Show Financial News

Wheel of Name has emerged as a versatile and engaging tool for boosting participation, driving decision-making, and adding an element of fun to various activities. However, to truly harness its full potential, users must understand how to customize their BravoWheel to suit their specific needs and desired outcomes. This article explores the origins of the spin the wheel concept and the unique capabilities of the BravoWheel platform.

By Mike Dolan

By Tetsushi Kajimoto

Sensex beyond the 71,000 mark and making 21,000 the new pincode for Nifty, FIIs (foreign institutional investors) have been pouring in over Rs 3,900 crore daily on an average in December, making the 30-pack index stronger by 4,000 points so far in the month. NSDL data shows that in the first 10 days of the month, FIIs invested Rs 39,260 crore on Dalal Street. And now with the US Fed hinting at 3 rate cuts in 2024, the market could once again see a flood of foreign money chasing Indian stocks in the new year. The sharp uptick in FII flows comes after November's Rs 9,000 crore inflow and non-stop selling in September and October months. «This market has made a high despite the fact that we have yet to see significant FII inflows.

Colgate-Palmolive (India) Ltd. dropped 0.07 per cent to Rs 2374.9 at 12:07PM (IST) in Friday's trade. The scrip hit a high of Rs 2408.7 and low of Rs 2371.6 so far during the session.

Mayuresh Joshi, Head, Equity Research-India, William O'Neil, says “as metal demand comes back slowly and steadily as far as China is concerned, the expectations of a soft landing in the US, strong recovery signs that we are seeing in Europe and holding out of macros and the expectations of infra spend in India, is expected to keep volumes afloat as far as Indian companies are concerned. With a sharp recovery in LME prices, the large expectation is that operating leverage should start kicking in from the first of the next financial year. It is a pre-emptive move that we are probably seeing on a lot of these counters.” What do you think is aiding the move in metals and is it sustainable? Two-three factors are clearly aiding the kind of growth that is now coming through for the sector as a whole. One, yesterday, Powell statement which is clearly indicating that at some stage in the second half of the next calendar year rate cuts will be a given, that will give a huge boost to the global economy and commodities in general should see a huge comeback.

A look at the day ahead in European and global markets from Kevin Buckland

Investing.com-- Gold prices rose slightly in Asian trade on Friday, extending a push above key levels after dovish signals from the Federal Reserve sparked steep losses in the dollar and Treasury yields.

By Nell Mackenzie

Let him cast the first stone, he who has not sinned, said Jesus Christ. He was admonishing a crowd gathered to stone a woman of sin, one Mary Magdalene. He might have said the same thing at the Dubai climate summit, addressing the delegates from the rich world hollering for an early elimination of fossil fuels.

Bill Clinton-- were impeached. Fourth Richard Nixon had resigned before his impeachment was put to vote. Now, Joe Biden faces the axe of a probable impeachment right before the Democratic leader would begin his election campaign for the US Presidential Poll 2024.

The US 10-year bond yield has seen significant movement in the 4.5-4.9% range over the past two months. Some investors expected the Federal Reserve to begin easing monetary policy sooner on growth concerns, and were thus bidding up bond prices, causing yields to fall. At the other end, consistent pressure on the US fiscal deficit and a lack of faith in the Fed’s easing was putting upward pressure on yields.

Cholamandalam Investment & Finance Company Ltd. gained 0.86 per cent to Rs 1239.65 at 10:56AM (IST) in Friday's trade. The stock has hit a high of Rs 1246.1 and low of Rs 1229.0 so far during the session.

TOKYO (Reuters) — Japan's core consumer inflation was expected to ease in November, slowing down to the level seen in mid-2022, partly as energy price gains weakened, a Reuters poll showed on Friday.

Investing.com-- Most Asian currencies steadied after a recent rally on Friday, while the dollar languished at four-month lows as traders positioned for deeper-than-expected interest rate cuts by the Federal Reserve in 2024.

Simbhaoli Sugars’ plans of a one-time settlement with lenders hit a roadblock with a division bench of the Allahabad High Court directing the Central Bureau of Investigation (CBI) to probe whether loans were sanctioned in contravention of Reserve Bank of India (RBI) guidelines and whether there was a case of money laundering. The court order came in response to a writ petition by the company seeking to squash insolvency proceedings initiated against it by State Bank of India (SBI) after the company could not convince the lender of its intention to complete the payments related to the one-time settlement (OTS). Simbhaoli Sugars owes lenders nearly Rs 1,500 crore. “The petitioner has filed the petition with the sole intention of holding back the NCLT (National Company Law Tribunal) proceedings,” a division bench of Mahesh Chandra Tripathi and Prashant Kumar said in the order.

Federal Reserve's policy meeting earlier this week. Gains were seen across all the sectors. The BSE Sensex was trading 287 points or 0.41% higher at 70,801.

Dolly Khanna, whose portfolio is managed by her husband Rajiv Khanna, have given multibagger returns inching up to 228% in 2023. Data available till the end of the September quarter on ACE Equity showed that Khanna owned 18 stocks in her portfolio out of which Chennai Petroleum, Talbros Automotive, Prakash Pipes, Tinna Rubber and Control Print have given multibagger returns this year. We have excluded stocks that were not owned by her. Prakash Industries has also given multibagger returns in the last one year but it is not considered in this list as the stock was not in her portfolio in December 2022. Chennai Petroleum Corporation Chennai Petroleum owns one of the largest standalone refineries in south India with a capacity of 10.5 mtpa.

Lalit Jha, the fifth accused and mastermind in Parliament security breach case, has burnt the mobile phones of his associates along with his friend Mahesh after fleeing to Rajasthan's Kuchaman, said police sources. Ahead of the incident, all four accused had handed over their mobile phones to Jha so that crucial investigation details cannot get into police hands as they were anticipating their arrest. In Kuchaman, Jha met his friend Mahesh, who got him a room for the night. Both of them had met through Facebook, as revealed by Jha during his interrogation. However, Delhi police are verifying all the claims made by Jha.

Meta and China's TikTok restricted a record number of social media posts and accounts in Malaysia in the first six months of 2023, data published by the firms showed, amid a jump in government requests to remove content. Malaysia Prime Minister Anwar Ibrahim's administration, which came to power in November 2022 on a reformist platform, has faced accusations of backpedaling on its promises to protect freedom of speech amid increased scrutiny of online content in recent months.

By Laura Sanicola and Andrew Hayley