The growth premium India enjoyed has largely been lost.
The faster-than-expected rise in interest rates by the US Federal Reserve (US Fed) shook global financial markets in early 2022. And now the ongoing war between Russia and Ukraine has lifted commodity prices, with Brent crude oil hitting a 14-year high of $139 a barrel in intraday trade. All these developments have sent the equity markets across the world into a tailspin.
Major global indices - the Nasdaq, Bovespa, Seoul Composite, S&P 500, Dow Jones, S&P BSE Sensex, NYSE, DAX, Nikkei and, CAC 40 - have all gained 37 per cent to 75 per cent since their respective March 2020 low.
In China, the toll stood at around 3,250 and in Italy it was 3,405.
Celebrated former captain Rahul Dravid is all but certain to to be the Indian cricket team's next head coach after he formally applied for the high-profile position on Tuesday.
But Trump is about to announce his candidacy for president in 2024. And it is not clear if Florida Governor Ron DeSantis, the present hero of disenchanted Republicans, or Biden, who says he might seek re-election (but will decide in 2023), can checkmate Trump, notes Shreekant Sambrani.
The Union Carbide Corporation gave a compensation of $470 million (Rs 715 crore) after the toxic gas leak from the Union Carbide factory on the intervening night of December 2-3, 1984, killed over 3,000 people and affected 1.02 lakh others.
As the year-long countdown begins for the 2012 London Olympics, organisers have been hit by the first major controversy around the mega sporting event, with activists of Bhopal gas disaster planning protests against Dow Chemical Company, one of the official sponsors.
The systems have been taken offline to prevent the spread of attacks, but Journal officials have not found any damage to the graphics, the newspaper said citing people at the Wall Street Journal familiar with the matter.
The S&P and Dow dipped the most in a day since September 28.
Post partnership with S&P, the exchange is looking at launching a slew of international products, too.
The market's sensitivity to the US Fed's balance sheet changes makes it vulnerable to the possible tapering of the bond buying programme and the resulting stagnation or even shrinkage in the balance sheet.
Amid growing chorus against Dow Chemicals's association with the upcoming London Olympics, a group of para-athletes urged the government to boycott the event unless the contentious company was dropped as a sponsor.
Under tremendous pressure from India to drop Dow Chemicals as London Olympics sponsors, the Games' organising committee chief Sebastian Coe said they are ready to meet the activists protesting against the company because of the 1984 Bhopal gas tragedy.
Tech Mahindra was the top laggard in the Sensex pack, followed by Tata Steel, Mahindra and Mahindra, HCL Tech, Infosys, SBI and Bajaj Finance.
United States-based Union Carbide Corporation has filed a petition in the Supreme Court demanding early hearing on the government's curative petition in the Bhopal gas disaster case, saying delays are being used to besmirch the reputation of its parent firm, Dow Chemicals. UCC, a wholly-owned subsidiary of The Dow Chemical Company, in the petition sought a fixed timetable for hearing and early disposal of the curative petition filed by the Union government in December 2010.
The Dow has never lost more than 800 points in a day.
Rupert Murdoch-promoted News Corporation on Monday said it will invest $100-million in the next 12-months to start six regional channels under the Star brand in India.
Media baron Rupert Murdoch plans to invest $100 million within a year to launch 6 regional channels under Star brand in India.
Sports Minister Ajay Maken, on Monday, said that the International Olympic Committee should keep the sentiments of Bhopal Gas tragedy victims in mind and drop Dow Chemicals as sponsors of next year's London Olympics.
Clarifying that the government has not asked athletes to boycott the London Olympics over the Dow Chemicals sponsorship, Sports Minister Ajay Maken said that the matter has been pursued at a diplomatic level with the host nation.
The Indian Olympic Association are not considering boycotting the London Olympics despite local demands to do so over a Games sponsorship deal with Dow Chemical, the IOA's acting president said on Monday.
Sports Minister Ajay Maken on Wednesday said the government has not yet thought of pulling the Indian athletes out of London Olympics due to row over Dow Chemicals' sponsorship.
The Rupert Murdoch-owned News Corporation has announced that it has struck a deal to buy Dow Jones & Company -- publishers of the prestigious financial daily The Wall Street Journal -- for $5 billion.
A strengthening dollar is considered good for Dow components. The top 30 companies of the world have operations around the world and payables in dollar. Thus, a strengthening dollar is hence considered positive for Dow blue chips.
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.
Australia's batting mainstay Steve Smith dared the lethal Indian fast bowling unit to bring on the short stuff in the four-match Test series starting next month.
Adani, which already has mining and environmental licences from the state government, requires the state approvals on management plans on the endangered finch bird and groundwater in order to commence the mine construction.
L&T was the top gainer in the Sensex pack, spurting over 6 per cent, followed by Hero MotoCorp, HDFC Bank, IndusInd Bank, Maruti, HDFC and HCL Tech. On the other hand, ITC, SBI and Bharti Airtel ended in the red.
The clean up issue, ignored in the Bhopal gas tragedy settlement, emerged 20 years later, with the government trying to hold Dow Chemicals, UCIL's successor, liable on the 'polluter pays' principle. From the legal perspective, for the victims, efforts at Anderson's extradition or a Law Ministry face off with Dow on cleanup are pointless, writes Kumkum Sen
HCL Tech was the top gainer in the Sensex pack, rising over 4 per cent, followed by HDFC Bank, Infosys, NTPC, Nestle India, TCS and HUL. NSE Nifty surged 337.80 points to 14,845.10.
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
Indian stock market indices have climbed close to their all-time highs, even as key overseas indices such as the Dow Jones, FTSE 100 and Nikkei 225 are reeling under the sub-prime meltdown in the US.
Among major Sensex gainers, ITC rose the most by 2.32 per cent, followed by TCS, M&M, SBI and Bharti Airtel.
The Dogs of the Sensex stock picking strategy is based on the Dogs of the Dow theory. The latter has outperformed its benchmark index, the Dow Jones Industrial Average, for the last 46 years.
There's more to the US markets than a mere weak-dollar story.
Infosys slipped nearly 9% after the company cut full year revenue outlook for FY17.
All Sensex components ended in the red. SBI was the top loser, followed by ONGC, Axis Bank, ITC, Titan, Bajaj Auto, TCS and IndusInd Bank.
'This fall is nothing. We could see worse if everybody hits the panic button.'
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