Thursday, October 01
Asia, the largest continent in the world with around 60 per cent of the global population, is now warming nearly twice as fast as the global average, according to a report released on Monday. The sea surface in Asia is also warming at nearly double the global average over the past decades, said the World Meteorological Organization's "State of the Climate in Asia in 2024" report. "In the two most recent subperiods (1961-1990 and 1991-2024), Asia, the continent with the largest land mass, extending to the Arctic, has warmed faster than the global land and ocean average," the report said. In 2024, the average temperature in Asia was about 1.04 degrees Celsius above the 1991-2020 average, making it either the warmest or second warmest year on record, depending on the dataset. Many parts of th
Following Friday’s rally, Nifty now faces a crucial test near 25,200. Analysts say a sustained move above this level could pave the way for a further rise toward 25,700–25,900, but also caution that geopolitical uncertainties may continue to inject volatility into the markets. On the downside, support at 24,500 remains crucial with stock-specific action in banks, midcaps, and select names like M&M, BEL, and CAMS offering trading opportunities.RUCHIT JAIN VICE PRESIDENT, MOTILAL OSWAL FINANCIAL SERVICESWhere is Nifty headed this week? Geopolitical tensions have led to a consolidation phase in Indian markets over the past month. However, this appears to be a time-wise corrective phase within an uptrend, with Nifty holding above its support zone of 24,500– 24,450—a crucial near-te
Mumbai : Fast-moving consumer goods, power, consumer durables, and information technology were the sectors that saw the highest selloff by overseas funds in the first-half of June, according to data from NSDL. The fast-moving consumer goods (FMCG) sector witnessed the highest outflows at ₹3,626 crore, after receiving inflows worth ₹815 crore in May. Between January and May, the sector saw selling worth over ₹14,000 crore."Continuing with the trend seen in the first quarter of this calendar year, FMCG companies saw foreign selling and preference for rate-sensitives and beta plays were the few reasons driving this trend," said Sriram Velayudhan, senior vice president, IIFL Capital. "Foreign investors are looking for better opportunities across sectors."Foreign investors extended their
Gold price fell by Rs 160 to Rs 99,800 per 10 grams in the national capital on Monday due to continuous selling by jewellers and stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 99,960 per 10 grams on Friday. Gold of 99.5 per cent purity depreciated by Rs 150 to Rs 99,100 per 10 grams (inclusive of all taxes). It had settled at Rs 99,250 per 10 grams in the previous market close. However, silver traded flat at Rs 1,05,200 per kilogram (inclusive of all taxes) on Monday. On the global front, spot gold went lower marginally to USD 3,365.40 per ounce. "Gold briefly surged to USD 3,413.80 per ounce on Monday but has since pulled back, as investors await Iran's response following US participation in the air strikes on Tehran,"
