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(Photo: AFP)
(Photo: AFP)

Wall Street ticks higher on Covid vaccines hope, Dow up 150 points

  • Progress in developing a working COVID-19 vaccine before the end of the year has driven the Wall Street's main indexes to record levels recently
  • Industrial conglomerate 3M Co's shares gained 0.4% as the company unveiled plans to cut about 2,900 jobs globally and scale back on investments in slower-growing markets as part of a restructuring

The wholesale price inflation (WPI) agricultural inflation is hovering in a 2–3% range for the last few months while the CPI food inflation has ranged between 8 to 10%. (Mint)
Photo: Bloomberg
Sensex ended marginally higher at 44,632.65
Photo: iStock
HDFC Bank cannot take on board any new credit card customers for now. (Mint)
Since revenues for Infratel from Vodafone Idea are at some degree of risk, Airtel’s latest investment of around  ₹2,900 crore could well be marked down considerably. (Mint)
Since revenues for Infratel from Vodafone Idea are at some degree of risk, Airtel’s latest investment of around 2,900 crore could well be marked down considerably. (Mint)

Is Bharti Airtel throwing good money after bad with Infratel investment?

  • Airtel’s investment, despite this bleak backdrop, suggests it expects Vodafone Idea, which makes up for 40% of Infratel's revenues, to survive, even if with a much lower market share.

(Photo: Reuters)
FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. REUTERS/Dado Ruvic/File Photo (REUTERS)
FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. REUTERS/Dado Ruvic/File Photo (REUTERS)

How investors are gobbling up booming bitcoin

  • Industry experts caution it is too early to call a fundamental shift in the market, particularly in an unprecedented year of pandemic-induced financial turmoil

Analysts expect earnings growth for IT companies to be in the range of 10% over the next several quarters, which is normal.
FILE - In this Tuesday, Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York.  Morgan Stanley is buying Eaton Vance in a deal valued at about $7 billion.  Morgan Stanley Chairman and CEO James P. Gorman said in statement Thursday, Oct. 8, 2020,  that the transaction adds more fee-based revenues to its investment banking and institutional securities franchise.  (AP Photo/Mark Lennihan, File) (AP)
FILE - In this Tuesday, Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley is buying Eaton Vance in a deal valued at about $7 billion. Morgan Stanley Chairman and CEO James P. Gorman said in statement Thursday, Oct. 8, 2020, that the transaction adds more fee-based revenues to its investment banking and institutional securities franchise. (AP Photo/Mark Lennihan, File) (AP)

Morgan Stanley’s Wilson says stocks overbought, risk correction

One key risk that most people are overlooking is that Treasury yields continue to march higher, which could create jitters that send stocks lower, said the firm’s chief investment officer

Mumbai-based Burger King India currently operates 268 stores in India. (AP Photo/Jeff Chiu, File) (AP)
RIL shares were up over 1% in noon trade
The plastic pipes category outperformed other home décor segments led by strong volume recovery, benefit of inventory gains, cost cutting measures and rising operating leverage. (Bloomberg)
The liquidity glut and the crash in short-term rates has meant that analysts are expecting some wordplay by the central bank and perhaps even measures to address this.
The liquidity glut and the crash in short-term rates has meant that analysts are expecting some wordplay by the central bank and perhaps even measures to address this.

India’s bond market is bracing for liquidity vigilance from regulator

  • The  spread  between one-year and 10-year bonds has widened by 20 basis points over the past month
  • Gap between 5-year bond and the 10-year benchmark paper has grown to 80bps from 70bps a month ago

Tata Chemicals shares hit a new 52-week high
Gold rates today: Prices rose to  ₹49,379 per 10 gram
Sensex pared most losses to finish at 44,618.04, down 37.40 points or 0.08% on Wednesday. (Photo: Reuters)
Sensex pared most losses to finish at 44,618.04, down 37.40 points or 0.08% on Wednesday. (Photo: Reuters)

Sensex, Nifty end flat in choppy trade; PSU Banks shine

  • After opening on a firm footing, Indian benchmark share indices fell from record highs and settled on a flat note.

Experts expect the number of retail investors to grow even faster now that Bitcoin, by far the best known digital currency, has hit a lifetime high. (AFP)
Experts expect the number of retail investors to grow even faster now that Bitcoin, by far the best known digital currency, has hit a lifetime high. (AFP)

Retail investors splurge on trading in cryptocurrency

  • The country’s largest crypto exchange, WazirX, said it has seen a 125% increase in user signups in the past six months, while rival CoinDCX said there’s been an 85% growth in traders in its exchange in the last quarter

On Wednesday, the BSE Sensex ended at 44,618.04, down 37.40 points or 0.08%. (Photo: Mint)
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