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Secured Overnight Financing Rate (SOFR), a global benchmark used to determine the price of US dollar-denominated loans and derivatives, jumped to an all-time high of 5.39%, Bloomberg reported. The development occurred due to turbulence in US funding markets and overnight repo transactions amid quantitative tightening by the Federal Reserve.

Make in India'. The ambitions have had a heroic journey to grow sinews that makes the Prime Minister of world's fifth largest economy to now vouch for 'Make for the world'. There are still miles to go before India laps up a significantly greater share of what the world consumes.

The sectors with the biggest falls in vacancies in October were healthcare and social assistance (236,000); finance and insurance (168,000) and real estate and rental leasing (49,000).

Over a five-year horizon, 44% of fund managers said Information Technology would be the top performing sector.

The inflows follow six months of net selling for equity funds, which lost £4.5bn between May and October 2023.

LONDON (Reuters) -British American Tobacco said it would take a hit of around $31.5 billion as it writes down the value of some U.S. cigarette brands, acknowledging on Wednesday that its traditional market has no long term future.

Reliance Industries as its largest exposure in Indian stocks with a 4.5 percent weightage, followed by ICICI Bank (3.5 percent), Godrej (2.5 percent), Axis Bank (2.5 percent), Mahindra & Mahindra (2.5 percent), Larsen & Toubro (1.5 percent), UNO Minda (1.5 percent), and Fortis (0.5 percent). Nomura also outlined the potential risks for the Indian stock market in 2024 from the China rotation and stretched government finances leading to populism, higher taxes, and lower government capex.

Ambuja Cement and New Delhi Television Ltd but with the exception of ACC Ltd continued adding to their gains on Wednesday. The combined market cap of the 10 Adani group listed companies had increased by about ₹87,224 crore till noon on Wednesday. investor confidence got a boost post the news flow suggesting that US government agencies have found allegations levelled by Hindenburg against the Adani group as irrelevant and unsubstantiated.

Bitcoin (BTC) has recorded a massive uptick in the past week surging above 14% as the wider market rebounds igniting bullish sentiments hinged on several factors.

Hemang Jani, independent market expert, says “while midcaps and smallcaps had run up earlier, the Nifty, the banks and many stocks which are part of Nifty, did not. It would be a great idea to look at some of the Nifty-based stocks, be it in banks, be it auto, domestic consumption, some of the FMCG names. ITC has started moving after a long time, Titan. So consumption and capital goods and banks are going to be the main pillars on which you can build your pre-election rally portfolio.” Why did the Adani Group of stocks really make a comeback in the last two days? If you look at the chronology of events, first we had the Supreme Court withholding the order but the tone of the verdict was that they need to look at what actually are the facts and we should not go by what Hindenburg said. That gave a lot of relief to market participants, followed by the state election outcome where the BJP turned out to be a major winner and much better than market expectations.

Nifty recorded a new all-time high daily in December, the 50-stock index was still not among the top-performing global indices in November, falling behind benchmark indices in developed markets viz US, UK, Japan, France, Switzerland and Germany. Among the emerging markets, Nifty was behind Taiwan, Korea, Brazil, and South Africa while remaining ahead of China. Nifty rose 5.5% in November, witnessing a turnaround after hitting a low of 18,989.15 on November 1, led by gains in auto, healthcare, and realty stocks.

Japan to become the world's third-largest market in terms of sales, trailing only behind China and the United States. The automotive sector has experienced exceptional strength throughout 2023, and November stands out as a significant month, with two-wheelers and passenger vehicles (PVs) exhibiting notable strength.

visa policies for nearby international destinations have fueled a surge in airfares, impacting travel choices. Popular and easily accessible destinations like Thailand, Sri Lanka, and Malaysia have become visa-free for Indian travelers, leading to a spike in demand and subsequently driving airfares to new highs. Almost all international airlines, with the exception of the United States, have fully resumed connections to India. Indian carriers have also increased flights abroad for the winter season, resulting in more competitive airfares to distant European and North American destinations. According to a TOI report, the Delhi-Phuket economy return this Christmas starts at Rs 50,000, significantly higher than the average of Rs 30,000 a few months ago. In contrast, Delhi-London flights begin at Rs 70,000, a notable reduction from the Rs 90-95,000 range seen during the summer. “In comparison to last year, all international airlines are now operational for routes like Delhi-Dubai, or Saudi and to London, hence airfares for these sectors are down by about 20-25%. On the other hand, airfares for popular Southeast Asian destinations like Vietnam, Thailand and Malaysia have more than doubled in comparison to last year for this period,” a spokesperson for travel portal Yatra told TOI. Anil Kalsi, Vice President of the Travel Agents Federation of India, told TOI that there is a «serious» demand for both domestic and international destinations this winter, with Southeast Asia being particularly popular. The visa-free status has made a significant impact, with destinations like Thailand witnessing a doubling of Indian tourist arrivals after granting visa exemption from November 10, 2023.

Scams are on the rise this holiday season and a senior in the Edmonton area is the latest to fall victim to one.

A 44-year-old American woman was killed in New Providence, Bahamas, after she was attacked by a shark while paddleboarding in waters near the Sandals Royal Bahamian resort on Monday, local authorities said.

The recent announcement by Wallet of Satoshi (WoS) to withdraw its app from the U.S. Apple and Google app stores and cease serving U.S. customers marks a significant shift in the Bitcoin wallet landscape. This decision reflects the increasingly challenging regulatory environment in the United States, which has affected not only WoS but other crypto service providers as well.

As of late, the Commodity Futures Trading Commission (CFTC) has adopted a resolute position against Binance, which is the biggest cryptocurrency exchange in the world. As the former Chief Executive Officer of Binance, Changpeng Zhao (CZ) has resigned from his position after entering a guilty plea to charges that include violating anti-money laundering laws in the United States. Binance has agreed to pay penalties totaling more than $4.3 billion as part of a deal with the authorities in the United States. Among them is the personal contribution of fifty million dollars made by Zhao. This case exemplifies the dedication of the Commodity Futures Trading Commission (CFTC) to enforce trading restrictions in the United States, especially against firms that let consumers in the United States to trade unregistered bitcoin derivatives.

rupee settled at 83.37 against the dollar. Investors remained on the sidelines ahead of the Reserve Bank of India’s (RBI) monetary policy decision later this week. “The RBI's policy, commencing on Tuesday with a decision due on Friday, will be closely monitored," CR Forex Advisors MD Amit Pabari said.

Also Read: Stellar rally! Nifty 50 jumps 1,159 points in just 13 sessions Friday's rally has also pushed the market capitalization of the NSE-listed companies to cross the $4 trillion mark for the first time. The positive momentum continued into the following two trading sessions, following the ruling party, BJP's decisive victory in three out of four critical state elections, instilling confidence in political stability for 2024. During Monday and Tuesday's trade, the Nifty 50 surged by 2.07% and 0.81%, and in today's session, it maintained the momentum, reaching a new peak of 20,958.65 points, gaining by 0.50%.

Nifty50 has been on a bull run, hitting record high for the fourth straight session on the back of stellar GDP growth in the September quarter, foreign investors inflows returning to Indian equities, stabalising dollar and yields, and hopes of a rate cut sooner than anticipated. Moreover, state election results indicating a very high probability of policy continuity also aided the sentiment. Indian markets also saw a strong rally in November, rising 5.5 percent after a weak October following strong global cues as the risk of worst-case scenarios reduced both internationally and in India.

Bitcoin rose on Monday, briefly surpassing $42,000 to reach a 20-month high, in a new surge of momentum fueled by the possibility of U.S. interest rate cuts and traders betting that the U.S. will soon approve exchange-traded spot bitcoin funds. The world's biggest cryptocurrency rose as high as $42,162 on Monday, its highest since April 2022, seemingly casting off the funk that had settled over crypto markets following the collapse of FTX and other crypto-business failures last year. It was up 6.49% at $41,311.26 as of 1605 GMT. Bitcoin's gains lifted the shares of cryptocurrency-related companies, as well as exchange-traded funds (ETFs) listed in the United States. Coinbase jumped 6.5% and Microstrategy gained nearly 6%, while bitcoin miners such as Riot Platforms, Marathon Digital and CleanSpark rose between 8% and 11%. Last week, Microstrategy disclosed it bought an additional $593 million in bitcoin during November.