Besides, the 135 per cent rise seen in the 30-scrip S&P BSE Sensex from the lows of 2020 lockdown to its latest peak of more than 60,300 points might tempt some eager investors to cash-out by booking profits.
The 30 share BSE SENSEX equity benchmark index climbed 10,000 points – from 50,000 points to 60,000 -- between January and September, making it the shortest time for such gains. BSE SENSEX CEO Ashish Kumar Chauhan has said that India's Sensex story is here to stay. 60,000 is not the end, it's just the beginning of the Sensex story.
The pandemic has resulted in an increased demand for many electronics and computers that the supply chain couldn't handle, especially the semiconductor industry, reports Electrek.
Such a liquidity crisis may have far-reaching consequences as Mark Williams, Chief Asia Economist, Capital Economics, notes that this might be the biggest financial crisis China might witness post their world war economic expansion.
Compared to normal of corresponding week, area coverage increased under Rice, Pulses, Oilseeds and Sugarcane. Area coverage is marginally less under Jute & Mesta (0.01 lakh ha), Cotton (0.34 lakh ha) and Coarse -cum- Nutri Cereals (6.24 lakh ha), a release from Ministry of Agriculture said.
A Google search won't bring up a lot other than that he is a graduate from Columbia University and New York Law School and he founded the SHI International Corp, a large IT company.
