Budget 2018-19

  Here are the key reasons why the markets traded weak on Friday. It was truly a ‘Black Friday’ for the Indian markets that saw an across-the-board sell-off. The  S&P BSE  Sensex shaved-off over 1,400 points in intra-day deals. Its counterpart on the National Stock Exchange, the Nifty50 index, lost over 400 points. So, what’s spooking the markets today? For one, the negative sentiment on Friday in the Indian markets was on account of weak global cues. Most Asian  markets  were a sea of red with Japan’s Nikkei down 2 per cent and Straits Times slipping nearly one per cent. Shanghai Composite, Kospi and Taiwan were down 0.2-0.4 per cent, each. The US markets, however, were shut on account of Thanksgiving holiday. This weak sentiment across Asian markets was triggered by fears of a sooner-than-expected rate hike by the US Federal Reserve (US Fed). Investors and traders, according to analysts, now expect the US central bank to raise rates faster on the back of t...

  Black Friday marks the beginning of the Christmas shopping season. Here’s all you need to know about Black Friday sale The Friday following Thanksgiving Day, a special day for shopping enthusiasts, is known by the informal name ‘Black Friday’. This day marks the beginning of the Christmas shopping season and sees massive sales at retail outlets and online shopping platforms around the world, but especially in the US. On this day, retail outlets around the world open early and offer products at discounted rates. The tradition of shopping for Christmas in the month of November or even earlier has been going on for decades. The term ‘Black Friday’, however, has become widely popular only in recent years, with retailers (and now etailers too) adopting the term and date to push their sales with attractive offers. Here’s all you need to know about Black Friday 2020 History of Black Friday The term was first used in New York about 145 years ago, according to official records. But  ...