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Manish Singh, CIO, Crossbridge Capital, says “I remain positive on China. I remain positive on emerging markets. What is going to happen is the pie is going to get bigger. We are going to have big global growth as the power of the US, power of the western world reduces and that means the cost of capital goes down in emerging markets. We have more growth and there will be rapid and bigger global growth. ”Let me begin with the Q2 US economic data. It is fair to say that even though it is slightly below estimates, 2.1% is telling us that things are back on track. There is definitely a recovery in the US economy and recession fears are receding. Is that a fair interpretation of the numbers?Anything at 2% and over is something that everyone should be very pleased about and it just keeps the recession fears at bay.

yellow metal has been moving with strength riding on slippages in the DXY which has gone below the 104 mark. The MCX October gold futures were trading up by Rs 12 or 0.02% from the Wednesday closing price at Rs 59,490 per 10 gram on the MCX while the December Silver futures were trading at Rs 76,100 per kg, lower by Rs 180 or 0.24%. On the Comex, Gold futures were trading at $1,972.70 per troy ounce on Thursday, down by $0.30 or 0.02% while Silver futures were trading at $24.985, lower by $0.119 or 0.470%. The DXY was trading flat at 103.03 against a basket of six top currencies, though the bias was negative. The October Gold futures had ended with gains of Rs 200 or 0.34% per 10 gram at Rs 59,466 while the December Silver futures closed higher at Rs 76,222, down by Rs 218 per kg or 0.29%. «Gold's value has stayed high for three weeks because the latest US economic data indicates slower growth. This led traders to reduce their expectations of the Federal Reserve raising interest rates next month.

The reputation of India’s pharmaceutical industry is now truly at stake with the World Health Organization and the US Food and Drug Administration raising red flags on medicines made in the country.The World Health Organization (WHO) this month issued an alert after a batch of cough syrup made by Fourrts (India) Laboratories and sold in Iraq was found to have unacceptable levels of contaminants.

GDP) data for the June quarter, Indian equity indices opened higher for the fourth straight session on Thursday, led by banking and IT stocks. The BSE Sensex was trading 147 points or 0.23% higher at 65,234. Nifty50 was trading at 19,375, up 28 points or 0.15% at around 9.18 a.m. The domestic GDP data for the April-June quarter is scheduled to be released post-market hours. From the Sensex stocks, Jio Financial Services, Maruti, Tata Steel, HCL Tech, and Tech Mahindra opened higher, while Bharti Airtel, Bajaj Finance, HDFC Bank, and Sun Pharma opened lower. Among individual stocks, Rail Vikas Nigam (RVNL) rose over 3% as the firm emerged as the lowest bidder for projects worth Rs 256 crore from Maharashtra Metro Rail Corporation.

labour market data raised expectations that the US Federal Reserve will not raise interest rates further. On Wednesday, the rupee ended 2 paise lower at 82.73 a dollar. Data showed US gross domestic product (GDP) increased at a 2.1% annualized pace in the last quarter, lower than the preliminary estimate of 2.4% growth.

Also Read:‘Joe Biden will lead US to World War III,’ Donald Trump calls him 'mental catastrophe' This correction results in a decrease ranging from $812 million to $2.2 billion annually, depending on the specific year. Notably, the largest discrepancy of $2.2 billion occurred in the year 2014, according to the state's findings.

In an interview with Mint, Niraj Kumar, Chief Investment Officer of Future Generali India Life Insurance Company said while India remains an attractive investment destination for long-term investors given its strong macro fundamentals, the current valuations offer a limited margin of safety. Kumar also talked about the sectors that look attractive at this juncture and how General Elections 2024 will influence the market. The global economy has been witnessing conflicting signals in terms of economic activity and growth.

China's Baidu rolled out its ChatGPT rival ERNIE Bot to the public on Thursday, in a major leap for the country's tech sector as it aims to cash in on the global artificial intelligence gold rush. The Chinese government introduced fresh regulations this month for AI developers, aiming to allow them to stay in the race with the likes of Microsoft and OpenAI but still tightly controlling information online. ERNIE Bot is the first domestic AI app to be fully available to the public in China.

Atlas Arteria chief executive Graeme Bevans says the tollroad group is benefiting from inflation as rising toll fares helped lift its interim net profit by 17 per cent to $136.5 million.

Stocks closed modestly higher on Wall Street, chipping away at the market’s losses for August

Residential customers of Georgia’s largest electrical utility could see their bills rise by $9 a month to pay for a new nuclear power plant

The country’s largest locomotive manufacturer and its striking union workers have reached a tentative agreement that could end a two-month strike that saw about 1,400 people walk off the job at its Pennsylvania plant

Gold prices firmed on Thursday as a fresh set of soft U.S. economic data added to expectations that the Federal Reserve will pause rake hikes this year, although a surge in Treasury yields and dollar kept bullion on track for a monthly loss. FUNDAMENTALS * Spot gold was up 0.2% at $1,946.17 per ounce by 0114 GMT, trading close to a one-month high hit on Wednesday.

Biden administration has approved the first-ever US military transfer to Taiwan under a programme generally reserved for assistance to sovereign, independent states. The State Department notified Congress of the sale on Wednesday.

Bitcoin (BTC) has broken its downward trend and surged above the $27,000 mark, marking an impressive comeback after two weeks. However, this surge can be attributed to a legal victory for Grayscale in the United States. 

reliance on China and Taiwan. In the aftermath of his inaugural Republican presidential primary debate, the 38-year-old Indian American Republican presidential contender put forward his policy vision and international outlook.

airport toward waters off its east coast. The missiles flew about 360 kilometers (225 miles). The North's army said the missiles were fired late Wednesday in a "tactical nuclear strike drill simulating scorched earth strikes at major command centers and operational airfields" across the border in South Korea.

Also Read: 5 things that changed for market overnight: Gift Nifty, US GDP among key global cues for Sensex today Here’s what to expect from Nifty and Bank Nifty today: “The Nifty index encountered a robust resurgence of bearish momentum, leading to considerable selling pressure at elevated levels. Amidst this downturn, the addition of substantial open interest in the 19500 CE options signifies that the index is poised to expire below the 19,500 mark. In terms of technical levels, the index's immediate support on the downside is evident in the range of 1,9300-19,250.

₹1,323 crore during the session.Data on gross domestic product (GDP) showed that the US economy expanded 2.1% in the second quarter, slower than a preliminary estimate of 2.4%.Stocks ended modestly higher Wednesday, extending Wall Street's recent winning streak to its fourth day in a row and chipping away more of the market's losses this month.After a choppy day of trading, the S&P 500 closed 0.4% higher. The benchmark index remains down 1.6% for August, with one trading day left in the month.

Investors would closely watch the GDP data due later in the evening. «Given mixed global cues and derivatives monthly expiry, Nifty is likely to remain in consolidation mode while sector rotation would lead to stock-specific action,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 10 points, or 0.05 per cent, lower at 19,468.50, signaling that Dalal Street was headed for muted start on Thursday.

ANI reported citing Khalsa Vox is an online digest that brings the latest in Punjab politics, history, culture, heritage and more. Also Read: Canada minister expresses concern on 'integrity' of student immigration, says ‘some people are gaming the system’ Mississauga and Montreal are the two Canadian cities that stand out as the prime beneficiaries of this influx of global tech talent. Mississauga which boasts a robust community of nearly 1,000 IT firms and an impressive workforce of over 300,000 tech experts, has become a hub for tech innovation.