Mon, Jan 25, 2021 12:50 PM
Jio partners with Samsung for IoT services to back 5G launch
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The benchmark Sensex and Nifty indices are likely to open flat on December 6 as trends in the GIFT Nifty indicate a muted start for the broader index with a gain of 10 points. The record rally continued on the second day as the market extended its winning run on the sixth straight session on December 5 with the Nifty closing comfortably above 20,800. At close, the Sensex was up 431.02 points.
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The US Federal Reserve is losing control of its messaging on interest rates, but financial markets are wrong to expect imminent cuts, Allianz chief economic adviser Mohamed El-Erian said.El-Erian said the Fed may well tolerate higher inflation instead of pushing the economy into recession to hit its 2% target. But he also said investors are over-reacting by pricing in sharp rate cuts.
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The market capitalisation of the Bajaj Group surpassed Rs 10 lakh crore on Tuesday, making it the fifth conglomerate to achieve this milestone after Tata Group, Reliance Industries, HDFC Bank, and Adani Group. The Bajaj Group has gained nearly 21% in overall market value since January 1.This surge can be attributed to the robust performance of three companies — Bajaj Auto!
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