We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
'For someone who wants to invest for the future or his family, diversification is necessary.' 'Diversify across asset classes -- equities, gold, real estate, fixed income, commodities, and even cryptocurrency.'
UltraTech Cement was the top gainer in the Sensex pack, rising 3.06 per cent, followed by IndusInd Bank, ICICI Bank, HDFC Bank, Titan, Axis Bank, SBI and Reliance Industries. NSE Nifty advanced 78.35 pointsto close at 14,814.75.
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
Kotak Bank was the top loser in the Sensex pack, falling around 3 per cent, followed by Axis Bank, Sun Pharma, HDFC Bank, Bajaj Finance and Asian Paints. On the other hand, ONGC, PowerGrid and IndusInd Bank were the gainers.
'No one in this administration, not the President nor anyone on the national security team, would suggest that the Taliban are respected and valued members of the global community'
Yellen is currently Vice Chairman of the Board of Governors of the Federal Reserve System.
The local currency had gained 7 paise to close at 66.57 in Monday's trade.
Many in the US establishment must hope that the crisis would put the brakes on China's growing military might. Well, it ain't gonna happen, says T T Ram Mohan, who was appointed a member of the prime minister's economic advisory council on Wednesday, October 28, 2021.
In all, 37 central banks around the world have eased monetary policy so far this year to boost growth, fight deflation or both
Ukraine fears weighed on sentiment, with Russia rejecting a peace proposal amidst civil war-like situation in the former Soviet union republic.
Biden, 'plotting an ambitious presidency that would begin amid twin health and economic crises, is leaning on veteran advisers with high-level governmental experience rather than outsiders and ideological rivals to help guide him on subjects including the coronavirus pandemic and the country's diminished standing in the world', a report in The New York Times said.
The US Federal Reserve has announced to maintain its bond purchase tapering programme.
The rupee recovered 20 paise to close at over three-week high of 60.47 against the US dollar in the previous session on Friday following strong local equities and capital inflows.
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
Broader market underperformed the headline indices
Domestic shares and other global markets rose on upbeat trade data from China earlier in the day and after a US House deal extending the federal borrowing authority.
In a speech to the National Economists Club that echoed dovish comments by his nominated successor, Janet Yellen, Bernanke also said that while the economy had made significant progress, it was still far from where officials wanted it to be.
Reflecting nervousness over the prospect of the Federal Reserve tightening policy and event risk, traders stayed on the sidelines
The market breadth was firm. Out of 2,933 stocks traded , 1,685 stocks advanced compared to 1,136 declined on BSE.
Total holdings of the top eight gold ETFs have risen by 3.8 million ounces so far this year
Getting out of the zero-rate armchair was overdue, and many in the market will be glad it has finally happened
Global adulation continued to pour in for Sachin Tendulkar, as after being named Person of the Moment, Time magazine has now conferred the retiring batting legend with the 'Person of the Week' honour.
Fed rate hike 'makes sense,' says US reserve bank president.
In the longest losing streak of 2017, the BSE Sensex has lost 1,270 points, or 3.91 per cent. It fell to a three-month low of 31,154.03 on Wednesday.
Rupee down 13 paise to 66.72 against dollar
Strong currency and sagging oil prices are spooking policymakers.
Covering-up of short positions ahead of Thursday's expiry of August series in the derivatives segment gave equities a slight push
Fed keeps rates unchanged, sets up possible December hike
In the United States, economic data is likely to take a back seat next week.
Weaker-than-expected growth in US jobs in recent months had already forced US central bankers to put off a rate hike at their meeting last week
The world economy has been run for too long by finance enthusiasts. It is time that finance sceptics began to take over.
Sensex under pressure as Yellen signals rate hike; banking stock slip.
Markets are assuming that by the second half of 2021, the world will be approaching some type of normalcy, points out Akash Prakash.
silver coins held steady at Rs 52,000 for buying.
Summers dogged by controversies over past views
Forex dealers said besides dollar's gains against other currencies overseas, increased demand from oil importers for the US currency put pressure on the rupee.
The Fed made clear that the rate hike was a tentative beginning to a "gradual" tightening cycle
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