India Stock Market Highlights Today: Global equities were mostly negative today as surging coronavirus cases and lack of clarity on the US stimulus package kept sentiments bearish

Sectorally, all the indices traded in red today, with the auto index dropping over 3%, followed by a 2.7% decline in media and a 2% drop in realty index

The kingpin of this racket is said to be Prince Manish Kumar Khatri, a third-year student and a partner in a Chartered Accountancy firm

India Stock Market Highlights Today: SBI, followed by ITC, PowerGrid, Axis Bank, NTPC, ICICI Bank, HDFC and Kotak Bank were among the top gainers on Sensex pack. On the other hand, Bajaj Auto, ONGC, Titan, HDFC Bank and Asian Paints were among the laggards

The RBI's decision broadly mirrors the stance adopted by a number of central banks in advanced economies (AE), while it diverges considerably from those of emerging market economies (EMEs) that continued to cut rates through Q2 and Q3 of 2020

For the second time in a row, RBI maintained status quo in the face of high inflation, and left the repo rate unchanged but maintained an accommodative stance

Listing sector-wise expectations, ICRA said that construction, trade, transport, hotels, communications, and services related to broadcasting are likely to recover at the slowest pace

It would be naive to expect agriculture providing jobs to about 43% of the workforce and sustaining 70% of the population living in rural India with a meagre share of 14.5% in national income (GDP) to drive growth, especially when it is going through unprecedented job and income loss

The Reserve Bank of New Zealand had forecast a quarterly and annual GDP decline of 14% in its August statement

Part II of this two-part article continues to relook at misadventures that derailed the Indian economy, threatening dreams of millions of \"aspirational\" Indians. Instead of a serious and meaningful debate, India continues to grapple with constant and systemic \"misdirection\" in multiple sense of the word

While Goldman Sachs and Fitch estimated real GDP growth to contract 14.8 per cent and 10.5 per cent, respectively, in FY21, economists at State Bank of India projected a negative growth of 10.9 per cent

Fitch Ratings says India's GDP will contract by 10.5 per cent in FY21 vs its earlier projection of 5%; India Ratings also believes economy would contract by 11.8 per cent in FY21 against its earlier projection of 5.3%

Be it any metric, India's GDP has suffered the biggest contraction among world's major economies

Quarter-on-quarter, the economy contracted 7.9%, according to the revised figures, down from 7.8 per cent in the preliminary data. The annual rate shows what the number would have been if continued for a year

India Stock Market Highlights Today: Reliance Industries, Sun Pharma, Infosys, Axis Bank and ICICI Bank were among the top gainers today. On the other hand, PowerGrid, followed by NTPC, Nestle India, ONGC, L&T, HDFC and M&M were the top losers

Indian economy, which saw one of the most stringent lockdowns, has shrunk the most amongst major economies on not just quarterly basis but also annualised basis

The downward revision in Indian economy's annual forecast comes a day after official data showed the country's GDP shrunk by a record 23.9 per cent in the April-June quarter

As per the SBI Ecowrap, all the remaining three quarters will see negative real growth, while July-September quarter is likely to witness decline in double digits

India Stock Market Highlights Today: Eicher Motors, NTPC, Nestle, Power Grid and Bajaj Finserv were leading as top gainers. On the other hand, TCS, Maruti, ITC, Nestle, Infosys, Wipro, HCL Tech, Sun Pharma,  were among the top losers today.

Most economists and rating agencies have predicted GDP contraction of 16 and 25 per cent in the April-June quarter; if this turns out to be true, it would be worst quarterly GDP numbers ever recorded since India started compiling GDP data on quarterly basis in 1996