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Chinese equities have continued where they left off in 2023 with the Hang Seng Index (HSI) already down 8% in the new year. China stocks extended their decline as disappointing economic data and Premier Li Qiang's comments on avoiding massive stimulus weighed on the market.

cases of COVID-19 sub-variant JN.1 have been recorded in the country so far with Maharashtra and Karnataka registering the highest number of cases of the variant, according to INSACOG on Sunday. Data compiled by the Indian SARS-CoV-2 Genomics Consortium (INSACOG) showed Maharashtra has recorded the highest number of JN.1 cases at 382 followed by Karnataka at 249.

Donald Trump's effort to march to the Republican presidential nomination faces perhaps its greatest challenge on Tuesday when voters in New Hampshire hold the first-in-the-nation primary. The former president enters the contest emboldened by his record-setting performance in last week's Iowa caucuses. But New Hampshire has a more moderate political tradition and primary rules that allow unaffiliated voters to participate in the race. Trump-backed MAGA candidates have struggled here in recent years. Nikki Haley is hoping to capitalise on those vulnerabilities. The former UN ambassador is the only candidate left in the GOP primary aiming to defeat Trump outright. After a disappointing finish in Iowa, Florida Gov. Ron DeSantis is effectively surrendering new Hampshire and focusing on South Carolina's Feb. 24 primary.

₹10.2 lakh crore in FY25, implying a relatively sedate YoY expansion of about 10 per cent, compared to over 20 per cent expansion seen in each of post-COVID years. The slowdown in capex growth is likely to have some bearing on economic activity and GDP growth," said ICRA in its pre-Budget expectations. ALSO SEE: Budget 2024 full coverage During April-November of the current fiscal year, the capex rose by 31 per cent to ₹5.9 lakh crore (58.5 per cent of FY2024 BE) from ₹4.5 lakh in April-November FY23 (60.7 per cent of FY23 Prov).

Rohit Sharma-led Team India are all set to take on England in the 5-match Test series starting in Hyderabad next week. As usual, India will be relying on Virat Kohli to bring stability to the Indian middle order. Virat also has a good record against the English side with a total of 1991 runs in 28 Tests at an average of 42.36 and a strike rate of 52.06.

eligible shareholders of Tinplate Company of India will receive fully paid-up equity shares of Tata Steel in the share exchange ratio of 33:10. It means 33 fully paid-up ordinary equity shares of Tata Steel with a face value of ₹1 each to be allotted for every 10 fully paid-up equity shares of TCIL of face value ₹10 each, the company said.

Cold conditions continued to persist in Punjab and Haryana on Sunday, with moderate to dense fog reported from most places in the two states. According to the local Met office, Hisar in Haryana reeled from severe cold, recording a low of 2.8 degrees Celsius.

Ayodhya on Monday evening to celebrate the consecration of the Ram temple. Diyas will be lit at 100 temples here, including the Ram Temple, and Ram Ki Paidi, Kanak Bhawan, Guptar Ghat, Sarayu Ghat, Lata Mangeshkar Chowk, Maniram Das Chavani, besides other prominent locations, officials said. The much-awaited Ram temple consecration will be held here on Monday.

Wall Street returned to record heights and capped a punishing, two-year round trip dogged by high inflation and worries about a possible recession

Ford says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric vehicle sales growth

A small airplane that crashed into the ocean off the California coast has been identified as one of tens of thousands of home-built aircraft that are part of a high-flying hobby taking off across the country

Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low as mortgage rates climbed to the highest level in more than two decades, pushing homeownership out of reach for many Americans

Pitchfork, the most influential music publication of the internet age, is being absorbed by another entity – a men’s fashion magazine

A witness saw sparks shooting from a cargo plane as it made an emergency landing at Miami International Airport shortly after takeoff

Guild members of the Los Angeles Times have participated in a one-day walkout to protest imminent layoffs

In the week gone by, FPIs net sold shares worth over Rs 21,000 crore, signalling a sudden shift in the strategy. So far in the month of January, FPIs were net sellers at Rs 16,455 crore. Domestic institutional investors, meanwhile, are holding for as they invested about Rs 10,274 crore in Indian equities so far this month. Analysts say the rise in US bond yields and elevated valuations are triggering capital outflows from emerging markets. The not-so-pleasing results of India's leading HDFC Bank also aggravated the outflows as they increased short positions.

Power consumption in the country witnessed an on-year rise of nearly 8 per cent to 1,221.15 billion units (BU) during the April-December period of this fiscal, indicating a surge in economic activities. Power consumption in the country stood at 1,132.11 BU in April-December 2022-23. Industry experts said that around eight per cent growth in power consumption in the first nine months of this fiscal year shows a surge in economic activities.

Ram Mandir in Ayodhya and other initiatives taken by the state government to promote tourism, said SBI researchers Sunday. UP's own tax revenue is expected to be Rs 2.5 lakh crore in FY24, according to its Budget. The researchers noted that tourist spending in the state could nearly double in 2024 compared with 2022. “Given the completion of Ram Mandir in Ayodhya and initiatives taken by the UP government to promote tourism, we believe that the total expenditure by tourists in UP may cross Rs 4 lakh crore mark by end of this year,” the report noted. SBI calculations indicate that domestic tourists would have spent Rs 2.2 lakh crore in 2022, with foreigners spending another Rs 10,000 crore, as 32 crore domestic tourists—an increase of almost 200%--thronged the state.

₹1,67,936.21 crore last week, with HDFC Bank experiencing the most significant decline. The 30-share BSE benchmark reported a fall of 1,144.8 points, or 1.57 per cent, during the week. Both the NSE and BSE conducted regular trading sessions on January 20.

Inflation in Japan slowed for a second month, giving central bankers reason to wait before ending their negative rate policy. While the data support the view the Bank of Japan officials won’t rush into the first rate hike since 2007 when they meet next week, services prices remained elevated and suggest that an eventual normalizing of policy remains on the table. Inflation expectations declined in Europe, while retail sales and consumer sentiment in the US increased.

«Nifty concluded the week at 21,571.80, marking a decline of 323 points from 21,894 levels, on a weekly basis. Pharma, realty, and metal sectors faced selling pressure. Despite persistent attempts to breach crucial resistance, each of them resulted in a sell-off,” Om Mehra, Technical Analyst, at SAMCO Securities said. The market exhibited a consolidative trend within the 21,500-21,750 range, indicative of a sideways movement going ahead, Mehra said, adding that weekly support stands firm at 21,400 levels while the upper Bollinger band poses resistance at 21,850. Factors that are likely to impact movement when markets reopen this week: