Various indicators point to the Indian stock market being overvalued. Analysts say that a crash following an unforeseen event would be exacerbated because of these excessive valuations.
Energy stocks rose 0.5%, led by a 1.2% gain in ONGC after the government cut windfall tax on petroleum crude to Rs 3,250 per metric ton from Rs 5,200, effective 15 June.
The stock will be included in major Indian indices, including the benchmark Nifty 50, but will not trade until it is listed, possibly in the upcoming annual general meeting.
Some industry representatives said the tax would eat into earnings despite Finance Minister Nirmala Sitharaman saying the decision was taken after consultation with states.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
Wipro and Infosys data described in the article is incorrect. Their share prices have never reached the levels you mentioned in the article. The highest Wipro reached was Rs 334 and for Infosys it was Rs 182.
Kindly verify.
People who gamble their money must have awareness about the risks involved in such investments. It is not the job of government to either educate them or excessively protect them.
I know that Infosys stock has undergone multiple splits in between the dates mentioned in the stock’s timeline, so the information is incorrect.
Wipro and Infosys data described in the article is incorrect. Their share prices have never reached the levels you mentioned in the article. The highest Wipro reached was Rs 334 and for Infosys it was Rs 182.
Kindly verify.
Sir,
The price chart for Infosys and Wipro looks erroneous. Kindly, check the prices again
People who gamble their money must have awareness about the risks involved in such investments. It is not the job of government to either educate them or excessively protect them.