Remark Financial News

Sensex rallied 727.71 points, or 1.10%, to 66,901.91, while the Nifty 50 closed at 20,096.60 level, up 206.90 points or 1.04%. “We expect the market momentum to sustain over the next few days. However, several important events including India GDP, monthly F&O expiry, state election exit polls and OPEC+ meeting on Thursday could induce some volatility over the last 2 days.

The Emirati president-designate for the upcoming United Nations COP28 climate talks has forcefully denied a report alleging his nation planned to use the summit to strike oil and gas deals, a day before the summit was due to begin

Investing.com — The Dow gave up some gains to close flat Wednesday, though remained on track to post big November gains amid fresh optimism that the economy will avoid recession and ongoing optimism of Fed rate cuts of early next year.

By Stephen Culp

U.S. Deputy Treasury Secretary, Wally Adeyemo, had choice words for “bad actors” in the crypto space while delivering remarks at the Blockchain Association’s Policy Summit in D.C. Wednesday.

Supreme Court would consider framing guidelines for governors on deadline for granting assent to a bill or rejecting it and when a bill can be sent for presidential reference, a bench headed by Chief Justice of India DY Chandrachud has said. The CJI's remark came after former attorney general KK Venugopal, who appeared for the Kerala government, argued for such guidelines. Venugopal's demand was opposed by attorney general R Venkataramani.

Sensex rallied 727 points and Nifty closed above the 20,000 mark for the first time since September 18 driven by buying in heavyweight HDFC Bank, Axis Bank ICICI and TCS on expectations of more foreign fund inflows. In a remarkable day for Indian equities, the combined market valuation of all listed companies on the BSE reached the $ 4-trillion milestone for the first time on Wednesday. Both the benchmarks are less than 1% shy of the record highs hit on September 15. Here's how analysts read the market pulse: «Nifty moved up smartly as the bulls remained at the helm following a consolidation breakout on the daily chart.

Charlie Munger, the veteran investor and philanthropist, who bid adieu to the world on Tuesday. People in the financial fraternity across the globe mourned the loss and shared their stories of the impact that Munger had in their lives. Among them was Ravikant Rathore, Chief Investment Officer, Tata Pension Management. “Personally, Charlie has had a profound impact on me. He was a powerhouse of worldly wisdom, and his lessons went beyond investing to living a good life,” says Rathore. Here’s some key lessons Rathore learnt from Munger: * Avoiding Stupidity: We put all our efforts in trying to be smart to grow in life instead of focusing on simply avoiding mistakes. “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

Harvard University is breaking new ground in its curriculum, taking a page out of pop culture and offering a course titled "Taylor Swift and Her World." This course, led by Professor Stephanie Burt, aims to dissect the multifaceted influence of the pop icon on music, lyrics, culture, and beyond. The course will delve into the intricacies of Taylor Swift's extensive body of work, unraveling the layers of her music and lyrics. Beyond mere analysis, it will explore the cultural impact Swift has wielded, influencing not only fellow artists and writers but also resonating with today's youth.

12th Fail’ has crossed ₹50 crore mark at the box office collections, the makers of the film said on Wednesday. The movie ‘12th Fail’ is based on Anurag Pathak's bestselling novel about the journey of IPS officer Manoj Kumar Sharma and IRS officer Shraddha Joshi. Starring Vikrant Massey and Medha Shankar, the film was released in theatres on October 27 in Hindi, Tamil, Telugu, and Kannada.

Meanwhile, the crypto regulatory landscape faces renewed scrutiny in Hong Kong as news surfaces of the Hounax exchange founders’ disappearance, allegedly absconding with $19 million.

artificial intelligence (AI) are clear the moment you try it. But remarkableness is also a problem for managers. Working out what to do with a new technology is harder when it can affect so many activities; when its adoption depends not just on the abilities of machines but also on pesky humans; and when it has some surprising flaws.

Silkyara tunnel, a remarkable story of grit and gumption was playing out inside. The story was about how the trapped workers battled the elements to actively contribute to the rescue efforts being mounted from outside. According to various accounts of the events, the workers who went 17 days without sufficient food and fought irregular sleep and bouts of anxiety, played a critical role in their evacuation, ToI reported on November 29. The report details how the trapped workers helped in the deployment of oxygen pipes and set up safety points while rescuers were drilling from three different directions.

₹62,602 per 10 gm levels, which is its new peak on the commodity exchange. However, profit taking soon triggered and the yellow metal price touched intraday low of ₹62,431 per 10 gm levels within few minutes of commodity market's opening bell on Wednesday. In international market, spot gold price is oscillating around $2,047 per ounce levels.

The world of finance mourns the loss ofCharlie Munger, a luminary in the investing world and the trusted partner of Warren Buffett. Munger passed away at the age of 99 on Tuesday night in California. 

Former Federal Reserve Bank of St. Louis James Bullard provides insight on the state of the economy on 'The Claman Countdown.'

Bitcoin climbed back above $38,000 on Tuesday amid optimism the US central bank may be closer to lowering borrowing costs if inflation continues to decline. The largest cryptocurrency by market value gained as much as 3.3% to $38,264 before trimming the increase. Bitcoin reached an 18-month high of $38,422 on Friday. Lower rates generally increase investors’ appetite for riskier assets such as digital tokens. “As rates reverse, investors will return to risk assets in search of better returns,” said Michael Safai, partner at quantitative trading firm Dexterity Capital. “This, coupled with the momentum that crypto has built in recent months with ETFs and putting FTX in the rear-view mirror, has traders feeling like the conditions for a new bull run are coming together.” Federal Reserve Governor Christopher Waller said he’s encouraged by a recent slowing of economic activity, which may indicate the central bank’s policy is tight enough. He made the comments as part of prepared remarks Tuesday for an event at the American Enterprise Institute in Washington.

Asian stocks briefly made one-week highs on Wednesday, bonds rallied and the dollar sank on new hints at U.S. interest rate cuts, while the New Zealand dollar jumped after its central bank said another hike may be necessary if inflation proves stubborn. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade before weakness in Hong Kong tech shares dragged it back to flat. Japan's Nikkei fell 0.2%.

US Federal Reserve will not raise interest rates further. On Tuesday, domestic frontline indices ended with gains as fag-end buying helped snap two-day losing run despite mixed global cues. The Sensex ended 204.16 points, or 0.31%, higher at 66,174.20, while the Nifty 50 gained 95.00 points, or 0.48%, to close at 19,889.70.

A key Federal Reserve official raised the possibility that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died