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NEW DELHI: As Mark Twain once said, “History doesn’t repeat itself, but it often rhymes.” What happened to Sir Isaac Newton in 1720 might have a lesson for tip-hungry Robinhood traders in India and elsewhere, who sometimes try to judge a stock based on its name, or shun an IPO because of bad publicity only to discover that it has ended up delivering 75 per cent returns in just five months of listing. Minneapolis-based mathematics professor Andrew Odlyzko dug out archives to find out how none other than the brilliant physicist and mathematician Isaac Newton lost much of his fortune in the South Sea bubble of 1720. ....
An acute shortage of medical oxygen in India, amid a deadly wave of coronavirus infections, has triggered a surge in stocks seen linked to industrial gases. Supplies of medical oxygen, essential in many cases to treat seriously ill patients, have been depleted as hospitals around India have been overwhelmed by Covid-19 cases. The nation recorded 314,835 new infections on Thursday, the world’s biggest one-day jump, and taking its case-count to almost 16 million, the second-most globally. Workers load refilled oxygen tanks into a vehicle at a refill station in Navi Mumbai, India, on Thursday, April 22, 2021. India saw a record one-day jump with more than 300,000 new coronavirus infections, marking a grim milestone for the country as a deadlier second wave showing no signs of abating. ....
Oxygen Shares, Real And Imaginary, Rally As India Battles Virus Surge Bombay Oxygen, National Oxygen Ltd and Bhagawati Oxygen Ltd - all tiny firms not listed on any major stock index - have surged 47 per cent or more in April. Updated: April 20, 2021 1:47 pm IST With Indian COVID-19 patients struggling to find medical oxygen in the middle of a second deadly wave of coronavirus infections, shares in companies that produce the gas - or simply have it in their names - are rallying. Bombay Oxygen, National Oxygen Ltd and Bhagawati Oxygen Ltd - all tiny firms not listed on any major stock index - have surged 47 per cent or more in April, a period in which India s broader market has slumped 2 per cent. ....
Shares of companies that produce oxygen have skyrocketed on the domestic stock market. (Photo: Reuters) Companies that produce oxygen or simply have the word in their names are witnessing a sharp rally on domestic stock markets as demand for the gas has spiked. The development comes at a time when Covid-19 patients in the country are struggling to find medical oxygen in the middle of the second deadly wave of coronavirus infections, reported news agency Reuters. Several reports indicate that there is an acute shortage of medical oxygen across the country and even hospitals are struggling to procure the gas which has become essential for treating some severe cases of Covid-19. ....
Oxygen rally in stock market: Name enough to lift shares in Covid-era Over the past few days, India has ramped up oxygen production nationwide as supplies of the gas have fallen short and infections surge Reuters | April 20, 2021 | Updated 14:33 IST With Indian COVID-19 patients struggling to find medical oxygen in the middle of a second deadly wave of coronavirus infections, shares in companies that produce the gas - or simply have it in their names - are rallying. Bombay Oxygen, National Oxygen Ltd and Bhagawati Oxygen Ltd - all tiny firms not listed on any major stock index - have surged 47% or more in April, a period in which India s broader market has slumped 2%. ....