Retail inflation eased to 5.05% in August and industrial output fell 2.5% in July , making a strong case for RBI Governor Urjit Patel to cut rates on October 4.
The ratings agency said positive impact of the favourable monsoon is starting to reflect in lower food prices and the trend is likely to continue.
VIX spiked 15% - the highest single-day gain since February 11, as traders bought puts as insurance against further downside.
The platform offers customers other products and services, such as home and car loans apart from guides and educational content for investors.
Valuations are not cheap any more, but earnings have continued to come through and we expect 15% growth in earnings, says Mariscal.
Since Jan, foreign investors have poured $6.4 b into Indian stocks, third highest after Taiwan & S Korea; experts worried over rich valuations.
Tata Consultancy Services (TCS) sparked a rout in information technology stocks after saying growth was slowing and clients, especially those in banking and financial services, were becoming cautious about spending.
If indeed the US central bank goes ahead and raise rates before the end of this year just to show it has done something in 2016.
The bank added that India will not stay immune in the event of any global risk contraction but it will outperform other emerging market peers.
Analysts said the preliminary order data has risen on a month-onmonth basis but still down 29% compared to the same month last year and the lowest for b August since 2010.
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