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How has Sensex performed in months with Monday the 1st as trading day?
Indian headline index S&P BSE Sensex started July trade on Monday, which is also the first day of the month, jumping by over 400 points. An ETMarkets analysys of Sensex's performance in months beginning with Monday since 2020 reveals that the 30-stock index has given positive closing on five out of seven occasions.
India has been expensive market post COVID for last three years: Gautam Trivedi
China currently is still at about 9 to 9.5 times calendar 25 PE, we are at 21, 21.5 times, so still a huge premium to China. So, I said, over the past three years, India has been expensive post COVID. You have still put money. In fact, last year, they put cumulative $21 billion of net FPI flows into India. So, year-to-date why are you selling? And they said, finally, we do have an alternative.
Should Joe Biden downplay his own success?
"People telling Biden to downplay the fact that his big spending has worked out well for the economy are to some degree revealing their own ideological biases rather than giving solid political advice."
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
US lawmakers grill ex-top advisors of Anthony Fauci for deleted COVID-era emails. Here are details
Dr. Anthony Fauci’s adviser Dr David Morens is under scrutiny for certain alleged wrongdoings. His emails are being investigated. He served as a top adviser to Dr. Anthony Fauci during the COVID pandemic.
Any sharp correction for political reasons will be a good opportunity to add: Chandraprakash Padiyar
Chandraprakash Padiyar discusses market uncertainties due to high valuations despite positive business outlook. He highlights concerns over political changes impacting market reactions and discusses challenges in the specialty chemical industry due to Chinese competition. He also says near-term, the earnings look fairly decent from whichever portfolio companies have reported till date.
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Was Shreyas Talpade's heart attack last year caused by Covishield vaccine? 'Welcome 3' actor hints at possible link
Shreyas Talpade has raised concerns about a potential link between his recent heart attack and the Covid-19 vaccine. Despite maintaining a healthy lifestyle, he experienced fatigue and tiredness after vaccination, prompting questions about its impact. Talpade emphasises the need for more evidence before drawing conclusions but expresses curiosity about the vaccine's effects on health.
AstraZeneca vaccine side effect rare, occurs within a month of getting jab: Ex-ICMR Scientist
R Ganga Ketkar allays fears of Covid vaccine side effects, focusing on TTS. Covishield's low TTS risk 5-30 days post-vaccination. ICMR ensures post marketing surveillance. AstraZeneca dispels myths, promoting childhood vaccination.
Toxic: How the search for the origins of COVID-19 turned politically poisonous
China's political turmoil obstructs COVID-19 origin search, fueling global suspicions. Secrecy surrounds virus origins, with conflicting narratives and limited cooperation, hindering efforts to trace the source, leaving critical questions unanswered.
Your household shopping bill may not come down soon
Most consumer goods companies raised prices by more than a quarter in the past two years to offset rising costs under heads such as raw materials, supply chain and energy.
Fitch downgrades outlook on China to negative on economic growth risks
Fitch downgraded China's sovereign credit rating outlook to negative, expressing concerns over fiscal risks amidst economic uncertainties during its transition to new growth models. Fitch predicted a rise in the general government deficit to 7.1% of GDP in 2024.
India's petrol consumption doubles in a decade
Between 2013-14 and 2023-24, the annual consumption of petrol increased 117%, diesel 31%, aviation turbine fuel 50% and LPG 82%, according to the petroleum and natural gas ministry data. Kerosene consumption slumped 93% during this period as the government's clean cooking drive increased access to LPG.
Post Covid, India one of the main drivers of narrowing gender gap in labour force participation: Moody's
Olia Kuranova of Moody's discusses the impact of narrowing the gender labour force participation gap, estimating $1.5 trillion added to the global economy. India has made impressive progress, but traditional gender roles and lack of supportive policies contribute to a significant gender gap. Change in global attitudes towards remote work and hybrid arrangements has created opportunities for women in particular.
Tailwinds continue to favour them; 5 Southern and Western India focussed real-estate stocks with upside potential of up to 30%
This week, two real estate companies announced that they have sold out their real estate projects. What was worth noting, the overall size of the project, time in which they were sold and the price point at which they were lapped up. Both, real estate prices and stocks of real estate have seen a revival for last three years, if above events are anything to go by than probably, it appears that the demand continues to be strong in some pockets. Given the fact that the operating matrix of the real estate industry is such that debt element will present, it would be worthwhile to stay with large players who have either strong parent group or have track record where they have survived the slowdown without piling on much debt on the balance sheet. Also stay focussed on pockets where income profile of consumer is better.
Sensex slides over 150 points on negative Asian cues; Nifty below 22,100
Indian equity indices opened lower due to the decline in Asian peers. The BSE Sensex and Nifty50 both traded in the red, dragged down by IT and energy stocks. HCL Tech, Wipro, NTPC, Tech Mahindra, and Infosys opened with cuts, while JSW Steel, Tata Steel, Bajaj Finance, HDFC Bank, and Bharti Airtel opened with gains. The Nifty IT index fell, led by HCL Tech and Wipro. Aster DM Healthcare shares rose 10% after announcing a dividend for shareholders. Jio Financial Services reported a decline in net profit, causing its shares to fall.
Study says Covid might have negatively impacted bone health of young patients
The study proposes that lifestyle changes during the pandemic might have contributed to the observed decline in bone health.
Jailed Malaysia ex-PM Najib discharged from hospital after testing negative for COVID-19: Spokesperson
Najib, 70, is serving a 12-year prison sentence after being found guilty of graft and money laundering in a case related to a multibillion-dollar corruption scandal. He was admitted to hospital last week after testing positive for COVID-19.
First Lady Jill Biden tests negative for Covid-19
US First Lady Jill Biden has tested negative for Covid-19, three days after testing positive for the virus. She is currently experiencing only mild symptoms and will remain at home in Delaware. Meanwhile, President Joe Biden has tested negative for the virus for the fourth time and is set to travel to India for the G20 Summit. His schedule includes bilateral meetings with Prime Minister Narendra Modi, participation in various sessions and events, and a visit to the Raj Ghat Memorial.
US President Biden tests Covid negative 'again', will travel to India for G20 Summit: White House
US President Joe Biden has tested negative for COVID-19 after his wife, Jill Biden, tested positive. The first lady is experiencing mild symptoms and will remain in Delaware for the week. President Biden will be following CDC guidelines, wearing masks indoors and around people, and removing them when sufficiently distanced. Despite the positive cases, Biden still plans to visit India for the G20 Summit and will have a bilateral meeting with Prime Minister Narendra Modi on September 8. He will then travel to Vietnam on September 10.
First lady Jill Biden tests positive for COVID-19, but President Biden's results negative so far
Jill Biden will remain at the couple's home in Rehoboth Beach, Delaware, for the time being, communications director Elizabeth Alexander said. The first lady had planned to start the new school year Tuesday at Northern Virginia Community College, where she teaches English and writing. Due to her condition, she was working with school officials to arrange substitute teachers for her classes, Alexander said.
China won't seek negative Covid-19 test report for incoming travellers
Beijing ended its tough domestic "zero Covid" policy only in December, after years of draconian curbs that at times included full-city lockdowns and lengthy quarantines for people who were infected. The restrictions slowed the world's second-largest economy, leading to rising unemployment and occasional instances of unrest.
SoftBank’s Masayoshi Son to join PM Modi at Oyo founder’s wedding
However, Son’s presence is creating complexities for organisers of the New Delhi wedding reception. The 65-year-old, who increasingly prefers Zoom calls to in-person meetings even in his home base of Tokyo, has asked for Covid-negative tests from those he’s meeting
Nepal makes COVID-19 negative report mandatory for all international arrivals
Issuing a notice to all the passengers, the national flag carrier Nepal Airlines has announced passengers arriving from the international sector mandatorily must present COVID-19 international certificate or COVID-19 PCR negative report.
Negative Covid report must even for flyers to India transiting through China, 5 other nations
A negative Covid report from the RT-PCR test is a must for passengers arriving in India from China, Hong Kong, Japan, South Korea, Singapore and Thailand from the first day of 2023. The test must be conducted within 72 hours of undertaking the journey to India and the negative report from the RT-PCR test has to be uploaded on the Air Suvidha portal before their departure.
Australia requires negative Covid test for China arrivals
Health Minister Mark Butler said the move -- which will take effect from January 5 -- was being made "to safeguard Australia from the risk of potential new emerging variants" and "in recognition of the rapidly evolving situation in China".
It's 2023 but job interview biases continue
An analysis of 3,000 virtual job interviews revealed that 42% women and 33% men were asked personal questions that had potentially no connection or relevance to the role they were interviewed for.
UK expected to require negative Covid-19 test on arrivals from China
Now, Chinese travellers will be expected to carry a covid negative test report to enter the UK. Know what the ministers have to announce, and change rules to avoid the spread of the virus and its possible mutations.
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