Markets Wrap – Fri, 24 Feb ‘23- Nifty, Sensex dip, rupee flat; Asia, US markets, Gold, Crude updates
时间:2024-11-11 02:32:11 阅读(143)
Indian benchmark equity indices ended Friday’s muted session in the red territory. The Nifty settled below the crucial 17500 level and Sensex closed below 59500. The Bank Nifty also breached the important level and closed below 39950. The top gainers on the Nifty 50 were ONGC (up 2.62%), Adani Ports (up 1.44%), Asian Paint (up 1.31%), Divis Lab (up 1.28%) and Apollo Hospital (up 0.99%) while Adani Enterprises (down 5.11%), Hindalco (down 4.72%), Mahindra & Mahindra (down 2.55%), JSW Steel (down 2.41%) and Tata Steel (down 1.96%) were the losers.US Markets
The US markets ended the overnight session broadly higher with Dow Jones Industrial Average rising 108.82 pts or 0.33% to 33,153.91, S&P 500 climbing 21.27 pts or 0.53% to 4,012.32 and the tech-heavy Nasdaq surging 83.33 pts or 0.72%.
Asian MarketsAsian markets closed mostly in the red territory on Friday. China’s Shanghai Composite Index fell 0.62%, South Korea’s KOSPI dipped 0.63%, Japan’s Nikkei 225 surged 1.29% and Hong Kong’s Hang Seng tumbled 1.68%.
Rupee movementThe Indian rupee remained flat, dipping 0.01% to 82.75 against the US dollar at 3:50 PM (IST).
Gold, SilverGold futures on the multi-commodity exchange for April delivery were trading at Rs 55,645.00, up 58 points or 0.10% while Silver futures for March delivery fell 221 points or 0.34% to Rs 64,130.
Crude oilWTI Crude futures for March delivery were up 1.26% at $76.34 while Brent Crude futures for March delivery were trading 1.25% higher at $83.24 at 3:52 PM (IST).
上一篇:Mcap of 7 of top-10 most-valued firms erodes by Rs 65,656 cr; Reliance biggest laggard
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- in the mid-1990s. By 2022 the investment was valued at $47 billion.
2. Warren Buffett talked about his business partner Charlie Munger in his letter. He said they both think alike but what it takes Warren Buffett a page to explain, Charlie Munger sums up in a sentence. Charlie Munger’s version, moreover, is always more clearly reasoned.
The lesson for investors: “I will add to Charlie’s list a rule of my own: Find a very smart high-grade partner – preferably slightly older than you – and then listen very carefully to what he says,” Warren Buffett said.
3. Warren Buffett emphasised that his long-time business partner Charlie Munger and he are business pickers, not stock pickers. He further said that efficient markets exist only in textbooks.
“We own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business pickers,” Warren Buffett said.
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