(Any opinions expressed here are those of the author and not of Thomson Reuters)
A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai, March 4, 2015. REUTERS/Shailesh Andrade/Files
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai January 6, 2015. REUTERS/Shailesh Andrade
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. REUTERS/Shailesh Andrade/Files
(Any opinions expressed here are those of the author and not of Thomson Reuters)
(Any opinions expressed here are those of the author and not of Thomson Reuters)
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Markets consolidated during the week and at one point threatened to break Nifty 7,400 levels. But the index rallied to close above 7,600 points, up 1.25 percent for the week. The gains were part of an Asian rally triggered by a strengthening of regional currencies against the dollar.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
(Any opinions expressed here are those of the author and not of Thomson Reuters)
A confluence of positive factors, both global and local, led to a sharp rally in Indian stocks. The budget did not have anything positive for markets but it put to rest fears of re-introduction of a long-term capital gains tax which was worrying investors for the past month. From the panic lows of 6,850 on budget day, the Nifty rallied to end the week almost 6.5 percent higher.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Ever since India’s budget was announced on February 29, we have repeatedly been asked three main questions. The common thread underlying them is a very legitimate query: How is the government planning to do all the proposed spending while remaining fiscally disciplined? Or, alternatively, is the government really going to spend all that money?
(Any opinions expressed here are those of the author and not of Thomson Reuters)
The wild gyrations in the stock market on Budget day were due to initial disapproval over inadequate measures taken to recapitalise banks and the seemingly unfair corporate tax treatment for large firms that form the bulk of market capitalisation.