All eyes on UP election: May good economics win! How multiplexes got Dangal-ed by cash ban; Why silver looks better than gold

ET Markets Daily Brief | Wed, Jan 04, 2017 | 05:12 PM IST Follow ET Markets

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Poll panel has just announced acid test for Modi-nomics! May good economics win! The distress that demonetisation caused to the citizenry and the pain it spread across different sectors have left a bitter taste, which may not go away too soon. All eyes on UP election! A BJP win could lead to breakout in Sensex, Nifty50 UP will show whether good economic policies mean good politics in India, or political parties still need to go back to populist policies to win elections. Dear Zindagi! Multiplexes just Dangal-ed with cash ban, stare at slower Q3 topline growth Cash ban hit key discretionary sectors of the economy. Multiplexes average 40% of their total transactions in cash, which had slipped to 20% in early December.

Interview One to One In the index as a whole, the downside maybe limited to a maximum 5% to 7%, until and unless a global uncertainty even... Pankaj Tibrewal, SVP & Fund Manager-Equities, Kotak Mutual Fund

Advertorial Watch Webcast: How ICF brings the global Copper fraternity together ICF is the biggest platform that brings together the Copper fraternity from India and Internationally to congregate and deliberate on opportunities and challenges lying ahead.

Market Watch 4 Jan | 05:12PM| SENSEX NIFTY USD/INR GOLD 26633.13 ↓-10.11 8190.50 ↓-1.75 68.05 ↓-0.28 27760.00 ↓-18.00

Gainers Losers 4 Jan, 2017, 05:12PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Celebrity Fashions Ltd. 10.68 20.00 180178 10.68 9.20 Khaitan Electricals Ltd. 36.95 19.97 22887 36.95 30.70 STI India Ltd. 14.56 19.93 47628 14.56 12.05

Tweet of the day... Dollar edges back towards 14-year peak as US debt yields rise

FROM THE NEWSPAPER

BLOG: Look what happened on D-Street all through Wednesday On its technical charts, the Nifty50 formed a 'Long-Legged Doji' pattern on Tuesday, signalling uncertainty. The rupee hit a one-month low of 68.33 amid heavy dollar demand and the greenback is still rising. That's a tricky setup for Dalal Street today. Watch this space as we bring you live all the action in this live blog from Dalal Street. Market veterans raise a red flag on key sectors, say they may burn fingers in 2017 At the very start of the New Year, market veterans have been red-flagging sectors citing the new dynamics of domestic as well as global economies. Silver looks a better bet than gold for 2017, likely to test Rs 50,000 a kg level Although the precious metals are entering the New Year in a depressing mode, wild swings might be seen in the coming months due to divergent macro-economic reasons. Rupee may weaken further, but Indian stocks should adjust on the upside in 2017: Marc Faber "We expect India to grow at the rate of 4 per cent-7 per cent in the next 10 years. The rupee will continue to weaken and stocks will adjust on the upside," he said. These eight charts explain what's happening in markets right now In short, from inflation to manufacturing to bond yields to global trade, 2017 may herald a number of sea-changes for financial markets.

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