Sensex logs best March in 7 years; Banks’ loan pricing format changes from tomorrow, may shrink profits

ET Markets Daily Brief | Thu, Mar 31, 2016 | 05:43 PM IST Follow ET Markets

What an end! Sensex logs best March in 7 years to end FY16 on a high A 9.2% rally in March, the best monthly performance in 4 years and the best March returns in 7, meant that the ending was better than the beginning for Sensex. Watch the rupee: Its instability can put 50% of top 500 companies at risk The rupee, which has already depreciated about 5% so far in FY2016, may fall further against the US dollar in the FY17, weighing on margins of India Inc. What happened on Dalal Street all through Thursday If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.

Interview One to One The rupee will trade in the broad range of around 65 to 69 type of levels because RBI will try and mop up some amount... Murthy Nagarajan ,Head Fixed Income ,Quantum AMC

Market Watch 31 Mar | 05:43PM| SENSEX NIFTY USD/INR GOLD 25341.86 ↑3.28 7738.40 ↑3.20 28566.00 ↑159.00

Gainers Losers 31 Mar, 2016, 05:43PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Cals Refineries Ltd. 0.06 20.00 1660770 0.06 0.05 Karuturi Global Ltd. 1.99 19.88 1032257 1.99 1.76 Perfect-Octave Media Projects Ltd. 28.75 19.79 187166 28.80 23.85

Tweet of the day... Top 8 factors that are likely to drive markets in April-June quarter

FROM THE NEWSPAPER

Banks' loan pricing format changes from tomorrow, may shrink profits The outstanding commercial paper borrowing as a percentage of short-term bank credit has gone up to 14% in FY16 from 11% in the previous financial year. S&P downgrades China outlook to negative from stable The Chinese government has grown increasingly active in trying to control the conversation over its economic outlook both at home and abroad. India's external debt went up to $480 billion at end-December: Finance Ministry Long-term external debt increased by 2.2 per cent or $ 8.8 billion, while short-term debt registered a decline of 4.6 per cent or $ 3.9 billion. Bye-bye FY16! 10 wealth-creating ideas from leading experts for FY17 FY17 looks promising, as investors pin hope on double-digit earnings growth, economic recovery, more liquidity in global markets and lower interest rates. Gold demand seen falling to 7-year low in March quarter Sluggish demand could weigh on global prices, which are headed towards their biggest quarterly gain in nearly 30 years.

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