D Gukesh paid dearly for unwarranted complications in the middle game, allowing defending champion Ding Liren of China to clinch the opening game
China's Ding Liren stormed back in fine fashion with a victory against Gukesh Dommaraju in Game 12 of the World Chess Championship 2024 to level the match at 6-6.
The BSE Sensex rose on Wednesday to mark a record close as telecom firms such as Bharti Airtel surged on better-than-expected operating performance, while continued strong foreign flows also boosted sentiment.
These investors have pumped in about Rs 6,900 crore (Rs 69 billion) in the seven trading sessions after the Federal Open Market Commission meet.
Second quarter earnings of companies, starting with the Infosys results, export-import numbers and industrial production data, could keep markets volatile in the week ahead.
Fed move based on US economic recovery, which should boost India's exports, narrow CAD and help curb 'imported' inflation
Barack Obama's re-election as the President of the United States has proved favourable for commodities markets amid hope that the recently announced third round of quantitative easing (QE3) for brining liquidity into the financial system would continue in future as well.
It has been a choppy Samvat 2069 for the global markets.
It will have a positive impact on India's trade deficit and GDP growth.
Global equity and bond markets, especially in Japan, were spooked on Thursday post the US Federal Reserve's comments on the third round of bond buying programme, commonly known as quantitative easing (QE3).
Many factors leading to the 2008 financial crisis still exist.
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The broader consensus was that the Fed would cut the monthly stimulus of $85 billion by $10-15 billion.
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The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
A weak dollar overseas also aided the rupee rise while fresh sell-off by foreign funds in domestic stocks capped the currency's gains, forex dealers said.
For now, the rupee is likely to remain dependant on global factors. The dollar held on to broad gains on Thursday after Fed chairman Bernanke said the central bank still expected to start scaling back its bond purchase programme later this year, but left open the option of altering that plan.
Market sentiment around the stock has continued to be positive on the back of improving outlook for the US economy and anticipated weakness in the rupee.
For one thing, US Fed Chairman Ben Bernanke was perhaps right in postponing the quantitative easing taper even though the markets had complained at that time that they were primed for some reduction in QE3 and the Fed had missed an opportunity to execute their plans without causing too much of a flutter.
They have put in $14 billion so far in 2014 but this could get slower if the US Fed raises rates; however, there are expectations on compensatory flows.
64% of 800 investors polled think it will start this week but weak US data suggest it might not be aggressive.
Of the 70 international feeder funds, more than half have made losses in 2014.
The Reserve Bank in its first mid-quarter policy review on Monday kept the key interest rates unchanged because of elevated food inflation, rupee depreciation and uncertainty over foreign fund inflows.
India's record current account deficit has been a key reason behind why Standard & Poor's and Fitch Ratings cut their outlooks on the country's sovereign rating to 'negative' last year.
The fall in reserves was due to a sharp fall in foreign currency assets.
In a bear market, prices may be irrationally depressed. In that case, an investor can identify mis-pricing, invest with a safety margin and wait. Since values are low, the risk is also low.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
As investors try to second-guess the US Fed, corporate and election results could have a bearing on market direction
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
Lu Shanglei of China defeated Aleksander Indjic of Serbia and was crowned World junior chess champion at Hotel Hyatt, in Pune, on Sunday. In the girls' section, 16-year-old Alexandra Goryachkina successfully defended her title with a round to spare on Saturday.
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