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«We already have one conflict in Europe, adding another conflict to that in the Middle East does not really create anything good, so nothing good is going to come out of it is the way we would look at it,» says Vetri Subramaniam, CIO, UTI AMC. It seems like in the conversations as well in the past with a lot of market experts, they were alluding to the fact that if at all there were to be a sort of change in the undertone of the market that would largely be led by global events or global developments. Do you think what we are seeing play out right now warrants a sort of a decisive change in the market sentiment? I am not sure everybody has managed to figure out the geopolitical implications of whatever has happened over the last three days in the Middle East and what that could actually mean for markets, but I think the bigger sort of trend is obviously that this is something which could create a fresh round of instability.

Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! "The agents were tasked with assassinating Hardeep Singh Nijjar, the Sikh leader in Canada. Following the meeting, the CCP agents meticulously executed the killing plan," she claimed. Explaining their modus operandi, the independent blogger alleges, "On June 18th, the agents armed with silenced guns tracked Nijjar.

Follow our LIVE coverage on Assembly Elections 2023 here The EC on October 6 convened a meeting of general, police, and expenditure observers where Chief Election Commissioner Rajiv Kumar instructed them to ensure a comprehensive control of the influence of money power, ANI reported. The Commission, in an official statement, stated that during a briefing meeting for upcoming elections, Kumar directed observers to ensure a fair and impartial electoral process.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says he “would tend to be underweight on external oriented sectors. This includes metals, energy and even IT to that extent. We believe that the growth story of the world is at least a couple of years away in terms of the world booming back to growth. It is going to be an extended slowdown. False alarms will keep coming. We would rather stay cautious on the side lines.” What will happen to global sectors? Metal is a bet on China. IT is a bet on the US. Manufacturing is a bet on Europe. What happens there? Globally we are not very positive on what is happening in the US GDP data and all seems to keep surprising us. But if you look at the credit cycle that is happening there, people are revolving credit like there is no tomorrow. There is a slowdown in jobs. So, we believe that a slowdown is inevitable. Now, between a hard landing and soft landing, one could have probability factors but we do not think that there is a growth story in the world yet. We believe that the world is going to go through an extended period of slowdown. Europe will suffer a little more. So, we would tend to be underweight on external oriented sectors. This includes metals, energy and even IT to that extent. We believe that the growth story of the world is at least a couple of years away in terms of the world booming back to growth. It is going to be an extended slowdown. False alarms will keep coming. We would rather stay cautious on the side lines.

“Banking, cement, infra, paper, sugar, power and chemicals (as a contra bet) are some of the sectors where we still see reasonable valuations in some pockets,” says Jiten Parmar, Co-Founder, of Aurum Capital. In an interview with ETMarkets, Parmar said: “Many pockets look expensive. One has to look at individual stocks, for example, many stocks from defense, and railways do not have a margin of safety and are looking stretched,” Edited excerpts: Nifty hit 20200 levels and then we saw some bit of healthy profit-taking amid muted global cues. What is your take on markets for the medium to long term? For the medium term and long-term, I remain constructive on the markets. Indian economy is doing fairly well.

The top United States agency for consumer financial protection is considering applying the Electronic Fund Transfer Act (EFTA) to crypto, in an attempt to protect consumers from fraudulent crypto transfers.

«The timing is definitely symbolic, and I believe it was picked that way by the initiators,» Sarit Zehavi, President and Founder of Alma Research and Education Centre and former researcher in the Israel Defence Forces Intelligence Corps, told ANI. On Saturday, which was also a major Jewish holiday, Hamas militants launched a series of rocket strikes that hit major cities across Israel, and it sent waves of fighters across the border into southern Israel, killing hundreds of people and taking captives back to Gaza. Hamas militants used explosives to breach the barriers and then used bulldozers to widen the gaps. Militants entered into Israel in motorcycles and SUVs.

Middle East boosted oil and Treasuries, while the sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week. Holidays in Japan and South Korea made for thin conditions but the initial bid was for bonds and the safe harbours of Japanese yen and gold, with the euro the main loser. «The risk is higher oil prices, a slump in equities, and a surge in volatility supports the dollar and yen, and undermine 'risk' currencies,» said analysts at CBA in a note. In particular, there was a chance oil supplies from Iran might be disrupted, they added. «Given the tightness already facing physical oil markets in Q4 2023, an immediate reduction in Iran's oil exports risks pushing Brent futures above $US100/bbl in the short term.» Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when Islamist group Hamas killed 700 Israelis and abducted dozens more. The danger of disruptions to supply was enough to drive Brent up $4.24 to $88.82 a barrel, while U.S.

Crypto exchange FTX used hidden Python code to misrepresent the value of its insurance fund — a pool of funds meant to prevent user losses during huge liquidation events — according to testimony from FTX co-founder Gary Wang. 

Buy or sell stocks for today: Following strong global cues on ease in US dollar index, Indian stock market ended higher on second day in a row on Friday last week. Nifty 50 index gained 107 points and closed at 19,653 levels, BSE Sensex shot up 364 points and ended at 65,995 mark whereas Bank Nifty index finished 147 points higher at 44,360 levels.

Sensex and Nifty 50, ended over half a percent higher each after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained a status quo on repo rates and policy stance, in line with expectations. RBI's MPC unanimously decided to keep the repo rate unchanged at 6.5 per cent on Friday. The central bank also retained its policy stance as the "withdrawal of accommodation" with five out of six MPC members voting in favour of this.

Reuters reported. 4) Iran helped Hamas plot the rocket attack on Israel and approved of the assault during a meeting in Beirut last week, according to The Wall Street Journal report. 5) US President Joe Biden ordered “additional support" for Israel.

rocket attack on Israel and approved of the assault during a meeting in Beirut last week, according to a report published by The Wall Street Journal. The death toll from the bloodiest war that erupted between Israel and Hamas surged to 1,000. The report also stated that the officers of Iran's Islamic Revolutionary Guard have worked with Hamas to plan the deadly attack since August.

Nijjar, in Canada, an independent blogger, Jennifer Zeng, has said that China's «purpose was to frame India creating discord between India and the West». She also alleged that it was a part of the CCP's sinister «Ignition Plan» to disrupt the world in line with Xi Jinping's military strategy regarding Taiwan. Jennifer Zeng is a Chinese born rights activist, journalist who is currently living in the US. In a video posted on the social media platform, X, Zeng dubbed the killing of Nijjar as an assassination claiming, «Today shocking revelations about the 'assassination ' of Sikh religious leader, Hardeep Singh Nijjar, in Canada have emerged from within the CCP.

The focus will shift towards stock-specific action as Q2FY24 earnings begin this week with TCS announcing results on Oct 11, followed by Angelone, HCL Tech, and Infyosys. «Overall, we expect the market to remain range-bound with a bout of volatility given the uncertainty still looms globally, despite the ease in US 10-year bond yield and fall in crude oil prices,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS

BHP chief executive Mike Henry says an unprecedented era of government funding for “critical minerals” ventures risks distorting markets, and governments could achieve a broader benefit by speeding up project approvals rather than giving “sugar hits” to individual projects.

BHP chief executive Mike Henry says stronger uranium prices will boost the business case for an expansion of South Australia’s Olympic Dam copper precinct, which would in turn allow BHP to grow its uranium output.

Fast food chain Guzman y Gomez will have two chief executives running the company as it prepares for an initial public offering which founder Steven Marks says could happen late next year.

Marsh McLennan breached its own rules by failing to warn a client of Greensill Capital that it was “patently obvious” there were serious problems at an insurance agency linked to IAG, courts have been told.

multilateral development banks (MDBs) has secured wide backing of these entities, people familiar with the deliberations told ET. The MDB reform programme will be taken up at the G20 finance ministers and central bank governors' (FMCGB) meeting in Marrakech under India's presidency on October 12-13. The reforms blueprint is derived from the report of the Independent Expert Group (IEG), co-chaired by 15th Finance Commission chairman NK Singh and former US treasury secretary Larry Summers, set up by the G20. The group recently submitted the second volume of its report outlining a roadmap for implementation of MDB reforms. The panel was set up under India's G20 presidency with a mandate to develop a road map for an updated MDB ecosystem — with milestones and timelines — that includes recommendations on the vision statement, incentive structure, operational approaches, and financial capacity. The G20 FMCBG meet, the last such meeting under the Indian presidency, will discuss the contours of the proposed roadmap at its meeting. Finance minister Nirmala Sitharaman chaired a meeting with the heads of MDBs last Friday in the run-up to the upcoming Marrakech ministerial to discuss the reforms suggested by the IEG. Some MDBs have already begun work on the IEG recommendations and are expected to adopt these after shareholder approvals, said one of the persons quoted above. «There is a wider acceptance of the need to carry out such reforms… Most MDBs have shown inclination and will take proposals to their shareholders,» the person said, adding that enhanced use of private capital and wider instruments such as hybrid capital is in focus. Some countries have expressed reservations on the proposed reform roadmap.

Mint explains. Yes, dams can be susceptible to damage resulting from floods and cloudbursts. However, it depends on the age of the dam, their construction quality and the climate adaptation of these mega infrastructure projects.