Silver dropped by Rs 175 to Rs 34,550 per kg.
Long queues outside grocery stores, inflated prices, difficulty in getting important items -- these were some of the problems encountered by people in the National Capital Region (NCR).
'There is a clear business impact. People are avoiding crowded places and gatherings across cities. This is hitting business, both at traditional and modern trade outlets, during the Holi season, which kicked off from Saturday,' says Praveen Khandelwal, general secretary, Confederation of All India Traders (CAIT).
'The markets seem apprehensive and that explains why the markets have been feeling slightly uncomfortable ahead of the Budget.' 'After the event, when all the concerns are resolved and clarity emerges, markets will decide what to do next.'
Mobile services and internet remained suspended for the 16th consecutive day, while landline telephone services in many areas also remained affected.
'This fall is nothing. We could see worse if everybody hits the panic button.'
The proposal to issue new rules has come just six days after the DGCA said it has imposed a fine of Rs 5 lakh on IndiGo airline for denying boarding to a specially abled child at Ranchi airport on May 7.
Market expert Pranav Sanghavi offers some valuable tips.
Large-cap scrips are still trading at a discount to mid-caps.
When there is panic, you get an opportunity to get your hands on some of the good stocks.
'If you are invested in mid-cap and small-cap stocks, even if you are making losses right now, it is better to sell them now and sit on cash.'
The situation is severe in North India as most of the logistics operation was manned by migrant labourers from Uttar Pradesh and Bihar. The problem with manpower is not only in courier and delivery services, but also at a shop level.
The sharp correction in equity markets has taken a toll on mid-and-small cap stocks that have underperformed their large-cap peers. Thus far in calendar year 2022 (CY22), the mid-and-small cap indexes on the BSE have slipped over 8 per cent and 7 per cent respectively, as compared to a fall of around 6 per cent in the S&P BSE Sensex. While investors dumped mid-and small-cap stocks as the markets remained choppy over the past few weeks, analysts still expect these two segments to see good investor interest from a medium-to-long term perspective.
'Will people who buy iPhones stop buying iPhones to help swadeshi models?' 'There should be some advantage for the consumer to make them buy a Made in India product.' 'Patriotism and nationalism are good words, but in business, it won't work.'
Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand as they continue to believe in its long-term prospect, analysts said. On Tuesday, 86 per cent of Paytm's shares became free to trade after the end of the lock-in period, allowing investors to sell shares that haven't yet been allowed onto the market. Market participants have been speculating on Paytm, post-expiry of lock-in for pre-IPO investors.
Chinese stock markets have slumped 30 per cent since mid-June.
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.
IndiGo had on May 9 said the boy was denied permission to board the Ranchi-Hyderabad flight as he was visibly in panic.
While the likely intensity of the third wave is still a matter of debate, wisdom lies in being financially prepared for it, advises Bindisha Sarang.
Earlier on Wednesday, Reuters reported that Swiss business tycoon Hansjoerg Wyss is considering buying football club Chelsea from Abramovich, Wyss told Swiss newspaper Blick as British lawmakers continued to push for sanctions against the billionaire.
United manager Louis van Gaal, who had come under scrutiny for sanctioning the deadline-day deal this month and had even been accused of 'panic-buying', was suitably impressed if typically understated.
In a speech to the Institute of Directors, a London-based group of business heads, Brown said that protectionist 'sentiments are growing' not only because of the current credit crunch and rises in fuel and food prices, but also due to the longer term challenge posed by the rise of Asia, particularly India and China.
The pandemic is taking a deep, emotional, scarring toll. Will we survive, asks Shruti Vyas. If we do, will we be the same?
'A large number of people are suddenly waking up to the fear of losing jobs,' says Shyamal Majumdar.
The 93-year-old monarch and her 98-year-old husband, Prince Philip, are likely to be placed in quarantine at the royal Sandringham Estate in Norfolk in the coming weeks as tougher measures are put in place to fight the coronavirus outbreak in the UK affecting over 1,140 people.
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
The steep fall in rupee came on a day when the Reserve Bank of India in its first quarter review of monetary policy kept the all key rates unchanged but cut the gross domestic growth forecast to 5.5 per cent for FY'14 from 5.7 per cent earlier.
Carrying their baggage, thousands of people are leaving the port town of Paradip to escape the wrath of the severe cyclonic storm 'Phailin' which is expected to make landfall in Odisha in less than 24 hours.
Here are five talking points from the weekend's action in La Liga.
Hit hard by volatility in yarn prices, 50% of the looms said to be operating only 3-4 days a week.
The government is considering blocking internet protocol (IP) addresses of companies/exchanges on which trading in cryptocurrencies is happening, said a source in the know. Two months ago, the government had said it intended to bring a Bill to ban private cryptocurrencies and introduce India's own digital currency in line with what China and other countries had done. This move is part of that. The government had also proposed to promote technology like blockchain. Industry, however, says banning decentralised currencies like bitcoin and ethereum is not possible.
Big pharma companies, however, said while it was true that formulation players would not rush to buy raw material, they could not afford losing customers.
Banks bore the brunt of the sell-off.
Power Grid is one of the more promising stocks from the newer listings and I would surely look at it even at current levels. Even when the market fell viciously Power Grid didn't fall as much, says market expert Pranav Sanghavi.
A few days back, Finance Minister Nirmala Sitharaman urged the start-up community and public to deal in cryptocurrency with caution because everything that was floating around was not currency. In the first week of August, the country's top nine crypto exchange platforms were summoned by the Directorate of Enforcement (ED) in Hyderabad. The exchanges were questioned for money laundering, especially over a number of Indian non-banking financial companies and their fintech partners for predatory lending practices in violation of the Reserve Bank of India (RBI) guidelines and by using tele-callers who misuse personal data and use abusive language to extort high interest rates from the loan takers.
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.
With Indian jewellery market already on the robust recovery path, the jewellers are expecting strong Diwali sales in the Dhanteras as the festive mood remains high with low Covid third wave possibility and softer gold price this season. The industry expects the trends in 2021 will be able to reach pre-covid level sales of 2019 on the back of gold price hovering at Rs 46,000-47,000 per 22 carat 10 grams gold nearly 5 per cent lower than 2020, and jump in number of weddings, a senior official of an industry body said. "Since Navratri market is showing demand. It will continue on Dhanteras also.
Wounded VfL Wolfsburg, who drew 1-1 with Hanover 96 on Saturday after being crushed 5-1 by Bayern Munich last week, will meet Manchester United in Wednesday's Champions League game.
Talks with government officials on VAT waiver fails.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances