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Indian Market Commentary

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Weak cues from Asia and Europe triggered heavy selling on local bourses Friday, dragging benchmark indexes Sensex and Nifty close to two-week lows. With a key U.S. jobs report slated for release tonight and Sunday's controversial Italian referendum hurting risk sentiment globally, traders remained...

Indian shares followed Asian peers lower on Friday as rallying oil prices lifted inflation expectations and a rise in U.S. Treasury yields stirred worries about capital outflows. The rupee opened marginally higher at 68.28 as the dollar fell against a basket of currencies ahead of the monthly U.S....

Indian shares may follow Asian peers lower on Friday after benchmark 10-year U.S. Treasury yields surged to near 18-month highs on the prospects of higher fiscal spending, inflation and interest rates in the U.S. under Trump's presidency. The jump in safe-haven yields and a strengthening dollar pose...

Indian shares ended a lackluster session slightly lower on Thursday after a monthly survey revealed the withdrawal of high-value banknotes took a toll on the country's manufacturing sector growth in November. The Nikkei Purchasing Managers' Index fell to 52.3 from 54.4 in the previous month as new...

Indian shares fell slightly in early trade Thursday, as a sharp rally in oil prices and the dollar's strength in overseas markets offset positive GDP and core sector output data released after market hours yesterday. While India's GDP growth inched up to 7.3 percent in the fiscal second quarter,...

Indian shares may open higher on Thursday, with solid GDP data and firm global cues likely to support underlying sentiment. India's GDP grew an annual 7.3 percent in the fiscal second quarter, up from 7.1 percent growth registered in the previous three months, boosted by a stronger performance in...

Indian shares rose for a fourth consecutive session on Wednesday to hit two-week highs, as banks rebounded from recent losses and the rupee gained ground versus the dollar ahead of the September quarter GDP data as well as the highly-anticipated OPEC meeting due later in the day. Global cues were...

Indian shares fluctuated in early trade Wednesday after three days of gains. The rupee opened marginally lower at 68.67 as the dollar edged up and U.S. debt yields resumed their ascent on the back of upbeat GDP, consumer confidence and home price data released overnight. The benchmark BSE Sensex...

Indian shares look set to open flat to slightly higher on Wednesday, tracking gains in global markets. That said, any potential gains could be limited by ongoing cash crunch concerns, the terrorist attack on an Army establishment at Nagrota in Jammu & Kashmir, and weakness in the rupee on bets the U.S....

Indian shares rose for a third consecutive session on Tuesday, although key benchmark indexes Sensex and the Nifty ended off their day's highs amid losses in the banking, healthcare and IT sectors. The benchmark BSE Sensex hit as high as 26,587 in the afternoon before paring gains to end the session...

Indian shares opened a tad higher on Tuesday and the rupee rose to 68.73 in early trade, as the dollar continued to retreat ahead of Wednesday's OPEC meeting, Friday's jobs report and a crucial referendum in Italy this weekend on constitutional change. The RBI's decision on Monday easing withdrawal...

Indian shares may open largely unchanged on Tuesday as hopes that banks will cut lending rates in the immediate future faded and global financial services giant Morgan Stanley downgraded its India GDP growth forecast for the current fiscal to 7.3 percent from the earlier 7.7 percent in the post demonetized...

Indian shares ended a choppy session slightly higher on Monday as banking stocks pared earlier losses and sliding oil prices pushed shares of state-run oil companies higher. Global cues were mixed and the rupee traded near a fresh record low against the dollar, keeping investors on edge. The benchmark...

Indian shares opened lower on Monday, with banking stocks underperforming after the RBI directed banks to maintain an incremental CRR (cash reserve ratio) of 100 percent starting November 26 in order to drain out the surplus liquidity with them. The benchmark BSE Sensex was down 58 points or 0.22...

Indian shares may open lower on Monday, with banking stocks likely to remain in focus, after the Reserve Bank of India directed banks to maintain an incremental cash reserve ratio (CRR) of 100 percent on deposits for the fortnight beginning Sunday in an attempt to absorb some of the surplus liquidity...

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