Last week benchmark indices closed in the red, owing to a see-saw trading week that was marked by high volatility
Nifty ended down 0.97% at 8660.25 and Sensex closed at 29815.59, lower by 0.34%. Nifty Mid-cap 100 and Small-cap 100 ended down by 6.5% and 8.6% respectively
After coming within touching distance of its historical high level, the India VIX ended the week at 70.39. The index has spiked 203% since the end of February
Last week, the government announced a ₹1.7 lakh crore Prime Minister Gareeb Kalyan Yojana package to protect the poor from the economic impact of the 21-day nationwide lockdown
The package includes direct benefit cash transfers, free LPG, grains and pulses for the poor. Additionally, the middle class would be able to withdraw funds from their Employees Provident Fund (EPF) account
On Friday, Reserve Bank of India lowered the policy repo rate by 75 basis points to 4.4%
RBI also imposed a moratorium on principal and interest payments for 3 months and told banks & non-banking finance companies that non-payment will not be considered as non-performing assets (NPA). The central bank also cut the cash reserve ratio (CRR) to 3% from 4% of the deposit base
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India's Q2 GDP performance stole the show, clocking in at an impressive 7.6%, a pleasant surprise that outpaced the general consensus. Notably, India maintained its lead over China, which posted a GDP growth of 4.9% in the July-September quarter.
Last week on the D-street was like an IPO carnival! The initial public offering (IPO) market seems to be in an unprecedented bull wave, with the debut of five IPOs aiming to raise ₹7,400 crore from investors. This is no small feat — five IPOs in a week is a rare sight.
So, diving into this week, let's explore India's consumption story. Amidst all the talk about India becoming a major economy, increased consumption stands out as a crucial pillar for this growth.
Even in the tough times of 2020, the festive season was a saving grace, injecting a much-needed boost into the economy. It's incredible how the Indian consumer wields such influence.
So, diving into this week, let's explore India's consumption story. Amidst all the talk about India becoming a major economy, increased consumption stands out as a crucial pillar for this growth.