There have been serious dips and dramatic rescues in the emerging economies.
Prospects of a stronger US dollar and uncertainty on President elect Trump‘s trade policies is currently on top of investors‘ mind more than US Fed Reserve‘s interest rate move, says Adrian Mowat of JPMorgan. The rhetoric between China and US is also deteriorating, he notes.
Rajeev Dimri, Leader, Indirect Tax, BMR & Associates LLP said though zero rating of necessities is a welcome news, the actual benefit to consumer will depend on the items included in this category.
Central bankers trying to spur growth are like alchemists trying to make gold and they're just as likely to fail, said Marc Faber, the publisher of the Gloom, Boom & Doom report.
It also burdened commoners by way of "inflationary" indirect taxation, he said.
The study is based on data obtained from 10,000 consumers across eight major cities, aged 25 to 45 and in the income bracket ranging from Rs 6 to 36 lakh annually.
Paint manufacturer Kansai Nerolac Paints (KNPL) today posted a 3.43% growth in net profit at Rs 63.3 crore for the quarter ended June 30 as against Rs 61.2 crore in the year-ago period.
Bond prices are likely to remain rangebound with a declining bias as traders anxiously await announcement from the government on diesel price revision, says Dhawal Dalal, DSP BlackRock Mutual Fund.
The rupee slid to its weakest level in more than three months on Thursday, putting traders on alert for possible intervention from the Reserve Bank of India as the outlook on the currency stays bleak.
After a sluggish first quarter, pharma universe reported some encouraging numbers in the second quarter. This is with some support from stable growth in certain geographies but inflationary pressures taking a test on the other hand report CNBC-TV18's Archana Shukla.