Stocks rebounded on Dalal Street, and investors awaited the start of the earnings season next week. Asian markets extended losses on the lingering economic growth worries in China and the Bank of Japan's policy uncertainties.
Stocks in Mumbai declined for the second day in a row amid worries of a rebound in inflation after transport workers launched strikes in several states.
Benchmark indexes in Mumbai traded lower amid a broad market decline. The Indian government bond yield edged up, the rupee hovered near a record low, and crude oil prices in international trading rebounded.
The RBI says the domestic banking system is resilient, and banks would meet the minimum capital requirement after completing their stress tests. Stock market indexes turned lower on the final trading day of the year, but indexes logged double-digit annual gains.
Benchmark indexes in Mumbai advanced in a broad rally that lifted stocks in all market caps. Crude oil traded volatile amid elevated tensions in the Middle East.
India Benchmark Indexes extended their gains in the final week of 2023. The current account gap narrowed in the fiscal second quarter after the merchandise goods deficit shrank from a year ago.
Stocks in Mumbai traded volatile in the final week of 2023, and rising coronavirus cases kept investor enthusiasm in check. Crude oil prices were in focus amid elevated tensions in the Red Sea.
Stocks in Mumbai and Asia edged higher tracking gains on Wall Street in overnight trading. Crude oil prices advanced for the third week in a row amid rising tensions in the Red Sea.
Stocks in India lacked direction, and the Indian government bond yield edged lower. The Bank of Japan held its ultra-loose monetary policy intact, and the benchmark indexes in Hong Kong continued to slide lower.
Stocks on Dalal Street edged lower and markers in Asia traded down ahead of monetary policy decisions from the Bank of Japan and the People's Bank of China.
Stocks advanced weekly gains, and large, mid, and small cap indexes jumped. Market indexes are set to close higher for the eighth week in a row on interest rate and economic growth optimism.
