Sunday, December 22
The Indian market ended in red on Friday, dragged down by selling in heavyweight financial and IT stocks, as investor sentiments remained cautious after the US Federal Reserve's projection of fewer rate cuts next year, triggering foreign fund outflows.The benchmark BSE Sensex lost 1176.46 points or 1.49% to settle at 78,041.59, while the broader Nifty 50 index closed at 23,587.50, lower by 364.20 points or 1.52%.Here's how analysts read the market pulse:Commenting on the day’s action, Vinod Nair, Head of Research at Geojit Financial Services said that disappointment regarding the slower-than-anticipated rate cuts by the US Fed has adversely affected global market sentiment. “This bearish outlook is particularly impacting the domestic market, which is already contending with high valuat
Less than two months ago, shares of Tesla Inc. were on their way to just the third losing year in the electric-vehicle maker’s decade-and-a-half as a public company. But after a furious rally in the last seven weeks, the stock is suddenly among the S&P 500 Index’s best performers for 2024.What happened to trigger the turnaround? Nothing at the company, where demand for its cars is still wobbly and the future looks increasingly uncertain. Rather it was what investors regard as a political masterstroke by Tesla’s leader Elon Musk, aggressively supporting President-elect Donald Trump on the campaign trail and taking an unofficial role in his administration.“How do you put a value on the fact that Musk has deep access with the incoming administration?” said Steve Sosnick, chief s
Even as foreign investments in Indian equities remained patchy in 2024, Foreign Portfolio Investors (FPIs) were quite severe on two sectors viz. financials and oil & gas where they sold shares worth over Rs 1 lakh crore. They have been net sellers in a month on five occasions while remaining net buyers seven times.As on December 20, 2024, they had bought domestic shares worth Rs 6,770 crore.January, April, May, October and November months witnessed FPI outflows with October witnessing maximum sell-off of Rs 94,017 crore. Meanwhile in January and May, outflows of more than Rs 25,000 crore were seen. Meanwhile, highest inflows of Rs 57,724 crore were seen in September followed by March and July when FIIs purchased shares worth Rs 35,098 crore and Rs 32,365 crore, respectively.<iframe
New Delhi: Indian Railways is set to bolster its connectivity to Kashmir with the likely launch of two new trains next month.The first is a centrally heated sleeper train, not a Vande Bharat as previously speculated, that will ply between New Delhi and Srinagar. Designed for a 13- hour journey, part of which traverses snow-capped mountain landscapes and crosses the iconic 359-m-high Chenab Bridge, the train promises enhanced comfort but will not include second-class sleeper accommodations, ET has learnt.The second train is an eight-coach Vande Bharat, featuring chair car seating, tailored for the shorter Katra-Baramulla route, according to a senior railway officer familiar with the plan. This train too includes specialised features, such as silicon heating pads for water tanks to prevent f
The Air Quality Index (AQI) in the national capital remained in the 'very poor' category on Sunday, with a thin layer of fog covering parts of the city and limiting visibility.According to the Central Pollution Control Board (CPCB), the AQI was 388 at 7 am on Sunday in the national capital. On Saturday, the AQI in Delhi was recorded at 398, as per the CPCB.The Air Quality Index in several areas of the national capital was recorded as 'very poor.' The AQI was recorded 384 at ITO, 372 at Jawaharlal Nehru Stadium, DTU 354, IGI Airport (T3) 372, DU North Campus 381, at 7 am on Sunday.However, the AQI in several areas remained in the 'severe' category with 411 at Alipur, 427 at Anand Vihar, and 408 at RK Puram. An AQI between 0-50 is considered good, 51-100 is satisfactory, 101-200 is moderate,
Oleksandr Usyk won his heavyweight championship rematch against Tyson Fury by unanimous decision overnight on Saturday to stay unbeaten across two divisions and cement his place among the greats.The Ukrainian, who forced the pace and repeatedly tagged Fury with his accurate left hook, was awarded the fight 116-112 by all three judges, handing Fury his second straight loss.Usyk's win takes him to 23-0 with 14 knockouts and extends one of the all-time best careers that includes Olympic gold and undisputed champion at cruiserweight."He's a great fighter, it's a great performance," Usyk, 37, said of Fury, who was unbeaten over 35 fights until he lost their four-belt unification bout in May."Unbelievable 24 rounds for my career."Only the WBA, WBO and WBC belts were on the line this time after U
