Indian Market Commentary

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Indian shares rose sharply on Monday, with auto, oil/gas, cement and banking stocks pacing the gainers, after the government announced deregulation of diesel prices and hiked natural gas prices, a move that will help the government reduce its subsidy burden. A strong showing of the Bharatiya Janata...

Indian shares rallied sharply on Monday, with financials and oil/gas stocks pacing the gainers, after the government deregulated diesel prices and hiked gas price from the current $4.2/mBtu to $5.61/mBtu with a review every six months. The state election results also came along expected lines, boosting...

Indian shares are set to open sharply higher on Monday after the Narendra Modi government kicked off the much-needed reforms exercise by deregulating diesel prices and streamlining the previous UPA government's proposal to directly transfer LPG subsidy to the bank accounts of beneficiaries from November...

Indian shares rose modestly on Friday, with banks leading the rebound after the previous session's sell-off, as encouraging U.S. economic reports, including data showing an unexpected drop in initial jobless claims and a bigger than expected increase in industrial production eased investor concerns over...

Indian shares opened largely unchanged on Friday amid firm Asian cues after encouraging U.S. data on jobless claims and industrial production helped ease some of the recent concerns about slowing global growth. The benchmark indexes Sensex and Nifty are currently up about 0.1 percent each, with banking,...

Indian shares look set to open sharply higher on Friday as a result of improved risk sentiment, as some encouraging U.S. data helped ease some of the recent concerns about the global economy. The Asian markets are trading mostly higher, the dollar index held steady and commodities are rebounding...

Indian shares tumbled on Thursday, with the benchmark indexes Sensex and Nifty both falling to their lowest level in more than 9 weeks, as renewed fears about slowing global growth sent investors scrambling for the safety of government bonds and gold. After showing some resilience till afternoon,...

Indian shares opened higher on Thursday despite a global sell-off on concerns about weakening global growth. Brent crude futures are hovering at four-year levels and the results of exit polls predicted a clear win for the Narendra Modi-led Bharatiya Janata Party in two crucial state elections held on...

Indian shares are set to open sharply lower on Thursday, tracking heavy losses in the U.S. and Europe overnight and a weak trend in the Asia-Pacific region this morning as investors continue to fret about faltering global growth. That said, falling crude prices and the results of exit polls predicting...

The Indian stock exchanges remain closed on Wednesday due to assembly elections in Maharashtra. The benchmark indexes Sensex and Nifty fell around 0.1 percent and 0.3 percent, respectively on Tuesday as renewed fears of an economic slowdown in Germany overshadowed positive sentiment generated by strong...

Nifty futures on the Singapore Exchange are inching higher, indicating a positive start for Indian markets on Wednesday. That said, underlying sentiment will remain cautious as investors fret over slowing growth in China, Japan and the euro zone. The U.S. dollar recovered broadly against other major...

The Indian markets ended a choppy session lower on Tuesday after a closely-watched survey showed that German investor confidence deteriorated for the tenth successive month in October, underscoring fears about slowing growth in Europe's largest economy. Strong earnings results by oil & gas major...

Indian shares are little changed on Tuesday amid mixed global cues. While U.S. stocks fell sharply overnight on heightened concerns about the health of the world economy, the markets across the Asia-Pacific region are turning in a mixed performance. Paring early sharp gains, the benchmark S&P BSE...

Indian shares are set to open higher on Tuesday after Reliance Industries, the country's biggest private sector company, reported a 1.7 percent increase in quarterly profit, beating forecasts, helped by higher refining margins and strong growth in its U.S. shale business. "Renewed optimism in the...

Indian shares erased early losses on Monday, as IT, banking and metal stocks gained ground, offsetting weakness in the healthcare, realty and capital goods sectors. Industrial output data for August came below most analysts' estimates and JP Morgan cut its India GDP growth forecast for 2014/15 to...