Indian Prime Minister Narendra Modi inaugurates the 9th G20 Parliamentary Speakers' Summit (P20) on 13 October 2023 at Yashobhoomi, New Delhi. The summit is being hosted by the Parliament of India under the broader framework of India’s G20 Presidency.
How did Mossad, Israel's master spy intelligence agency fail to prevent the attack? Despite having the best intelligence agencies out of all the nations in West Asia, how did Israel remain unaware of the attacks launched by Hamas? Hamas' militants broke through the border fences at multiple positions, paraglided into the territory and rampaged through the Israeli colonies. These attacks by Hamas left thousands dead & many wounded. Watch to find out.
US President Joe Biden denounced Hamas’ attacks as terrorism and said the United States stands with Israel. The death toll from the ongoing violence between Israel and Hamas has surpassed 1,800, with over 1,000 killed and 2,700 injured in Israel and at least 830 people killed and 4,250 injured in Gaza, according to Palestinian and Israeli health services.
With the Israel-Hamas war spilling into day 3 and Israel PM Netanyahu warning of a 'long and difficult war', India will have to be agile and balanced in its approach and work towards ensuring that the war does not spill to Iran. Geo-political and economic experts concur that higher oil prices, coupled with El-nino could put stress on India’s finances and policy decision. Watch this discussion.
Wall Street’s main indexes reversed early declines to close higher on 9th October 2023, as investors digested the latest news on the war between Israel and the Palestinian Islamist group Hamas. The Dow and S&P 500 each climbed about six-tenths of a per cent, while the Nasdaq rose roughly four-tenths. Energy and defense companies were rallying while shares of airline stocks dropped.
The market failed to extend the momentum seen last week and wiped out all the previous two days' gains on October 9, especially after conflict escalated between Israeli and Palestine, which ultimately boosted oil prices in the international market. The Nifty50 has managed to defend 19,500-19,450 area amid volatility and selling pressure, which if it holds in coming sessions then the resumption of upward rally towards 19,600-19,800 will be seen again, whereas the crucial support for the index remains at 19,300 levels, experts said. The BSE Sensex declined 483 points to 65,512, while the Nifty50 climbed 141 points to 19,512. On the broader markets front, the Nifty Midcap 100 and Smallcap 100 indices were down 1.3 percent and 1.8 percent, respectively, on weak breadth, while the volatility index, India VIX jumped sharply by 12.11 percent to 11.40 levels, giving discomfort for bulls. This morning global cues are positive with US markets clocking in gains overnight as Fed members signal caution over future rate hikes. Asia is off to a strong start with the GIFT Nifty hinting at a start above the 19,600 mark. Meanwhile, stock in focus today are Dr Reddy’s as arm faces anti-trust complaint in U.S. over cancer drug Revlimid. Also in the spotlight will be Mazagon Dock, Genus Power and Phoenix Mills. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, VP- Research (Derivative’s & Technical), Tradebulls Securities and Sandeep Raina, Executive Vice President- Research, Nuvama Professional Clients Group.
Over 2,900 were wounded as the war between Israel-Palestine escalates to third day. Israel escalated measures against the Hamas-controlled Gaza strip to a complete blockade.As the war escalates, many world leaders expressed support for Israel on social media and condemned attacks by Hamas. What are the global reactions to the war and how are markets reacting to the war announcement? Moving onto India, where the Earnings season is about to kick off. India's largest IT services exporter, said its Board of Directors would consider a proposal for buyback of equity shares & will announce its quarterly earnings report on October 11. Moving onto trends sector, where India’s favourite sport Cricket might find a place in the LA olympics. For more latest updates across the globe watch today’s edition of Newspresso with Moneycontrol’s Stacy Pereira.
Oil prices up 4.5% after falling 8% last week. No supply impacted yet due to Israel-Hamas conflict. Catch Manisha Gupta in conversation with Peter McGuire, CEO—XM Australia as they talk crude only on Commodity Corner.
Afghanistan Earthquake: More than 2,400 people were killed, the Taliban administration said on October 8. According to the US Geological Survey, the earthquake hit the west of the country with one reaching a 6.3 magnitude. Earthquakes have led to massive destructive where thousand of homes have been destroyed. Watch to get more details on Afghan’s rescue operations.
Russian President Vladimir Putin on Thursday called the Canadian parliament’s standing ovations to honour a Ukrainian war veteran, who served in Nazi Waffen SS units “disgusting”, and said it showed Moscow was right to “denazify” Ukraine. Canadian Prime Minister Justin Trudeau last month formally apologised after the speaker of the Canadian House of Commons, Anthony Rota, praised 98-year-old ex-soldier Yaroslav Hunka in the chamber while Ukrainian President Volodymyr Zelenskiy was present. Rota said he had made a mistake and resigned. Watch to know what Putin said!
Brent crude fell below $85/bbl for the first time since August. This has caused demand worries. The crude's drop was followed by a plunge in gasoline after the U.S. data showed stockpiles surge and demand fall. Where is Crude headed? Will markets remain volatile? In an exclusive conversation, Peter McGuire, the CEO of XM-Australia joins Moneycontrol's Nickey Mirchandani in a conversation, he said he sees more upside for gold; continues to eye the dollar index and higher interest rates, he added that further hike or more consideration for fed rate hikes which could acts as dampener for equities. Ask traders to be very mindful of where interest rates and their impact as far as from an inflation standpoint. Watch!
On September 30, Muizzu, widely perceived to be pro-China, won the Maldives presidential election by defeating the incumbent Ibrahim Solih in a second-round runoff. What does his victory mean for India-Maldives relations? Watch to find out.
In today's edition of Newspresso, here are the stories that you need to look forward to. Oil prices fell about 2% on Thursday, extending the previous session’s losses of nearly 6%, as worries about fuel demand outweighed an OPEC+ decision to maintain oil output cuts. RBI will announce its monetary policy decision today. RBI is likely to maintain the status quo. Yesterday kicked off the first World Cup match in Narendra Modi Stadium Ahmedabad, but the match was met with empty stands. Fans expressed their sadness over the issue on social media, what did they have to say? Watch with Moneycontrol's Stacy Pereira to know more.
India has asked Canada to withdraw around 40 diplomatic staff by October 10 a ties between the two countries continue to worsen following a row over the killing of Hardeep Singh Nijjar, a Khalistani separatist. The government says the move is aimed at bringing parity between the diplomatic strength of the two countries. Watch for more
Wall Street finally saw some green! Stocks were aided by a retreat in Treasury yields. The Dow jones rose 0.39% and snapped a three-day losing streak. Moving onto India, where the Enforcement Directorate has summoned Actor Ranbir Kapoor as it probes the mahadev betting app case. Along with Ranbir Kapoor there are several other celebrities who are being questioned linked to Fairplay. And to one of the most exciting events for the year, ICC World Cup will begin today. For the latest updates across the globe watch today’s edition of Newspresso with Moneycontrol’s Stacy Pereira.
The 2023 Nobel Prize in Physics was awarded to Pierre Agostini, Ferenc Krausz, and Anne L'Huillier for their groundbreaking work in generating ultra-short light pulses of capturing rapid atomic changes. This innovation could potentially lead for improving disease detection through enhanced insight into atomic dynamics. According to the Nobel Academy, their research has given humanity new instruments to investigate the motion of electrons within atoms and molecules.
European Central Bank President Christine Lagarde Speaks At The 2023 Conference On Monetary Policy
Urban Extension Road 2 (UER 2) will reduce the travel time from north Delhi to IGI airport to 20 minutes. Addressing the Indian diaspora in Prague, Union Minister Nitin Gadkari said UER-2 will get operational in two to three months. So, what is UER 2 and how will it cut the travel time? Watch the video
Republican Vivek Ramaswamy vowed to end birthright citizenship of illegal immigrants in the U.S. As per data from 2019, there are over 11 million immigrants living illegally in the U.S. But what does the Birthright Citizenship law state? How many countries offer birthright citizenship? And how can one apply for citizenship in the U.S.? Watch.
Indian markets staged a smart recovery a day after clocking a 1 percent cut on September 28. Key indices managed to close the week only 0.2 percent lower. The Nifty settled 0.18 percent down at 19,638 and the Sensex was down 0.27 percent at 65,828 for the week. Within sectors, Nifty Realty and Nifty Pharma were the top gainers while IT and Consumer Durables were the top losers. Meanwhile, the broader markets remained buoyant with Nifty Midcap 100 and Nifty Smallcap 100 gaining 1 percent and 2.18 percent for the week, respectively. With the onset of October, market experts believe that the ‘sell on rally’ market construct is likely to change, pushing Nifty back towards the psychological 20,000 mark. This morning global cues are mixed with both Wall Street futures and Asian markets trading sideways to higher. The GIFT Nifty is hinting at open below 19,600. Meanwhile, today the market will react to September auto sales numbers and Vedanta’s announcement of a demerger into 6 listed entities. Also in focus will be RK Forgings after board approval to raise funds via QIP. 2 new listings to wath out for today – JSW Infra and Vaibhav Jewellers. Catch Nandita Khemka in conversation with Rakesh Arora, Managing Partner - Go India Advisors and Sacchitanand Uttekar, Tradebulls Securities.
Asia-Pacific stocks fell even after China’s manufacturing data bounced back to expansion territory. To top news from India, Bihar has become the first state to release data from a caste-based survey. What does the report indicate? Nobel Prize in Medicine was awarded to Katalin Karikó and Drew Weissman for enabling development of effective mRNA vaccines against Covid-19. In this edition of Newspresso with Stacy Pereira, we bring you these and more stories from across the globe.
Meta has unveiled its brand new Mixed reality headset-Quest 3. It is set to hit the markets on October 10, 2023 and comes with a set of significant changes. Watch to know more!
United States Presidential candidate Vivek Ramaswamy, who is currently travelling the length and breadth of the country to win the trust of the common man in different states, shared a video on X (formally twitter) where he was speaking to one of the Indian origin supporters in Tamil. Vivek proudly showed off his Indian roots. Watch for more!
Switzerland is home to more than half of the glaciers in the Alps. The glaciers in Swiss have suffered their second-worst melt rate this year after record 2022 losses. The glaciers haver shrunk their overall volume by 10% in the last two years. It means they lost as much ice in two years as in the three decades before 1990.
On Thursday, stock prices experienced an uptick as Wall Street aimed to recover from significant losses earlier in the month. This month and quarter have presented challenging conditions for stocks, with the Dow expected to conclude September down by 3% and the quarter by over 2%. Amid the diplomatic tensions between India and Canada regarding the killing of Khalistani terrorist Hardeep Singh Nijjar on Canadian soil in June this year, S Jaishankar, India's External Affairs Minister, has met with US Secretary of State Antony Blinken in Washington . The esteemed actor Michael Gambon, renowned for his depiction of Hogwarts headmaster Albus Dumbledore in six out of the eight Harry Potter films, has passed away at the age of 82. Catch Stacy Pereira as she brings your daily dose of Newspresso
The crude oil prices have experienced a significant increase, reaching a peak not seen in 10 months and surpassing $90 per barrel. This surge is attributed to the concerted efforts of Saudi Arabia and Russia to limit oil supply by withdrawing barrels from the market, resulting in a depletion of oil stocks. the Armed Forces (Special Powers) Act, known as AFSPA, was renewed for an additional six months in Manipur. The Bengaluru performances of comedian and TV show host Trevor Noah have been called off. Noah, initially scheduled to perform in Bengaluru on the evening of September 27th, made this announcement earlier on his social media platform, X. Catch Stacy Pereira as she brings your daily dose of Newspresso.
The US Federal Trade Commission has filed an antitrust lawsuit against Amazon. They say that Amazon is harming consumers by keeping prices high artificially, and also claims that the company is not letting rivals compete fairly. This in fact is not the first time the state has sued the online retailer - watch for more details
Indian equity market ended another lacklustre session on a flat note with a negative bias on September 26. Overall, the benchmark indices traded within the previous day's range and the trading range narrowed compared to the previous session, indicating the possibility of a sharp move on either side of the trade in the coming sessions. On the higher side, the Nifty may face resistance at 19,800, while in case of correction, it may get support at 19,600-19,500 levels, experts said. The BSE Sensex declined 78 points to 65,945, while the Nifty50 dropped 10 points to 19,665. The broader markets had a mixed trend, with the Nifty Midcap 100 index falling 0.2 percent and Smallcap 100 index rising 0.6 percent. This morning global cues are largely negative with Wall Street clocking steep losses and Asian markets trading fixed in early trade. GIFT Nifty, too, is hinting at a negative start. Among stocks in the spotlight are Vedanta, Infosys, Suzlon and Nestle. Two new listings to watch out for today: Sai Silk and Signature Global. Catch Nandita Khemka in conversation with Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Securities and Nirav R Karkera, Head - Research, Fisdom.
Wall Street falls sharply as its September slump gets worse. The Wall Street saw a sharp drop for stocks. The S&P tumbled 1.5% for its fifith loss in six days. Bollywood legend Waheeda Rehman to win India's most prestigious award, DadaSaheb Phalke Award. Catch Stacy Pereira live on Newspresso to know more.
India's External Affairs Minister S Jaishankar Addresses the United Nations General Assembly. Amid rising tensions between Canada and India, What will his speech convey? Watch Live.
On September 24, NASA’s space capsule returned to Earth with the largest-ever soil sample of an asteroid named Bennu. The space capsule landed in its designated area in the desert of Utah’s Salt Lake City. This mission concludes NASA’s seven-year mission. The soil sample weighs about 250 grams and will be transported to the Space Center. But what will happen next with the Asteroid Sample? Watch this video to find out.
The e-commerce giant, Amazon will invest upto $4billion in a San-Francisco based AI firm, Anthhropic. This move will give a push to Amazon's AI and it would compete with rivals including Microsoft and Google. OpenAI, the startup behind ChatGPT has announced roll-out of new features where ChatGPT can see, hear and speak. Watch Stacy Periera live on Newsresso to know more.
On Friday, the Union of Auto Workers or UAW announced an expansion of its strike against Detroit automakers General Motors and Chrysler parent Stellantis. The strong demands from the Union include a 40% raise in pay over the four years of contract. Indian benchmark indices Nifty 50 and Sensex ended in the red for fourth day in a row on Friday. Nifty ended below 19,700. India hosted its first-ever MotoGP Grand Prix from September 22-24th. Watch Stacy Periera live on Newspresso to know more.
Prime Minister Narendra Modi attends and addresses the Nari Shakti Vandan-Abhinandan Karyakram at the BJP HQ.
In today's edition of Newspresso these are the stories that you need to watch out for; Fed's forecast of yet another hike this year sends bond yields surging. the U.S. benchmark 10-year Treasury yield popped 15 basis point to hit a high of 4.498%, its highest level since 2007. Furutres tied to Wall street averages trade in the negative. Now, onto the next, Moneycontrol reported back in May and now it's confirmed. Glenmark Pharma has agreed to sell a 75% stake in its subsidiary Glenmark Life Sciences to Nirma Group for Rs.5,651 cr. And to everything that is breaking the internet. Congress leader Rahul Gandhi wore a coolie shirt & hauled luggage at the Anand Vihar station in Delhi. But why? Watch Newspresso with Stacy Pereira for more details on these stories and much more.
In today's edition of Newspresso these are the stories that you need to watch out for; FOMC left interest rates unchanged yesterday indicating that it still expects one more hike before the end of the year and fewer cuts. While moving on to India Insights where Byju's announced a top-level exit. The ed-tech firm said Byju’s announced that veteran Arjun Mohan will take charge as the new CEO. And bringing you the latest from what is making the trends; amid the tensions between India and Canada, Punjabi singer & rapper Shubh’s tour in India has been cancelled. Watch Newspresso with Stacy Pereira to get all the latest global updates.
World leaders are gathering in New York for the United Nations General Assembly. U.S. President Joe Biden and Ukrainian President Volodymyr Zelenskiy are using the event to continue their push for international war support, but partisan politics in Washington may also loom.
The Nasdaq and the S&P 500 hit their lowest in over three weeks as treasury yields rose ahead of the U.S' FOMC meet outcome. While back at home, a special parliament session kicked off yesterday. The first bill to be introduced in the new parliament was "Nari Shakti Vandan Adhiniyam" will provide one-third of the reservation to women in the Lok Sabha and State Assemblies. Moving onto the trends segment; a week after the launch Apple continues to trend on the internet. This time, Apple got trolled for its plastic packaging of cookies at the launch event. What is this all about? Watch this edition of Newspresso with Stacy Pereira to know more.
Canadian PM Justin Trudeau levelled serious allegations against New Delhi over the death of Khalistan supporter Hardeep Singh Nijjar, that took place in June 2023. India has rejected these claims, calling them “absurd” and “unsubstantiated”.
What's the story behind Lab Grown Diamonds that has suddenly seen a spurt in demand. Not only do retailers earn a margin of close to 60% on lab grown diamonds versus the 34% on natural diamonds they are also 60-85% cheaper than natural diamonds. In fact, India's market share in global market in 2021-22 was 25.8% and the Market for lab grown diamonds is poised to grow by 2860% in the next 5 years. On this Episode of Commodities Corner Manisha Gupta speaks with Shashikant Shah, Chairman - Lab Grown Diamond & Jewellery Promotion Council.
The Canadian government is examining a visa cap on international students to curb its housing crisis. Canada's appeal to international students, especially those from India, stems from certain factors including high-quality education and employment opportunities making it a top choice for those seeking to immigrate. Watch this video to know how it will affect the Indian students?
A video of an US cop has gone viral on internet. The cop, who is said to be Seattle Police Officers’ Guild Vice President Daniel Auderer can be heard laughing & making insensitive remarks about an Indian student who was ran over by the same police officer in Seattle in January. Indian student, Jaahnavi Kandula, from Andhra Pradesh was killed in Seattle, USA while crossing the street after she was hit by a police vehicle in the South Lake Union neighbourhood. This video has now created an outrage all over social media and India has strongly reacted to this. Watch for more.
In this edition of Newspresso, watch out for these stories; ECB raised interest rates for the 10th time in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy. The central bank for the 20 countries that use the euro lifted its deposit rate to 4% from 3.75%. In other news, Former State Bank of India Chairman Rajnish Kumar was appointed as chairman of Mastercard India. And onto the trends; with re-runs gaining momentum, "Takeshi’s Castle" is making a comeback on Prime Video with YouTuber and actor Bhuvan Bam, replacing the legendary commentary of Jaaved Jaaferi. Watch this edition of Newspresso with Stacy Pereira for the latest news updates across the globe.
North Korea’s leader Kim Jong Un visited Russia to meet President Putin travelling by a distinctive bulletproof train called Taeyangho. Kim Jong Un, his father, and grandfather, used the same train to visit China and Russia. Live lobsters, lady conductors, and conference rooms are some of the features of the train. Watch the video to know more about the bulletproof train.
ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 14 September 2023 at 14:45 CET in Frankfurt am Main.
France bans sale of iPhone 12. A French watchdog cited breaches of European Union radiation exposure limits. The move increased the possibility of other bans across Europe. France's national frequency agency said it would send agents to Apple stores and other distributors to make sure the model was no longer being sold, adding that a failure to act would result in the recall of iPhone 12s already sold to consumers. But Apple has defended its product and said that iPhone 12 does meet regulation standards. Watch this video to know more.
Indian equity market has hit a fresh high, reinforcing the fact that India is a bright spot in the global economy. Global markets, however, are on a topsy turvey path as a lot hinges on the Fed’s action in the upcoming policy meetings of September and November. The latest US CPI print shows that US consumer prices have risen by the most in 14 months in led by a surge in gasoline cost, but the annual rise in underlying inflation was the smallest in nearly two years. The mixed US inflation data has raised expectations that the US Federal Reserve may keep interest rate hikes on hold next week but a hike in the November policy could still be on the anvil. Will this prolong the rate hike cycle in US and are the Indian markets decoupling from their global counterparts as they continue to smash record highs? In this episode, catch Moneycontrol’s Senior Markets Editor N Mahalakshmi in an exclusive conversation with Mark Matthews of Bank Julius Baer.
Canadian Prime Minister Justin Trudeau left India 36 hours after the G20 summit concluded. As per his schedule, he was meant to fly on Sunday, September 10 but the mechanical snag grounded him
After a day of consolidation, the market gained momentum with the Nifty50 closing above psychological 20,000 milestone for the first time on September 13. This was largely attributed to the rally in banking stocks. Hence, the bulls seem to be wanting to stay in the game, which can take the Nifty50 to 20,200-20,500 levels in coming days if the index holds 19,900-19,800 as an immediate support area, experts said. The BSE Sensex rose 246 points to 67,467, while the Nifty50 climbed 77 points to end at new closing high of 20,070. The broader markets also rebounded after a day of sharp correction. The Nifty Midcap 100 index gained 0.2 percent and Smallcap 100 index rose 1 percent as the market breadth was positive with 2:1 ratio. This morning global cues are mixed but the GIFT Nifty is hinting at a fresh record for the Nifty. Stocks in the spotlight are Adani Group, Bombay Dyeing and IndiGo among others. Meanwhile, the initial public offer (IPO) of FinTech-SaaS company Zaggle Prepaid Ocean Services and Samhi Hotels will kick off for subscription today. Catch Nandita Khemka in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One and Market expert Prakash Diwan.
In this edition of Newspresso, watch out for these stories; The August CPI reading isn’t expected to change the Federal Reserve’s course at its policy meeting beginning Sept. 19. Moving onto, India; Kerala has been put on a virus alert after the state recorded cases of the highly infectious Nipah virus. So far three people have succumbed to the virus. Moving onto trends, the Mexican Congress became the epicentre of intrigue as "non-human" alien corpses were showcased before a captivated audience. What is this all about? Watch this edition of Newspresso with Stacy Pereira to find out.