Business
Nifty’s Opening as Nasdaq Confirms Correction; SGX Nifty Futures Down
Investing.com – Nifty 50 futures listed on Singapore Exchange SGX, an early indicator of the Nifty50, were found to be trading down 0.17% at 8.19am on Thursday, tracking a sell-off in global markets and indicating that Dalal Street was trading at 0.17%. Negative to flat note opening. Meanwhile, Dow Jones futures rose 0.1%.
With U.S. Treasury yields surging and the Federal Reserve tightening monetary policy, investors scrutinized a wide variety of corporate earnings, and Wall Street’s three major indexes fell amid a broad market sell-off, led by technology and growth stocks. rise.
Stocks have fallen sharply this month as investors gauge the Federal Reserve’s aggressive rate hikes in response to rising inflation.
The Nasdaq closed 10.7% below its November record high on Wednesday, confirming a market correction. The tech index has been revised four times in the past 2 years. Apple (NASDAQ: AAPL) shares fell 2.1%, while Qualcomm (NASDAQ: QCOM) fell 3.5%.
The Nasdaq Composite lost 1.15%, the S&P 500 lost 0.97% and the Dow Jones lost 0.96%.
Shares in Asian markets were mixed on Thursday, shrugging off losses on Wall Street on worries about a deepening global sell-off and an earlier-than-expected U.S. interest rate hike.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.48% at 8:15 a.m. on Thursday, while South Korea’s KOSPI gained 0.17% and Japan’s Nikkei 225 gained 0.5%.
Meanwhile, Hong Kong’s Hang Seng rose 1.67%, while China’s Shanghai Composite fell 0.43%.
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Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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