The Stoxx 600 Europe Index fell more than 2%, with miners & energy firms at forefront of losses. US equity futures fell, S&P 500 contracts down about 1% after gauge shed 2.8% on Friday.
Despite concerns about lofty valuations and unwinding of easy-money policies, India’s benchmark is among those leading gains in Asia so far in 2022 with an advance of more than 4%.
Since reaching a record high in October, BSE has approached a technical correction, with foreign investors pulling out over $4 billion from market over the past three months.
The Sensex has rebounded 34% from its March low but the jury is still out with the IMF cutting India’s growth outlook by the most among all major economies.
The amalgamation of internet stocks that has for three months been indestructible dropped more than 4% Friday, the group’s worst session since Covid struck.
If India wants a voice in a world of two clashing superpowers & competing networks for moving money cheaply, it needs to build its own crypto capabilities.
Quant strategies seek to reduce role of human bias. They follow data-driven approach to pick stocks, using pre-defined parameters such as momentum or valuation.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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