Business
Indian equities nosedive on US Fed’s commentary: 4 factors spooking the market
Domestic stocks came under intense selling pressure on Jan. 27, as comments from Federal Reserve Chairman Jerome Powell spooked investors after the central bank’s monetary policy statement on Jan. 26.
In early morning session on January 27, the Nifty 50 index plummeted 280 points, or 1.6 percent, to 16,997, while the BSE-Sensex was at 57,031, down 1.4 percent or 826 points.
Investors were troubled by Powell’s hawkish comments on the scope of future monetary policy tightening, even as the central bank left its benchmark interest rate unchanged and signaled that a near-term rate hike would be “appropriate.”
Powell said at a news conference after the policy announcement that the upside risks of a strong U.S. labor market and decades of high inflation mean the central bank has plenty of room to raise interest rates in the background while it shrinks its balance sheet.
“I think there’s quite a bit of room to raise interest rates without threatening the labor market,” Powell said. Market participants interpreted the Fed’s comfort on the economy as a signal that the Fed may raise interest rates. The rate hike has more than quadrupled this year.
Investors widely expect the central bank to raise interest rates four times in 2022 ahead of its Jan. 26 monetary policy meeting. Investment bank Nomura reportedly expects the central bank to raise interest rates by 50 basis points at its upcoming March meeting.
Still, for emerging markets such as India, a faster pace of rate hikes could further accelerate foreign capital outflows from the country. So far, foreign investors have withdrawn nearly Rs. Domestic stocks hit Rs 100 crore since early October.
Pressure from foreign inflows was also weighed down by the rise in the dollar index. The U.S. dollar index rose nearly 1% on Jan. 26 after Jerome Powell’s hawkish statement. A recent report from JPMorgan India showed that the Nifty 50 index was negatively correlated with the US dollar index as carry trades were affected.
Complete News Source : Money Control
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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