Tag: Sensex

Ratings agency S&P has warned that the chances of India’s sovereign credit being downgraded to junk is more than one in three, as the economy battles with unsustainable current account and fiscal deficits.

But foreign institutional investors (FIIs) see reasons for cheer as growing inflows send Indian equity markets soaring. On Monday, India’s benchmark Nifty index surged 31 points to 6,229.45, its highest since November 2010. The Sensex too gained 163 points to 20,443.62, its highest since January 2011. Both indices have gained in every session in the past week. What’s going on? And will this rally last? Continue reading »

The MCX-SX. Is it a dangerous chemical compound? A state of the art camera? Or a new type of heavy artillery? No, it’s India’s new stock exchange.

Beyond its slight tongue-twister of a name, though, will the MCX-SX offer anything of value? Continue reading »

Source: BSE India

India’s benchmark Sensex Index passed the psychological 20,000 mark for the first time in two years during the day’s trading on Tuesday. The index closed up 0.4 per cent at 19,986.82.

There has been much anticipation around the 20,000 landmark, as the index has rallied 23.7 per cent in the past twelve months. Continue reading »

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Global equities macromap

Number of the day

-0.2% Fall in Polish retail sales in April, rather worse than 1.1 per cent growth expected.

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