Financial markets received a boost earlier in the week by news that centrist Emmanuel Macron had triumphed over far-right candidate Marine Le Pen in the first round of France's presidential election. Market participants saw the above development as market-friendly as many anticipate Macron's presidency to reduce the risk of Brexit-like shock. French Markets ended 4. UK markets ended higher by 1. Britain's attempt to exit from the European Union Brexitjust took a new twist.

Stocks soar on French election, Trump tax cut hopes - Apr. 24,

This week, she called for a snap general election on June 8. This could stymie a real Brexit. Back home, Indian stock markets closed higher by 1. The markets saw a record closing high during the week but profit booking later in the week trimmed weekly gains. Auto stocks were in major focus during the week ahead of their April sales data due next week. Auto sector gained 3. Meanwhile, US President Donald Trump is proposing corporate tax rate cuts and steep tax breaks for multinational businesses on overseas profits brought into the United States.

The promise of a massive tax rate cut has been at the center of the post-election rally, driving US markets to record highs. Also, Earnings were back in the spotlight on back of Trump's announcement. US Markets ended 4. Now let us discuss some key economic and industry developments during the week gone by. In news from the Indian economy. After projecting India's growth to rebound to 7.

The French Election and the US Market- Stock Market analysis for the week of April 24th, 2017

However, the global multilateral agency expressed the need of quick replacement of the defunct currency in order to restore missing transactions and support the peoples' spending capacity, as cash is an important element in the Indian economy.

It further stated that in general it supports the Indian government's efforts to combat the illicit financial flows, and to produce the share of the informal economy. IMF in their forecast, reflecting the temporary dislocation associated with the notebandi scheme had lowered the growth target by almost a full percentage point compared to October, owing about a half a per cent for growth this year and half a percent for growth next year.

Download your Free copy now. In this report, we reveal four proven strategies to picking multibagger stocks. Well over a million copies of this report have already been claimed over the years. Go ahead, grab your copy today. Moving on to news from the Pharma sector.

Despite the capping of prices, notebandi and GST implementation, all of which are perceived to impact the pharma sector adversely, the industry will continue to grow. Moving on to the defence sector. The defence sector in India is a sunrise sector. India was among the top ten spenders on military expenditure inahead of countries such as France, Japan and Germany.

However, a significant share of the country's defence requirement is still imported. To encourage domestic production of defence equipment, as part of the initiative to boost manufacturingthe government has implemented a number of measures.

Moving to the Banking sector. Reiterating that the problem of bad loans in the banking system is not "insurmountable" for India, Finance Minister Arun Jaitley has said that a large economy like India can deal with this problem, as it is not a problem spread over hundreds or thousands of accounts but is confined to only 20 to 30 big accounts.

However, he stated that the problem of Non-performing assets NPAs has just persisted too long and is certainly adversely impacting the banking system. Jaitley stressed that at present, the resolution of NPAs is a top priority for the government as it will encourage private investments and to resolve the problem, some precipitative action must be taken and this may involve some cuts by the banks, which would be a bona fide commercial consideration.

He also added that the defaulting companies must find partners and go in for either change of management or search of investors. The Finance Minister blamed the anti-corruption laws of pre-liberalisation era as one of the constraints because of which banks are not able to take bold decisions.

Bank stocks finished the day on a strong note with Bank of India share price and Axis Bank share price leading the gains. In news from stocks in the IT sector. IT industry body Nasscom hit back against the US administration's allegations of cheating by TCS and Infosys in gaming the lottery system for H-1B visas. The industry body said that the two companies together received only 8.

Nasscom said the White House statement that Indian companies had secured the lion's share of H-1B visas was factually incorrect as only six of the top 20 H-1B recipients were Indian companies in The US administration has been pushing for a change in rules for H-1B visas on the grounds that it was being misused by IT firms to bring cheap workers to replace American jobs.

Exemplifying the high skill levels of Indian nationals rather than adoption of unfair means by Indian IT majors. Meanwhile, the US has said that it greatly values investments by Indian companies and wants to see bilateral business ties remain strong, days after Finance Minister Arun Jaitley raised the issue of tightening of the H-1B visa regime.

During his US visit, Jaitley had raised the H-1B visa issue with Treasury Secretary Mnuchin and highlighted the contribution Are binary option any good explained companies and professionals were making to the US economy.

An overall protectionism trend is expected to hit the Indian IT firms' bottom line. Indian IT companies such as InfosysWiproand TCS may have to bear a hit on their revenues for the short term. French election effect on stock market india, we believe that it is unlikely that the companies will substantially bring down their focus woolworths southside gympie trading hours the US.

Instead companies may look out for other means to reduce costs or protect margins.

That said, Indian IT companies will also need to rise to Trump's challenges. But fortunately, most were already gearing up how much did titanic make opening weekend this. Trump may have only accelerated their defense.

The mutual fund industry managed assets worth Rs The deal is estimated to be Rs 4. This is the second major deal for artillery guns concluded by the Army recently. Last year India signed a deal for Ultra-Light Howitzers with the US under the Foreign Military Sales program.

The coal bed methane CBM blocks in Jharkhand will begin production bywhile the Daman offshore fields, which have been pressed into production this month, will be ramped up next year. In another development, GAIL 's subsidiary GAIL Gas has signed a Business Transfer Agreement BTA with Rajasthan State Gas. This could be a significant step towards setting up of retail gas infrastructure in Rajasthan and opening CNG corridors connecting key cities.

RSGL is also carrying out necessary activities to provide clean energy solution for the proposed smart cities Kota, Ajmer, Udaipur and Jaipur. In news from stocks in the banking sector. HDFC Bank reported higher-than-expected profit of Rs.

Markets bet on a Macron win in France - May. 4,

HDFC Bank is trying to improve productivity by cutting costs and optimizing its processes through automation. These benefits will come to the bank in french election effect on stock market india next two quarters but after that the base effect will kick in.

Meaning that the benefits will remain only for the short term. Ultimately the bank will have to invest to grow for which it will have to incur costs.

In news from telecom sector. Bharti Airtel is set to enter home automation and smart home segment soon. The new segment will be driven by Internet of Things IoT and machine-to-machine solutions which enables users to control house-hold utility such as heating, air conditioning, music, lighting and security systems through smartphones. Reportedly, the home automation market in India is expected to reach Rs 88 billion by The key growth drivers for this demand are increasing consumer awareness and financial ability, product innovations like smart phone appsbuilders' requirement for market differentiation and an increase in the preference for energy efficient systems.

Also, electronics major LG is looking for partners among telecom operators in India to bring up its smart appliances connected with IoT technology. Moving on to news from stocks in engineering sector. According to how to set select option using jquery leading financial daily, BHEL has bagged its binary options profit chart strategies ever export order worth Rs billion, for setting up 1, MW 2x MW Maitree super thermal power project in Bangladesh.

The project has taken-off, following the issuance of the Notice binary options scam mathematics Proceed by the developer. Significantly, won against stiff international competitive bidding, this is the company's largest power project order in the international market. The order has been secured from Bangladesh India Friendship Power Company BIFPCLa India and BPDB, Bangladesh.

BHEL has arranged debt financing for the project from the EXIM Bank of India for which the loan agreement between EXIM Bank of India and BIFPCL has been signed in March, Yesterday, the Indian stock market ended the April futures and option series.

Let us see how the markets performed during the expiry. The Nifty 50 Index traded on a positive note during the expiry. It rallied 90 points during the first few sessions of the expiry.

The index then corrected points to hit a low of 9, in the third week. But during the last week of the expiry, it rallied strongly to hit a new life high of 9, Finally, the Nifty ended the April series with 1. The highest calls stood at 9, strike resistance and highest put stood at 9, strike support.

The rollover data for the expiry were a bit discouraging. Find the full rollover note released by the DPH 2016 global forex trading jobs grand rapids here. As you can see in the chart below, 9, level acted as a strong support for the previous two expiries and it is expected to act as a strong support going forward as well.

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What will happen in the markets after the French election? - Business Insider

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