The Nifty 50 index rose 0.79% to 16,258.05, led by gains in financial services and metals sub-indexes which were up 2.44% and 0.45%, respectively.
shares, however, declined 0.4%. India's largest public lender is due to report earnings for the three months ending June on Wednesday.Indian markets have held up comparatively well despite the economy's struggles since last year to get growth back on track — progress was delayed by a devastating Covid-19 second wave this year.Reserve Bank of India, which begins its three-day monetary policy meeting on Wednesday.
"Forward guidance will favour a continuation of the accommodative policy stance to guard against growth risks, especially the third Covid wave," she said. "The accompanying commentary will heed inflation risks through close monitoring and refrain from tweaking the policy levers for now." India's retail inflation numbers for May and June came in above the RBI's inflation target range of 2% to 6%.The resilience of India's stock markets has seen an influx of retail investors, despite the pandemic-led struggles in the economy.
Retail participation likely grew in part due to a low interest rate environment. The RBI has also introduced measures toThe National Stock Exchange of India, which operates the Nifty 50 index, added almost 15 million new investors to the markets over the last 15 months, according to its CEO Vikram Limaye.
"Retail participation in Indian equity markets has been a very important component — almost 50% of the market activity is non-institutional, non-proprietary. It largely covers retail landscape," he said on CNBC's "
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
How to Stock an Indian PantryAn introduction to the key pantry items you'll need to dive deep into Indian cooking.
Leer más »
‘Indian Matchmaking’ Creator and Producer Smriti Mundhra Signs With CAA (EXCLUSIVE)CAA has signed Academy Award nominee and Emmy-nominated “Indian Matchmaking” creator Smriti Mundhra for representation in all areas. Mundhra created and executive produced the Netflix o…
Leer más »
Here are your best moves while the Fed keeps rates near zeroThe Fed's near-zero rate policy can help some Americans get a leg up, especially if they can refinance high-interest debt or take out a low-interest loan.
Leer más »
S&P 500 Hits Record High And Dow Climbs 200 Points After Blowout Earnings And Economic DataThe S&P 500 closed at a new record high today after monthly economic data alleviated concerns over rising inflation
Leer más »
KKR Earnings Surge as Firm Rakes In Record Cash From InvestorsKKR reported a big jump in earnings and hauled in a record amount of new cash from investors, as the value of its private-equity portfolio climbed
Leer más »
European markets set for cautious open as investors react to major earningsEuropean stocks are set for a muted open on Tuesday as global markets seek direction amid earnings, Covid surge, Chinese tech regulation and U.S. growth worries.
Leer más »