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Quiver Quantitative — The euphoria on Wall Street encountered a reality check this week, with stocks and bonds retreating and raising questions about the sustainability of the recent market rally. The focus now shifts to upcoming key jobs data, which is anticipated to significantly influence the Federal Reserve's policy decisions. This turn of events follows a remarkable period of gains, with the S&P 500 and Nasdaq 100 experiencing robust growth last month. However, experts like Morgan Stanley’s (MS) Michael Wilson and JPMorgan’s (JPM) Mislav Matejka suggest that this rally might be treading on thin ice, with potential volatility looming on the horizon.

A Spanish fugitive wanted by the FBI for his role in providing blockchain services to North Korea has been arrested, according to a statement from the National Police of Spain.

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NEW DELHI : The Indian arm of German sportswear giant Adidas is putting a strategic focus on key segments such as running, cricket and the lifestyle brand Adidas Originals to amplify its market presence in the country, Neelendra Singh general manager for the India market, said in an interview. For instance, it sold over half a million Indian team jerseys during the recent ODI World Cup on the back of its partnership with the BCCI as the official kit sponsor of the Indian cricket team. Adidas has a network of over 350 franchise stores and 75 company-owned stores in India.

Gold fell more than 2% after hitting an all-time high on Monday as the dollar rebounded, but expectations of a cut in US interest rates in 2024 stemmed zero-yield bullion's retreat. Spot gold slipped 2.3% to $2,022.99 per ounce by 10:52 a.m. ET (1552 GMT). U.S.

Unsatisfied with the Ministry of Mines’ response that no capping is warranted on production of iron ore in Odisha, the Supreme Court on Monday sought the independent view of the Ministry of Environment, Forest and Climate Change (MoEF) on the impact of mining on the environment and the concept of intergenerational equity, the issues not looked at by the former. The Ministry of Mines told the SC that steel being an important pillar in achieving the economic goals of the nation and in making India self-reliant, any such capping would be highly detrimental towards achieving the common developmental goals of the nation. «Putting a cap on production of a mineral in a particular state, which is resource rich in that commodity, will jeopardise the economic development of the nation, mineral availability for the downstream industries and the requirement to sub-serve the huge population base of the country,” it said. A bench led by Chief Justice D Y Chandrachud sought to know if the MoEF was consulted by the Ministry of Mines on the issue.

The Dow Jones Industrial Average fell 156.12 points, or 0.43%, at the open, to 36,089.38. The S&P 500 opened lower by 30.26 points, or 0.66%, at 4,564.37, while the Nasdaq Composite dropped 136.37 points, or 0.95%, to 14,168.66 at the opening bell.

Fireside Ventures Investment Fund plans to sell its partial stake in Mamaearth parent Honasa Consumer through block deals on Tuesday, according to reports. The VC firm is offering 61 lakh shares or 1.9% stake in the personal care products maker.

Before long, the shortest route has the strongest chemical signature, helping other ants learn to use it, said Tshilidzi Marwala, an artificial intelligence engineer and rector of United Nations University. The «ant-based algorithm» and other learning systems, studied by data scientists, are now being used to reduce inefficiencies in manufacturing processes — one way to cut planet-warming emissions. «Today we have ant-based artificial intelligence algorithms, because (they) are quite efficient,» said Marwala, who is also a U.N. Under-Secretary General, in an interview at the COP28 U.N.

Securities Appellate Tribunal (SAT) on Monday set aside the penalty imposed by Sebi on Reliance Industries Ltd's Chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. The ruling has come after all the entities appealed before the tribunal against the order passed by the Securities and Exchange Board of India (Sebi) in January 2021. In January 2021, Sebi imposed a Rs 25 crore fine on Reliance Industries Ltd(RIL), Rs 15 crore on Ambani, who is the company's Chairman and Managing Director, Rs 20 crore on Navi Mumbai SEZ Pvt Ltd and Rs 10 crore on Mumbai SEZ Ltd in RPL case.

offshore oil fields were discovered in the Essequibo region and it came as a game changer to poverty-stricken Guyana. The picture of the country is changing since the discovery of oil reserves in 2015 after which they are earning around $1 billion in annual government oil revenue. The money is being used for massive infrastructure projects in the country.

Also Read: Stock Market Today: Nifty 50, Sensex clock robust gains; investors richer by about ₹6 lakh crore in a day Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, commented on the momentum, stating, “The Bank Nifty bulls made a strong comeback, surpassing the all-time high levels and dispelling the bearish sentiment. The momentum is anticipated to persist, with robust support identified at the 46000–45800 zone, serving as a cushion for the bulls.

The 30-share BSE Sensex jumped 1,383.93 points, or 2.05 per cent, to close at a lifetime high of 68,865.12. The index touched an intra-day record peak of 68,918.22. The barometer logged its biggest single-day jump since May 20, 2022.

Shares of Prestige Estates Projects Ltd.(up 6.46 per cent), DLF Ltd.(up 3.17 per cent), Mahindra Lifespace Developers Ltd.(up 2.6 per cent), Godrej Properties Ltd.(up 2.29 per cent) and Sobha Ltd.(up 1.99 per cent) ended the day as top gainers in the pack. On the other hand, Macrotech Developers Ltd.(down 0.69 per cent) finished as the top losers of the day.

Shares of Eicher Motors Ltd.(up 7.43 per cent), Bajaj Auto Ltd.(up 2.57 per cent), Mahindra & Mahindra Ltd.(up 1.92 per cent), Tube Investments of India Ltd.(up 1.74 per cent) and Hero MotoCorp Ltd.(up 0.98 per cent) ended the day as top gainers in the pack. On the other hand, Ashok Leyland Ltd.(down 1.04 per cent), Bosch Ltd.(down 0.62 per cent), TVS Motor Company Ltd.(down 0.3 per cent) and Samvardhana Motherson International Ltd.(down 0.16 per cent) finished as the top losers of the day.

NCLAT) to 20 (including the chairman) from the currently-sanctioned 12, a person aware of details told ET. The idea is to expedite the disposal of appeals against adjudicating authorities in cases ranging from insolvency, mergers and acquisitions to antitrust matters at a time when the economy is expanding at a fast pace, highlighting the indispensability of a much robust dispute resolution system, he said. The proposal comes on top of another plan to bolster the number of members at the National Company Law Tribunal (NCLT) to 163 (including its president) from the sanctioned 63, aimed at faster clearances of such cases, he added. “A final decision on these proposals will be taken by the Cabinet. A Cabinet note for this purpose has been floated by the ministry of corporate affairs (MCA),” said the person quoted above. At present, apart from chairman Ashok Bhushan, the NCLAT has two judicial members and six technical ones, according to its website.

The NSE Nifty index ended the session 418.9 points up at 20686.8, while BSE Sensex rose 1383.93 points to 68865.12. In the Nifty index, Eicher Motors Ltd.(up 7.43 per cent), Adani Enterprises Ltd.(up 7.13 per cent), Adani Ports & Special Economic Zone Ltd.(up 6.14 per cent), Bharat Petroleum Corporation Ltd.(up 5.37 per cent) and ICICI Bank Ltd.(up 4.70 per cent) stood among the top gainers.

₹13810 Crore in September and ₹17875 crore in October, as per NSDL data, the foreign portfolio Investors were net buyers in the Indian markets investing ₹8786 crore in November. It is the rising dollar index and higher US Bond yields since September that had meant that investments into emerging markets like India became less attractive for FPIs, the declining Bond yields and softening of dollar index now have been helping FPI flows into India.