Arab Today, arab today india stocks share prices likely to consolidate
Last Updated : GMT 18:01:58
Arab Today, arab today
Arab Today, arab today

India stocks: Share prices likely to consolidate

Arab Today, arab today

Arab Today, arab today India stocks: Share prices likely to consolidate

Mumbai - Arabstoday

The buzz indicates Indian shares will consolidate this week as investors tread cautiously, taking cues from economic data and the central bank\'s scheduled rate decision on Friday. With economic turbulence in the western world setting off alarm bells in much of Asia, policymakers in New Delhi are veering to the view the Reserve Bank of India (RBI) — the world\'s most aggressive central bank that has raised rates 11 times over 16 months — needs to pause. Finance Minister Pranab Mukherjee and the influential deputy chairman of the Planning Commission, Montek Singh Ahluwalia, have aired the government\'s thinking, accepting that the long running monetary tightening policy could cause more harm than good especially with the world economy in the doldrums. On Thursday, central banks in Indonesia, Malaysia, the Philippines and South Korea held interest rates, citing the grim global economic outlook. However, RBI officials are sticking to their hawkish stance, saying stamping out inflation pressures remains the prime objective. Minutes of the previous policy meeting in July showed the Governor D. Subbarao overruled the majority view for a quarter-point increase or pause and decided to raise rates by a bigger-than-expected 50 basis points. \"This is not the time to put up speed bumps when the economy is slowing rapidly,\" said equity salesman Ramnik Dalal. \"The uncertainty on the rates is a major hurdle for the markets to hold on to gains.\" The top-30 Sensex pared gains to 0.3 per cent last week after a 1.9 per cent slide on Friday due to the cloudy rates outlook. Car sales in August fell 10.1 per cent, falling for the second consecutive month, as high borrowing costs and steep increases in the prices of vehicle and fuel took a toll. The trend is unlikely to change despite the coming festive season in October because of the high rates. Industrial output data for July due tomorrow is expected to show a sharp slowdown in the annual growth rate to around six per cent, compared with a double-digit rise a year earlier. August inflation will be released two days later and this should remain above nine per cent. The data will be crucial for the RBI to make its call. Dalal said a rate rise would briefly push the market down, but there would be value buying in the coming weeks as foreign funds move in from recession-threatened US and Europe. The gloomy global economy could spell trouble for exports that have been booming for more than a year.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india stocks share prices likely to consolidate Arab Today, arab today india stocks share prices likely to consolidate

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead

GMT 05:34 2017 Tuesday ,21 February

7 firms to list on 2nd Saudi stock board

GMT 19:53 2017 Monday ,20 February

Large stocks fall pushing down Nairobi bourse

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday