A prominent 72-year-old social activist on fast since July 6 demanding implementation of Inner Line Permit System in Manipur was force fed at a state-run hospital after his condition deteriorated.
'Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety.'
'It makes sense to have gold in one's portfolio keeping the political and economic risks of 2024 in mind.'
The rate hike in the future is set to be 'calibrated and cautious'.
Also keenly watching inflation numbers, with wholesale inflation data expected today
Production from many gold producing regions of the world is currently constrained by power shortages; and rapidly inflating development costs are causing the postponement of several otherwise promising development projects around the world.
Indian markets on Thursday shrugged off any negative impact.
Among the Sensex firms, Tech Mahindra, HCL Technologies, Wipro, Infosys, Bajaj Finance, Tata Consultancy Services, Bajaj Finserv and ICICI Bank were the major gainers. Power Grid, Nestle, Asian Paints and Hindustan Unilever were among the laggards.
"There was a misunderstanding with the translation because I didn't say that I'm not going to play at all," said Myskina.
The recent weakness of the rupee has been due to yuan's devaluation.
The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia.
The US Fed has also retained its benchmark rates for the Federal funds in the range of zero to 0.25 per cent, as part of its efforts to help in boosting the economy. After its two-day monetary policy meeting, which ended on Wednesday, the Fed said that 'economic activity is leveling out'.
Some investors had speculated that the US central bank might put its plans on hold given the jitters overseas.
Among the Sensex firms, Larsen & Toubro, UltraTech Cement, JSW Steel, Titan, Bajaj Finance, Wipro, Tech Mahindra and Nestle were the major laggards. Maruti, Power Grid, Axis Bank, State Bank of India, NTPC, HDFC Bank, ITC and IndusInd Bank were the gainers.
Stock markets will be largely driven by global trends and macroeconomic data announcements in a holiday-shortened week which may see volatility amid monthly derivatives expiry, say analysts. Equity markets will remain closed on Monday for Gurunanak Jayanti. Trading activity of foreign investors and the movement of the rupee against the dollar will also be tracked by investors.
Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate "liftoff" but said rates would rise only slowly from then on to nurture the U.S. economic recovery.
Roads are being expanded, bridges are being built, hotels are springing up, and the crowds are pouring in. Bringing with them promise of unforeseen economic boom. Ayodhya, it seems, has opened up its heart, Saisuresh Sivaswamy/Rediff.com discovers on his first day in the city.
In a big setback to the Indian Fed Cup team, Sania Mirza will miss the upcoming Group I Asia/Oceania zone tie, citing an abdominal injury.
He is only the agent that can bring them that change for they are quite aware that he has articulated no vision on how to set Pakistan back on the rails, notes Lieutenant General Gautam Moorthy (retd).
After an extremely stable 2023, the Indian rupee started 2024 on a promising note and has turned out to be the best-performing Asian currency so far in January, appreciating 0.1 per cent despite 2 per cent rise in the dollar index. All other Asian currencies depreciated by around 1.4-4 per cent during the month. The local currency regained its ground against the greenback on the back of foreign portfolio inflows, said market participants.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
'If individual stocks start falling 25% to 30% or more, then I doubt how many of them will be able to withstand that (kind of selloff). That is when you'll see panic coming in.'
Strong currency and sagging oil prices are spooking policymakers.
A significant number of flights were impacted at the Delhi and Mumbai airports in the last few days due to dense fog and low visibility conditions.
'The darker it is, the more our chances of emerging stronger in the light.'
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
Among the Sensex firms, ITC, NTPC, Axis Bank, Larsen & Toubro, Bajaj Finance, Asian Paints and Tata Steel were the major gainers. Mahindra & Mahindra, Wipro, Maruti, IndusInd Bank, Kotak Mahindra Bank and HDFC Bank were among the laggards.
In the United States, economic data is likely to take a back seat next week.
Years of unprecedented stimulus has left the Fed swollen with $4.5 trillion in bonds
Holders Manchester City cruised into the Champions League quarter-finals for the seventh consecutive season with a 3-1 victory over FC Copenhagen.
'Investors with higher risk appetite and longer horizon (more than one year) can invest in longer-duration funds like corporate bond funds, long-duration funds and gilt funds for maximum gain.'
Fed rate hike 'makes sense,' says US reserve bank president.
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
Maria Sharapova will lead Russia in their Fed Cup first-round tie against France next year, the country's tennis chief said on Tuesday.
Wipro was the biggest loser in the Sensex pack, slipping nearly 2 per cent, followed by IndusInd Bank, State Bank of India, Kotak Mahindra Bank, ICICI Bank, HDFC Bank, Infosys, Tata Consultancy Services, HDFC and Bajaj Finserv. On the other hand, Nestle, Mahindra & Mahindra, ITC, HCL Technologies, Asian Paints and Maruti were among the gainers.
Foreign portfolio investors' (FPIs') net investments in the domestic debt market surged in December, marking a 77-month high, that is, since July 2017. According to market participants, this significant uptick in FPI inflows can be attributed to the post-domestic policy outcome and the US Federal Reserve's dovish stance at the December policy. FPI inflows into debt stood at Rs 18,393 crore in December against Rs 14,106 crore in November, according to data on the National Securities Depository Limited.
India's prices are rising faster than many of its emerging market peers. The country's inflation print for May at 4.25 per cent is a marked reduction from the levels seen in May 2022 (7.04 per cent). However, even though the inflation rate remains within the Reserve Bank of India's medium-term target of 4 per cent, with a 2 per cent margin on either side, it continues to be higher than China, Russia, and Brazil.
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