India's GDP slowed to 5 percent in the April to June quarter, following which analysts said it was an aberration and that the economy would witness a rebound.However, after the release of the October IIP data, most ratings agencies have revised their outlook on India. Many economists are now predicting that the current quarter's GDP numbers could be as low as 4.25 percent.There were expectations of some recovery during the festive period, but that does not seem to have happened. In episode 10 of In Focus with Udayan Mukherjee, the CNBC-TV18 Consulting Editor digs deeper into whether or not, the market will be able climb higher from current levels in the face of a struggling economy.Close Watch the video for more. related news Nitin Gadkari suggests leather export industry to develop clusters in backward areas Relief for taxpayers as govt extends due dates for filing GST annual returns 3-Point Analysis | IHCL Q2 review Get access to India's fastest growing financial … [Read more...] about In Focus with Udayan Mukherjee | Can the stock market rally despite weakening economy?
Vodafone Idea shares plummeted over 20 per cent after the Aditya Birla Group refused to infuse fresh capital in the company, adding that it would rather prefer insolvency if the government chooses not to help. The Vodafone Group had a day earlier refused to infuse any fresh money in the venture. Troubles surfaced for SpiceJet investors as the stock tanked after the company posted another quarterly loss. Vedanta also lost some ground after its Q2 numbers and pulled Nifty Metal index nearly 2 per cent lower. Banks salvaged situation for the benchmark indices, as ICICI Bank and HDFC Bank emerged the biggest Sensex contributors. The 30-share pack jumped 170 points to 40,286, while its NSE counterpart Nifty rose 30 points to 11,870. “We expect Nifty to consolidate further in the near future, which suggests continuing with a stock-specific trading approach. In the absence of any major event, global markets will continue to dictate market trend,” said Ajit Mishra, … [Read more...] about After Market: Voda Idea, SpiceJet tank; banks lift Sensex; IOC battered
Hopes that the reelection of the Narendra Modi government would lift markets have failed to materialise on global and local concerns.The country's GDP growth fell to over a 6-year low of 5 percent in the June quarter, equity benchmarks Nifty and Sensex have plunged 7.10 percent and 5.81 percent, respectively, since May 24.On the domestic front, the budget proposal of tax surcharge on super-rich, a slump in auto sales and the liquidity crunch in the financial market triggered a fresh wave of outflow of foreign fund from the equity market.Close The poor health of banks and NBFCs, disappointing quarterly earnings of the India Inc and an almost stagnant agri sector made the situation worse. related news Technical View: Nifty forms hammer pattern, 11,839 crucial for further upside Taking Stock: Bulls defend 11,800 level for Nifty; telecom, metals take a hit Top 30 large, mid & smallcap stocks fund managers bought, sold in October The US-China trade war, the chaos around … [Read more...] about 12 BSE 500 stocks that jumped up to 50% since May 24 despite market weakness
The Hunger Games’ Jennifer Lawrence Photo: Richie Buxo/Splash News In The Hunger Games, Katniss Everdeen comes out of nowhere when she volunteers for the titular event, but she quickly makes an impression on Panem pundits, who give her fantastic odds to survive and thrive. Could the same be said for Katniss’s portrayer, 21-year-old Jennifer Lawrence? With an Oscar nomination already in her quiver, The Hunger Games is poised to make her a household name, so we thought it high time to ask Hollywood insiders Vulture’s perennial question: If Jennifer Lawrence was a stock, would you buy, sell, or hold? Stock History: After leaving high school two years early to pursue an acting career, Kentucky native Lawrence quickly found TV work as a teen, and was even a regular on TBS sitcom The Bill Engvall Show. Indies like The Burning Plain and The Poker House won her plaudits, if not eyeballs, and then her lead role in the 2010 drama Winter’s Bone came like a bolt out of … [Read more...] about The Star Market: Are the Hollywood Odds in Jennifer Lawrence’s Favor?
* Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh By Elizabeth Howcroft Nov 12 (Reuters) - The dollar was stronger against the yen and Swiss franc on Tuesday as traders grew optimistic ahead of a speech by U.S. President Donald Trump, during which he is expected to again postpone imposing tariffs on European Union autos. Trump’s speech to the Economic Club of New York is expected to be market-moving as he is scheduled to discuss U.S. trade policy. Currency traders will also be listening for hints about the Trump administration’s long-running trade war with China, and any progress towards the “phase one” trade deal. “The market has obviously been quite wary about whether a phase one deal is on or not - a lot of hopes are being placed on this speech one way or another,” said Jane Foley, senior forex strategist at Rabobank. “We just don’t know which way he’s going to go,” she said, as Trump can be “very … [Read more...] about FOREX-Dollar edges up ahead of potentially market-moving Trump trade speech