In the first year of the new decade, we'll mark the 75 years of our Independence and 72 years of India as a Republic, but there are many questions, which assail the common Indian.
The BSESENSEX hit the important milestone of 50,000 and reacted quite sharply from there. It was like it got a 440-volt electric shock and lost ground for the remaining two days of the week. The headline number for the week says that the BSESENSEX lost 156.13 points or 0.32 per cent to close at 48.878.54 points. NIFTY lost 61.80 points or 0.43 per cent to close at 14,371.90 points. The low and high for the week was 48,403.97 points and 50,184.01 points on the BSESENSEX. It was 14,222.80 points and 14,753.55 points on NIFTY.
India's victory in the Test series against Australia exemplified the unpredictability that the game offers to make it so special. In both the third and fourth Test matches, India looked defeated and ready to be slaughtered by the strong Australian bowling attack. The present breed of young Indians' never-say-die attitude came forth beautifully. The biggest change that modern India has to offer to the world is the change in the attitude of the youth of India.
With the inauguration of Joe Biden as the 46th President of the United States, America is closing one of the darkest and saddest chapters in its history and opening a new one filled with hope and optimism. The swearing-in of the former Vice President and Senator heralds a new dawn not just in the United States but the world as well.
Post-Brexit strategy poses great challenges for the UK; to redefine its internal and external policies besides handling the worsening pandemic situation calls for pragmatism in a large dose.
Markets continued their upward movement but not without their corrections and sharp intraday moves as well. On three of the five trading days we saw markets slipping into the red or negative territory and then recovering to close higher. This also led to sharp movements between the high and the low of the day.
New Delhi, Jan 15 (IANS) On Friday, when President Ramnath Kovind donated Rs 5 lakh in personal capacity for the construction of Ram Temple in Ayodhya to the trust, life came a full circle for the Indian Republic. In 1951, when deputy Prime Minister Sardar Patel wanted the Somnath temple to be renovated by the Congress, it was opposed tooth and nail by Pandit Nehru, who wanted the new state to be at arm's length from the renovation of the Somnath temple in Gujarat.
The recent rapprochement between Qatar and Saudi Arabia, UAE, Bahrain, Egypt and other GCC members may have a positive fallout on the regional relations and balance of power.
The presidential election in the US marked by an unusually confrontationist run up to the polls and an equally bitter post-poll phase of transition, made a wrong sort of history when hundreds of supporters of outgoing President Donald Trump converging on the Capitol Hill in Washington D.C. indulged in violence there on January 6, the day a joint session of the Congress was set to finally certify the victorious candidate. The facts that as many as four protesters lost their lives and an officer of the Capitol Police force succumbed to injuries inflicted by the mob, speak of the seriousness of an event that seemed to the world outside as an unprecedented physical attack on the Parliament of the oldest democracy by a politically driven mob of Republican followers pushed to a height of frenzy by their Presidential nominee himself.
Kamal Hasan's political party in Tamil Nadu promised salaries to housewives as part of its electoral campaign. And the idea was welcomed by Congress politician Shashi Tharoor. Today, the media is also celebrating the longest flight and the first from San Francisco to Bengaluru manned by an all women crew of pilots and co-pilots led by Captain Papagiri Thanmai and Captain Zoya Aggarwal.
With the Covid-19 pandemic hitting the countrys economy hard, preparation of the Union budget for the next fiscal is a big challenge for the government this time.
Markets were struggling after four days of trading last week, but Friday turned the tables and saw a very sharp rally. They ended the week with gains of around two per cent. BSESENSEX gained 913.52 points or 1.91 per cent to close at 48,782.51 points while NIFTY gained 328.75 points or 2.35 per cent to close at 14,347.25 points. The broader markets saw BSE100, BSE200 and BSE500 gain 2.85 per cent, 3.00 per cent and 3.07 per cent respectively. BSEMIDCAP gained 5.36 per cent while BSESMALLCAP was up 3.55 per cent. In sectoral indices, the top gainer was BSEMETAL up 9.06 per cent while the only loser was BSEFMCG down 0.79 per cent.
With Bitcoin reaching a record high of US $40,000, there is fresh media attention on the whole crypto subject. Once called the riskiest asset is now the hottest and is regarded as the heir to the gold. The new enthusiasm from the younger investors is driving the rally. The asset has gained nearly 300 per cent this year.
Moscow, Jan 6 (IANS) The Russian Foreign Ministry said that the US is responsible for Iran's recent decision of enriching uranium to 20 per cent.
United Nations, Jan 6 (IANS) A Chinese envoy on Tuesday called for caution in dealing with the issue of Syria's chemical weapons.
The British public will have to face the repercussions of the sordid Brexit saga, mostly based on lies, during the pandemic times.
Calendar year 2020 has come to an end and it was a spectacular one for the markets, not withstanding Covid-19. The benchmark indices returned gains of 15.75 per cent on BSESENSEX and 15.75 per cent on NIFTY. Bank NIFTY returned negative returns of 2.79 per cent.
With India being part of United Nations Security Council (UNSC) as non-permanent member from January 1, 2021, and UN 75 years of celebration (2020) hangover rolling over to next year, the debate on UNSC reforms continues, with no worthwhile progress, despite high pitch for reforms made by many countries including India.
New Delhi, Jan 2 (IANS) The year 2020 was not just another year but much more than that. It was actually a number of years rolled into one. Towards the end of the first quarter in mid-March, the breakout of the pandemic covid-19 impacted all walks of life across the globe in many ways and virtually brought the world to a halt. Things then began to improve towards the end of the year and we have seen more than half a dozen vaccines being rolled out. India has been no different and we have seen one of the strongest economic revivals in recent times.
The Pakistani leadership is at ease cheating their own friends and mentors and oftentimes have used one against the other; each to the benefit of Islamabad. Moeed Yusuf will fulminate and claim ignorance, but one just needs to remember that the nation supported Osama bin Laden till his killing by US Navy Seals; embarrassingly in the Pakistani garrison town of Abbottabad a mile and half away from the Pakistani Military Academy, the equivalent of West Point. Smarting over the slight, the Pakistan Army quietly handed over the stealthy Blackhawk helicopters to the Chinese engineers at the Sino-Pak joint production facility for JF-17 aircraft at Kamra.
The recent bonhomie between India and the UK during the continuing Covid-19 pandemic indeed comes as a real surprise. The Indo-UK bilateral ties during the recent times cant be labelled as one very strong or warm. One reason for this might be due to the wrong decisions or priorities set by the continuing British governments. During the last 25 years or so, at the cost of India, the British have preferred to pamper and strengthen its ties with China. Or as seen by the Indian establishment they have not been offered an equal seat at the table.
New Delhi, Dec 27 (IANS) Markets saw a sharp plunge when trading began for the week on Monday on account of the new Covid-19 virus strain found in UK. BSESENSEX and NIFTY lost about 4.5 per cent on an intraday basis but recovered a fourth on that day itself. The story of the week is the fact that all losses of Monday were just about recovered in the next three days. This shows the market resilience and the bulls resolve to just not let go. They have the market in full control.
The uncertainties of cricket played a cruel joke on the Indian team in the first Test match against Australia in Adelaide. Indian supporters and fans were aghast when India posted their lowest ever total of 36 runs in their second innings. The super stars of modern India, considered to be the best cricket team that India has ever produced, looked amateurish. They now need to resurrect and forget the appalling performance.
Ottawa, Dec 24 (IANS) Canadian Prime Minister Justin Trudeau has announced that his government will extend the ban on passenger flights from the UK until January 6 in the wake of the discovery of two new coronavirus strains in Britain.
No one ever thought of the scale and magnitude of disruption that was caused by the Covid-19 pandemic. In the aftermath, the resurgence would be equally trying especially in a country like ours with a complex economic framework. However, we need to applaud the government for paving the way for an impressive recovery, with a judicious mix of spending and structural reforms. The outcome of the efforts visible in the Q2 numbers which showed a single-digit economic contraction of 7.5 per cent as compared to 23.9 per cent in Q1. The figure beats the global average, where according to an analysis, 49 economies declined at an average of 12.4 per cent.