India’s economic activity showed signs of stabilizing in November, even as concerns of fresh virus outbreaks and a new strain in the U.K. mount amid news of vaccines fueling hope. All eight high-frequency indicators tracked by Bloomberg News were steady last month, keeping the needle on a dial measuring the so-called ‘Animal Spirits’ unchanged at 5. The level was arrived at by using the three-month weighted average to smooth out volatility in the single-month readings. The pace of activity thus far was enough for the nation’s central bank to revise its forecast for the economy, which it now expects to exit a recession in the current quarter to December.
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NEW DELHI: Domestic stocks looked set to open flat with a negative bias on Wednesday. Gains in Asian markets and approval to US stimulus package may provide some thrust.
Here’s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 6.25 points, or 0.05 per cent, lower at 13,435.50, in signs that Dalal Street was headed for a flat start on Monday.
Tech View: 13,550 key for Nifty
After the wild swings seen by the Nifty-50 index, the benchmark has created a Bullish Harami kind of pattern on the daily chart, indicating a likely continuation of the bullish sentiment, but analysts said it was too early to confirm a trend. According to Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities, for the positive momentum to continue the Nifty 50 needs to sustain above 13,550 levels.
Economy stabilizes in November as retail demand improves
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This story is from December 23, 2020
Economy stabilizes in November as retail demand improves
Bloomberg / Updated: Dec 23, 2020, 17:20 IST
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NEW DELHI: India s economic activity showed signs of stabilizing in November, even as concerns of fresh virus outbreaks and a new strain in the UK mount amid news of vaccines fueling hope.
All eight high-frequency indicators tracked by Bloomberg News were steady last month, keeping the needle on a dial measuring the so-called ‘Animal Spirits’ unchanged at 5. The level was arrived at by using the three-month weighted average to smooth out volatility in the single-month readings.
Economy stabilized in November due to increase in retail demand | खुदरा मांग बढ़ने से नवंबर में आई अर्थव्यवस्था में स्थिरता bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.
Phillips announces highlights from the January Evening & Day Editions Auctions in London
Andy Warhol, Mickey Mouse, from Myths (F & S. 265), 1981. Image courtesy of Phillips.
LONDON
.-Phillips announced highlights ahead of the Evening & Day Editions auctions in London. Kicking off the season and the new year as the first auctions of 2021 and comprising 272 lots in total, the Evening & Day Editions auctions present exceptional examples of Pop, Modern and Contemporary editions as well as pieces from key periods of art history. For the first time in London Phillips will present a work from the sixteenth century, offering an iconic etching produced by Albrecht Dürer in 1513, Knight, Death and the Devil, which comes to auction this January amongst a selection of works from a distinguished private collection. The Day sale will take place at 12pm on Thursday 21 January with the Evening sale following at 6pm.