India Insight

Markets this quarter: Sensex gains 5.7 percent, L&T surges 19 percent

March 31, 2014

By Aditya Kalra and Sankalp Phartiyal

Indian shares posted record highs in March as strong foreign buying sent blue-chip stocks such as Larsen & Toubro higher and boosted overall investor sentiment ahead of a general election.

Equity mutual funds record best monthly performance since Jan 2012

November 5, 2013

India’s diversified equity funds posted their best monthly performance since Jan 2012 as the benchmark Sensex scaled record highs in October, with bets on sectors such as banking and capital goods boosting mutual fund returns.

Markets this week: Sensex falls 2.6 percent, Jindal Steel slumps 9 percent

September 27, 2013

After rising for four consecutive weeks, the BSE Sensex fell 2.6 percent in the last five trading sessions, as a surprise repo rate hike by the Reserve Bank of India (RBI) on Sept. 20 dampened investor confidence and battered banking shares.

Bharti Airtel, NTPC top Sensex losers this week

By Reuters Staff
August 23, 2013

By Sankalp Phartiyal and Ankush Arora

The BSE Sensex recovered on Thursday and Friday after the index lost around 700 points in the first three trading sessions of the week. However, the index still ended down 0.4 percent as a weak rupee, concerns over foreign flows and uncertainty over the end of the U.S. Fed’s stimulus plan kept investors on the edge.

Tracking Sensex: L&T top loser this week

By Reuters Staff
July 26, 2013

By Aditya Kalra and Sankalp Phartiyal

The Sensex lost 2 percent and the Nifty slipped 2.3 percent in a tough week for stocks as Indian markets remained cautious ahead of the Reserve Bank of India (RBI) policy review on July 30.

Tracking Sensex: Top five gainers, losers this week

May 10, 2013

The BSE Sensex ended above the 20,000 mark on Friday after gaining 2.6 percent in the last five trading sessions. The index has now risen for four straight weeks. Here are the top five Sensex gainers and losers of the week:

God and the central banker

October 4, 2011

Can central bankers play god to the markets? India’s central bank chief Duvvuri Subbarao does not believe so. In doing so, the Reserve Bank of India governor, a physics student, has taken refuge in quantum mechanics.

Can India’s love for cricket move stock markets?

October 7, 2010

India's Pragyan Ojha (R), Vangipurappu Laxman (rear, obscured) and Laxman's runner Suresh Raina celebrate India's victory over Australia on the fifth day of their first test cricket match in Mohali October 5, 2010.  REUTERS/Andrew Caballero-Reynolds
It’s widely acknowledged that cricket is something of a religion in India but could it be a market-mover too?

Surviving as a woman in urban India

June 8, 2009

As I stood waiting for an auto rickshaw near India Gate in New Delhi last December, three big cars slowed down within a quarter of an hour to check me out. They waited for a few minutes and then drove away without anyone getting out.Many of my friends have experienced much the same thing — especially in India’s capital, a woman walking in the street is too often seen as fair game if a man isn’t with her.When I came home, I checked myself in the mirror to see what it was about my appearance that caught their eye.Bespectacled, with no make-up, dressed in loose fitting jeans and a baggy sweater, I could not figure out why. I asked my husband, “Who do I look like?”He laughed and said, “In Delhi you just have to be a woman, how you look doesn’t matter”.I have been traveling by myself on Delhi’s public transport since my college days. Bus conductors have tried to brush against my fingers while giving me a ticket, and well-dressed, middle-aged men have whispered in my ear to ask for my phone number.These experiences have changed the way I behave on the streets of a city I otherwise love. I avoid looking auto rickshaw drivers in the eye just in case they get the wrong idea and I’m always on my guard against gropers while walking, especially in markets.I avoid driving alone after eight-thirty to avoid male drivers following me, or worse. A media colleague working at one of India’s national TV channels was killed last year while driving by herself late at night. At the time, the chief minister of Delhi, Sheila Dikshit, said the girl should not have been so adventurous as to travel at three in the morning. She later said her remark had been blown out of proportion.A friend told me she complained to police when someone tried to snatch her bag in the market. Instead of investigating the case, the duty officer started questioning her about just what exactly she thought she was doing out at eight-thirty in the evening.When I look back at the families I knew growing up, I can begin to see why some men seem to think the way they do. As an only child, I had a pampered upbringing. But when I was invited to other families for lunch or dinner, if the dining room was too small to fit all the guests, the men would always be served first and given the best portion of the food.If a family could not afford to send all their children to private schools, it was invariably the girls who gave way and went to a government school instead. One of my friends, when he was a teenage boy, could go on dates without having to explain himself. But all hell would break loose if his sister had a similar adventure.When the friend of mine was looking for a suitable husband, her parents introduced her to a lot of people. She told me about one conversation she remembers: the first thing the man asked her was, “do you smoke, do you drink?”When she asked why, he said “you can’t take such girls to your mother.” He himself did enjoy a tipple, and needless to say she didn’t marry him.ALSO READ: Domestic abuse plagues India’s upper crust

Less profit is not loss

November 10, 2008

The times they are a changin’, and indeed they have. For better or for worse, I am not sure, but what has changed is the way we look at making money from money.