Monday, March 16
Despite India's concerns over Pakistan's support for terrorism, the IMF has disbursed a $1 billion bailout package, stating Pakistan met all required targets under the Extended Fund Facility. The decision followed a review where the IMF board determined Pakistan had made progress on reforms.
Amidst rising tensions stemming from perceived support for Pakistan, wealthy Indian families and NRIs are increasingly avoiding Turkey and Azerbaijan for weddings and corporate events. This shift has led to the rescheduling or relocation of several high-profile events, impacting the region's event industry. Destinations like the UAE, Rajasthan, and particularly Bahrain, are gaining popularity as alternatives.
Indian stock markets opened lower on Thursday, with both Nifty50 and Sensex declining due to global risk-off sentiment and rising US bond yields. Concerns over the US fiscal deficit and debt are impacting investor confidence, even as domestic consumption-driven companies show positive performance. Foreign portfolio investors were net buyers, while oil prices decreased amid rising US crude inventories.
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, tanked in trade on Thursday. While Nifty50 went below 24,550, BSE Sensex was down over 1,100 points intraday.
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, tanked in trade on Thursday. While Nifty50 went below 24,550, BSE Sensex was down over 1,000 points.
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, tanked in trade on Thursday. While Nifty50 went below 24,600, BSE Sensex was down over 850 points.
Indian stock markets surged on Wednesday, with the Nifty50 exceeding 24,900 and the BSE Sensex climbing 800 points. Market sentiment is cautious due to international developments, including US trade negotiations and rising US Treasury yields. Foreign investors turned net sellers, while domestic institutions bought.
Morgan Stanley has revised India's economic growth forecast upwards to 6.2% for FY26 and 6.5% for FY27, citing easing US-China trade tensions and strong domestic demand. The firm anticipates continued policy support, with easier monetary policy and prioritized capital expenditure, fueling growth. Consumption recovery is expected to broaden, alongside robust public and household capital expenditure.
Stock market today: Nifty50 and BSE Sensex indices recovered strongly on Wednesday, ending their three-day decline, supported by purchases in major banking stocks like HDFC Bank and ICICI Bank, alongside positive trends in Asian markets
