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 lower, in line with negative Asian markets today and sharply lower US markets on Thursday.…
U.S. stocks finished sharply lower on Thursday, with the financial sector logging a sharp one-day drop, while investors awaited Friday’s February employment data that could help decide how large an interest rate hike the Federal Reserve will impose at its next meeting in two weeks.
U.S. stocks gave up early morning gains to close sharply lower as investors fled the bank sector following SVB Financial Group’s asset sale (disclosed large losses from securities sales and a stock offering meant to provide a boost to its balance sheet.) and the announcement of Silvergate Capital Corp.’s decision to wind down is crypto banking operations.
The number of Americans who applied for unemployment benefits in early March jumped to a 10-week high of 211,000, the highest level since Christmas. That’s higher than the 195,000 new applicants that economists polled by the Wall Street Journal had anticipated.
Investors are now looking ahead to Friday’s closely watched February jobs report from the Department of Labor. Economists polled by the Wall Street Journal expect 225,000 jobs were created last month after 517,000 new jobs were created in January, a number that was much higher than economists had anticipated.
US treasury yields fell with the yield on the 2-year note declining 16.4 basis points to 4.9% from 5.064% on Wednesday, the largest one-day decline since Jan. 6.
US President Joe Biden on Thursday unveiled plans for government spending and higher taxes on the wealthy. He highlighted plans to cut U.S. deficits nearly $3 trillion over 10 years by raising taxes on those earning more than $400,000 a year. The president seeks to fund higher spending and narrowing the deficit by imposing a 25 percent minimum tax on billionaires, nearly doubling the capital gains tax from 20 percent and quadruple a 1 percent stock buyback tax.
India's pharmaceutical market bounced back to register its strongest-ever double-digit growth in fiscal 2023, after the January lows—albeit on a low base. Industry sales rose 20.3% year-on-year in February against a 0.2% year-on-year decline in February 2022, and 2.3% growth in January this year, according to data from the All Indian Origin Chemists and Distributors.
Asian markets traded lower following the sharpest decline in the U.S. equities in two weeks after a rout in bank shares picked up steam.
Nifty snapped a three day rally on Mar 09 and ended in the negative, pulled down by negative global cues. At close, Nifty was down 0.93% or 164.8 points at 17589.6. Nifty failed to cross 17800 in this move and seems to have made a lower top. This does not augur well for the largecaps. Nifty could now stay in the 17322-17681 band for the near term.
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