Beware! Indian market will pay for West's greed; Modi's honeymoon with crude oil set to get over

ET Markets Daily Brief | Thu, Jun 02, 2016 | 05:34 PM IST Follow ET Markets

Hard times ahead! Modi's honeymoon with crude oil set to get over The Modi govt's strategy has been simple: hike excise duty on crude oil to rake in a windfall in times of resource crunch to create capital asset. Midcaps had their day in the sun, largecaps can make money faster The recent results of many largecap firms such as L&T, SBI and Tata Motors are compelling experts to believe the worst is over for the bellwether companies. Here's what happened on Dalal Street all through Thursday If you are reading this, chances are the Sensex and the Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.

Interview One to One Rogers says what happens is that markets go down a good deal, and then the central banks panic and print money. Roger... Jim Rogers , Commodity expert

Advertorial How and when to de-risk one's investment portfolio As one nears long-term goals, it is important to preserve the accumulated wealth through the process of de-risking. Read on to find out how and when de-risking helps in the financial planning process.

Market Watch 2 Jun | 05:34PM| SENSEX NIFTY USD/INR GOLD 26843.14 ↑129.21 8218.95 ↑39.00 67.29 ↓-0.17 28676.00 ↑30.00

Gainers Losers 2 Jun, 2016, 05:34PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Wheels India Ltd. 1146.00 20.00 39092 1146.00 976.75 Cords Cable Industries Ltd. 54.00 20.00 104000 54.00 47.45 Shiva Texyarn Ltd. 112.85 19.99 46511 112.85 94.00

Tweet of the day... Nifty scorecard: RIL tops profit chart, Tata Motors takes sales honours in Q4

FROM THE NEWSPAPER

Had you noticed the surge in CV sales, you could easily foresee the Nifty rally One of leading indicators of revival in the domestic economy has been the surge in the sale of CVs. CV sales surged by 14% during the March quarter of FY'16. The story of four rupees: The one in which India loses out against dollar and how! The recent surge in the greenback has sent the subcontinental rupees into a tailspin, making them among the eight worst performing Asian currencies. Relax! Crude oil prices unlikely to go through the $60 roof anytime soon A combination of both short- term and long-term factors, combined with a general seasonal uptick in demand has caused this surge in crude oil prices. Gold stuck in crosswinds of growth worries, Brexit, Fed hike; but trust it to shine Hawkish Federal Reserve rhetoric and strength in the US dollar and stock markets are putting pressure on dollar prices of the yellow metal. India a bright spot on global map, growth rate expected to be near 7.5%: OECD This "solid" growth led by strong investment is expected to continue, helped by reforms to bolster infra spending and robust demand growth, it said.

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