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In the wake of Nipah infection rise, State Health Minister Veena George said that the virus strain seen in Kerala was the Bangladesh variant that spreads from human to human and has a high mortality rate, though it is less infectious. The Health Minister on Tuesday confirmed that the two people died at a private hospital on Monday in Kozhikode due to Nipah infection.

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RBI) and bond investors even though it remained above the RBI's target range of 2-6 per cent. As Mint reported earlier, quoting data released by the Ministry of Statistics and Programme Implementation (MoSPI), food inflation, measured by the Consumer Food Price Index, which accounts for nearly half of the overall consumer price basket, slowed to 9.94 per cent in August from 11.51 per cent in July. Core inflation at 4.8 per cent remained in line with the market’s expectations.

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Nifty both showed significant volatility throughout the session, while the mid- and small-cap markets saw a big wave of selloffs. Despite new valuation concerns, the market declined.

retail inflation eased in August, but remained above the upper end of the central bank’s target band for a second consecutive month. The CPI inflation in August fell to 6.83% from 7.44% in July. The Index of Industrial Production (IIP) rose by 5.7% in July, according to the official data.

Below is a list containing mean price targets for banking stocks collated with data from the latest Stock Reports Plus report dated September 12, 2023. The list also contains a count of analysts evaluating each banking stock for the next 12 months.

Sensex and Nifty50 closed flat on Tuesday. India VIX was up by 3% from 11.34 to 11.69 levels in the previous trading session. Volatility was on the rise and the index witnessed some profit booking after the rally of the last few sessions. On the weekly options front, the maximum Call OI is placed at 20100 and then towards 20200 strikes while the maximum Put OI is placed at 19900 and then towards 20000 strikes. Minor Call writing is seen at 20100 and then towards 20200 strikes while Put writing is seen at 20000 and then towards 19950 strikes. “Options data suggests a shift in a higher trading range in between 19750 to 20300 zones while an immediate trading range in between 19850 to 20150 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty witnessed a profit booking decline after touching a fresh all-time high of 20110 and took support near 19900 zones on Tuesday.

The bid price for Origin Energy from its North American suitors needs to be boosted towards $10 a share or higher to reflect the big lift in the takeover target’s business since it was agreed, Macquarie has told clients.

inflation data on Wednesday, while an oil price spike stoked anxiety about persistent price pressures, complicating the interest rate outlook. The euro edged higher and markets moved to favour a hike from Europe's central bank on Thursday, following a Reuters report that the European Central Bank (ECB) expects inflation will stay above 3% next year in its updated forecasts, well above its target of 2%. MSCI's broadest index of Asia-Pacific shares outside Japan was flat while Tokyo's Nikkei eased 0.2%. Australia's resource-heavy shares lost 0.7%, Chinese blue-chips were flat but Hong Kong's Hang Seng index moved 0.6% higher. At the forefront of markets' minds is the crucial U.S. Consumer Price Index (CPI) report expected on Wednesday, which should shed further light on the inflation outlook and provide some clarity about whether the Federal Reserve is done tightening. While core CPI is seen cooling to 4.3% year-on-year in August from 4.7%, rising energy costs are forecast to keep headline inflation hot.

wholesale inflation slowed in August for the eighth straight month, data showed on Wednesday, offering some relief for households and retailers hit by past sharp rises in raw material imports. The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 3.2% in August from a year earlier, matching a median market forecast. It slowed from a revised 3.4% rise in July, and is now off a peak 10.6% year-on-year surge hit in December last year, data by the Bank of Japan (BOJ) showed. «While crude oil prices remain high and yen falls continue, wholesale inflation is slowing… and could post a year-on-year decline in the fourth quarter,» said Toru Suehiro, an economist at Daiwa Securities. «The price declines seen for some goods can't be ignored» as it could affect households' perception of future price moves, he added. Rising wholesale prices, driven by last year's surge in global commodity costs and the weak yen, have pushed up Japan's broader consumer inflation by prodding many firms to charge households more for their goods. While consumer inflation has remained above the BOJ's 2% target for more than a year, the central bank has stressed the need to keep ultra-loose monetary policy until such supply-driven rise in prices is replaced by an increase backed by domestic demand.

UN General Assembly Dennis Francis said. «First of all, let me congratulate the government and people of India on the fantastic outcome of the G20 Summit,» Francis told PTI in an exclusive interview here. «I think it's a testament to the diplomatic skill and dexterity of Prime Minister Modi and his team that they were able to keep the G20 together in issuing a solid joint statement of partnership, which of course, is what we need,» Francis, who assumed his role this month as President of the 193-member UN body for the 78th session, said. «We need to build solidarity, we need cooperation, we need a conciliatory approach to our challenges — all of the things that are spelt out in the declaration,» he added. India hosted leaders of the world's biggest economies, including US President Joe Biden, French President Emmanuel Macron, Saudi Arabia Crown Prince Mohammed bin Salman, UK Prime Minister Rishi Sunak, Brazilian President Luiz Inacio Lula da Silva and Russian Foreign Minister Sergey Lavrov among others, for the G20 Leaders' Summit on September 9 and 10 in the Indian capital Delhi. As G20 President, India pulled off a big diplomatic win with the adoption of the New Delhi Leaders' Declaration at the summit, overcoming major differences in the Russia-Ukraine war. The announcement about the consensus on the 34-page declaration and its subsequent adoption came hours after India circulated a new text to the G20 countries to describe the Ukraine conflict. «We have just received good news.

interest rate unchanged at the end of its Sept. 19-20 policy meeting and probably wait until the April-June period of 2024 or later before cutting it, according to economists in a Reuters poll.Fed Chair Jerome Powell underscored the «higher-for-longer» mantra for rates in a speech at the annual Jackson Hole central banking symposium in August and maintained another rate hike might still be needed to bring inflation down to the 2% target. But other members of the rate-setting Federal Open Market Committee (FOMC), including some of the more hawkish ones, have raised the possibility of holding off on another rate hike to allow more time to gauge the impact of the cumulative 525 basis points of tightening delivered by the Fed since March 2022. More than 95% of economists, 94 of 97, in the Sept.

Indian stock market is expected to open on a cautious note Wednesday tracking mixed cues from global peers. The Asian markets traded mixed, while the US stock market ended lower overnight dragged by weakness in tech stocks. Investors’ sentiment may dampen as a surge in crude oil prices, with Brent oil trading above $92 a barrel, is expected to stoke inflation fears ahead of US inflation data.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty settled lower in the previous session, exhibiting significant volatility with the mid and smallcap spaces witnessing a strong wave of selloffs. Investors booked profits after the blue-chip index hit a record high near the open, while the small-caps and mid-caps snapped an 11-session winning run. Sensex closed at 67,221.13, up 94 points, or 0.14 per cent while the Nifty closed the day at 19,993.20, down 3 points, or 0.02 per cent.

Oracle sank 9% on Tuesday, after a weak forecast suggested strong competition in the cloud-computing industry and a digital spending pullback were weighing on its revenue growth. The company was on track to lose about $30 billion in market value, based on its premarket share price of $115. The stock has risen 55% this year on optimism the rise of generative AI would drive up cloud demand. Lower-than-expected revenue for the first quarter and a below-estimate forecast for the second, however, signaled the boost from AI would take longer to materialize. Oracle, known for its database software, has been playing catch-up with cloud majors such as Amazon Web Services, Microsoft's Azure and Alphabet's Google Cloud at a time businesses are dialing back tech spending over concerns about the economy. CEO Safra Catz also warned of near-term weakness in revenue growth at the Cerner health records business, which Oracle bought for $28.3 billion last year.

Wall Street stocks ended lower on Tuesday as Oracle shares tumbled more than 13% after a weak forecast and surging oil prices deepened worries about persistent price pressures ahead of crucial inflation readings this week.Oracle shares dived to their lowest since June after the cloud-services provider forecast current-quarter revenue below targets and narrowly missed first-quarter expectations. Cloud-computing heavyweights Amazon.com and Microsoft each fell more than 1%, pressured by Oracle's weak forecast and by a rise in U.S. Treasury yields. Oil prices jumped more than 1%, building on a recent rally and stoking worries that sticky inflation could mean U.S.

lending in the segment where the demand is for loans of up to ₹5 lakh, its chairman said. The state-owned lender will press the pedal on its 'Prayaas Programme' that targets businesses that are looking for loans between ₹1 lakh and ₹5 lakh, which are not served by other established lenders such as banks and even non-banking finance companies in general. «The development finance institution is ramping up the lending between ₹1 lakh to ₹5 lakh as this sector is underserved,» said SIDBI chairman S Ramann. «Total MSME credit in the country is about ₹24 lakh crore.

Republican senators blasted a range of SEC rule proposals Tuesday — from mutual fund reform to a measure targeting advisor and broker conflicts when using artificial intelligence — while the agency’s leader assured them he is listening to critics.

In recent market movements, Bitcoin has shown resilience as it bounced back from the significant $25,000 support level, leading many to question if the recent sell-off is coming to a close. 

The recession question is never far away and there is no consensus on when or how deep it will be.