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Saturday
August 2019
5:30 AM IST
News Headlines
I find nets claustrophobic, prefer centre wicket for match simulation: Kohli        Rahane's 81 only saving grace in India 203 for 6 on day 1        No more dessert names, Google to officially call new OS 'Android 10'        Sensex, Nifty rebound on hopes of FPI tax rollback        Despite tensions, Pak stands ready to open Kartarpur Corridor: Qureshi        Two Govt hospitals in Pak deny specialised ambulance facility to Sharif        UN, France raise concern over Amazon wildfires 'crisis'        INX Media: SC grants interim protection to Chidambaram in ED case; no relief in CBI matter        Always said demonising Modi wrong: Singhvi        Alert in Tamil Nadu after intel of Lashkar terrorists' intrusion        FM proposes measures to enhance fund flows for infra, housing projs        FATF Asia-Pacific Group puts Pakistan in terror 'blacklist': Officials        Vivek Oberoi to star in film on Balakot air strikes        It's better to get hit early and hard: Kohli on bouncers        Messi 'made me better player', says Ronaldo        Nirav Modi to appear via videolink for remand hearing in UK        Rupee slips 17 paise to 71.72 vs USD in early trade        US seeking balancing act in South Asia over Kashmir: Report        Pro-growth RBI minutes to cap yields; revives expectations for further policy easing        N Korea dismisses nuclear talks if US 'hostile military moves' continue        
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Business News
RBI policy, macro data key for markets in holiday-shortened week: Analysts
 
New Delhi: The RBI's interest rate decision, key macroeconomic data points and global trends would drive the market in a holiday-shortened week ahead, say analysts.

Markets would remain closed on Wednesday for Id-Ul-Fitr.

Meanwhile, official data released after market hours Friday showed that India's economic growth rate slowed to a five-year low of 5.8 per cent in January-March 2018-19 due to poor performance of agriculture and manufacturing sectors.

The eight core sector industries too witnessed a slowdown in April, with growth rate slipping to 2.6 per cent.

There was, however, some relief on the government finances front, as the fiscal deficit for 2018-19 remained within the revised Budget target of 3.4 per cent of the GDP.

Markets may react to these numbers Monday, but slowing GDP growth has increased the chances of a rate cut by the RBI on June 6, which will be welcomed by participants, analysts said.

"On global front, US-China trade wars along with rise in oil price will determine further trend. We continue to remain optimistic on equity markets," said Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas.

Post the announcement of key portfolios in the newly-elected government, focus will shift towards various economic reforms and policies, experts added.

"Finance Ministry is now lead by Nirmala Sitharaman and there are many hopes now. First is liquidity, followed by banks recapitalisation and improvement in demand in the economy," said Mustafa Nadeem, CEO, Epic Research.

According to Jimeet Modi, Founder and CEO, SAMCO Securities & StockNote, "This week is crucial for a mid-term direction of the market."

PMI data for the manufacturing and services sectors as well as auto sales numbers for the month of May are scheduled to be released this week.

"The ambiguity of portfolio allocation is now removed, so this is good for the market in a sense. Emergence of clarity is what was important, and now narrative in markets will be about the economic policies that will be adopted to revive and stimulate the slowing economy," said Jagannadham Thunuguntla, Sr VP and Head of Research (Wealth), Centrum Broking Limited.

In a highly volatile session on Friday, the benchmark BSE Sensex ended 118 points lower at 39,714.20. However, on a weekly basis, the 30-share index finished with a gain of 279.4 points.


No more dessert names, Google to officially call new OS 'Android 10'
Sensex, Nifty rebound on hopes of FPI tax rollback
Nirav Modi to appear via videolink for remand hearing in UK
Rupee slips 17 paise to 71.72 vs USD in early trade
SBI plans to establish nearly 10 lakh YONO Cash Points
Sensex tumbles 268 pts; Tata Motors tanks 9 pc
Huawei dismisses new suspension of 'unjust' US ban
Rupee hits fresh 6-mth low of 71.71; dives 28 paise
China lost 20 lakhs jobs in short period of time: Trump
Rupee plunges to over 6-mth low of 71.43; skids 29 paise
Ready to help J&K hold investment summit in Mumbai: Fadnavis
Credit demand subdued, economy needs stimulus: SBI Chairman
Trump says Apple will spend 'vast sums' in US
Coffee Day Enterprises says debt to fall to Rs 1,000 cr post sale of Bengaluru tech park
Sensex, Nifty edge higher on stimulus talks; post weekly loss
Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
Airtel shareholders approve waiver in recovery of excess pay to Mittal
Rupee slips 12 paise to 70.93 vs USD in early trade
Gaana looking to break-even in next 4-5 years
Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73 on yuan shock
KERALA NEWS
Malayalam actor, film crew stranded in Himachal village
 Thiruvananthapuram: A 30-member film crew from Kerala, including award-winning actress Manju Warrier  
Ex-Deputy Commandant of AR camp held in connection with constable's death
"More flights to Kerala from Gulf countries during Onam"
Flood in Kerala: CM conducts aerial survey
INTERNATIONAL NEWS
Despite tensions, Pak stands ready to open Kartarpur Corridor: Qureshi
 Islamabad: Pakistan on Friday said that despite tensions with India, it stands ready to open the Kar
Two Govt hospitals in Pak deny specialised ambulance facility to Sharif
UN, France raise concern over Amazon wildfires 'crisis'
US seeking balancing act in South Asia over Kashmir: Report
NATIONAL NEWS
INX Media: SC grants interim protection to Chidambaram in ED case; no relief in CBI matter
 New Delhi: Congress leader and former union finance minister P Chidambaram was on Friday granted pro
Always said demonising Modi wrong: Singhvi
Alert in Tamil Nadu after intel of Lashkar terrorists' intrusion
FATF Asia-Pacific Group puts Pakistan in terror 'blacklist': Officials
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