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.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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