With the storm raging in the Indian equity space through the past six to nine months, the benchmark indices have gone into a tailspin. The market is singed by an unabated flight of capital by foreign portfolio investors, economic challenges, and geopolitical uncertainties. The benchmarks are trailing more than 16 percent from their all-time highs scaled in October 2021. The 30-share BSE Sensex has lost close to 16 percent from its peak while the widely tracked Nifty 50 has tumbled nearly 18 percent from its all-time high. So far in 2022, the Nifty 500 index lost 12 percent, while the BSE Sensex and Nifty 50 have declined nearly 10 percent each. The kind of beating suffered by stocks across sectors can be gauged from the fact that more than 85 percent of them from the universe of BSE 500, which is a collection of biggest companies in the country, are trading well below their 200-day moving average (DMA). Now what is this 200 DMA and what does it indicate? Close … [Read more...] about As 85% stocks from BSE 500 trade below 200-day average, experts advise caution
Stock prices fluctuate from day to day because of
Gold Prices Today: Experts see range-bound movement in yellow metal; support around Rs 50,200
Representative Image Gold prices eased on Wednesday in the international markets as the dollar firmed up, although bullion still traded in a narrow range as investors awaited fresh cues from top central banks on their monetary policy plans, especially from the US Federal Reserve. Spot gold fell 0.3 percent to $1,827.03 per ounce by 0231 GMT, extending losses to a fourth straight session. US gold futures dropped 0.6 percent to $1,828.10. At 9.33am, gold contracts were trading 0.33 percent lower at Rs 50,595 for 10 grams on the Multi-Commodity Exchange ( MCX ), while silver was down 1.3 percent to Rs 60,476 a kilogram. Gold prices traded weak on Wednesday with spot gold prices at COMEX were trading 0.31 percent down near $1,828 per ounce in the morning trade. Gold prices fluctuated below $1840 per ounce struggling to find a way on stronger dollar despite of weaker bond yields. The market sentiments are mixed over recession worries and aggressive Fed stance, said Tapan … [Read more...] about Gold Prices Today: Experts see range-bound movement in yellow metal; support around Rs 50,200
Bruised US stock investors brace for more pain in 2H22
- A + A NEW YORK (June 25): With US stocks on track to mark their worst first half of the year in more than 50 years, investors are studying a range of metrics to determine whether the coming months could bring relief or more of the same. By any stretch, the first half of 2022 (1H22) has been a challenging one for investors. The S&P 500 is down around 18% year-to-date, on track for its worst first half of any year since 1970, according to S&P Dow Jones Indices, as the US Federal Reserve (Fed) tightens monetary policy in its fight against the highest inflation in decades. Bonds, which investors typically count on to counterbalance stock declines in their portfolios, have fared little better: The US bond market, as measured by the Vanguard Total Bond Market Index fund, is down 10.8% for the year to date, putting it on pace for its worst performance in modern history. With investor expectations fluctuating between continued high inflation and an economic … [Read more...] about Bruised US stock investors brace for more pain in 2H22
Ministry monitoring fuel cost increase
- A + A JERTIH (June 23): The Ministry of Agriculture and Food Industries is always monitoring the price of fuel including diesel to ensure that any price increase of the commodity will not affect the country’s food sector, especially the fishery sub-sector. Agriculture and Food Industries Minister, Datuk Seri Dr Ronald Kiandee, however, said, the fuel for use by Class A, B and C fishermen has been subsidised by the government since 2006. He was speaking to reporters after officiating at the state-level Farmers, Livestock Breeders and Fishermen’s Day celebration at Dataran Pekan Jabi here on Thursday. Meanwhile, he said the fish supply stock in the country is currently sufficient although it depends on the weather situation. Asked on the uncertain prices of seafood, he said this is a normal situation as it depends on demand and supply factors. “Sometimes, there’s an over-supply of fish and at other times, there's a slight drop, resulting in price fluctuations … [Read more...] about Ministry monitoring fuel cost increase
Opinion: The baby formula crisis has robbed me of the most blessed time with my daughter
Julia Callahan lives in Macon, Georgia with her fiancé and their two children. The opinions expressed in this commentary are her own. Read more opinion at CNN. (CNN) President Joe Biden said this week that a massive shipment of infant formula is being flown into the United States from Switzerland. Meanwhile, Abbott Laboratories announced it will import baby formula from its Spanish facilities this month to boost supplies of its product in the United States. Weeks into the crisis over the infant formula shortage, it seems as if emergency measures to make up the shortfall are announced with regularity. And still, the grocery store aisles in Macon, Georgia -- the small city where I live and buy my newborn's formula -- are as empty as ever. Julia Callahan. The birth of my baby three months ago should have been one of the happiest times of my life. Instead, the months that have followed the arrival of my daughter, Berlin, have been filled with anxiety, as I … [Read more...] about Opinion: The baby formula crisis has robbed me of the most blessed time with my daughter