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A man stands outside the Bombay Stock Exchange building in Mumbai | Dhiraj Singh/Bloomberg

What’s next for Indian stocks after posting world’s biggest rally in March

Investors will have to watch out for Lok Sabha election results, corporate profits, US-China trade talks & big moves in oil prices.
The North Block of the Central Secretariat buildings| Anindito Mukherjee/Bloomberg

A $3.3 billion fund manager sees hung Parliament hurting stock market rally

Stock market will be in trouble if a weak leader emerges to lead an unstable government, says Rahul Singh of Tata Asset Management.
A man stands outside the Bombay Stock Exchange building in Mumbai | Dhiraj Singh/Bloomberg

Optimism over Modi’s re-election makes rupee Asia’s best currency

Improved chances of PM Modi winning a second term have led to the stock & debt markets luring robust dollar flows.
An office in Gurgaon, Haryana | Representational image | Udit Kulshrestha/Bloomberg

How India Inc can get over its financing hump

A market-pleasing election outcome on 23 May & higher stock prices could encourage businesses to bring in more equity.
An electronic ticker board indicates British pound to Indian rupee currency exchange rate outside the Bombay Stock Exchange building in Mumbai| Dhiraj Singh/Bloomberg

From best to worst, India’s stock market sets off alarm bells

General elections, debt crisis, Modi govt’s demands on RBI & high valuations are keeping investors on the sidelines.
Construction site

India is sleepwalking to trouble on debt of real estate developers

A lack of project cash flows, combined with costlier refinancing, could force property assets to head straight to the morgue after moratorium.

Rupee plunges to 72.42 per US dollar amid Urjit Patel exit, election trends

Sensex tanks over 500 points, Nifty falls below 10,400. Analysts say currency fall is a knee-jerk reaction. Indian assets declined as investors reacted to the shock exit of the central bank Governor Urjit Patel and as early trends showed the ruling Bharatiya Janata Party is heading for electoral losses in key states. The rupee weakened 1.3 percent against the dollar at 9:48 a.m. in Mumbai, while yields on 10-year sovereign bonds rose 8 basis points. The S&P BSE Sensex gauge of stocks dropped 0.8 percent. Patel quit Monday hours after equities closed their worst session in two months after exit polls predicted a close fight for Prime Minister Narendra Modi in Madhya Pradesh and Chhattisgarh, the party’s strongholds, and victory for Congress in Rajasthan. Patel’s shock exit dealt investors another bout of monetary policy uncertainty when they were already bracing for an electoral test of the ruling party. An adverse result may...
BSE

India’s top hedge fund is back to buying stocks after selloff

India’s top hedge fund is unwinding its cash position and is bullish about a bounce in equities after this month’s slump.
A man checks out the live index outside the Bombay Stock Exchange | Getty Images

Sensex turns bullish ahead of quarterly results

India’s equity index continues to rise for a fourth day as investors are expecting good quarterly earnings.
A man looks up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange (BSE)

Ahead of earnings season, stock market rebounds from a 6-month low

After Sensex dropped to 23.4 Tuesday, some investors judged the selloff as excessive which rebounded Indian stocks. Mumbai: Indian stocks rebounded as some investors judged the recent selloff as excessive after the benchmark index closed at a six-month low Tuesday. The S&P BSE Sensex rose 1.4 percent to 34,760.89 at close in Mumbai after a technical indicator yesterday fell below a level that some investors see as a signal to buy shares. Seventeen of 19 sector sub-indexes compiled by BSE Ltd. advanced, led by a gauge of real estate and consumer durables shares. Zee Entertainment Enterprises Ltd. reported net income for the second quarter that was 3.5 percent below the average analyst estimate. “Indian stocks are rebounding from an oversold zone,” Soumen Chatterjee, head of research at Guiness Securities Ltd., said by phone. “Markets will continue to be volatile in the coming days and will offer great long-term buying opportunities.” The Sensex’s relative...

On Camera

IAS poll observer: With Modi breaking rules, should EC give him special security treatment?

The Election Commission has suspended an IAS officer who had inspected PM Narendra Modi’s chopper in Odisha’s Sambalpur Tuesday.

Defence

Satellite images suggest that China is testing and weaponising its naval platforms for space denial

China is now testing laser ASAT weapons from its naval ships

China has already tested missile & EMP anti-satellite weapons from the ground. Now it’s using icebreaker ships in the Yellow Sea/Bohai Sea area.
National interest

Imran Khan’s ‘support’ for Modi shows BJP has walked into its own Pakistan trap

Modi & the BJP hope to return to power by exploiting the fear of Pakistan. Imran Khan has turned the tables and become a factor dividing Indian public opinion.