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BEST TOURIST PLACE TO VISIT IN TAWANG MONASTERY :

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 :                   ...
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Indian Stock Market ( 15-Mar-2023 )





Morning Comments


Indian markets could open higher, in line with positive Asian markets today and sharply higher US markets on Tuesday.…


U.S. stocks ended sharply higher in volatile trade on Tuesday, rebounding from their steep losses in the aftermath of the failure of Silicon Valley Bank, as investors digested February inflation data which matched estimates and suggested pressure on prices may be easing.


February’s consumer-price index came in largely at expectations. The cost of living stood at 6% year over year, down from 6.4% a month earlier. Stripping out food and energy prices, the core CPI number was up 5.5% year over year, ticking down from the 5.6% print in January. The 6% headline number is the lowest since September 2021. Stocks of America’s regional banks, which have been under pressure, showed a bounce on Tuesday.


There might be some hope the February data — combined with the interest rate pressures on banks — could convince the Fed to stop rate hikes all together. Other market observers are split on the idea and say a 25 basis point increase could be the more likely result.


Moody’s Investors Service cut its outlook on the US banking sector to negative on the heels of the trio of banking collapses over the past few days.


Oil prices dropped over 4 percent to a three-month low on Tuesday after a US inflation report and the recent US bank failures sparked fears of a fresh financial crisis that could reduce future oil demand.


China’s industrial output rose 2.4% in the January to February period, official data showed. Economists polled by Reuters had expected to see a rise of 2.6%. Retail sales rose 3.5% for the same period, in line with expectations. Fixed asset investment in the first two months of the year saw a rise of 5.5%. Economists polled by Reuters expected to see growth of 4.4%.


Asian equities climbed Wednesday as investors wagered that the worst of the global fallout from the American banking sector has passed.


Nifty fell for the fourth consecutive session on March 14, pulled down by ongoing banking crisis in the US. At close, Nifty was down 0.65% or 111 points at 17043.3. Rebound in the global markets is being driven by the relief in that systemic issues seem to be subsiding.


Nifty continued to fall as expected, but the pace of fall and the breadth of fall has reduced. This hints at a near term bottom formation/reversal soon. Nifty could stay in the 16788-17160 band for the near term.

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