1 .SHONGA TSER LAKE : Often famous as Madhuri Lake, Shonga-Tser Lake is known to be the place where the famous Bollywood song from the movie Koyala was shot. The lake is known for offering panoramic views of the landscape and has been quite a popular tourist spot with wonderful scenic beauty. The vista comprises of the serene hills and mountains that surround the lake and the place charms the tourists with its tranquil ambience. A photographer’s delight, Shonga Tser Lake is a remarkable place to enjoy a casual stroll and bask in the serene atmosphere. The awe-inspiring lake is a great crowd puller in Tawang and offers a respite from the noise and pollution of the cities. 2 .SELA PASS : ...
Indian markets could open flat, in line with rangebound Asian markets today and mixed US markets on Wednesday.…
U.S. stock indexes ended mixed on Wednesday, attempting to recover from Tuesday’s broad-based selloff following comments by Federal Reserve chairman Jerome Powell suggesting more interest rate rises may be necessary to tame inflation than investors were expecting.
Investors tuned in to the second day of Fed Chair Powell’s semiannual monetary policy testimony to Congress in which Powell said the central bank has not made any decision on the size of a potential interest rate hike later this month despite strong labor market data and a rise in inflation in January.
The US trade deficit widened by 1.6% to $68.3 billion in January. U.S. imports rose 3% to $325.8 billion in January, while exports were up 3.4% to $257.5 billion. U.S. private payrolls rose by 242,000 in February, according to the payroll services firm ADP on Wednesday. That’s up from a revised 119,000 in the prior month. Economists polled by The Wall Street Journal had forecast a gain of 205,000 private sector jobs. Policymakers will scrutinize Friday’s jobs report for three key indicators: payrolls, wage gains and the unemployment rate.
India's one-year government debt yield rose above that of the 10-year note on Wednesday, following higher-than-expected cutoffs at a sale of treasury bills that briefly inverted the yield curve for the first time in nearly eight years.
China’a consumer price index (CPI) for February was 1.0% higher than a year earlier, rising at the slowest pace since February 2022 and compared with the 2.1% annual rise seen in January. The producer price index (PPI) in February fell 1.4% from a year earlier, largely driven by softer commodity costs. That compared with an annual contraction of 0.8% seen in January and the median February expectation for a 1.3% decline in a Reuters poll.
Asian equities were muted Thursday after a choppy US session saw major benchmarks post modest gains as investors weighed the outlook for interest rates.
After opening lower on the back of weak global cues, Nifty recovered nearly 150 points from the intraday low to close near the day highs. At close, Nifty was up by 0.24% or 43 points at 17754. 17500 could now be considered as an immediate support for the Nifty while 17800 could act as an immediate resistance for Nifty. Above 17800, Nifty could move towards the next resistance level of 17924 and 18135.
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