Us leading index

The Sensex and Nifty benchmarks traded within a narrow range on Friday seeking support from firm global cues. The S&P BSE Sensex closed 462 points, or 0.88 per cent, higher at 52,728. The Nifty50, meanwhile, ended at 15,699, up 143 points or 0.92 per cent. Top Gainers & Losers Auto, banking, and FMCG stocks took the centre stage today as easing commodity prices eased input cost and credit off-take pressures. M&M, IndusInd Bank, Bajaj Finance, Hero MotoCorp, HUL, ICICI Bank, Britannia Industries, ONGC, Shree Cement, JSW Steel, Eicher Motors, Tata Consumer Products, Hindalco, and HDFC Bank rose between 1.5 per cent and 4.4 per cent to settle as top Nifty gainers. On the downside, Tech M, Infosys, Apollo Hospitals, TCS, NTPC, HCL Tech, and Coal India ended as top laggards. Broader Markets In the broader markets, the BSE MidCap and SmallCap indices were also in the positive territory, rising up to 1 per cent. Sectorally, all pockets sat firmly in green. … [Read more...] about Sensex Jumps 462 pts, Nifty Near 15,700; Auto, Bank Stocks Rally

The rupee appreciated 6 paise to 78.27 against the U.S. dollar in opening trade on Monday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment. However, elevated crude prices and persistent foreign fund outflows restricted the rupee's gain, Forex dealers said. At the interbank foreign exchange, the rupee opened sharply up at 78.24 against the U.S. dollar, then inched lower to quote 78.27, registering a gain of 6 paise over the last close. In the previous session, the rupee had closed at its all-time low of 78.33 against the U.S. dollar. On the domestic equity marke t front, the 30-share Sensex was trading 589.05 points or 1.12% higher at 53,317.03, while the broader NSE Nifty advanced 179.65 points or 1.14% to 15,878.90. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.14% to 104.03. Global oil benchmark Brent crude futures rose 0.57% to $113.77 per barrel. … [Read more...] about Rupee gains 6 paise against U.S. dollar in early trade

Stock Market Today: Benchmark indices ended on a flat note in the volatile session on Tuesday. At close, the Sensex was up 16.17 points or 0.03 per cent at 53,177.45, and the Nifty was up 18.20 points or 0.11 per cent at 15,850.20. Top Gainers & Losers M&M, Tech M, Dr Reddy’s Labs, Reliance Industries, HCL Tech, and Tata Steel were the top gainers on the 30-pack index, up between 1 per cent and 3 per cent. Meanwhile, Titan Company, Asian Paints, Bajaj Finserv, Kotak Bank, Bajaj Finance, and ICICI Bank were the laggards, down up to 3.5 per cent. On the NSE, the Nifty50 shut shop at 15,850, up 18 points or 0.11 per cent. Further, in the broader markets, the Nifty MidCap added 0.3 per cent, but the Nifty SmallCap fell by equal percentage. Among major sectoral indices, the Nifty Metal index advanced around 2 per cent, while the Nifty Private Bank index dropped 0.8 per cent. Vinod Nair, head of research at Geojit Financial Services, said: “Upstream companies are … [Read more...] about Sensex Gains 16 pts, Nifty Settles Near 15,850 Amid Volatility; Oil India Rallies 6%

Kim Byung-yeon The author, a professor of economics, is the director of the Institute of the National Future Strategy at Seoul National University. János Kornai, a Hungarian economist and emeritus professor at Harvard University, had been a top expert in socialist economies. He coined the term “shortage economy” in planned economies, reasoning that the excess concentration of government power leads to supply shortages and stagnation in technological development. Since the government pressures enterprises to achieve their target output, they are only interested in having enough supplies for output and have less interest in innovation. He settled in the U.S. after leaving his country at his mid-50s after working as a visiting professor at the Institute of Advance Study at Princeton University. Even as the institute paid for his research, it had not set a timetable for the progress and completion or specified any obligation to deliver the results in the contract. Such liberalism … [Read more...] about Dangers of centralized control

WASHINGTON, June 22 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell said Wednesday that the central bank is trying to bring inflation down without inflicting too much damage, but the Fed's aggressive rate hikes could tip the U.S. economy into recession. "We are strongly committed to bringing inflation back down, and we are moving expeditiously to do so," Powell told lawmakers at a hearing held by the Senate Committee on Banking, Housing, and Urban Affairs. "My colleagues and I are acutely aware that high inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation," said the Fed chair, noting that the central bank is highly attentive to the risks of high inflation. Over the 12 months ending in April, total personal consumption expenditures (PCE) prices rose 6.3 percent; excluding the volatile food and energy categories, core PCE prices rose 4.9 percent. The consumer price index (CPI) … [Read more...] about U.S. Fed chief says recession is “certainly a possibility”

A mechanic has smashed the world record for most pushups in an hour — a staggering 3,182. Daniel Scali, 28, took on the Herculean task in April and surpassed the previous best of 3,054. His total has been officially confirmed and becomes the second Guinness World Record he has to his name. Scali, from Australia, also holds the record for the longest time spent in the abdominal plank position, recording 9 hours and 30 minutes in August 2021. And, incredibly, he has done all this while suffering from a condition that can cause excruciating pain. Scali, from Henley Beach, said: "I suffer from a condition called Complex Regional Pain Syndrome (CRPS) which I've had since I was 12. "CRPS is rated 42 out of 50 on the McGill Pain Index. To put that in perspective, child birth is rated at 40. "It developed when I broke my arm in a bad accident, and it's virtually my brain telling my left arm that there's pain there. "Anything from a soft touch, wind, or a slight movement can … [Read more...] about Mechanic smashes world record for most pushups in 1 hour

At a time when the market looks destined to head towards the bear zone, how should you go about picking stocks when several quality stocks are lying alone at 52-week lows? The S&P BSE Sensex Index has fallen more than 15 per cent from its October high, nearing the 20 per cent loss that denotes a bear market. The selloff comes as climbing costs and a record plunge in the rupee have forced the nation’s central bank to join global peers in raising interest rates. The Indian stock market’s value is already down nearly 20 per cent from its January peak of about $3.7 trillion dollars. The unsupportive economic backdrop combined with an unprecedented exodus of foreign investors and earnings estimates that appear poised to tumble cloud the outlook for a rebound. In such a situation, with no signs of relief anytime soon, investors are confused on where to invest. Here are 5 short-term recommendations from Siddharth Sedani – vice president, Equity Advisory, Anand Rathi Shares, and … [Read more...] about 5 Stocks To Buy For Up To 26% Returns in Short Term Amid Volatile Markets

I’m a few chapters from finishing one of the most compelling books I’ve read in years and I’ve never been more convinced of our desperate need to challenge the thriving patriarchy in everything we do. Caroline Criado Perez’s Invisible Women: Exposing Data Bias in a World Designed for Men, in the most methodically candid manner, does exactly what its title claims. Using a smorgasbord of examples, the author spells out the brutal extent to which the communities we procreate, live, work and die in are designed to favour men and disadvantage women almost without exception. And in the vast majority of cases, no one's even aware that it's happening. Criado Perez’s theses, though often built around powerful anecdotes, are all anchored meticulously in hard data. Figures on the dimensions of a smart phone, the schedule of a snowplough, the weight of an army pack, the floor space of a public toilet and the toxicity of nail polish remover all help to tell the bleak, enraging story of a … [Read more...] about More women would follow MacKenzie Bezos by donating their fortunes. Too bad they can’t make it rich

Cryptocurrency Price Today: All major crypto coins including Bitcoin, Ethereum and Solana continued to extend their gains for the third consecutive day as the situation finally gained pace. Cryptocurrencies have not had a great year so far, with the global crypto market erasing most of its 2021 gains and sliding back below the $1 trillion levels earlier this month after a market crash. Since three days, however, it is slowly inching upwards to gain back that level. On Saturday, June 25, the global cryptocurrency market rose by 2.67 per cent in the last 24 hours to stand at $954.13 billion at the time of writing this article, as per data. “The Indian Crypto market continued to rise, by 3.67 per cent in 24 hours as of 4 PM, Friday, data from Crypto Rupee Index, CRE8, show. The index has again out-performed global crypto markets that are up by 3 per cent in the last 24hrs, reaching a total market capitalisation of $988bn. Layer 1 protocol tokens have witnessed brisk buying with ETH and … [Read more...] about Cryptocurrency Price Today: Bitcoin Price Over $21,000, Ether, Solana in Green; Full List

The Congress-led UDF opposition and the BJP slammed the LDF government over the 6.6 per cent hike in power tariffs, as announced by the Kerala State Electricity Regulatory Commission a day ago, saying that it was a huge financial blow to the public which was already facing rising fuel and commodity prices. Leader of Opposition (LoP) in the state assembly V D Satheesan, speaking to reporters in Kochi, said the power tariff hike comes a month after the state government had increased bus, auto and taxi fares. He said the debts incurred by the Kerala State Electricity Board (KSEB) were allegedly due to corruption in its various projects as well as its mismanagement and this financial burden was now being transferred on to the shoulders of the general public. Satheesan said that instead of the state government controlling or avoiding its unnecessary and extravagant expenses, it was for no reason imposing a huge financial burden on the common man. BJP state president K Surendran also … [Read more...] about Congress-led UDF, BJP Slam LDF Govt Over Power Tariff Hike in Kerala