Live market updates: Domestic stocks got off to a decent start to 2020, trading about half a percent higher on Friday. Meanwhile, the volatility index, India VIX, cooled more than 8 percent to 19.34 levels. Among the major indices, the S&P BSE Sensex rose 220 points to 47,970 levels and …
Read More »Indian economy experiences V-shaped recovery: FinMin report
“However, high optimism among investors continues unabated, as seen in equity markets around the world. With the US dollar further weakening in November, growth prospects in the rest of the world have strengthened.” , said. The Indian economy is experiencing a V-shaped recovery, as the Gross Domestic Product (GDP) has …
Read More »PMI and GST data indicate sustained economic recovery
India’s manufacturing activity remained strong a month after hitting a decade high and indirect tax collection increased ₹$ 1 trillion for the second month in a row in November, indicating that the recovery process in Asia’s third-largest economy may still be underway. The deepening contraction in growth in the core …
Read More »XAU / USD preparing for a test of $ 2000, ISM looked
The US dollar licks its wounds, still supporting the rise in gold. The ISM Employment Index and the Employment Index and Manufacturing PMI will improve. The technical setup still favors the XAU bulls. Gold (XAU / USD) has entered a consolidation phase in the European session, with new two-week highs …
Read More »In the first signs of growth since the close, India’s manufacturing purchasing index touches 52 despite falling GDP
A man wearing a protective mask walks past a dog sitting on a sack of garlic in a closed wholesale market after authorities announced the closure for one day this week in the state of West Bengal, amid the spread of coronavirus disease (COVID-19), in Kolkata. (Reuters) For the first …
Read More »India’s manufacturing sector activity hits record low in April amid shutdown: PMI
[ad_1] NEW DELHI: Activity in the country’s manufacturing sector witnessed an unprecedented contraction in April amid national closure restrictions, after which new business orders collapsed at a record pace and companies dramatically reduced their number of employees, a monthly survey said Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing …
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