Dalal Street


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Dalal Street

An informal term for the Bombay Stock Exchange or for the investing community in India. See also: Wall Street.
References in periodicals archive ?
The Indian 10-year debt is in its most protracted bear market in a decade and more aggressive rate hikes by the Powell Fed will unquestionably trigger an exodus of offshore capital from Dalal Street.
KARACHI -- The stock market fell in the shortened (four sessions) outgoing week, in line with the global equity rout that rattled markets from Wall Street to Dalal Street.
SIP route has, in fact, significantly contributed to the record run Dalal Street has witnessed so far even as valuations look expensive.
When this hegemony is challenged then the question of merit is raised, as if all those in the Dalal Street in Mumbai are the most meritorious people.
Equity-wise, we can say that Diwali has come to Dalal Street, as there are more funds in the capital market.
The US Federal Reserve's plans to cut its over $4-trillion books also left investors jittery, especially about emerging markets that affected sentiment on Dalal Street.
The Beatles, Elvis, James Brown, The Rolling Stones - many a days and nights were spent with the four of us ( my elder sister too) singing and playing the guitar and harmonising to all those amazing singers and bands," says Shankar, who, along with her solo career as a musician, also hosts karaoke nights at Cafe Dalal Street in Connaught Place.
3 per cent GDP growth rate, Modi's decisive reform mandate, $50 billion oil import windfall and limited exposure to global manufactured goods trade has also made Dalal Street a consensus overweight for international investors.
Mumbai: Diwali seems to have come early to Dalal Street as benchmark Sensex on Monday zoomed 321 points, its best single-day gain in over a week, on back of much-awaited fuel reforms and hopes of Modi government going ahead with further economic initiatives after BJP's wins in state polls.
The theory that markets react well to a stable government, is validated by the fact that during the general election of 2009, when UPA won for the second time, the markets rose 27% within a month and a total of 40% nine months later (See: How Dalal Street Voted).
A $ 25 fall in Brent crude and a $250 fall in gold is nirvana for India's current account deficit at a time when the March wholesale price inflation has fallen to 6% and Finance minister Chidambaram could well slash taxes on G-Secs to encourage offshore money into Dalal Street debt markets.