Sensex–Nifty Record High: Market Rally Explained | Why Your Portfolio Is Still in Loss? | Paisa Live

Sensex–Nifty Record High: Market Rally Explained | Why Your Portfolio Is Still in Loss? | Paisa Live


Sensex और Nifty रिकॉर्ड हाई पर हैं, लेकिन इसके बावजूद ज्यादातर रिटेल और HNI निवेशकों का पोर्टफोलियो हरे रंग में नहीं दिख रहा. पिछले एक साल में Nifty के 750 में से 464 स्टॉक्स गिरावट में रहे हैं और कई smallcap और midcap स्टॉक्स ने बीस प्रतिशत से ज्यादा negative returns दिए हैं. दूसरी ओर strong cash flows, foreign buying और balance-sheet strength की वजह से large caps ने इंडेक्स को संभाले रखा है. Retail investors का ज़्यादातर exposure small और mid caps में है, जहां margin pressure, valuation gap और earnings weakness ने नुकसान बढ़ाया है. इसी वजह से broader market तेजी में भी कई portfolios गिरावट में हैं. हालांकि आगे चलकर GST rate cuts, infrastructure growth और consumption recovery से small caps में भी मजबूती आ सकती है. यह वीडियो बताता है कि इंडेक्स ऊपर क्यों हैं, आपका पोर्टफोलियो नीचे क्यों है और ऐसे माहौल में disciplined, fundamentals-based stock selection क्यों जरूरी है.



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The world’s plastic glut is set to get much worse by 2040, study finds

The world’s plastic glut is set to get much worse by 2040, study finds


Despite clear evidence that plastic is clogging oceans and beaches and breaking down into microplastics that enter our bodies, humans are continuing to produce the material at accelerating rates.

The result: Global plastic pollution will hit 280 million metric tons per year by 2040, or a dump truck’s worth every second. 

That is one of the alarming statistics from Breaking the Plastic Wave 2025, a report by the Pew Charitable Trusts with ICF International. It offers a comprehensive assessment of plastic pollution and its effect on human health and the environment. 

In August, talks to forge an international treaty to rein in plastic pollution collapsed as countries that produce the majority of the material blocked proposals to limit the amount of new plastic created. Meanwhile, recycling rates have remained low. 

The new report is a bit of a hybrid. It compiles data from recent research and then runs it through a model to predict outcomes under different policy scenarios. Winnie Lau, director of Pew’s Preventing Ocean Plastics project and one of the authors, said the team “wanted to pull it all together in one integrated analysis to look at impacts across the board.”

Pew published a similar report in 2020, but it limited the scope then to pollution from consumer-facing plastics like packaging that end up in solid waste systems. This report looks far beyond that to include “hidden” plastics, including those used in the construction, agriculture and transportation sectors.

If the world continues on the current trajectory, the outlook for 2040 is bleak, the report warns. Global production of new plastic is set to increase by 52%, twice as much as waste-management systems. Plastic-related greenhouse gas emissions are expected to surge by 58%, to 4.2 gigatons of carbon dioxide equivalent per year — enough that, if plastic production were a country, it would be the current third-largest emitter. At the root of the problem is the fact that plastics are mostly derived from fossil fuels. 

There are some 16,000 different chemicals in plastics and scientists have identified more than one fourth of those as possibly harmful to human health. In the five years since the last Pew report, a wave of research has attempted to understand in particular how a class of chemicals known as endocrine disruptors, widely used in makeup and cookware, may affect digestive, reproductive and cognitive function.

Pew also modeled the global health impacts associated with the making and disposal of plastic (excluding microplastics) and related pollution. The authors estimate the world’s population will lose 5.6 million total years of healthy life in 2025 and 9.8 million years in 2040. Primary plastic production accounts for the majority of this via links to cancers and respiratory diseases. 

Countries and communities already have tools at their disposal to reduce the manufacture and use of plastics drastically. They could mandate better product and packaging design and invest in infrastructure to support reuse. (Think of how milkmen would once deliver bottles of milk while carting away the used ones for cleaning and refilling.)

In Pew’s ideal scenario, subsidies for plastic production would be eliminated and waste collection would be greatly expanded. If that happened, nearly 100% of consumer packaging could be collected and recycling rates could double, the authors write. 

But even under perfect conditions, they concede, microplastics would be much harder to control. The main sources of microplastics are vehicle tire dust, paint and agriculture-related products — for example, fertilizer sold in plastic pods that dissolve into soil and plastic sheeting that is used for mulch. There are few straightforward substitutes for these materials. 

Among Pew’s recommendations are decreasing overall plastic production, using safer chemicals and taking targeted actions to reduce the shedding of microplastics. One anti-plastics group welcomed the report. “We need laws that require fewer toxic chemicals in plastic and less plastic production, and we applaud Pew for prioritizing those measures,” said Judith Enck, president of Beyond Plastics and a former Environmental Protection Agency regional administrator. 

However, Enck said the authors were overly optimistic in projecting that plastic recycling would grow substantially with different policies in place. 

“There’s a good reason why the plastics recycling rate has never reached double digits,” she said. “It’s because its chemical and polymer complexity makes large-scale recycling technically and economically infeasible. We’re wasting valuable time by relying on a system that has not worked for decades.”

More stories like this are available on bloomberg.com

Published on December 3, 2025



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Crude oil flat after industry data show increase in US inventories

Crude oil flat after industry data show increase in US inventories


According to the industry body American Petroleum Institute (API), US crude oil inventories increased by 2.48 million barrels for the week ending November 28. 
| Photo Credit:
istock.com

Crude oil futures traded flat on Wednesday morning after industry data showed an increase in US inventories for the week ending November 28.

At 9.56 am on Wednesday, February Brent oil futures were at $62.49, up by 0.06 per cent, and January crude oil futures on WTI (West Texas Intermediate) were at $58.68, up by 0.07 per cent. December crude oil futures were trading at ₹5,299 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹5,309, down by 0.19 per cent, and January futures were trading at ₹5,296 against the previous close of ₹5,307, down by 0.21 per cent.

According to the industry body American Petroleum Institute (API), US crude oil inventories increased by 2.48 million barrels for the week ending November 28. US gasoline and distillate inventories increased by 3.1 million barrels and 2.88 million barrels, respectively, during the week.

Official data from the US EIA (Energy Information Administration) is expected later on Wednesday.

In their Commodities Feed for Wednesday, Warren Patterson, Head of Commodities Strategy of ING Think, and Ewa Manthey, Commodities Strategist, said oil prices traded lower on Tuesday with ICE Brent hitting its lowest level since late October. This weakness comes despite continued Ukrainian attacks on Russian energy infrastructure.

“Also, Moscow warns that it might start striking ships of countries supporting Ukraine. This threat comes in light of recent Ukrainian attacks on Russian vessels. It increases tensions amid ongoing discussions between Russia and the US on Ukraine. Moscow claims talks have been constructive so far. But clearly, the issue of territory will be tough to resolve,” they said.

December aluminium futures were trading at ₹276.80 on MCX during the initial hour of trading on Wednesday against the previous close of ₹274.60, up by 0.80 per cent.

On the National Commodities and Derivatives Exchange (NCDEX), December dhaniya contracts were trading at ₹10,450 in the initial hour of trading on Wednesday against the previous close of ₹10,582, down by 1.25 per cent.

December turmeric (farmer polished) futures were trading at ₹14,600 on NCDEX in the initial hour of trading on Wednesday against the previous close of ₹14,686, down by 0.59 per cent.

Published on December 3, 2025



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Brokerages turn bullish on metals as non-ferrous leads Q2 beat

Brokerages turn bullish on metals as non-ferrous leads Q2 beat


(representative image) The Nifty Metal index has surged nearly 20 per cent year-to-date, the second best behind Nifty Auto among sectoral indices, reflecting investor confidence in the sector’s resilience despite broader demand headwinds. 
| Photo Credit:
REUTERS/ILYA NAYMUSHIN

India’s metals sector is riding a wave of optimism after a strong second-quarter performance in FY26, with brokerages projecting robust growth through the remainder of the year even as corporate capex slows.

The Nifty Metal index has surged nearly 20 per cent year-to-date, the second best behind Nifty Auto among sectoral indices, reflecting investor confidence in the sector’s resilience despite broader demand headwinds. Firm price in underlying metals, value buying at low levels and demand pick-up boosted the sentiment for metal stocks, especially that of non-ferrous, said analysts.

Earnings outperformance

According to Nuvama Institutional Equities, metals & mining delivered 9 per cent year-on-year revenue growth, with EBITDA and PAT rising 15 per cent and 18 per cent, respectively — beating consensus on all three metrics. Non-ferrous producers were standouts with nearly 10 per cent quarter-on-quarter EBITDA growth, underpinned by firmer aluminium and zinc prices. Vedanta featured among the top picks after hitting an all-time high in early December.

Motilal Oswal’s interim review of Q2-FY26 corroborates the beat: within its coverage, metals earnings rose nearly 7 per cent year-on-year even though ferrous companies saw sequential NSR declines due to a heavy monsoon. MOFSL also highlights healthy volume growth across ferrous players (ex-Jindal Steel), with EBITDA per tonne at ₹9,960/₹11,129/₹5,149 for JSW Steel/Jindal Steel/SAIL — ₹1,000–2,000 per tonne higher than its estimates.

Non-ferrous vs ferrous caution

Emkay Global’s sector analysis signals an upside skew for non-ferrous earnings at prevailing spot prices — particularly for Vedanta and Nalco — given aluminium trading approximately 3 per cent above FY27 forecasts, zinc holding firm, and silver providing support. In contrast, steel faces a transient soft patch: spot HRC is 12 per cent below FY27 assumptions, implying downside if prices stay lower for longer. Even so, the market is already pricing in a ₹3,000-per-tonne spread improvement for steel equities on expectations of a price-hike cycle. Emkay sees safeguards and the absorption of excess supply as potential catalysts for a durable recovery.

MOFSL’s company-level read-through adds nuance: Vedanta’s outperformance was driven by aluminium, while Hindustan Zinc was broadly in line on favourable pricing but muted volume. Coal India and NMDC posted subdued earnings on seasonal volume weakness. Management commentary across ferrous names points to pricing recovery and demand tailwinds in H2FY26, tempered by rising coking coal costs.

Capex moderation

While profitability remains strong, Nuvama warns that corporate capex growth has slowed to just 4 per cent year-on-year in H1FY26 after a 20 per cent CAGR in FY21–24, with commodities (metals + energy) capex down nearly 7 per cent amid weak top-line momentum and margin stabilisation. It argues that a demand revival is essential before private capex can re-accelerate.

Emkay’s valuation framework finds non-ferrous equities relatively more attractive at spot prices, while ferrous names — though optically rich at spot — reflect trough-cycle multiples if steel prices recover as baked into estimates.

Bottom line

Brokerages remain constructive on non-ferrous (aluminium, zinc) given price support and cost efficiencies, and selectively optimistic on ferrous as the market prices in a steel-spread recovery in H2FY26. Yet the capex slowdown, seasonal production constraints, and global trade frictions could inject volatility — making commodity price trajectories and policy measures (such as safeguard duties) the key swing factors to watch

Top Picks (consensus tilt): Vedanta, Hindalco, Nalco

Steel watchlist: JSW Steel, Tata Steel, SAIL — monitor HRC price normalisation and coking coal trends.

Published on December 3, 2025



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Sensex, Nifty set to reverse 3-day declining trend

Sensex, Nifty set to reverse 3-day declining trend


Both the Nifty and Sensex have lost about 0.7 per cent each in the last three sessions after scaling record peaks after 14 months last week
| Photo Credit:
gorodenkoff

GIFT Nifty futures were trading at 26,196 as of 07:52 a.m. IST, indicating that the Nifty 50 will open above Tuesday’s close of 26,032.2.

Both the Nifty and Sensex have lost about 0.7 per cent each in the last three sessions after scaling record peaks after 14 months last week, boosted by improving earnings, stable growth and supportive fiscal and monetary policies.

Domestic investors remained buyers at record levels, but foreign investors offloaded Indian shares for four consecutive sessions, with outflows worth ₹3,642 crore ($405.3 million) on Tuesday, pressuring the rupee, which weakened to a record low of 90 per US dollar.

Investors are awaiting the RBI’s policy decision on Friday, amid expectations that robust economic growth might prompt the central bank to keep interest rates steady.

“A rate cut, if delivered, could unlock an incremental 2%-3% upside for Indian equities,” said Ponmudi R, chief executive of Enrich Money.

Other Asian markets opened higher on the day, tracking an overnight rebound on Wall Street as a brief sell-off in global bond markets abated.

Asian markets were subdued in the last two sessions as expectations of a looming rate hike in Japan triggered a global bond sell-off, leaving stocks caught in the rush from risk assets.

Among individual stocks, Meesho will be in focus ahead of its initial public offering (IPO), which begins on the day. The SoftBank-backed e-commerce firm is seeking a valuation of up to $5.6 billion through its IPO.

STOCKS TO WATCH

** Bansal Wire Industries receives show cause notice for tax and penalty worth ₹203 crore

** Sun Pharmaceuticals’ unit approves proposal to invest ₹3,000 crore to set up a greenfield formulations manufacturing facility in Madhya Pradesh

** Hindustan Copper signs a deal with NTPC Mining for joint investments in critical minerals, mining and mineral processing

Published on December 3, 2025



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इन कामों के लिए कभी न लें पर्सनल लोन, वरना बिगड़ सकती है आपकी फाइनेंशियल हेल्थ

इन कामों के लिए कभी न लें पर्सनल लोन, वरना बिगड़ सकती है आपकी फाइनेंशियल हेल्थ


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Personal Loan Mistakes: लोगों की बदलती आर्थिक जरूरतों के कारण आज पर्सनल लोन लेने का प्रचलन काफी तेजी से बढ़ रहा है. मिनिमम डॉक्यूमेंट्स, बिना कुछ गिरवी रखे बस कुछ ही मिनटों में पैसे आपके अकाउंट में ट्रांसफर हो जाते हैं.

पर्सनल लोन बहुत आसानी से मिल जाता है. यहीं कारण है कि, बहुत से लोग समझदारी से पर्सनल लोन लेने का चुनाव नहीं करते हैं. बिना किसी ठोस वजह या जरूरत के लिए, लिया गया पर्सनल लोन आपकी आर्थिक स्थिति को बिगाड़ सकता हैं. आइए जानते हैं, किन कामों के लिए पर्सनल लोन लेना आपकी फाइनेंशियल हेल्थ को खराब कर सकता हैं….

1. ट्रैवल या लग्जरी छुट्टियों के लिए 

घूमना और नई जगहों पर जाना हर लिहाज से बहुत सही माना जाता है. इसके कई लाभ भी मिलते हैं, पर पर्सनल लोन लेकर लग्जरी छुट्टियों पर जाना आपकी आर्थिक स्थिति को बिगाड़ सकता हैं. छुट्टियां तो खत्म हो जाती है पर लोन की ईएमआई लंबे समय तक चलती रहती है. ट्रैवल के लिए सेविंग करना एक सेफ विकल्प है. 

2. शादी और दूसरे बड़े आयोजन के लिए 

भारतीय शादियों में लोग जमकर खर्च करते हैं. सोशल मीडिया के दौर में बहुत से लोग एक बड़ी और आलिशान शादी करने की चाहत रखते हैं. जिसके लिए पर्सनल लोन का भी सहारा लिया जाता है. हालांकि, आपको इस बात का ध्यान रखना चाहिए कि, शादी केवल 1 दिन का इंवेट है.

जिसके लिए आप सालों तक ईएमआई भरते हैं. शादी में होने वाले इस तनाव से बचने के लिए अपनी बजट के अनुसार ही शादी की प्लानिंग करनी चाहिए. साथ ही पर्सनल लोन लेने से बचना चाहिए.  

3. लग्जरी या गैर-जरूरी चीजों को खरीदने के लिए 

जब हम पर्सनल लोन लेकर महंगी गाड़ियां, लग्जरी आइटम, कपड़े, जूते, मोबाइल, अपग्रेडेड इलेक्ट्रॉनिक्स आइटम और महंगी फर्नीचर इत्यादि जैसी चीजें खरीदते हैं तो, इसका प्रभाव हमारे आर्थिक स्थिति पर होता है. इन चीजों की कीमतें समय के साथ कम होती जाती है.

वहीं, आपको हर महीने लोन की राशि का भुगतान करना पड़ता हैं. ऐसी कोई भी चीजें जो आपकी जरूरत की नहीं हैं, आपको कुछ पल की खुशी तो देती हैं पर लंबे समय तक ईएमआई के जाल में फंसा सकती है.    

यह भी पढ़ें: 10000 करोड़ रुपये जुटाने की तैयारी में Swiggy, जानें क्या है ऑनलाइन फूड डिलीवरी कंपनी का मेगा प्लान?



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