“It’s always tragic when people run off with half information and don’t really have the truth set up in front of them,” Clint Eastwood said in a rare interview with the Associated Press this week. “The press is sometimes in a hurry because there’s so much competition to be the first to do something.” advertisement advertisement The director is referring in his quote to the catastrophe that befell Richard Jewell, the security guard who saved many lives from a domestic terrorist attack at the 1996 Olympics in Atlanta before being wrongfully accused of the crime himself. A journalist from the Atlanta Journal-Constitution, Kathy Scruggs, reported that the hero was actually a suspect—before Jewell was even made aware he was under investigation. Ultimately, it would take nearly three months before he was able to clear his name. The irony, however, is that despite Eastwood’s stated disdain for those who might “run off … [Read more...] about Clint Eastwood’s ‘Richard Jewell’ uses national hostility toward media (and women) to its advantage
Hostile terrain 94
The 30-share BSE Sensex was up 30.17 points at 33,626.97 and the 50-share NSE Nifty rose 6.40 points to 10,331.60 while both benchmark indices rallied 2 percent each for the week. The Nifty made a Doji-type pattern on the daily chart, while a bullish candle for the weekly charts as of April 6.On a weekly basis, the BSE Sensex registered a gain of 658.29 points, or 1.99 percent while the NSE Nifty rose 217.90 points, or 2.15 percent.The Implied Volatility (IV) of calls was down and closed at 13.22 percent while that for put options closed at 13.71 percent. The Nifty VIX for the week closed at 14.8 percent and is expected to remain sideways, an SMC report said.Close Across the US markets, the Dow Jones industrial average fell 572.46 points to 23,932.76, while the S&P 500 declined 2.2 percent to 2,604.47 dragged by industrials and the Nasdaq composite dropped 2.3 percent to close at 6,915.11, after the US Federal Reserve indicated that it would continue hiking rates this year. … [Read more...] about Global weekly wrap: Despite US-China trade war, Sensex, Nifty gain 2%; trade deficit drags US markets
Ujjivan Small Finance Bank, the subsidiary of microfinance lender Ujjivan Financial Services started its first trade at Rs 58 on the Bombay Stock Exchange on December 12.The stock listed with a premium of 56.75 percent over the issue price of Rs 37 per share.The premium was warranted considering the tremendous response to the Rs 750-crore public issue and improvement in earnings along with asset quality in April-September 2019 against previous years, experts feel.Close "Premium listing was justified as the issue was well priced with attractive valuation when compared to other listed small bank peers which are trading higher price-to-book value, leaving something on table to the IPO investors. Better asset quality and experienced management with pan-India presence provided comforts to investors at the time of subscription," Prashanth Tapse, AVP Research at Mehta Equities told Moneycontrol. related news Ujjivan Small Finance Bank IPO: Analysts expect 50% listing premium … [Read more...] about Robust listing: Ujjivan Small Finance Bank debuts with 56% premium at Rs 58
Ujjivan Small Finance Bank listed with a massive 56 percent premium over its issue price on December 12 despite volatility in the market.The stock touched an intraday high of Rs 62.8 on the National Stock Exchange (up 70 percent) after opening at Rs 58.75 against IPO price of Rs 37. The bumper listing was on expected lines given the strong response received for the company's IPO.Combined volume on BSE and National Stock Exchange was more than 20 crore equity shares.Close Ujjivan Small Finance Bank (USFB) is a subsidiary of microfinance lender Ujjivan Financial Services. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020 Most experts are now advising investors to hold the stock for longer term on the back of good fundamentals. Though some suggest investors can do partial profit booking and hold the rest for longer term."Ujjivan SFB's … [Read more...] about Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing?
India's retail inflation rate in November stood at 5.54 percent, according to data released by the Central Statistics Office (CSO) on December 12.Retail inflation for October stood at 4.62 percent in October.Food prices, which is a gauge to measure changes in kitchen budgets, grew 10.01 percent in November, against 7.89 percent in October. Inflation rate in cereals and products stood at 3.71 percent against 2.16 percent a month ago. Vegetables inflation for November stood at 36 percent against 26 percent in October.Close Pulses and products recorded an inflation of 13.94 percent in November against 11.72 percent in October. related news Saudi Aramco hits $2 trillion market cap, defying valuation sceptics No power crisis in India: Minister In its December policy review, the Reserve Bank of India (RBI) maintained status quo, for the first time this year, on higher inflation expectations even as economic growth is likely to weaken going ahead.The RBI also revised downwards … [Read more...] about Retail inflation gallops to 5.54% in November