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MUMBAI : A battle of nerves has built up in India’s derivatives market with foreign portfolio investors (FPIs) betting the indices will rise further, while an opposing camp of retail and wealthy investors is equally convinced they can correct. Even as markets have hit record highs, National Stock Exchange’s Client category—comprising largely high-net-worth individuals (HNIs) and retail investors—has taken a sizeable bearish position on index futures contracts, mainly the Nifty and the Bank Nifty, while FPIs have a bullish position on them. NSE data showed that Client held 85,251 cumulative net short contracts as of 22 December, while FPIs held 84,690 net long contracts.

Since the start of the year, gold has staged a stellar rally. In the years ahead, we believe it will continue to play a key role in an investor’s portfolio. Following are some of the factors that contribute to gold’s growing significance as an investment asset.

Wall Street closed its eighth straight winning week with a quiet finish following reports showing inflation on the way down and the economy potentially on the way up

The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that consumers should expect to see lower interest rates in 2024

Retailers are stepping up sales in the final days before Christmas.

Residents of the small fishing town in Iceland where a volcano erupted this week have been told they can return home

A Nevada tribe is gearing up for a different kind of fight against the U.S. government as it tries to build more public support for protecting Native American sacred sites

Stocks finished the day higher by around 1% yesterday, rebounding some from Wednesday's sharp sell-off; this made it an inside day.

By Lewis Krauskopf

Solana’s (SOL/USD) market performance in recent times has been nothing short of remarkable, with the cryptocurrency showing a significant upward trajectory.

These companies — Facebook (Meta Platforms), Amazon, Apple, Microsoft, Netflix and Google (Alphabet) -registered a 90% drop in active job postings in India in 2023 compared with the previous year, according to data put together for ET by specialist staffing firm Xpheno.

Hindi heartland were constructing houses, cleaning roads and toilets in Tamil Nadu was condemned by Bihar Deputy Chief Minister Tejashwi Yadav, whose party, the RJD, is a constituent of the INDIA bloc like the DMK. The RJD leader condemning Maran's comment assumes significance in the wake of the BJP questioning the 'silence' of parties that constitute the opposition alliance.The DMK has slammed the BJP for spreading 'falsehood,' asserting that Maran only stressed on learning the English language.

MUMBAI : It has been a tepid student placements season so far at India’s engineering colleges, and a similar lull is expected in business schools, particularly in the small cities. But for some, there's a bigger worry: without a job straight out of college, or jobs at lower salaries than expected, students who’ve borrowed lakhs of rupees to fund their expensive education might struggle to repay. While banks and non-banks—the ones who should be concerned—do not seem perturbed, faculty members Mint spoke with fear that the number of students defaulting on their loans could rise on the back of an estimated drop in median salaries.

Lingayats, the state’s largest community at their convention at Davanagere on Sunday, passed a resolution urging chief minister Siddaramaiah to reject the caste census report, and order a fresh one in an apolitical gathering that included ministers, and both Congress and BJP MLAs. The convention was chaired by All India Veerashaiva-Lingayat Mahasabha president Shamnur Shivashankarappa, a veteran Congress MLA. There were eight resolutions passed at the convention which included demands to include the community in the central OBC list. The massive gathering urged the community members not to mention their community by the name of their sub-caste or as Hindu, but to record as Veerashaiva or Lingayat, seeking to assert a separate religious identity. Former BJP CM Basavaraj Bommai and BJP state president BY Vijayendra attended the event.

ALSO READ: How much do famous YouTubers in India earn, and how? “In the wake of the recent controversy, it is important that I put out real facts and the truth," she said. “My motive behind going to Jagannath was to seek the blessings of Lord Jagannath and present information about the temple's infrastructure. I am a practising Hindu.

Turkey President Recep Tayyip Erdoğan has appointed professor Fatma Ozkul, an expert in crypto assets and blockchain technology, to the central bank’s rate-setting committee.

Vice President Jagdeep Dhankhar on Sunday described himself as a «sufferer» and asserted that despite taking all affronts and insult, one must never deviate from the path of service. He also said that one must give space to the points of view of others but people must show their «spinal strength» when views are presented with a design to derail others from their path. Addressing a group of Indian Statistical Service probationers here, Dhankhar said though he is the vice president and chairperson of the Rajya Sabha, «people don't spare me».

Mint’s Emerging Markets Tracker provides a summary of economic activity across 10 large emerging markets based on seven high-frequency indicators. With a composite score of 70, India topped the EM league table in November. Brazil and Mexico were second and third, respectively.

Redmi Note 13 5G series will launch in India on January 4. However, ahead of the Indian launch of the phone, its specifications and features have been leaked online. Tipster Sudhanshu Ambhore shared the complete specs sheet for the Indian and global variants of the Redmi Note 13 5G series in a post on X (formerly Twitter) The leaked specifications show that the Redmi Note 13 5G vanilla variant could sport a 6.67-inch AMOLED display with a resolution of 2400 * 1080 pixels.

The year 2023 was mixed for the Indian economy, with gross domestic product having expanded quicker than expected but the effects of a below-normal monsoon keeping inflation fears intact. While the government lent support to the economy through capital expenditure, gross fixed capital formation, a proxy for investments, remains low despite some improvement.

U.S. authorities toppled the king of crypto. But the queen is still standing.