Posts

Bangladesh Protests: A look back at the civil unrest in 10 key points

  Civil unrest in the nation has been flaring up, resulting in at least 100 deaths in recent clashes, including 14 police officers, raising the total death toll since the protests began in July to at least 283, with estimates potentially higher. August 05, 2024 / 09:47 IST The protests, which began in July, have been fueled by demands for Prime Minister Sheikh Hasina to resign, and the recent violence has been particularly devastating. The protests, which began in July, have been fueled by demands for Prime Minister Sheikh Hasina to resign, and the recent violence has been particularly devastating. Bangladesh saw one of its deadliest days of unrest on August 4 as hundreds of thousands of protesters clashed with government supporters, calling for Prime Minister Sheikh Hasina to step down. The violence has intensified, with at least 100 people killed in the latest confrontations, including 14 police officers. This brings the total death toll since the protests began in July to at lea...
Post a Comment
Read more

reasons why Sensex, Nifty may see selloff today; stock market outlook & more

  Benchmark indices are bracing for a gap-down opening on Monday morning, taking cues from global markets such as Japan, South Korea and Australia that tumble up to 6 per cent amid concerns the US economy was headed towards a recession. Besides, there were fears over the escalating war in the Middle East, with Israel bracing for an attack from the Islamic Republic and the Lebanese Iran-supported Hezbollah, as Iran reportedly rejected attempts by the US and Arab nations to de-escalate tensions. Add to that are fears of FPI outflows from India, as the country was the best performing major market in July (4 per cent return), and that the MSCI India Index (up 37 per cent) has significantly outperformed the MSCI EM Index (up 4 per cent) in the past 12 months, raising concerns over market valuations. Weak Asian markets, recession fears in the US, geopolitical concerns, the uneasiness over domestic market valuations and likely FPI outflows are five factors that may weigh on the market sen...
Post a Comment
Read more

Sensex, Nifty crash, Rs 10 lakh crore wiped out. Key factors behind D-Street rout

 Benchmark indices, Sensex and Nifty, tumbled sharply for the second consecutive session today, mirroring global market fears of a potential recession in the US economy. Investor wealth declined by Rs 10.24 lakh crore, with the market valuation dropping to Rs 446.92 lakh crore from the previous session’s Rs 457.16 lakh crore. The S&P BSE Sensex was down 1672.88 points lower at 79,309.07 at 9:15 am, while the NSE Nifty50 414.85 points to trade at 24,302.85. The market downturn was broad-based, with small and midcap stocks experiencing significant declines. Volatility surged as global market uncertainty took its toll. All major sectoral indices suffered substantial losses in realty, IT, banking, and financial services stocks. Factors behind today's stock market crash Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, highlighted US job data, which led to a global sell-off, was the key factor behind today's steep fall in Sensex and Nifty. He explaine...
Post a Comment
Read more

Nifty, Sensex bleed amid weak global cues: Here are 5 factors that dampen sentiment

  Investors were looking towards the earnings season, the Budget, and the US Federal Reserve to provide further cues to the markets. However, with all of these completed, the markets are lacking any fresh triggers that could drive momentum. August 05, 2024 / 09:52 IST Any escalation in the Middle East would send oil prices surging. Any escalation in the Middle East would send oil prices surging. Benchmark indices Nifty and Sensex were off a to weak start on the bourses, extending losses for the second session in a row after weak global cues and recessionary fears dented sentiment across sectors. ADVERTISEMENT moneycontrol_IN_30.05.2024 At open, the Sensex was down 1,273.99 points or 1.57 percent at 79,707.96, and the Nifty was down 378.00 points or 1.53 percent at 24,339.70. About 439 shares advanced, 2362 shares declined, and 158 shares unchanged. To be sure, US futures were deep in the red with Nasdaq futures down over 2 percent while the Nasdaq entered the correction territory a...
Post a Comment
Read more

The middle class: moved away from BJP, now upset with Budget: Data

 The middle class seems upset with the Union Budget, presented on July 23. Many said that the government did not provide them any relief. The middle class constitutes nearly 31% of India’s population. Not many Budgets paid a great deal of attention to the demands and needs of the middle class either. But given the shift of the middle class away from the Bharatiya Janata Party (BJP) in the 2024 Lok Sabha elections, this section, which has been the backbone of the BJP for decades, perhaps hoped that it would be offered more in the Budget. The Finance Minister acknowledged the challenges of the middle class and emphasised the government’s efforts to provide relief through tax adjustments despite limitations. Tax is a major concern for the middle class; most taxpayers belong to the middle class. Also read | Budget 2024-25: A look at the sector-wise allocations in ten charts Budgetary provisions The proposed increase in Long Term Capital Gains (LTCG) tax from 10% to 12.5% and Short Term...
Post a Comment
Read more