Sensex flat at 61,716 in early trade while Nifty50 was unchanged at 18,354. Except for Japan’s Nikkei all other Asian markets were trading in the green – China’s Shanghai Composite index rose 0.75%, Taiwan’s TSEC 50 Index was up 1.19% and South Korea’s Kospi nudged up 0.1%. Strong FII inflows, especially in November, have boosted the benchmark indices to near their all-time highs. Having said that, FII holdings in BFSI remain significantly below the pre-Covid level and in our view, continued inflows could drive a further rally,” added the report.Meanwhile, the rupee strengthened to 80.96 against the US dollar amid a broader weakening of the dollar after lower-than-expected US inflation data released last week.Benchmark Brent crude prices gained 0.2% to $96.18/barrel on Monday as China, the world's top crude importer, eased some of its strict Covid-19 restrictions, boosting hopes of a surge in demand on expectations of recovery in economic activity.Auto, IT and metal stocks were among the top performers on the indices on Monday with Hindalco Industries the top gainer. Dr Reddy’s Laboratories was the top loser on the Nifty50.
North KoreaEast SeaYonhap News AgencyAdvertisementJCSAdvertisementAntonio Guterresfired a ballistic missile towards theon Wednesday, South Korea's military has announced. The Joint Chief of Staff announced the latest ballistic missile launched by Pyongyang without specifying further details,reported. The development has been confirmed by Japan's Prime Minister's office.Taking to its Twitter handle, Japan's PM office said, "North Korea has launched a suspected ballistic missile. The latest ballistic missile launch comes after North Korea fired an intercontinental ballistic missile (ICBM) and two suspected short-range ones toward the East Sea on November 3, South Korea's military said.The Joint Chiefs of Staff () said it detected a long-range ballistic missile launch from the Sunan area in Pyongyang around 7:40 am (local time). Meanwhile, United Nations Security Generalon Friday condemned the launch of a ballistic missile of intercontinental range by North Korea.23 days ago Business Insider India
Indian benchmark indices Nifty50 and Sensex opened on a flat note on Wednesday, amid mixed global cues. The Russia-Ukraine war is in focus with the G20 summit underway in Bali, Indonesia. Metal stocks were under pressure, accounting for three out of five top losers in the first hour of trade. The global markets provided mixed cues especially after US President Joe Biden’s comments on a blast in Poland that saw markets fluctuate.In the previous ten sessions, Nifty50 has gained 1.5% while Sensex rose 1.4%.As of 10 am, Nifty50 fell 24 points to 18,380, while Sensex shed 58 points to 61,815. Despite encouraging inflation data, investors will remain cautious due to the Russia-Ukraine war situation,” said a report by ICICI Direct Research.Asian markets had mixed reactions, with Japan’s Nikkei 225 gaining 0.08%, while Hong Kong’s Hang Seng index declined 1.14%.17 days ago Business Insider India
"In India, solar generation avoided USD 4.2 billion in fuel costs in the first half of the year. It also avoided the need for 19.4 million tonnes of coal that would have further stressed an already strained domestic supply," the report stated.The report finds that the majority of the estimated USD 34 billion savings are in China, where solar met 5 per cent of the total electricity demand and avoided around USD 21 billion in additional coal and gas imports during the period.Japan saw the second-highest impact, with USD 5.6 billion in avoided fuel costs thanks to solar power generation alone.Vietnam's solar power avoided USD 1.7 billion in additional fossil fuel costs, a sizable growth from nearly zero terawatt hours of solar generation in 2018. "Transition to renewable energy such as solar can help reduce the overall system costs and also reduce the burden to consumers by lowering tariffs. "India seems to be very bullish on solar power growth in the next 10 years too, as evident from the new draft National Electricity Plan. So, it's looking very likely that the 2020s is when solar power is going to finally ramp up in India and begin India's coal phasedown journey," he said.23 days ago Business Insider India
North Korea launched at least 23 missiles on Wednesday, the most it's ever fired in a single day. According to multiple reports, South Korea issued an air raid alert for the first time in years. The missiles — all short-range ballistic missiles or surface-to-air missiles — were fired from North Korea's eastern and western coasts, according to the South's Yonhap News Agency. Additionally, Seoul's military noted that the North fired over 100 artillery shells into the ocean. North Korea, however, has long bristled at these types of exercises, characterizing them as preparations for an invasion.1 month ago Business Insider
North Korea is secretly sending a "significant" amount of artillery shells to Russia, the US said. The National Security Council's John Kirby said this won't change the course of the Ukraine war. US officials said in early September that Russia had approached North Korea for discussions about military assistance but declined to say if there was a monetary transaction. Gen. Pat Ryder told reporters that Russia has tried and continues to seek ammunition from North Korea, which Pyongyang previously denied. North Korea is not the only country whose help Russia has sought throughout its unprovoked war in Ukraine.1 month ago Business Insider
The Kremlin maintains close ties with China, continues to sell oil to major countries, including India, and is acquiring military hardware from Iran and North Korea. Those weapons would not necessarily be "a game changer," as Russia has already used its own missiles in Ukraine, Kahl said. Their relations have warmed amid the Ukraine war, with a record number of meetings between senior officials this year. Russia and North Korea also have longstanding ties, though Moscow has in the past kept its distance. North Korea has denied the allegations, calling it a "rumor" and saying it had no "arms dealings" with Moscow.17 days ago Business Insider
Here's how some of Japan's most expensive foods are harvested. WasabiThe process of growing real wasabi in Japan contributes to its hefty price tag. Although wasabi grows mainly in Japan, The Wasabi Company, located in Europe, is among the first to grow it commercially. In January 2018, young eels, also called glass eels, cost around $35,000 per kilogram. Changing habitats caused by drought years, high temperatures, and insect damage can affect the quality of the harvest each year.1 month ago Insider