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Nifty Future Tips: Christine Lagarde praises Raghuram Rajan for treating bad loans well

Discussion in 'Stock Market News & Analysis' started by Anik singh, Mar 14, 2016.

  1. Anik singh

    Anik singh New Member

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    New Delhi: IMF (International Monetary Fund) Managing Director Christine Lagarde recently praised Reserve Bank of India Governor Mr. Raghuram Rajan for his unmatched efforts on cleaning up banks’ balance sheets.
     
  2. capitalstars05

    capitalstars05 New Member

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    Markets rose for a second consecutive session on Monday, led by Tata Motors after it posted robust sales for February and on improved global risk appetite after gains on Wall Street and in Europe last week. The S&P BSE Sensex and CNX Nifty ended 0.35%-0.38% higher each. The Indian equities ended tad higher in a bullish trade on Monday amid value buying by traders in the blue chips stocks, tracking firm cues from global peers. The positivity in market was also injected after the Reserve Bank of India's governor gave early indication of a rate cut at its next policy meet, which saw rate sensitive stocks surging on the local bourses. The government data showed that India’s Wholesale Price Index (WPI) shrank to -0.91% for the month of February as compared to -0.90% for the previous month, continuing its deflationary trend for sixteenth consecutive months

    HEADLINES OF THE DAY

    • Car exports decline nearly 4% in Apr-Feb period
    • February WPI Inflation Unchanged
    • Apollo Hospitals completes 51% stake in Assam Hospitals

    Global Markets:

    • US stock index futures poised for a lower opening at the Wall Street on Monday.
    • European shares rose on Monday as funding plans from the European Central Bank for the region's lenders buoyed markets, while Italian banking stocks surged on the prospect of a possible rescue deal.
    • Asian stock markets rose Monday, extending a global rally after Wall Street finished last week strongly, as investors turned their attention to several key upcoming central bank meetings.

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