On December 15, Wall Street legend Marc Chaikin will explain exactly when this market will find its ultimate bottom and share how he’s used his Power Gauge system to find 9 of the top 10 performing stocks in the market every single year going back to 2016. Because Marc wants to help put you on the right […]
The BSE 30-share Sensex declined 393 points to 61,787.77 levels and 50-share Nifty went down 112 points to 18,496.60 levels at 9.20 in the morning. Some of the gainers on BSE during morning trade were Hindustan Oil Exploration, Hikal and JP Associates. MTNL, Raymond, Glenmark and BirlaSoft were among the laggards in morning trade.
By: Vilhelm Vast of King University “The faith that anyone could move from rags to riches – with enough guts, and gumption, hard work, and nose to the grindstone – was once at the core of the American Dream.” –Robert Reich, economist, and former U.S. Secretary of Labor After the industrial revolution, and revenue was […]
The global markets are expecting an aggressive hike in policy rates by Federal Reserve next week. If the Fed hike its monetary policy rates, the global markets are bound to react to the policy change and eventually the country's markets, in a way, will be influenced by the hike. In another development, the US inflation data will also be revealed next week and the Wall Street is also anticipating its outcome. The crude oil prices will also be monitored by the investors.
A recent Reuters poll suggests that a vast majority of analysts in the US believe the economy will enter a short and light recession later this year. This comes as the country is experiencing surging inflation, which has reached a four-decade high, prompting the Federal Reserve to announce several interest rate hikes since the beginning of the year in an […]
On inflation, the report by the department of economic affairs said domestic prices of some food items have gone up in the wake of the rise in international prices. India's grain availability was impacted by the untimely heatwaves and deficiency of the southwest monsoon in the current year. However, export restrictions have ensured that the country's needs are fully met.
At the time of writing this report, Sensex traded at 61,828.47 points, up 317.89 points or 0.52 per cent, whereas Nifty traded at 18,370.30 points, up 103.05 or 0.56 per cent.
Forex traders said the sharp fall in the rupee after a promising start on Monday was due to a large part of India Inc purchasing dollars. Dollar demand from corporates increased, with cautionary words on US inflation from a Federal Reserve official keeping the greenback firm.
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