Stock markets are expected to remain under pressure this week due to the overhang of US presidential polls and uncertainty over global growth due to resurging cases of coronavirus, according to analysts.
Hours before her husband Joe Biden is to take oath as vice president, Jill Biden said her husband was given the choice of being either secretary of state or vice president. During an appearance with Joe Biden on the Oprah Winfrey Show on Monday, Jill's remarks that her husband was given a choice startled him and he tried to hush her up.
The moderator, at times, had a tough time in controlling Kaine and Pence.
Key United Progressive Alliance ally Nationalist Congress Party on Tuesday apparently took a dig at Rahul Gandhi's elevation in the Congress, saying the party had appointed a vice president whenever it faced serious problems.
Sentiment in the market will also be guided by other major market movers like trend in the rupee, Brent crude and foreign capital flows.
Will she or won't she, is the question that has set social media abuzz. For those wondering, the question is whether or not US Vice President-elect Kamala Harris will wear a sari on Inauguration Day to invoke her Indian heritage.
The industry is expecting double-digit growth on a year-on-year basis, helped by a possible price correction after softening of raw material inputs and factors such as positive sentiments, pent up demand and improving economic conditions. Besides, a shift in consumer behaviour from price consciousness towards technologically advanced premium products with quality, value proposition and safety aspects leading to a rise in demand for home automation products is making the industry upbeat. With the government's production linked incentive (PLI) scheme for white goods, which has witnessed a committed investment of Rs 4,614 crore, in place, many manufacturers are gearing up to make the most out of the opportunity as well as take steps towards reducing their dependency on imports and make products more affordable.
United States President George W Bush has hailed the selection of Alaska's little-known female governor Sarah Palin as the running mate of Republican presidential nominee John McCain, calling her a 'proven reformer who is a wise steward' of taxpayers' dollars."I applaud Senator McCain for selecting Governor Palin. This decision is yet another example of why the American people can trust him to make wise decisions and to confidently lead this country," he said.
"In terms of India, in terms of South Asia, you cannot find a more knowledgeable person than Joe Biden. And indeed, right now, the Biden-Lugar legislation on Pakistan is the most important piece of legislation in terms of foreign policy on the Hill. It's trying to reorient our foreign policy toward that country to make it more comprehensive -- not just one that was individual-based and transactional as it was before."
In an obvious bid to leave everyone guessing on her political heir, Bahujan Samaj Party (BSP) president and Uttar Pradesh Chief Minister Mayawati appointed a second national vice-president of the party, late Tuesday night.
SBI was the top gainer in the Sensex pack, surging around 8 per cent. Tata Steel, Bajaj Finance, HDFC Bank, NTPC, Axis Bank and ICICI Bank also ended with firm gains. On the other hand, TCS, HUL, Bajaj Auto and Infosys were among the laggards.
With the economy gaining pace and large deals back on the table, chief executive officers (CEOs) of tech companies believe global tech spending will witness growth this year. According to CEO Survey by Nasscom, about 71 per cent chief executives expect global spend to grow over 4 per cent. The figure is significantly higher than the previous two years - 41 per cent and 59 per cent in 2019 and 2020, respectively. The survey also said the recovery in global tech spending will be led by the digital segment.
Indian equity markets are likely to witness volatility this week due to concerns over rising cases of coronavirus and expiry of derivatives contracts, analysts said. Further, progress surrounding the COVID-19 vaccine, related updates, US stimulus talks and global cues would dictate the market trend, traders said. "Going ahead, the market is likely to be volatile as sentiments oscillate between fear of rising COVID cases globally and optimism over vaccine progress. Investors would closely watch out development over the US stimulus talks," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Foreign portfolio investors (FPI) have pumped in a net sum of Rs 49,553 crore in Indian markets this month so far on back of high liquidity coupled with improving global indicators and clarity after the US presidential elections. FPIs invested Rs 44,378 crore in equities and Rs 5,175 crore in the debt segment, taking the total net investment to Rs 49,553 crore between November 3-20. In October, FPIs invested a net sum of Rs 22,033 crore.
RBI policy, macro data, company earnings to decide market course this week: Experts
As the Indian equities signed off 2019 on a remarkable note, the m-cap of BSE-listed companies rose by Rs 11,05,363.35 crore to Rs 1,55,53,829.04 crore.
The market capitalisation of BSE-listed companies on Thursday crossed the historic Rs 200 lakh crore mark for the first time, driven by a continuous rally in the broader market. Riding high on the bullish investor sentiment, the market capitalisation of BSE-listed companies reached a record Rs 2,00,47,191.31 crore at close of trade. The 30-share BSE index closed the day with a gain of 358.54 points or 0.71 per cent at its lifetime peak of 50,614.29. This is the fourth consecutive day of gains for the markets.
The 77-year-old former US vice president will become the 46th president of the United States, CNN reported, after a victory in Pennsylvania, the state where he was born put him over the 270 electoral votes needed to win.
Lula Mohanty, vice president, IBM India talks about the experiences that shaped her career and offers advice on how to be a good leader.
At BSE, 1,799 scrips declined and 714 advanced, while 184 remained unchanged.
Ajit Singh represented a bridge between a constituency that represented a more traditional era in politics and a modern, forward-looking, India, remembers Aditi Phadnis.
Prime Minister Narendra Modi arrived in Washington, DC, on Wednesday on an official visit to the United States during which he will hold the first face-to-face meeting with President Joe Biden and his deputy Kamala Harris, attend the maiden in-person Quad summit and address the 76th session of the United Nations General Assembly in New York.
According to police, it appears to be a case of murder due to monetary and property dispute and they are searching for both the accused.
ONGC was the top gainer in the Sensex pack, rallying over 13 per cent, followed by HCL Tech, Hero MotoCorp, NTPC, TCS, M&M, Infosys and Maruti. NSE Nifty soared 306.55 points, or 3.21 per cent, to 9,859.90.
Other gainers included SBI, Kotak Bank, Sun Pharma, Tata Motors, M&M and Tata Steel, rising up to 5.19 per cent.
Incoming International Cricket Council (ICC) president Sharad Pawar does not want former Australian Prime Minister and cricket aficionado John Howard as his deputy in the interim.
Tata Steel was the top loser in the Sensex pack, sinking over 5 per cent, followed by SBI, IndusInd Bank, Bajaj Finance, HDFC Bank and NTPC. NSE Nifty tanked 371 points to 16,614.20.
The broader Nifty closed at 11,993.05, falling by 233.60 points, or 1.91 per cent. On the Sensex chart, Bajaj Finance was the top loser, dropping 4.63 per cent, followed by SBI, IndusInd Bank, Maruti, HDFC, Hero MotoCorp, Axis Bank, ICICI Bank and RIL
In four days, Sensex has fallen by 5,815.25 points. From the 30-share pack, 22 companies closed the day lower, led by Bajaj Finance, Maruti Suzuki India, Axis Bank, M&M, Tech Mahindra and ONGC, plunging up to 10.24 per cent.
Shehzad Poonawalla, an office-bearer of the Maharashtra Congress, said he would also contest the election if it was conducted in a "genuine" manner.
The win took the Highlanders to the second spot with eight points as they remained unbeaten from four matches.
Government think-tank body Niti Ayog CEO Amitabh Kant supported the industry demand and called for setting up of a single window clearance system for expeditious approval of projects. Start-ups and small medium enterprises requested the prime minister to provide support in low-cost capital at the virtual launch of space and satellite industry body Indian Space Association (ISpA).
Bajaj Finance was the top laggard in the Sensex pack, dropping over 9 per cent, followed by Axis Bank, IndusInd Bank, HDFC, ICICI Bank and M&M. Reliance Industries, however, capped the losses by rallying over 3 per cent. Sun Pharma, Hero MotoCorp, L&T, PowerGrid and Bajaj Auto were also among the gainers.
The bankruptcy tribunal had on July 5, prevented the Directorate General of Civil Aviation from deregistering the Boeing 777 plane, which has been under the possession of a Dutch cargo provider since April.
United States vice president-elect Joe Biden will lead a bipartisan Congressional delegation on a visit to Southwest Asia before he takes office alongside Barack Obama on January 20. For security reasons, details of the trip and the countries to be visited have not been released. Biden would be accompanied by Senator John Kerry, the former Democratic Presidential candidate and the incoming Chairman of the powerful Senate Foreign Relations Committee.
The stock, which is a play on the growth story of Indian Railways, has corrected 15 per cent from its 52-week high level of Rs 2,072.95 scaled on March 9. Yet, this has not deterred brokerages from holding a bullish view on the stock.
Presumptive US Republican presidential nominee John McCain is expected to meet soon with Louisiana Governor Bobby Jindal, a recent report said. McCain is expected to travel to Louisiana on Wednesday. The timing and the haste with which the visit is arranged, has caught some members of Jindal's team by surprise, the report added.
The Congress has almost made up its mind to nominate Vyricherla Kishore Chandra Suryanarayana Deo for the Vice President's post.
The self-balancing concept bike left everybody awestruck at Auto Expo 2018.
