Fitch assigns Abans proposed debentures AA- amid challenging environment
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Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..
The Asia Pacific ICT Alliance (APICTA) Awards 2023, held in Hong Kong, witnessed a remarkable showcase of talent from across the region. Among the distinguished winners were nominees from Sri Lanka, selected through the National ICT Awards (NBQSA) 2023 organized by BCS Sri Lanka Section and the Young Computer Scientist (YCS) competition conducted by FITIS....
Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..
"Technology, especially through robo-advisory platforms, has significantly shaped the development of Indian markets across asset classes. It contributes by using advanced algorithms for data analysis, pattern recognition, and algorithmic trading, enabling the creation and execution of complex trading strategies with precision. Additionally, robo advisors excel in risk management through sophisticated algorithms, operate 24/7 for continuous market monitoring, and can even incorporate behavioral analysis for a deeper understanding of market dynamics."
The Sensex, India's headline equity index, has experienced a sharp decline, losing over 1,600 points in just three days. This has resulted in investors losing approximately Rs 4 lakh crore. The market capitalization of all companies listed on the BSE has also fallen to Rs 319.5 lakh crore. The decline in the market is attributed to factors such as the US Federal Reserve's decision to project an interest rate hike, rising bond yields, a stronger dollar, higher crude oil prices, expensive valuations, foreign institutional investor selloff, and technical factors.