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inflation data from the United States that is expected to offer further clues this week on whether the Federal Reserve has more work to do to tame price pressures. The Japanese yen remained vulnerable, hovering not far from a one-year low against the greenback as markets remained on watch for possible intervention by Tokyo. The focus for most traders will be firmly on U.S. consumer price index (CPI) numbers due on Tuesday after the Fed's policy meeting this month tempered its hawkish stance although Fed Chair Jerome Powell last week hinted that the battle against inflation may not be over yet.

Equity funds with the most diversified portfolios How markets are placed The benchmark BSE Sensex lost over 1,637 points in October 2023, which was the highest monthly absolute loss in 2023. Though the markets have made some recovery in November due to falling crude oil prices and softening of US bond yields, they are expected to stay volatile over the next few months. A Prabhudas Lilladher Diwali Picks report expects the next few months to be volatile due to the El Nino impact on inflation, global volatility in commodities and interest rates. “The strong resilience of the US economy, despite high inflation, is likely to keep policy rates high, which can impact FPI inflow in the near term,” it states. Equity fund concentration ET Wealth tried to study the concentration of equity diversified funds, in terms of their respective average concentration of AUM in the top five stocks and sectors, over the last year.

Samvat 2080 started on a steady note for investors with India's stock benchmarks gaining over half a per cent in the special 60-minute Muhurat trading session on Sunday evening to mark the start of the traditional Hindu new year. The Sensex closed at 65,259, up 355 points, or 0.55%, after advancing as much as 514 points, or 0.79%. The Nifty, ended 100.20 points, or 0.52% higher, to close at 19,526.

Investing.com — This isn’t how the Saudis imagined it would be. There’s also no certainty after this that it’ll play out the way they want it to be.

Telecom revenues are sluggish as market leaders Reliance Jio and Bharti Airtel spread their 5G networks without raising tariffs as aggressively. This is squeezing Vodafone Idea, whose financials do not allow it to keep up in the 5G rollout race, and in the process it is losing subscribers to Jio and Airtel. Complaints of predatory pricing have been made — not for the first time in the rather chequered history of India's telecom industry — without much by way of solution to inevitable market consolidation.

Al Jaber on Sunday praised India, the current hosts of the Presidency of the G20, for its energy transition vision even as he acknowledged the critical need for a «new paradigm» in climate finance to ensure every country across global south adopts low carbon development. The UAE and India shared a «vision for embracing an energy transition in line with sustainable socio-economic development,» Al Jaber said at the 'From G20 to COP28' special forum held at Abu Dhabi.

BSE Midcap index rose 0.67 per cent while the Smallcap index clocked a robust gain of 1.14 per cent. The overall market capitalisation of the BSE-listed firms rose to nearly ₹322.5 lakh crore from nearly ₹320.3 lakh crore in the previous session, making investors richer by about ₹2.2 lakh crore on Muhurat Trading 2023. Shares of Infosys, Wipro, Asian Paints and TCS ended as the top gainers in the Sensex index while only two stocks - Sun Pharma and UltraTech Cement - ended in the red in the 30-share pack.

Joe Biden and China's Xi Jinping have no shortage of difficult issues to discuss when they sit down for their first talks in a year, even if expectations are low that their meeting will lead to major breakthroughs. Each leader has clear objectives for the highly anticipated talks on Wednesday on the sidelines of the Asia-Pacific Economic Cooperation summit, a meeting that comes after what's been a fractious year for the world's two biggest economies. Both Biden and Xi are looking to bring a greater measure of stability to a relationship that is being defined by differences over export controls, tensions over Taiwan, the wars in the Middle East and Europe, and more. A look at what each president is hoping to achieve during their talks: WHAT BIDEN WANTS The White House has made clear that the U.S.-China relationship is beyond the days where a meeting ends with a long list of announcements and agreements. Instead, Biden comes to San Francisco focused on managing the countries' increasingly fierce economic competition and keeping open lines of communication to prevent misunderstandings that could lead to direct conflict between the two powers. Expect Biden to defend U.S. expansion of export controls on semiconductor chips.

Singles Day sales period, which wrapped up at midnight on Saturday. Meanwhile competitor JD.com said its festival GMV (gross merchandising volume) hit a «record high» over the sales period. Originally a 24-hour online shopping event held on November 11 each year in China, the 'Singles Day' festival — a nod to the digits in the date — has expanded into weeks of promotions across the country's major ecommerce platforms and in brick-and-mortar stores.

So when Washington and Beijing do economic battle, as they have for five years running, the rest of the world suffers, too. And when they hold a rare high-level summit, as Presidents Joe Biden and Xi Jinping will this week, it can have global consequences. The world's economy could surely benefit from a U.S.-China detente.

ICICI BANK Ltd, MAruti Suzuki India Ltd, UltraTech cement, Polycab India, Kalyan Jewellers, Praj Industries, Titagarh Rail Systems, Mrs Bector Food specialties, Kolte Patil Developers Ltd, Goodluck India Ltd are amongst to Diwali 2023 picks by SBI Securities. During Samvat 2080 as per SBI Securities -India remains the Emerging Global Economic Powerhouse: They say that as per the latest World Economic Outlook – October’2023 report by IMF, India’s FY24 GDP growth estimate has been revised upwards by 0.2% to 6.3% and will be the fastest-growing economy in the world.

The Chicago Fed National Activity Index (CFNAI) is arguably one of the most important and overlooked economic indicators. Each month, economists, the media, and investors pour over various mainstream economic indicators, from GDP to employment and inflation, to determine what markets will likely do next.

By Ugur Guven

Narendra Modi on Sunday reached Lepcha in Himachal Pradesh to celebrate Diwali with security forces. PM Modi donned a camouflage jacket and spent time with the security forces.

Also read: Diwali Muhurat Trading today: Timings, details & all you need to know Secondly, of notable significance, large caps earnings growth in H1 has been robust, with high double-digit growth of 30 to 35%, based on the Q2 results announced till date. Despite this impressive earnings performance, the stock performance of India& large-cap index, exemplified by the Nifty100, remains in the low double digits. Foreseeing a narrowing in the peer performance between mid to large caps over the next six months, we posit that large caps are positioned for superior performance.

gold closed with a loss of 1.08% at $1938.28 Friday as safe haven demand for the metal is weakening due to no further escalation in the ongoing Hamas-Israel war. Israel has agreed to four-hour pauses in the Gaza strip to allow humanitarian aid and assistance. It has been reported that Hamas and Israel are negotiating over release of the hostages, pauses and aids.

Wall Street and banking executives, one of the hallmarks of the job comes into play only at the end: a signed noncompete agreement. The employment clauses have long been used by big-name companies to prevent top employees from working for a nearby competitor, typically for six months to two years after leaving, allowing firms to protect intellectual property and deter brokers and consultants from poaching clients. But that may soon change in New York. Five months ago, the state Legislature passed a bill that would outlaw noncompete agreements, one of several efforts nationwide in recent years to protect a range of employees. All kinds of workers — from doctors to hairstylists to sandwich makers — are sometimes unknowingly trapped by the restrictive clauses. But as the implications of a ban at New York City's most powerful industries have come into focus, so has a deep-pocketed lobbying effort to persuade Gov.

For now, the agency has maintained its Aaa rating on US government debt. The US Treasury immediately voiced its disagreement with Moody's decision. «The American economy remains strong, and Treasury securities are the world's preeminent safe and liquid asset,» Deputy Secretary of the Treasury Wally Adeyemo in a statement. «The Biden Administration has demonstrated its commitment to fiscal sustainability, including through the more than $1 trillion in deficit reduction included in the June debt limit deal as well as President Biden's budget proposals that would reduce the deficit by nearly $2.5 trillion over the next decade.» The US budget deficit, published last month for the 2023 fiscal year ending September 30, has widened to $1.7 trillion. Due to interest rate hikes by the US central bank to curb inflation, the cost of debt for the United States has ballooned, with Washington paying $162 billion more for interest in the last fiscal year compared to 2022.

Also Read: From high inflation to import bill - the domino effect of rising crude oil prices on Indian economy Since November 2022 to now, Brent crude has swung from $89 per barrel to its 10-month high of $97 in late September, and coming down to its current $81.4 mark. Last week, the crude benchmark also crashed to $79/barrel mark over waning demand from top oil consumers including US and China. -In April 2023, OPEC+ announced oil production cuts of around 1.16 million barrels per day (bpd) in a surprise decision.

₹17,000 crore per month. Also Read: Down 4%, Nifty Midcap 150 declines more than Nifty 50 in October on global headwinds On Friday, the domestic equity benchmarks Sensex and Nifty 50 settled higher on Friday supported by fag-end buying in select heavyweights, including HDFC Bank and ITC, despite weak global cues. Nifty 50 ended at 19,425.35, up 30 points, or 0.15 per cent, while the 30-share Sensex pack ended 72 points, or 0.11 per cent, higher at 64,904.68.

Corporate America is grappling with persistent inflationary pressures and rising labor costs, a trend that echoes the challenges faced in early 2021. A recent Bloomberg Intelligence study, which analyzed earnings call transcripts, has highlighted the increasing frustration among businesses over these economic hurdles. Despite the Federal Reserve's efforts to curb inflation through interest rate hikes, companies are still struggling with the impact of higher prices and wages.