From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.
The downward surprise in Q2 stemmed from a stronger-than-anticipated drag from gross fixed capital formation and marginal weakness in private final consumption expenditure. In Q3, projection errors emanated mainly from a steep unanticipated contraction in gross fixed capital formation, which was the deepest in the new series of GDP.
Top losers in the Sensex pack were Hero MotoCorp, HCL Tech, TCS, Asian Paints, IndusInd Bank and Infosys, shedding up to 3.08 per cent.
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
The Sensex oscillated in a range of more than 300 points.
'The selling in India may emerge as soon as the RBI reverses its interest rate stance.'
The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
Large stocks were ruined in transit due to thunderstorm and rainfalls in the north and the north-east states, resulting in fewer kilos of potatoes at mandis.
Former Congress chief Rahul Gandhi, Bharatiya Janata Party ministers Ashwini Vaishnaw and Prahlad Singh Patel, as also former election commissioner Ashok Lavasa and poll strategist Prashant Kishor were among those whose phone numbers were listed as potential targets for hacking through an Israeli spyware sold only to the government agencies, an international media consortium reported on Monday.
Some sportspersons of Punjab and Haryana have been returning their awards (Padma, Dronacharya, and Arjuna award ) in order to show solidarity with the farmers.
The MPs criticised the Shiromani Akali Dal leadership for being in the Bharatiya Janata Party-led NDA even after these bills were proposed by the government.
The S&P BSE Sensex rose 127 points to end at 27,942.
Ajit Mishra will answer Your Questions on the stock markets on a weekly basis. Please mail your questions to getahead@rediff.co.in with the subject line 'Stock Market Query' along with your name and Ajit will offer his unbiased views.
The 30-share Sensex dropped 308 points to end below 25K at 24,894.
Gold prices this year are higher than last year, and the goods and services tax is an additional burden for consumers
RBI Governor Shaktikanta Das said that early containment of the pandemic could impart an "upside" to the economic growth outlook.
Gold demand in India dropped by 30 per cent during the July-September quarter to 86.6 tonnes, compared to the same period last year due to Covid-19 related disruptions and ruling high prices, the World Gold Council (WGC) said in a report.
The demand for gold has bounced back sharply in India from the lows seen in 2020 because of the outbreak of the Covid-19 pandemic, and has even beaten the pre-pandemic level. In the September quarter, the demand for gold jumped 47 per cent year-on-year (YoY) to 139.1 tonnes, as against 94.6 tonnes in the year-ago period, and higher than the 123.9 tonnes recorded in the pre-pandemic September 2019 quarter, the World Gold Council (WGC) said in its latest release. In value terms, demand surged 37 per cent year-on-year (YoY) to Rs 59,330 crore during the quarter.
The 30-share Sensex ended 363 points higher at 27,687.
On the Sensex chart, Bajaj Finance was the top gainer, rallying around 8 per cent, followed by IndusInd Bank, Bajaj Finserv, Infosys, ICICI Bank, Axis Bank and HCL Tech. On the other hand, NTPC, ITC, PowerGrid and Tata Steel were among the laggards.
Foodgrains production in 2020-21 is projected to be a record 144.52 million tonnes, which is 0.80 per cent more than the production in 2019-20.
Gold and diamond retail chain Malabar Gold & Diamonds will be investing Rs 1,600 crore in FY22 to launch 56 stores globally with 40 across India and 16 internationally in FY22 to further boost its retail presence across the globe. The move is expected to generate over 1,700 jobs. In India, the expansion strategy is centred in states like Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Maharashtra, Delhi, West Bengal, Uttar Pradesh, Odisha and Kerala. Internationally, the expansion will be in markets such as Singapore, Malaysia, Oman, Qatar, Bahrain and UAE.
The parties that have submitted the notice include the Congress, All India Trinamool Congress, Samajwadi Party, Telangana Rashtra Samithi, Communist Party of India, Communist Party of India-Marxist, Nationalist Congress Party, Rashtriya Janata Dal, National Conference, Dravida Munnetra Kazagham and the Aam Aadmi Party.
The country's gross domestic product (GDP) growth is likely to be 8.8 to 9 per cent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report. The country's economy had contracted by 7.3 per cent in fiscal 2020-21. The agency said the outlook for the Indian economy on almost all counts in FY22 would look seemingly better than FY21 on account of the negative base effect.
While everyone raves about the joys of the monsoons, Keya Sarkar is not as enthusiastic.
In 2014, INS Vikrant was dismantled in Mumbai.
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
Asian shares have begun the week on a plaintive note.
The Indian FMCG industry has recorded a 9.4 per cent growth in the January-March quarter of 2021, helped by a consumption-led growth and value growth by increased prices of products, especially of staples, said data analytics firm Nielsen. The rural market continued to perform with strong growth of 14.6 per cent during the period and the metro markets have registered a positive growth after two quarters. Fast Moving Consumer Goods (FMCG) industry sales growth from the traditional trade channels jumped to double digits, while growth in e-commerce normalised down to single digits in the January-March quarter.
Over the past week, the BSE Sensex ended on a muted note, showing a marginal gain of 2.25 points at 28,114.56.
The S&P BSE Sensex rose 486 points to close at 26,367.
Foreign investors, according to them, will now wait-and-watch how the economy takes shape in the backdrop of doubts over monsoon, interest rate trajectory and other global events such as the US - China trade war.
Derek O'Brien of Trinamool Congress came near the podium and tried to show the rule book to the Deputy Chairman. An attempt was also made to snatch the microphone and the marshals tried to prevent it.
First, the industry is hoping for brisk business, as, according to projections there will be normal monsoon. Secondly, it is relieved at the fall in import of cheap umbrellas from China which had dented the domestic market for several years.
Rajya Sabha witnessed unruly scenes on Sunday as Opposition members stormed the well and reached the deputy chairman's seat to protest against the farm bills debated and passed by the Upper House through voice vote.
According to state government sources in Gujarat, cotton sowing was only 9,339 hectares or 0.37% of the normal three-year average sowing in the first week of this month
Sector analysts opined that the northern, central and eastern markets were particularly hit
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
Jewellers see flat gold sales this Dhanteras
