Indian shares hit record highs as investors focus on earnings and interest rate decision

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 "

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »

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 Henrymayson4 I'm sharing this because I have been blessed with your guadiance and techniques in the mining of BITCOIN, You helped me achieved my dreams when I thought it was all over for me until you proved me wrong. God bless you sir Henrymayson4 The blood of Jesus did not save forgives you if you fast 1x week Christ sees the Holy Spirit in you and uses you to anoint with oil and break the bread of the 3rd year with the orphans and widows and raptures you This work is starting in Brazil Nubank pix30576180300 or Prayer horrible
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »

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. Soft! Full send bullish good
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »