bse-sensex-falls-from-record-high-on-profit-booking

BSE Sensex falls from record high on profit booking

Mumbai, May 27 (ANI): Market on Tuesday opened in a negative territory, a day after Narendra Modi and his cabinet ministers took oath to form the new government. The BSE Sensex retreated from record high by losing over 160 points in early trade as cautious investors booked profits. Market Expert Sunil Shah said that this is an understandable trend as market is taking a pause. Further, he said that IT sector is doing well as against the previous times. May 27, 2014
Nikkei

Asian Shares, Australian Dollar Rise on Firm China PMI

Asian shares and the Australian dollar rose on Thursday after an upbeat reading on China's factory sector blunted some of the more pessimistic views on the world's second-biggest economy, supporting risk appetite already burnished by a strong session on Wall Street. May 22, 2014
rbi-governor-says-fiscal-discipline-key-for-economic-growth

RBI governor says fiscal discipline key for economic growth

New Delhi, May 21 (ANI): RBI governor Raghuram Rajan has reiterated his call for fiscal discipline. Rajan stated that it is essential for the country to achieve sustainable economic growth. Although the comments were part of a broader speech on public sector banks, they come as India's newly elected government led by Narendra Modi is set to face its first credibility test with markets when it delivers a budget by July. Rajan repeated his call while noting that India would not always be able to rely on banks to buy a large portion of its government debt as it usually does. Banks, in turn, raise the funds needed to buy the bonds by attracting deposits from retail investors. May 21, 2014
stocks-soar-on-continued-optimism-after-modi-win

Stocks soar on continued optimism after Modi win

Mumbai/ New Delhi, May 19 (ANI): Bombay Stock Exchange and Nifty were trading higher on Monday as optimism continued after Narendra Modi-led BJP won a majority in the country's elections. Although both indexes are well below the record highs hit on Friday, when the Nifty gained as much as 1.2 percent before pulling back, brokers continue to raise their targets for the year. Overseas investors bought Indian shares of worth 36.34 billion rupees ($615.6 million) on Friday, marking their biggest single-day purchase since March, provisional exchange data shows. In financial capital Mumbai, stock market expert Sunil Shah said the upcoming new government was fuelling the stock value to new highs. May 19, 2014