Cycling Financial News

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A historic European Central Bank meeting this week may be the catalyst that drives regional equities to new peaks.

The economic stars appear to be aligning for the Bank of Canada to deliver an interest rate cut on Wednesday, but some economists warn the central bank might have other ideas when it comes to the right timing for the hotly anticipated first cut of the cycle.

Rahul Dravid on Monday confirmed that the T20 World Cup will be his last tournament as head coach of the Indian cricket team. Dravid, who took charge of the team in November 2021, was not expected to reapply for the high-profile job after the BCCI invited applications last month.

Motilal Oswal Financial Services Ltd.Also read: Exit polls predict Modi 3.0: Sharekhan lists top stocks for short and long term including ICICI Bank, SBI; check listConsidering the market's performance on the eve of the results announcement, most probably, the investors will continue their celebrations on June 4, as historical trends suggest.Livemint scouted the data on stock market performance trends on the day of the election results. We found that the outcome generally has minimal impact on long-term investors.The S&P BSE Sensex Index has consistently risen in the six months following the election results in each of the last four cycles, with a median return of over 11 per cent.The market indices Sensex and Nifty were up 0.77 per cent and 0.37 per cent, closing at 5,399.47 and 1,717.5, respectively.Sensex Intraday High: 5,487.34 | Sensex Intraday Low: 5,131.03Nifty Intraday High: 1,750.30 | Nifty Intraday Low: 1,625.10Sensex was up 2.53 per cent.

General Elections 2024: RVNL, SBI, GAIL and more - Motilal Oswal lists 8 technical stock picks after exit polls."I know that the stocks have rallied, and it bothers some; I am not saying that it is going to be a smooth ride for all stocks. We have downgraded a few stocks.

El Nino, the natural weather phenomenon that contributed to 2023 being the hottest year on record, has recently subsided, paving the way for its opposing, cooling La Nina phase to begin.

Mint in detail about his perspective on the markets and on investing. Edited excerpts: The term "long term" has been misused in recent market runs. For traditional investors focusing on generational wealth through equities, long term means beyond three to five years.

real GDP growth print at 7.8% YoY came higher than implied in CSO’s advance estimate for the full year of FY24 at 7.3%. As a result, the average growth for FY24 stands much higher at 8.2%. While it reflects a modest deceleration from 3QFY24 at 8.6%, the average second-half growth of 8.2% is unchanged over the first half. Also, it gives an impression of a decisive turnaround from the 2HFY23 downturn and an FY23 average of 7%. However, the surprise part remains limited to the headline numbers. The headline growth appears misleading given the underlying situation.

dearness allowance (DA) touches 50%, several other allowances of the central government employees have been increased in the last few months. Now there have been media reports that the basic pay of the central government employees and pensioners will also increase during the next hike of dearness allowance or dearness relief (DR). Usually, the DA and DR of the central government employees and pensioners increase from July. With DA and DR touching the 50% threshold, there have been speculations that DA and DR will be automatically merged into basic pay and raise the basic of the thousands of central government employees and pensioners. Are central government employees and pensioners looking for a hike in basic pay from July 2024? Read here to find out.

«We have been very bullish for railway for actually right from September 2020 when we have a very sizeable exposure in some of the companies, we are a very meaningful stakeholder in most of the government companies, actually we are the largest shareholder in some of the government companies itself, so that level of exposure we already have, maybe closer to this event we have partially pruned down in some of the expensive names particularly in defence space,» says Sandeep Tandon, CIO, Quant Mutual Fund. We are pinching ourselves. We are telling us that this is unreal, but it is real. The markets are up 4%, it is the biggest gap up for Indian markets in its life. So, magical things are happening today. Now as a money manager, what changes in the way you have invested in the past and the way you will invest in future post-election certainty and uncertainty going away? First of all, now it is endorsements of the policies which was followed by the previous government, so which clearly means that infra as a theme, manufacturing as a theme, PSU as a theme will continue.

Veteran trader Peter Brandt predicts Bitcoin’s next bull market peak could reach $150,000 by late August or early September 2025.

"Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing. With per capita spending increasing, fast-moving electrical goods, home improvement, and auto sectors tend to do well," says Gurmeet Chadha, Complete Circle Consultants We are hearing reports suggesting an acute shortage of air conditioners and other consumer durable goods. Have you managed to get your hands on them? There is indeed a shortage, and discounts have virtually disappeared, not just for air conditioners but also for refrigerators and air coolers. Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing. With per capita spending increasing, fast-moving electrical goods, home improvement, and auto sectors tend to do well. If we compare this to China, where per capita GDP grew by 13-14% over a 15-year period, the consumer durable segment grew by 20%, and the auto sector by 26%. This is more of a long-term play, and extreme weather conditions could provide a better entry point.

1. Lifestyle modifications: Managing PCOS starts with lifestyle changes. Losing even 10% of excess weight can help restore normal ovulation and improve fertility in women with PCOS.

In spite of the highest Federal Reserve policy rates in two decades, the US economy grew about 2.5% last year, unemployment remains low and stocks are near all-time highs, leading many observers to conclude that the economy has become less interest-rate sensitive—and probably needs permanently high benchmark rates to prevent overheating. Consider the shift in attitudes in recent months.

Bajaj Finance, IT giant Infosys and tech services firm TCS, said Neeraj Dewan, director at brokerage Quantum Securities.Longer-term, stocks related to the investment cycle such as capital goods, infrastructure and commodity firms could benefit, said Vikaas Sachdeva, managing director of investment firm Sundaram Alternates.The benchmark indices, up 4% this year, experienced volatility around two-years highs in May as shadow betting markets suggested the election would be closer than opinion polls had suggested before the seven-stage vote began.Foreign investors sold a net $3 billion in May and stepped up hedging ahead of the election verdict.These investors could return "in a big way" after staying on the sidelines, said Dewan of Quantum Securities.Such inflows will put upward pressure on the rupee, which the central bank has been attempting to curb through market intervention, and will boost bond prices, said Madhavi Arora, economist at Emkay, a Mumbai-based brokerage.If Modi wins the strong victory suggested by the exit polls, he could gain political capital to push through tougher reforms needed to keep the economy of the world's most-populous nation growing robustly.India's economy accelerated to 8.2% growth in the financial year to March 2024 from 7% the previous year, led by government spending on infrastructure and a boom in real estate, data showed on Friday.But private firms have not stepped up spending on setting up fresh capacities and consumption in rural areas has been weak.An expectation of continuity in economic policies could lead to a pick-up in private investment, said Sachdeva of Sundaram Alternates."Post election results we will see lot more news coming in from the private sector, which will lead to a

heatwave, incidents of AC blasts are becoming more prevalent. Here are some reasons behind these occurrences and precautions to ensure safety and prevent such incidents: Ensure the thermostat is set to an appropriate temperature.

Best home fitness cycle: 10 smooth, quiet, and effective picks to meet your workout needs everydayOn this World Bicycle Day, upgrade your ride with the Urban Terrain UT3003A27.5 Alloy Cycle. This 21-speed mountain bike features Japanese technology derailleurs and shifters for seamless gear changes. Its alloy frame ensures durability, while the front suspension and dual disc brakes offer stability and safety.

₹25,586 crore worth of Indian equities and the total outflow stands at ₹12,911 crore as of May 31, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt inflows stand at ₹8,761 crore in May 2024.

If you want to save a handsome corpus till your retirement, you can opt for the National Pension System (NPS). It not only assured to give corpus at the time of retirement, it helps in wealth creation by investing in equity. 

10 Best stylish cycles for men: Top picks from Ubran Terrain, E Motorad and moreThe Leader Beast 26T Multispeed Mountain Bike is a rugged yet stylish choice for teens and adults. It comes in a striking MATT Black/SEA Green colour combination, with a 7-speed gear system and front suspension for a comfortable ride. The 26-inch tires and 18-inch frame cater to riders between 5FT to 5.10FT tall, ideal for 12+ years.