Helped by prospects of more stimulus in Europe and Japan and a recovery in oil prices following a severe storm in the US, the benchmark Sensex rose for the second straight day and closed over 50 points up at 24,485.95.
Describing the Reserve Bank of India`s 50 basis points cut in its short term lending rate as more than what markets expected, international credit ratings agency Moody`s on Tuesday said the move indicates the RBI wanted to give an "aggressive stimulus" to subdued growth trends.
Risks to Europe`s inflation and growth outlook have increased due to the emerging market slowdown but the European Central Bank needs more time before deciding on further stimulus, ECB President Mario Draghi said on Wednesday.
Bank of Japan Deputy Governor Hiroshi Nakaso has tempered market expectations that the bank will expand its stimulus programme later this month, saying a cut in its inflation forecast would not be enough to justify more monetary easing.
China`s services sector grew at the slowest pace in six months in January as growth in new business weakened, a private survey showed, raising expectations that policymakers may unveil more stimulus steps to avert a sharper slowdown in the world`s second-largest economy.
A new research has shed light on how brain can differentiate between the errors of different magnitudes, like while, fine-tuning a tennis serve; the brain has to distinguish whether it needs to make a slight rectification if the ball barely misses the target or a much bigger correction if it is way off.
First-quarter growth in the eurozone was a major disappointment, falling well short of forecasts and stoking fresh concerns a modest recovery is struggling to make ground, official data showed on Thursday.
Adi Godrej, chairman Godrej Group, in an interview said that he didn’t want the Indian government to withdraw stimulus announced in view of the last year’s global recession till a global recovery was clearly in sight.
Economists Friday asked Finance Minister Pranab Mukherjee to continue with the fiscal stimulus until firm economic recovery amid intense speculations about a possible withdrawal of measures taken to spur the economy.