Wall Street Week Ahead: A blazing U.S. stock rally faces market’s toughest month

2019年2月26日 0 Comments

A rally in which U.S. stocks have doubled from post-pandemic lows is about to enter the year September has been the worst month of the year for the SP 500, with the benchmark index falling an average of 0.56% since 1945, according to Sam Stovall, chief investment strategist at CFRA. The SP has advanced only 45% of the time in September, the lowest rate of any month, CFRA This time around, stocks have momentum on their side. The SP 500 notched its 52nd record closing high of the year on Friday and has gained 20% so far in 2021, having gone 287 calendar days without a pullback of 5% or more. That type of performance has signaled comparatively strong returns in the past. The index has gone on to deliver a median gain of 5.2% for the rest of the year during years when it made 30 or more new highs through August, according to data from LPL Financial. That compares with a median gain of 3.6% for all years, the firms data showed. A speech by Fed Chair Jerome Powell on Friday helped allay concerns that the central bank will pull back too soon on the $120 billion in monthly government bond buying that has helped buoy markets, pushing the SP to fresh records. Still, signs of caution have been growing in some corners of the market, fueled in part by rising coronavirus cases across the country and uncertainty over how quickly the Fed will tighten monetary policy once it begins its taper. With worries over the Delta variant looming, to continue to question the rally because of seasonality makes sense, said JJ Kinahan, chief market strategist at TD Ameritrade. While major indexes stand near fresh highs, many stocks have been left behind. Tuesday marked the first time in nearly seven years that the SP 500 hit a closing high while a 10-day total showed more stocks on the New York Stock Exchange and Nasdaq making 52-week lows than making 52-week highs, according to Willie Delwiche, an investment strategist with market research firm All Star Charts. Investors have also been cutting back on leverage, with margin debt dropping 4.3% to $844 billion in July even as the SP advanced more than 2%, according to data from BofA Global Research. The SP 500 has been lower 71% of the time one year after a peak in margin debt has been reached, the bank Net leverage among hedge funds, meanwhile, stood at 50% at the start of the third quarter compared with 58% late last year, according to a Goldman Sachs report. Though the market A Reuters poll this week showed strategists believe the SP 500 is likely to end 2021 not far from its current level. A window into how the Delta variant has rippled through the economy will come next Friday, with the release of the U.S. jobs report for August, following recent weak readings on consumer sentiment and retail sales. The seven-day average of new reported cases reached about 155,000, the highest in about seven months, Reuters data through Thursday showed. When I sift through the noise . that Still, there is plenty of support for the view that equities are likely to continue grinding higher into the end of the year. BofA Securities said buybacks from corporate clients last week hit their highest level since mid-March, a potential source of support for stocks. Those were led by financials, which notched their highest weekly buybacks since 2010, BofA wrote. Some investors remain ready to jump on any downswings brought on by higher volatility in the coming weeks. If we do see a pullback in September, I would definitely be telling our clients, take this as a buying opportunity, said Janasiewicz.

Mobile phone export jumps over three-fold to Rs 4,300 cr in Jun quarter: ICEA

2019年2月19日 0 Comments

India Mobile phones He added that despite the second COVID-19 wave, the industry has made significant progress in manufacturing and exports, backed by the government Mohindroo said electronic goods This is at an all-time low since 2014-15, Mohindroo also said the industry is showing impressive growth defying all the odds during these difficult times, and is on a path of regaining the momentum as envisaged in the National Policy on Electronics 2019. According to the ICEA data, imports of laptops and tablets saw over 50 per cent jump to Rs 10,000 crore during the June 2021 quarter, compared with over Rs 6,000 crore in 2020-21.

Covid-19 or Dengue-Malaria? Here’s how to differentiate between vector-borne diseases and pandemic causing virus

2019年2月19日 0 Comments

Monsoons bring with it tons of vector-borne infectious diseases that become a grave concern for the healthcare system. Cases of malaria and dengue are at rising. Delhi this year witnessed the highest number of dengue cases compared to the last three years. Both dengue and malaria are spread through vector-borne diseases that spread through mosquitos But some of the symptoms of these common monsoon diseases overlap with the novel coronavirus causing Covid-19. Here What causes Covid-19 and Malaria\/Dengue Covid-19 is transmitted through droplets in the air carrying the SARS-Cov-2 virus. It is a respiratory illness that targets the lungs first. It is highly contagious in nature. Dengue and malaria on the other hand are tropical illnesses that occur during season change. As for dengue and malaria, their menace is mostly during season change. Dengue virus is responsible for the disease. The virus responsible for the disease is the dengue virus and can be spread by bites of the Aedes mosquito. Malaria is transmitted through a parasite called Plasmodium that can be b spread through a bite of a female anopheles mosquito. Malaria on the other hand is transmitted through a parasite called Plasmodium spread through Anopheles female Anopheles mosquito. Symptoms that are common in Covid-19, malaria, and dengue Rising fever, cough, chills, sore throat, cold, headache, difficulty breathing, intense fatigue, myalgia, and weakness are some of the symptoms of Covid-19 that are also present in dengue and malaria. How to differentiate Covid-19 from malaria and dengue Loss of taste and smell is restricted to Covid-19 Signs of inflammation in the upper respiratory tract Cough throat irritation, change in voice do not occur for dengue and malaria patients Gastrointestinal symptoms like diarrhea and nausea are common in dengue and malaria not always in Covid-19 Chest pain, shortness of breath, breathing issues are not associated with malaria and dengue. One of the primary symptoms of dengue and malaria is headache, which is not the case with Covid-19 Malaria and dengue require a longer onset period and the first symptoms can start showing as late as 22 to 25 days. In Covid -19, however, the symptoms might occur in 2-3 days post contraction. For most in 14 days.

Aditya Birla Sun Life Insurance cuts premium rates by 15% on term plan with sum assured upto Rs 3 crore

2019年2月19日 0 Comments

Aditya Birla Sun Life Insurance (ABSLI) has announced a reduction in the premium rates in ABSLI DigiShield Plan by up to 15 per cent, making it one of the most competitive offerings in the term insurance space. This plan caters to the unique protection needs of customers and can be personalized to suit specific protection needs. ABSLI DigiShield plan allows a customer to enjoy a guaranteed recurring income starting from age 60 years through the Survival Benefit Option. Further, it provides the flexibility to reduce the sum assured at pre-defined retirement age, allowing customers to align their cover as per their outstanding liabilities and the life stage. This plan offers flexibility to cater to one Commenting on the premium price reduction of ABSLI DigiShield Plan, Kamlesh Rao, MD CEO, Aditya Birla Sun Life Insurance, said, We have been meticulously observing the pandemic experience before making any price revisions in our products. With a rise in demand for term plans, we have consciously announced reduction in premium for ABSLI DigiShield Plan, a hyper-personalized term plan offering, to suit our customer We urge customers to take benefit of this reduced premium pricing of this holistic term plan, providing financial protection for self and loved ones, he added. This plan also provides various premium payment terms, policy tenures and death benefit pay-out options to satisfy unique customer requirements. This holistic plan mitigates liabilities, provides protection to loved ones, and supports retirement and legacy goals.

Army selection board clears way for promoting 5 women officers to Colonel rank

2019年2月19日 0 Comments

An Army selection board has cleared the way for promotion of five women officers to Colonel rank after they completed 26 years of reckonable service, the Defence Ministry said on Monday. This is the first time that women officers serving with the Corps of Signals, Corps of Electronic and Mechanical Engineers (EME) and the Corps of Engineers have been approved to the rank of Colonel, the ministry said. A Selection Board of the Indian Army cleared the way for the promotion of five women officers to Colonel (Time Scale) rank, post completion of 26 years of reckonable service, it said in a statement. Previously, promotion to the rank of Colonel was only applicable for women officers in the Army Medical Corps (AMC), Judge Advocate General (JAG) and the Army Education Corps (AEC). The five women officers selected for Colonel Time Scale rank are Lt Col Sangeeta Sardana from the Corps of Signals, Lt Col Sonia Anand and Lt Col Navneet Duggal from the Corps of EME, and Lt Col Reenu Khanna and Lt Col Ritcha Sagar from the Corps of Engineers. The move to grant Colonel rank to five women officers came days after the Supreme Court allowed women candidates to sit for the National Defence Academy (NDA) entrance exam scheduled to be held on September 5, in an interim order. The widening of promotion avenues to more branches of the Indian Army is a sign of increasing career opportunities for women officers, the ministry said. Combined with the decision to grant permanent commission to women officers from a majority of branches of the Indian Army, this step defines the Indian Armys approach towards a gender-neutral Army, it said.

Quota conundrum: Clarity needed on creamy layer definition

2019年2月19日 0 Comments

The Supreme Court The apex court, on Tuesday, held that people with It also said that social advancement, higher employment in government services, etc, played an equal role in deciding Can, then, an OBC household with significant income argue that a lack of Given how difficult that would be to define, the better solution, of course, is to rely on an economic criterion for exclusion from quotas. With creamy-layer income-threshold (currently at Rs 8 lakh annually) up for revision A Rs 12 lakh A whopping 80% of the country The apex court needs to be cognisant of the effect of competitive quota politics. If the political current that is gathering momentum sweeps away the 50% cap on overall quotas instituted by the Indra Sawhney judgment, merit will suffer a body blow in the country. Against such a backdrop, anything that lends to more quota claims needs to be avoided. While the political class doesn There have been many problematic judgments in the past Indeed, in Ajay Kumar Singh, the Court even deemed post-graduate medical courses as In KL Narasimhan, it demolished the concept of marks as a metric of merit; the Karnataka High Court took this a step further in June 2019, in the case of reservation in promotions. For India to make the progress that it needs in fourth industrial revolution, reservations have to be kept sharply targeted, if not done away with altogether, to benefit those who need these the most. The judiciary, as also the others, have to ensure that we don

States asked to vaccinate all school teachers on priority before Teachers’ Day

2019年2月12日 0 Comments

Union Health Minister Mansukh Mandaviya on Wednesday said more than two crore additional COVID-19 vaccine doses are being made available to states this month, and they have been asked to vaccinate all school teachers on priority before Teachers Day on September 5. In addition to the plan to provide vaccines to every state this month, more than 2 crore vaccine doses are being made available. We have requested all the states to try to vaccinate all school teachers on priority before Teachers Day, which is celebrated on 5th September, he said in a tweet in Hindi. Schools across the country were closed in March last year ahead of a nationwide lockdown to contain the spread of novel coronavirus infection. The Centre had allowed reopening of schools as per the COVID-19 situation in October last year. While several states began partial reopening of schools, there was a complete closure again in April when an aggressive second wave of COVID-19 hit the country. With the improvement in the COVID-19 situation, several states have begun reopening schools now even as concerns have been expressed over the staff and teachers not being completely vaccinated.

The rising cost of luxury: Prices of expensive homes, cars, goods compared to 2010 levels

2019年2月12日 0 Comments

The year 2020 witnessed the biggest economic disruption of the last decade. Companies were shut down due to an unexpected Covid-induced lockdown. Hundreds of thousands of employees across the country were left jobless while many others faced salary cuts. Yet these disruptions didnt halt the forward march of the luxury sector. Retail inflation in the country for FY 2021-22 is expected to be 5.7 percent, as per RBI. Average inflation in the country has remained around 6 percent since 2010. At this rate, prices of most of the goods and services have nearly doubled since 2010. Even a quick compound interest calculation shows an item priced Rs 1,000 in 2010 would now have increased by 89.8 percent to approx. Rs 1,898. However, in the luxury sector, you can see in the following infographics that prices of several goods, housing units, and cars have more than doubled, and in some cases even more than tripled since 2010. Despite the pandemic and subsequent slowdown of the economy, the markets for luxury goods, houses, and cars are growing at a good pace in the country. The luxury market growth is also reflective of the rising wealth of Indians. According to the Hurun India Rich List 2021, the country added 40 more billionaires in one year. The year witnessed the biggest wealth increase of the last decade as eight new dollar billionaires were added every week! The Luxury Goods market revenue in 2021 is Rs 445,235 million and the market is expected to grow by 10.99 percent every year during 2021-2025, according to Statista. Luxury Housing prices Prices of luxury houses have almost doubled in major cities. As per Anarock Research, the top luxury destinations across major metros have seen significant growth in average property prices in the last decade and more between 2010 and 2021. This growth is anywhere between 25 percent to 162 percent. Anuj Puri, Chairman, Anarock Property Consultants, told FE Online, The fact remains that even as India Just as in the rest of the world, super-luxury housing in India remains largely insulated from median real estate and economic dynamics. Buyers in this housing category, coming from both The country A report by real estate analytics platform PropEquity recently said the luxury housing sales in February 2021 went up by 21 percent to 8219 units with the Delhi-NCR region being the biggest beneficiary. Even cities like Chennai, Kolkata, Mumbai Metropolitan Region, and Pune witnessed significant jumps in the sale of luxury housing units. Prices of luxury houses have almost doubled in major cities. Currently, the average price of the property in South Mumbai is Rs 40,000 to Rs 60,000 per square foot. Luxury housing demand and prices have also grown in other cities like Delhi, Bengaluru and Chennai. Luxury Car Prices There was a dip in luxury car sales from 40,637 units in FY 2020 to 19,781 units in FY 2021, mainly due to the pandemic. However, it has grown from 2010 levels when the luxury car market was pegged at 15,000 units. In fact, along with a growth in sales, the prices of popular luxury cars in India have seen massive growth in the last 10 years. Heres a look at how prices of some of the iconic luxury cars have grown since 2010: The iconic Land Rover Range Rover, which was selling for between Rs 94.5 lakh and Rs 2.75 crore, is now being sold for Rs 2.1 crore to Rs 4.38 crore. Similarly, the price of a Rolls Royce Ghost has grown by 218% from Rs 2.5 crore in 2009 to Rs 7.95 crore in 2021. Luxury Goods prices Luxury Goods are costlier than ever. As you can see in the infographic below, the price of the then latest version of iPhone in 2010 was just Rs 34,500. Compare this to the latest iPhone in 2021 (iPhone 12 Pro) priced at over Rs 1 lakh! There is a nearly 200 percent jump in the price of some of the latest iPhone versions since 2010. The price of Gold has jumped from Rs 18,500 per 10 gram in 2010 to Rs 47,950 per 10 gram in 2021. Recently, you may have read about a cotton Indian kurta sold by Gucci for Rs 2.5 lakh. The average price of Gucci Loafers was $495 in 2010. Of course, the weakening of the rupee also plays a part. Back then, one US dollar was worth just around Rs 45.73. Now it costs over Rs 73. And the average price of Gucci loafers has gone up to $800! Interestingly, according to the Delhi State Industrial and Infrastructure Development Corporation Limited (DSIIDC), there has not been much change in the prices of foreign liquor in Delhi since 2010. Respective price lists of DSIIDC for 2010 and 2021 show the same price of Glenlivet Single Malt 12 year old scotch at Rs 3,500 (750ML). While the price of 750 ML Johnnie Walker Blue Label scotch in 2010 was Rs 16,200. It has increased marginally to Rs 16,410 in 2021. Some small mercies for tipplers!

‘Miyawaki-style urban forest’ to come up at heart of Mumbai in association with BMC and Rotary Club

2019年2月12日 0 Comments

CPRS Greens will get a Miyawaki-style Urban Forest and Nakshatra Garden in collaboration with the Rotary Club of Bombay and the Brihanmumbai Municipal Corporation. Over 1,000 samplings were planted at the garden that will be managed by Cuffe Parade Resident The BMC Deputy commissioner Vijay Balamwar present at the inauguration ceremony lauded the plantation drive and urged other organizations to come up with similar drives to increase the greenery of Mumbai. RCB president Shernaz Vakil present there also reiterated the commitments of the environment and efforts of the club. CPRA president Aditi Jain is hopeful that bees, oxygen, birds, and butterflies for residents in the area. The urban forest being built is dedicated to the memory of late Kausalya Srinivasan and Seetha Narayan, longtime residents of the area. The Japanese technique of Miyawaki named after botanist Akira Miyawaki is a practice in which small plots of land are turned into a tiny forest and the tress are planted close to each other. The Nakshatra Garden combines Ayurveda, botany, astrology, and landscaping In the technique, the plant growth is 10 times faster than the resulting plantation and 30 times denser. Dozens of native plants are planted in the same area and after three years the garden becomes maintenance-free.

Sensex, Nifty end with gains on Friday; here’s what experts make of today’s trade

2019年2月12日 0 Comments

Bulls were back in control on Dalal Street as domestic benchmark indices started the September FO series with gains. SP BSE Sensex ended 0.31% higher at 56,124 while the NSE Nifty 50 hit an all-time high of 16,722 but failed to hold those levels and closed the day at 16,705. Ultratech Cement was up 3.64% as the top Sensex gainer, followed by LT, Dr Reddys, Bajaj Finserv, and Sun Pharma. On the other end of the table, Infosys was down 1.07% as the top laggard, followed by IndusInd Bank and MM. Bank Nifty closed flat with a positive bias at 35,627. Broader markets outperformed the benchmark indices with the Nifty Smallcap 50 gaining 1% and Nifty Midcap 50 up 0.91%. For now the stop loss level for the Nifty stands at 16400 but the same shall be updated on Monday. Mid and small-cap stocks continued their outperformance while recovery in the Metal and Pharma sectors guided them to be the sectoral leaders. Globally, markets are awaiting comments from the Fed chair on the US economy and clarity on its future policy changes. Moreover, the Index has been trading above 2150 DMA, which suggests strength for the upside. Momentum Indicator MACD is also showing positive crossover on daily time frame which further adds strength in the index. At present, the nifty index has immediate resistance at 16730 levels while downside support shifted up to 16500 levels. It closed at 16990 up by 55 points after making a high of 16722. Volumes in Nifty were lesser than its average volumes which brings in a possibility of a correction. Nifty has strong support in 16550-16580 range. The trend in Nifty remains bullish and any correction can be used to buy with strict stop loss. on hourly chart it seems index has given a breakout from its cup and handle pattern which is again a bullish continuation pattern by nature which hints if we managed to sustain above 16600 zone on closing basis we are good to touch 17k mark on the higher side, immediate support is formed near 16650-16600 zone resistance is coming near 16800 zone.\u201d