Benchmark equity indices Sensex and Nifty on Tuesday spurted by over 2.5 per cent to log their best single-day gains in three months, propelled by heavy buying in metal, energy and banking stocks amid a global rally in stocks. The 30-share BSE benchmark zoomed 1,344.63 points or 2.54 per cent to settle at 54,318.47 points with all of its constituents closing with gains. During the day, it jumped 1,425.58 points or 2.69 per cent to 54,399.42. The broader NSE Nifty rallied 417 points or 2.63 per cent to finish at 16,259.30 points.
Retail investment demand for gold bars and coins as well as central bank purchases pushed the global gold demand by 28 per cent to 1,181.5 tonnes in the September quarter, according to the World Gold Council report. The total global demand stood at 921.9 tonnes during the July-September quarter of 2021, the World Gold Council's 'Gold Demand Trends Q3 2022' showed on Tuesday. Investment was down 47 per cent year-on-year as gold backed Exchange Traded Fund (ETF) investors responded to a challenging combination of higher interest rates and a strong US dollar with significant outflows of 227 tonnes.
At the end of the day, Stalin expressing solidarity with an arrested colleague is one thing, especially if he too felt that the minister had been wronged, but for him to retain the person in office sets a bad precedent, which would not go unnoticed by voters, points out N Sathiya Moorthy.
According to the study, the corporate space would witness a gradual but sure advent of aggressive hiring in the first quarter of FY 2010-11.
Along with a robust set of numbers, the management too sounded confident of its growth prospects
Dear Mr Spielberg, can we now put to rest this overstretched, bloated dinosaur franchise? asks Aseem Chhabra.
Stock market minnows put up a stellar show in 2021 giving returns of up to 60 per cent amid Dalal Street dream run and are likely to continue sailing northwards in the New Year too. Trumping pandemic-induced uncertainties, the Indian equity market posted stunning gains this year achieving several feats and smaller stocks benefited the most from the strong momentum. From reaching the momentous 50,000-mark in January to scaling 61,000-level in October, the BSE Sensex had an epic journey this year.
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
The jewel-encrusted Topkapi dagger and the enormous Spoonmaker's Diamond set amongst two more rows of diamonds were truly gape-worthy!, Letika Saran tells us after a fascinating encounter with Istanbul.
'I didn't expect much from him when he came on set.' 'But he was just jumping and flying around and I couldn't tell that this was his first action film!'
Reliance Industries was the top gainer in the Sensex pack, rallying nearly 4 per cent, followed by Infosys, Tech Mahindra, HCL Tech, TCS and L&T.
Small stocks of Dalal Street grappled with turbulent times in 2022 as high volatility and higher interest rate regime sapped investors' appetite for these scrips but the horizon ahead seems less cloudy for the New Year. While the 30-share Sensex scaled multiple record peaks with bluechips glittering, small stocks underperformed and the BSE smallcap index declined more than 3 per cent this year. In comparison, the BSE Sensex climbed 2,673.61 points or 4.58 per cent till December 27.
Social media allowed them to connect even more directly with potential clients, and gave them multiple new marketing and outreach channels, explains Devangshu Datta.
Wearing black clothes, Congress leaders hit the streets on Friday to protest against price rise and unemployment with a host of them, including Rahul Gandhi and Priyanka Gandhi Vadra, being detained by police amid dramatic standoffs outside Parliament and the All India Congress Committee headquarters in New Delhi.
Despite possessing a global footprint and heaps of the youthful energy the International Olympic Committee (IOC) is desperate to tap into, skateboarding is late to the Olympic party following the arrival of snowboarding, skicross, BMX, beach volleyball and others.
Amit Shah believes Bandi Sanjay Kumar is 'single-handedly' capable of unseating the TRS government in the December 2023 assembly election and there is no need for the BJP's central leaders to jump into the Telangana scene.
Rise in crude oil price and rally in global equities aided the sentiment
The winning photos of the Animal Friends Comedy Pet Photo Awards 2022.
What does a fighter pilot feel as he takes off and lands his battle-ready aircraft? Air Commodore Nitin Sathe (retd) takes you through those emotions.
Canadian Prime Minister Justin Trudeau expressed grief over the incident and condemned the "hateful and heinous" act.
Here are other key moments and athletes to look out for at Tokyo 2020 when the sport gets underway in earnest on Saturday
'For the next two years, we expect the bulk of earnings growth contribution from sectors like financials and energy, where the outlook remains positive, while the sectors which are linked to domestic consumption and are currently witnessing strains on margins have low salience for Nifty earnings.'
Yahoo Inc plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
'Through this one step, and more steps that follow, log judte jayenge (more people will come together); I'm sure of that.'
ICICI Bank was the top gainer in the Sensex pack, soaring over 6 per cent, followed by SBI, HDFC, PowerGrid, Sun Pharma, IndusInd Bank, Titan, Bajaj Auto and HDFC Bank. On the other hand, NTPC, Reliance Industries, Nestle India, HCL Tech and Infosys were among the laggards.
'The entire idea behind the serial bomb blasts was to strike fear in the minds of Indians.' 'I don't think the blasts were targeted to derail the Indian economy; the idea behind the blasts was retribution.'
Rising commodity costs, coupled with other marketing-related expenses, could weigh on profitability in the coming quarters.
The AIADMK is convinced that the BJP will remain an electoral burden for a long time to come, beginning the Lok Sabha polls next year, reveals N Sathiya Moorthy.
In line with rally in stocks, the Indian rupee on Monday appreciated for the second straight session and closed with a eight paise gain at a one-week high of 61.36 against the Greenback.
Melting roads, deserted streets, exhausted pedestrians, and thirsty animals is what the scorching summer has left Indians with. Severe heat wave conditions currently prevail over many parts of the nation with temperatures in central and western India soar beyond 45C. Take a look!
The Interceptor 650 and Continental GT 650 have been game changers in the upper part of the mid-size segment, with compelling style and highway capability.
Gates, 66, on Tuesday, said that "I know it's frustrating to go into another holiday season with COVID looming over us. But it won't be like this forever. Someday the pandemic will end, and the better we look after each other, the sooner that time will come."
HDFC was the leading gainer among Sensex stocks on Thursday, rising by 1.65 per cent, followed by Sun Pharma, ICICI Bank, Asian Paints, Titan and Infosys. TCS was the biggest loser, shedding 1.33 per cent. Ultratech Cement, Bharti Airtel, Kotak Bank and Tech Mahindra were among the other major laggards.
In the quarter gone by (Q3 of FY22), private lender HDFC Bank issued around 950,000 credit cards, its highest ever credit card issuance in any single quarter. Since the Reserve Bank of India (RBI) revoked the embargo on it in August 2021 to issue new credit cards, the lender has issued 1.37 million credit cards. This is according to a senior bank executive, who was present in an analysts' call after the lender's Q3 earnings. In Q3, we achieved the highest ever issuance, with 950,000 card issuances.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
Australian TV channels showed the man, in his 20s or 30s, running through the King Street with a large kitchen knife yelling "Allahu Akbar" .
If Tamil Nadu BJP President K Annamalai bought it in 2015, did he get prior approval from the Union home ministry, and did he include it in his annual wealth returns, sections of the media want to know. N Sathiya Moorthy on the curious case of the 'Rafale' watch.
Among major Sensex movers, Ultratech Cement rose over 4 per cent, Bajaj Finance by 2.63 per cent and Maruti by 2 per cent. BSE Sensex closed up by 133.14 points at a record high of 47,746.22. NSE Nifty rose by 49.35 points at its lifetime high of 13,981.95.
Among the key concerns of the Street is market share losses in growth segments, led by higher competitive pressures.
