Many stocks (Nifty 50) opened deep into the red on August 26 following US Fed chairman Jerome Powell’s hawkish stance in regards to inflation. Tech Mahindra was the top loser in the markets, followed by Infosys, HCL Tech and Wipro. TCS and Hindalco along with JSW Steel were also top losers in the markets. Of
Asian consumers optimistic about the future regarding both nation’s economy and their personal financial situation improving over the next 12 months as per the recent study. Philippines most positive on country’s economy improving within one year at 58 per cent, 23 per cent higher than the regional average of 35 per cent. It is also
Confidence is falling in the world’s largest consumer market as European companies are moving apart from their operations in China. A recent survey by European Chamber of Commerce in China states that the supply chain concerns and other disruptions in China due to the tight COVID-19 lockdown measures have pushed around 23 percent of European
Few weeks ago, when I looked at my phone under the crisp spring sun, I was taken over by panic. The cryptocurrency market had crashed; all of my investments were down significantly. After few moments, I exhaled and said, “It’s a volatile market, it will recover soon.” But till day the slump in the market
Foreign investors have pulled out more money from India this year than they brought in between 2009-2021. Foreign institutional investors (FIIs) have pulled out 2,15,000 crores in 2022 from India while in comparison of 2021, it was 91,000 crores. Experts believe that the withdrawal of capital is likely due to concerns about global economic conditions,
After days of troubling movements in Chinese equity markets, some semblance of normality seems to be returning at last to the Hang Seng and CSI300 indices. A combination of strong earnings performance from e-commerce giant Alibaba, renewed confidence in coal mining shares (with Yankuang Energies seeing a 9% rally), and outstanding performance (+13%) by locally-focused
The Hang Seng TECH Index (HSI.I) seems to be on the mend and has grown higher this Thursday morning by over 5% after an astonishing 9% increase yesterday. The Hang Seng TECH Index likewise has made a sharp turn for the better with an increase of 22%. Both came just after China’s Vice Premier Liu
The SIP industry crossed the five-crore mark in January despite market volatility. Despite a pullback in the investor flow received by equity schemes, the MF industry witnessed 26 lakh new SIPs opened in January. In the past five months, 24 lakh SIPs added in the MF industry indicated the importance of SIPs to investors. Are
New Zealand (NZ) is hit by a bad wave of inflation. According to reports New Zealand inflation rate hit 5.9 percent recently, experiencing the fastest growth rate since 1990. This is a very rapid increase as the inflation rate just in September, 2021 was at 4.9 percent. “Rising inflation leads to rising interest rates which
A new report by International Monetary Fund (IMF) shows reduced rate of global economic growth at 4.4 percent, lower than its earlier prediction of 4.9 percent. The report states that the larger than expected lockdowns in United States (U.S) and China are responsible for this reduction. “We project global economic growth this year at 4.4
