'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
If eight states could join the VAT system much after the rollout date and after seeing how it works, why can't the same apply to states opposed to the farm laws, asks A K Bhattacharya.
Addressing public rallies at Barnala chowk and Bhawanigarh in Sangrur, the chief minister vowed to do whatever it takes to protect the farmers and the state from the 'devastating' effects of the 'black laws'.
He maintained that the laws were for their benefit and then apologised to people of the country, adding that the government could not convince a section of farmers despite its clear heart and clean conscience.
Indian rupee is likely to test 76-76.50 levels as a relatively strong greenback, boiling crude prices and COVID headwinds deepen the depreciation bias for the domestic currency, according to experts. One of the significantly-hit Asian currency in recent months amid uncertain economic times, rupee is expected to see a consolidation in the vicinity of the current level before being pulled towards the depreciation bias. While the equity market has been surging with occasional blips, the rupee has mostly been weak against the US dollar in recent months.
Such an economic environment tends to be positive for gold, the ultimate safe-haven asset. Since gold cannot be debased by central banks, it naturally gains in value.
The tickets come in four colours -- red, blue, purple and green -- representing each of Japan's four seasons.
The agriculture minister said the government's constant efforts are aimed at making farmers prosperous by increasing their income.
Over the next three - six months, UBS believes earnings will be the main driver for EM equities outperformance.
Earlier in the day, former India spinner Pragyan Ojha said the country knows how important farmers are and an outsider's opinion is not needed on an internal matter.
The protests against farm laws saw a fair share of controversies as well with climate activist Greta Thunberg and pop sensation Rihanna making their way to India's prime time debates and terms such as 'toolkit' and 'andolanjeevi' entering the Indian political lexicon.
The benchmark indices have rallied 28 per cent this year, while the broader market has outperformed
Jannayak Janta Party leader Digvijay Singh Chautala on Friday called farmer leader Rakesh Tikait a 'true patriot' and said he has always talked about farmers' interests.
"A full repeal of three central farm laws and enacting legislation for remunerative minimum support price for all farmers were reiterated as the pending demands of the movement," said the release signed by Krantikari Kisan Union leader Darshan Pal.
'Internet, healthcare and life insurance are a few sectors which offer solid long-term decadal potential.'
'It won't help being complacent about the momentum and valuations of equities that currently exist.'
Huge demand for dry bulk commodities such as iron ore, coal, and grain has helped the Index touch a five year high recently.
If the dollar continues to rally as expected, commodities will continue to tank after a short counter-trend rally.The same holds true for precious metals, says Sonali Ranade
'You should always maintain an allocation to gold as it has the ability to counterbalance any correction in the equity market.'
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
From the Republic Day violence to Lakhimpur Kheri incident and terms such as 'toolkit' and andolanjeevi entering the Indian political lexicon, it was controversies galore during the year-long farmers' movement against the contentious agri laws.
'Gold could benefit from the resulting risk aversion, as happened last year.'
The S&P BSE Sensex surged 481 points to close at 25,627.
Thomson Reuters Proprietary Research study pointed to a strong momentum for gold over the medium term, identifying strong global liquidity and low interest rates as support for a continued rally.
The all-time high price of silver is Rs 75,000 a kg, recorded in April 2011.
India has always been a good bet in relative terms during crises/turbulent times in emerging markets (EMs).
The Bhartiya Kisan Union Lokshakti said the principle of natural justice is going to be violated as those appointed to the four-member committee 'have already supported these laws'.
Bajaj Finance was the top laggard in the Sensex pack, slumping over 10 per cent, followed by M&M, Titan, Hero MotoCorp, ICICI Bank and Tech Mahindra. On the other hand, L&T, Bharti Airtel, IndusInd Bank, UltraTech Cements and NTPC were among the gainers.
The mid- and small-cap indices had a dream run between January 2017 and January 2018 - zooming 48 per cent and 56 per cent, respectively.
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
The global high comes amidst the uncertainties of Brexit, a trade war and slowing growth, with traders increasing their silver bets.
A bench headed by Justice S K Kaul said it was not against the right to protest even when the legal challenge is pending but ultimately some solution has to be found.
Agriculture activity, according to recent channel checks by Prabhudas Lilladher, is expected to continue at a strong pace in FY22.
Total area sown till last Friday was 16.56 mn hectares, up 23%.
Akshay Tritiya could be a good reason to invest. Purchase jewellery only for immediate consumption.
The Supreme Court Wednesday refused to entertain pleas seeking time-bound probe, including by an apex court-appointed commission, into the tractor rally violence in the national capital on the Republic Day saying the government is already inquiring the matter and the Prime Minister has stated that law will take its own course.
The bullish outlook for gold is seen as a trigger for silver to perform better going ahead.
Sources claimed that in the meeting, it was also discussed to close the Red fort from 20th January to 27th January and a clarification was sought from Delhi Police.
Thirteen companies have joined the Rs 1-trillion-plus market capitalisation club this year, so far. This even as the benchmark Sensex has gained less than 3 per cent on a year-to-date basis, underscoring the bullish undercurrent in the broader market. The trend shows a harsh second wave of Covid-19, subsequent lockdowns, and hit to the economic activity has made little dent into India Inc or shareholders' wealth. At the start of the year, there were 29 companies with a market value of more than Rs 1 trillion.
A substantial fluctuation is likely because for a long period gold has moved in a narrow range of $ 50-60 and at higher levels short positions were built.
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