The BSE Sensex closed 1.2 percent higher in a week that was marked by two successive record highs for the benchmark.
Prime Minister Narendra Modi’s Independence Day speech and easing wholesale inflation boosted sentiment earlier in the week. Buying of Indian equities by foreign investors and a slide in Brent crude prices to near 14-months lows also helped.
The benchmark BSE Sensex rose 2.4 percent this week as domestic-oriented stocks surged on hopes the incoming BJP government would keep up its promises to kick start an economy whose growth has dipped to its slowest in a decade.
Shares in companies such as Coal India, that are expected to benefit from an economic revival, and utilities performed well.
Traditional Indian wear with the latest trends dominated the Wills Lifestyle India Fashion Week (WIFW) in New Delhi.
The Autumn/Winter 2014 edition showcased designers such as Tarun Tahiliani and Namrata Joshipira, with Rahul Mishra presenting a collection that won the Woolmark Prize in Milan in February.
Baldev Gulati loves to eat out. Friends and family often join him, but sometimes he likes to go on a date with himself. There’s one problem — Gulati is blind.
The 43-year-old businessman, sightless since birth, was tired of asking waiters and fellow diners to read restaurant menus out loud. Gulati’s food choices were restricted and he couldn’t experiment with cuisines. That’s when the thought struck him — why not get restaurants in Delhi to introduce menus in Braille?
The BSE Sensex closed in the red twice this week, eventually ending with losses of 0.5 percent. The week began with the benchmark index touching an all-time high of 22,023.98 points in trade on Monday, aided by strong foreign buying.
Shares retreated from record highs as investors booked profits and by Friday, some caution was setting in about the pace of recent gains.
Rohit Gulati always wanted to buy a car that would have enough space for all eight members of his family. But with his limited savings, he didn’t see that happening for some years.
In August, the 34-year-old Café Coffee Day supply chain executive, spotted a newspaper advertisement about a new car financing program. Four months later, Gulati was ferrying his family across New Delhi in a new Maruti Eeco.
India’s information technology services businesses will continue to benefit from improving client demand from developed countries in 2014, pushing stocks higher after a stellar performance last year, analysts told India Insight.
India’s No. 1 IT services exporter Tata Consultancy Services (TCS) and its rival Infosys beat analysts’ expectations in their financial results that were released earlier this month. They also raised their sales growth forecasts on signs of improving economies in the United States and Europe.
Kamaldeep Sethi used to be a corporate trainer with a flair for drawing on office walls. Then a colleague talked him into learning the art of tattoos.
Sethi, who goes by the name KD, set up a tattoo parlour in New Delhi in 2005. He now owns three shops, including one in Canada. The 32-year-old is part of a new generation of tattoo artists who left high-paying corporate jobs to follow their passion.
The BSE Sensex rose 3 percent during the week, ending in the green for four of the five trading sessions. Improved guidance from Infosys, hopes of a U.S. deal to avoid a default on its debt and the RBI’s decision to cut a key overnight interest rate helped sentiment.
Rajjesh Mittal spends 20 minutes each morning placing bids for postage stamps on eBay. The IT entrepreneur began flirting with philately, or stamp collecting, two years ago, and has become such an ardent collector that he wants to demonstrate his love for postage by getting a tattoo of independent India’s first commemorative postmark.
Mittal is part of a generation of urban, educated Indians celebrating all things postal in the age of e-mail and Twitter. Though numbers are hard to come by, philately appears to be staging a revival in India, with estimates ranging from 25,000 to over 100,000 active collectors. Like Mittal, working professionals are taking up the hobby, joining stamp-collecting clubs and fostering friendships with enthusiasts from all walks of life.