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Indian shares fell for a fifth straight session on Thursday, pressured by weakness in global peers, while some investors trimmed positions ahead of federal election results. The NSE...
Indian shares erased most of their early gains on Friday after hitting record highs for the second straight session as IT stocks fell on worries that it would be a while before the US Federal Reserve...
India's benchmark share indexes rose on Wednesday, led by gains in metal stocks on expectations of strong global demand, while IT stocks were subdued ahead of US inflation data. The NSE...
The yawning divide between the super-rich and middle-class in India's booming economy is set to persist, if the "underperformance" of consumer stocks in the raging stock market is anything to go by. Stock prices of consumer firms selling soap, hair oil and refrigerators are seeing double-digit gains but are still lagging benchmark Indian stock indexes as low income growth and volatile inflation hurt demand for everyday goods. Asia's third-largest economy is set for a 7.6% expansion in the financial year ending this month, but private consumption, which contributes 60% of ...
By Bharath Rajeswaran MUMBAI (Reuters) - The yawning divide between the super-rich and middle-class in India's booming economy is set to persist, if the "underperformance" of consumer stocks in the raging stock market is anything to go by. Stock pr...