New Delhi: India’s economy started the fourth quarter on a strong note, National Council of Applied Economic Research (NCAER) said in its monthly economic review, Wednesday. NCAER noted that high frequency indicator like Purchasing Managers’ Index and Goods and Services Tax collection indicated a resilient economy with services accelerating and manufacturing gaining momentum. “The markers … Read more
New Delhi: The Indian economy likely expected 6.7% in the July-September quarter, according to a median forecast of 10 economists polled by ET, boosted by a strong performance by the services sector. The Reserve Bank of India (RBI) has forecast 6.5% growth in the quarter. Robust manufacturing and construction activity also likely contributed to growth … Read more
NEW DELHI: US Fed Chair Jerome Powell’s ultra hawkish speech at the Jackson Hole symposium last Friday scared equity bulls enough to lead a spike in both the US dollar index and bond yields but failed to control the enthusiasm of foreign institutional investors or FIIs betting on India. FIIs ended up pouring over Rs … Read more
New Delhi: The domestic equity market continued to remain in flavour on the back of favourable global cues, which lifted the indices higher. Sensex hit 57,500 mark during the week, with Nifty50 settling over the 17,150 level. Both benchmark indices rallied close to 3 per cent during the week and this was their best weekly … Read more
Gold slumped to a 16-month low last week but managed to recover and end the week with a 1.1 per cent gain bringing a halt to its five week losing streak. Despite the recovery, there is little encouragement for yjegold bulls as they face the next big challenge which is the Fed‘s monetary policy decision … Read more
For majority of investors, this is the first cycle they are witnessing. Pre-covid, the participation in equity markets was three per cent, which has now risen to seven per cent, which is a clear indication of how retail investors have come pouring into the markets. Considering the high returns of 2020 and 2021, there was … Read more
India’s services sector’s growth has continued to gain momentum, with a surge in incoming new work boosting business activity and supporting a renewed increase in employment amid rising price pressures, data shows. India’s S&P Global PMI in the month of April stood at 57.9, up from 53.6 in March. Similarly, the composite PMI for the … Read more
India’s manufacturing sector activities moderated in December but output remained in the growth territory, amid slower rise in sales and new orders, even as business sentiment was dampened by concerns surrounding supply-chain disruptions, COVID-19 and inflationary pressures, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) eased … Read more
Manufacturing activity in India grew at its fastest pace in 10 months in November, driven by strengthening demand and improving market conditions amid tentative signs of an improvement in hiring activity, a private survey showed on Wednesday. Companies scaled up input buying, which in turn led to the second-quickest accumulation in stocks of purchases in … Read more
Economists are tracking proxy economic indicators such as footwear sales, city billboard usage, product and services advertisements, travel-related searches, fish, meat and poultry purchases, and demand for smartphones to gauge the strength of the post-pandemic recovery. A string of high-frequency alternative indicators, along with government-issued data sets such as goods and services tax (GST) collection, … Read more