBI said in a note today.
Billionaire Mukesh Ambani's Reliance Jio, on March 31, announced it had notched an unprecedented 72 million paid subscribers, and extended by a fortnight its deadline for migrating other subscribers to its paid offer.
The GST Council on Thursday decided to cap the cess rate on tobacco products at Rs 4,170 per 1,000 sticks or 290 percent ad valorem; analysts remain upbeat on the stock
Analysts overall are upbeat on the markets based on the election outcome, but are also cautious ahead of the earnings as well as the arithmetic in the Upper House of the Parliament.
Gold slumped to a 10-month low in mid-December after rates were increased for the first time in a year, but gold investors don't appear to be as jittery ahead of the next Fed meeting and a near-certain rate rise on March 14-15.
Even though a 7 percent headline growth number for Q3 suggests resilience in the economy despite note ban, analysts today said a sharp cut in the year ago's data helped achieve it, while demonetisation led to an impact of over 1 percentage point on GDP expansion.
But China watchers caution that trends in January and February can be distorted by the long Lunar New Year holidays, with business slowing down weeks ahead of time and many firms scaling back operations or closing. The holiday fell on January 28 this year, 11 days earlier than last year.
Debt reduction along with strong sales volumes due to better demand from Andhra Pradesh and Telangana likely to help the firm post PAT of RS 38 crore from Rs 5.5 crore a year ago, according to a CNBC-TV18 poll of analysts.
Shares of the world's largest chipmaker rose 2.2 percent to USD38.38 in extended trading on Thursday.
While advertising still accounts for the lion's share of Google's revenue, rising 17.4 percent to USD 22.4 billion in the quarter, Alphabet Chief Financial Officer Ruth Porat underscored that the company is broadening its business - pointing to growth in hardware, app sales and the cloud business.
Brokerages place their bets on the company's product mix as well as better volumes for the stock to perform well after two fiscals.
The general insurance industry and analysts today welcomed the government decision to take the five state-owned companies public, saying it will help unleash the value potential of the sector apart from forcing the private players to follow suit.
The talk of the government looking to sell the 11.7 percent stake in the bank it holds through the Specified Undertaking of the Unit Trust of India. Analysts claim that there is little appetite for the stock among domestic investors and FIIs are selling the stock in any case.
The latest price data will be crucial as it would give an idea on how the unexpected ban on Rs 500 and Rs 1000 currency notes have affected shop-end sales.
Deutsche Bank has hold rating on L&T with target price increased to Rs 1380 per share from Rs 1326.95 per share.
Watch accompanying video of CNBC-TV18's analysts talking about the market and stocks which are near 200 day moving average (DMA).
Here are a few stocks picked up by CNBC-TV18's analysts to focus today - stocks expected to gain are IGL, Vivimed Labs, Balaji Telefilms, ARSS infra, Motherson Sumi, Aurobindo Pharma, MPhasis and Tata Global Beverages while stocks expected to be under pressure are REC, Manpasand Beverages, Ahluwalia Contracts and Bajaj Finserv.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today -- stocks expected to gain are HUL, Cox & Kings, Motherson Sumi, Reliance Communication, Bharti Infratel, IDBI Bank, Crompton Consumer, Cairn, Eros International while stocks expected to be under pressure are Yes Bank, TCS, SAIL, JSPL, Puravankara.
Stocks expected to gain are Sundram Fast, J&K Bank, Adani Ports, Aptech, PFC, Jubilant Life, Natco Pharma, Nitesh Estates, Globus Spirits and Emco, while stocks expected to be under pressure are Lupin, United Bank, Uco Bank, IOB, JK Tyre, Concor, Patel Integrated, Anuh Pharma, Gokaldas Exports, Kennametal, Indag Rubber, Huhtamaki PPL.
For the first six months of the year, HSBC logged a pre-tax profit of USD 9.71 billion, down 28.7 percent from USD 13.62 billion in the same period a year earlier and the USD 10 billion figure estimated by analysts in a Reuters poll.
The government is expected to bring up the tax bill this week in Parliament. If passed, the reforms would replace a slew of federal taxes and levies in 29 states, transforming the nation of near 1.3 billion people into a customs union.
At the Multi Commodity Exchange, gold for delivery in June fell by Rs 43, or 0.15 percent, to Rs 28,695 per ten grams in a business turnover of 772 lots.