Indian stocks markets witnessed selling pressure this week but the bullish sentiment returned during the end of the week as Moody's upgraded ratings for India. Market experts are still not convinced about strength in markets to reach new highs next week. Majority of analysts indicate high chances of correction in the market. As results season is about to end, Indian markets will mainly depend on global cues for direction over next few weeks.

Indian markets scaled new highs this week as the global sentiment was bullish. As the U.S. Government announced new tax rates, investors in the United States are upbeat about economy and future results from companies (mainly due to tax cuts). BSE Sensex and NSE Nifty touched all-time high during the week. Trading in majority of stocks remained positive and many companies touched their 52-week high during the trading sessions.

Strict orders from the Supreme Court and proper implementation across the country led to reduction in emissions from firecrackers during Diwali 2017. A survey conducted by SAFAR, a central government air quality monitoring agency, has found nearly 50 percent reduction in emissions on October 19, 20 and 21. The Supreme Court announced strict ban on sales of firecrackers.

Also, there was a ban on lighting firecrackers during festivals in terms of timing. Earlier, people continued celebrating and lighting crackers till late night. The study conducted by SAFAR team added that the air quality level returned to pre-Diwali level within three days.

NSE Nifty touched an all-time high of 10,191 on Friday and closed at all-time high of 10,167. Stock markets have offered nearly 20 percent return this year with some stocks offering even more than 100 percent return in the last two quarters. Investors have turned cautious in many blue chips and we have witnessed strong selling pressure at higher levels.

Market analysts believe that Nifty can scale new highs if it strongly closes above 10,200 level. Banks have not participated in the recent pullback in the stock markets. Few banks have declared quarterly results, which have remained below market expectations. And, market analysts are not having high expectations from public sector banks considering higher provisions for bad loans.

Uber’s Middle East division has announced that the ride-hailing service will launch Tesla vehicles in Dubai on October 10. The project has been started by Uber in cooperation with the Roads and Transport Authority (RTA) in Dubai. Dubai is a fast growing market and with high number of tourists, there is high demand for Uber services in Dubai.

Uber users will be able to book Tesla Uber cars in Dubai starting October 10. Pierre Dimitri Gore-Coty, head of Uber's operations in Europe, the Middle East and Africa said, “Customers will then be able to choose between the Model S or Model X, with a fee that is expected to start at a base fare Dh10 and charge Dh1.9 per kilometer.”

Comments on RBI Policy decision by Mr. Mustafa Nadeem, CEO, Epic Research. Today’s RBI Policy was, as widely expected by the market, neutral. Market has been expecting the same since the volatility was easily absorbed and markets remained at day’s high post policy announcement. The neutral stance is very much consistent with the core objective of RBI that is to keep medium term inflation in check at 4%.

Policy has of course revised its Inflation projection at 4.2-4.6% in second half of FY17-18. Inflation has changed its trajectory to upwards and seems to have tapered off the base effect in August.

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Indian stock market touched all-time high level of 30,793 for BSE Sensex benchmark index on Thursday. The rally in the last hour of the trading session led stocks to their highest level till date. Indian markets have been touching multi-year highs over the last few months. Today’s rally was supported by banks and blue-chip stocks.

Market analysts and traders are still optimistic about strong rally in coming months. If global factors remain positive, Indian stocks could easily push 31,000 level in June.

Among major gainers in today’s trade were Maruti Suzuki, L&T, HDFC Bank, TVS Motor, Voltas and KEC International.

Macroeconomic data i.e. IIP and inflation data signaled the economic revival, which led the benchmark indices to trade positively on the Monday. Further, indices made fresh highs following the IMD forecast report on arrival of early monsoon. Apart from that, FIIs who have turned net seller in the market, again seems to be buoyant in the Indian market, which has also provided positivity to the surging indices. Also, GST Panel meeting in Srinagar remained the lime light as council was meeting to finalize the rates of goods, services. Apart from above, better than expected corporate results for the Q4 too provided support to the surging indices.

Investors turned cautious after President Donald Trump started controversy in the United States following surprise change of FBI chief. President Trump is facing a major crisis and investors in the U.S. market turned cautious. As the U.S. markets declined, markets worldwide reacted and declined as well. Most of the stock markets have been trading at their yearly or multi-year highs and even small events of uncertainty lead to fear among market players.

In the Indian stock market, partial sell-off was witnessed on Thursday. However, other emerging markets like Brazil and Turkey faced major declines. Indian stocks closed almost flat on Friday but investors have turned cautious after recent U.S. events.

New Delhi [India], Apr 29 : Introspecting the non-compliance of tax havens with currency and fiscal reforms, Union Finance Minister Arun Jaitley on Saturday asserted that it is important for the Indian economy to move from a non-compliant to a highly-compliant state.

Delivering the inaugural address at the Enforcement Day celebrations of the Enforcement Directorate (ED) here, the Finance Minister, while highlighting the importance of tax compliance urged the ED to exercise their power of penalising those who violate the law.

"The ED should extensively use its power to bring offenders to the forefront. Fear of the law will ensure automatic compliance with the norms," he said.

Washington D.C. [USA], April 29 : Two NASA satellites have provided forecasters in Australia with visible and rainfall data as tropical cyclone 'Frances' strengthened in the western Timor Sea.

NASA's Aqua satellite has captured a visible image of the storm that showed a cloud-filled eye, while the Global Precipitation Measurement Mission or GPM core satellite found heaving rainfall occurring.

Frances formed north of Melville Island, Australia on April 27, 2017.

Frances has been gradually intensifying while moving south-southwestward through the Timor Sea.

Frances had maximum sustained winds estimated at 50 knots (57.5 mph) when the GPM core Observatory flew over on April 27, 2017 at 1936 UTC.

New Delhi [India], Apr 29 : Direct Create, a collaboration-based community platform built to rapidly scale the handmade sector on Friday announced its plans to bring in an additional 1000 makers along with a count of over 200 designers in the coming quarter.

Direct Create is not just selling products but also celebrating the Indian artisans and the deep-rooted craft traditions. From exquisitely crafted textiles and apparel to wooden furniture or hand printed toys, Direct Create is connecting with the makers and designers to build India's first online community of creators who can seamlessly work online and offline.

New Delhi [India], Apr 29 : E-commerce platform Amazon on Friday announced its partnership with Rocking Deals for the sale of refurbished phones within its 'seller warranty.'

Rocking Deals came on board for selling its used products on ' Amazon Used ' a few months back. The company soon managed to become one of the most trusted sellers on board. To this regard, Amazon decided to make Rocking Deals the exclusive seller of refurbished phones on the portal with its seller warranty.

There is a lot of responsibility for a brand like Amazon to maintain the trust of their customers on refurbished products like on the brand new ones. The choice of the third company selling used product, therefore, had to be done very wisely.

New Delhi [India], Apr 29 : Mobile and desktop advertising network AppsDiscover Technologies Pvt. Ltd on Friday announced the appointment of Muhammad Jumhari as the Country Head-Indonesia.

After establishing a strong base in India and Singapore, AppsDiscover now offers its services in the Indonesian market and is looking to expand its business in South-East Asia to work with local advertisers in Indonesia.

The company, since its inception in 2013, has come a long way in providing state-of-the-art solutions by offering the most preferred online affiliate programs and affiliate marketing products.

New Delhi [India], Apr 28 : Union Finance Minister Arun Jaitley has asserted that in order to ensure consumers avail all benefits of the Goods and Services Tax (GST), it is important to take crucial decisions to make India an 'increasingly tax compliant society'.

Speaking at the annual session of the Confederation of Indian Industry ( CII) here on Friday, Jaitley while highlighting the importance of the GST, stated that the Constitution amendment Bill for the same was passed unanimously in Parliament.

"In the 14 meetings of the GST Council held till date, we have not gone for vote once. All decisions were taken unanimously," he said.

New Delhi [India], Apr 28 : According to a report published by the Deutsche Bank, the government has two more years to're-energise' the economy, re-start the investment cycle and accelerate job growth.

May 25, 2017 marks the completion of three years of governance under Prime Minister Narendra Modi, but despite several new policies, investment growth in the country continues to be stagnant, leaving a similar impact on economic growth and job creation in the country.

"With urban employment growth stalling over the past few quarters due to slowing investments in e-commerce/internet startups and Indian IT services demand, job creation is likely to take on critical status on the government's economic agenda as the government enters the last two years of its term," says the report.

New Delhi [India], Apr 28 : Digital payment platform FreeCharge on Thursday announced the launch of coupons on its e-wallet to enhance user engagement and reactivation.

Through this initiative users can now benefit from every recharge and bill payment they make on FreeCharge and can select coupons worth the same amount that effectively leads to equivalent savings.

The company tied up with prominent brands across all categories including food, shopping, travel, ticketing and entertainment to provide the users with array of options.

New Delhi [India], Apr 27 : Multiplex chain PVR Ltd. on Wednesday signed an agreement with IMAX Corporation to add five more IMAX theatres in the Indian market. Through this rollout, PVR cinemas will reach a count of 10 IMAX screens and retain its position as the largest IMAX partner in India.

The new IMAX theatres, which are planned to be located in Delhi and other major metropolitan markets and will comprise a combination of new and existing PVR cinemas, are slated to begin opening this year, with all theatres expected to launch by the end of 2019.