Finance as Core Value

 Test 


Comments

Post a Comment

Popular posts from this blog

Pre-Market-Snapshot- Jan 3 , 2023

Image
  Global markets traded mixed on the first trading day of the new calendar. European stocks traded higher but Asian names traded flat to negative on Monday. US markets remained shut on account of New year's holiday.    Indian stocks moved higher on Monday led by Metal/Infra stocks and heavyweights like RIL. Stocks started the day with some losses but reversed the course mid way to gain some strength on the back of strong economic data raising optimism on growth prospects of the Indian economy. Nifty closed almost 92 points higher and Sensex gained 327 points at close.  Markets may continue to consolidate ahead of key US data and presentation of Union Budget next month. Global central banks' outlook on inflation / rate action, Indian state elections outcome, Chinese COVID policy action remain key monitorables for CY 2023. Participants may continue to rotate positions amongst sectors for outperformance in near term and also watch for early trends for a positional trade...
Read more

Vehicle Scrappage Policy

Image
Talks of vehicle scrappage policy being introduced come to the surface every few months, but unfortunately, each time policy itself doesn't come to the surface. Nitin Gadkari, Minister for Highway and Transport, has stated that it can be expected to roll out within a month. He termed the policy "very important", let's find out why? With time, things get older and outdated. The same is for cars and technology used in cars, to reduce pollution and fuel consumption. If you live in Bangalore, you must have seen the old cars and buses emitting dirty black smoke. It is because the vehicle is too old. It causes more pollution and consumes more fuel. Now imagine having such trucks, buses, cars, and 2-wheelers on road, all over India. The country has to pay for more fuel plus damage to the environment.  Scrappage policy fixes the maximum number of years, say 20 years, a vehicle can be driven on the road from the date of registration or sets a cut-off on the basis of emission s...
Read more

Pre Market - Snapshot - 07-10-2021

Image
  US stocks moved higher on the expectations that Congress may reach a deal to raise debt ceiling that may prevent government default. Dow moved 0.30% higher, S&P added 0.41%, Nasdaq closed 0.47% higher reversing cuts in excess of 1% at the open. The small cap Russell 2000 underperformed with cut of close to 0.60%.  US dollar index moved higher near 94.25, 10 year traded flat near 1.53%, Cboe Vix remained at elevated levels of 21.  Crude futures saw some givebacks on profit taking, Brent corrected near 81, WTI fell to 77.  Indian stocks ended down erasing strong opening session in late hour sell-off,  Sensex lost 0.93%, Nifty ended 0.90% down. Metal, Pharma and Realty stocks were the top losers for the day. Mid cap index lost close to 1.22% but small cap index outperformed with cuts of only 0.55%.  For the day watch for weekly options expiry related moves and some stabilization towards the end of the day. Watch for RBI policy scheduled for tomorrow for ...
Read more