Market likely to tread caution

With the Budget only a week away, the market is likely to trade cautiously this week. Still the undertone of the market remains optimistic o...

With the Budget only a week away, the market is likely to trade cautiously this week. Still the undertone of the market remains optimistic on hopes of a reforms-oriented Budget, strong foreign fund inflows and the impressive performance of the corporate sector.

While the foreign fund inflows are likely to continue, there could be a slowdown if the international rating agency S&P decided to downgrade the sovereign rating.

S&P Ratings Services said last week that it was examining the circumstances surrounding missed interest payments in late December 2004 by Instrumentation Ltd and HMT, two public sector companies under India’s Ministry of Heavy Industries.

The missed payments on the bond issues, reportedly guaranteed by the government, have become the direct obligation of the government. Hence, progress in fulfilling these obligations has implications for India’s credit rating.

India-US deal, India-US trade deal, grand bargain on oil, New Jersey Governor Phil Murphy, Phil Murphy, importing Russian oil, Russian oil, Piyush Goyal, Trump Tariffs, trump tariff impositions, India-US ties, trade war, us trade war, donald trump, reciprocal tariffs, Trump India trade deal, India US tariff cuts, Trump India tariffs announcement, India US trade agreement, Modi Trump trade talks, India US economic relations, India lowers tariffs for US, US India trade negotiations, Trump Modi tariff deal, India US import export policy, Trump on India tariffs, US India business ties, trade war India US, India trade policy changes, India US tariff reduction, Indian express news, current affairs

India-US deal could involve a grand bargain on oil: New Jersey Governor

Business3 hr ago

Governor Phil Murphy of New Jersey, a prominent Democratic leader, opposes President Trump's decision to impose steep tariffs on allies. However, he believes there is room for negotiation in the India-US trade deal and supports measures against Russia. Murphy also expresses concern over the H-1B visa issue and hopes for a quick solution.

View all shorts

Live Blog

PHOTOS