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As a result, Malkiel argued, stock prices are best described by a statistical process called a "random walk" meaning each day's deviations from the central value are random and unpredictable. This led Malkiel to conclude that paying financial services persons to predict the market actually hurt, rather than helped, net portfolio return.
The SENSEX eventually recovered from the volatility, and on 16 October 2006, the SENSEX closed at an all-time high of 12,928.18 with an intra-day high of 12,953.76. This was a result of increased confidence in the economy and reports that India's manufacturing sector grew by 11.1% in August 2006.
Central holidays:Fixed [5] Date Name Type Details March – April: Eid al-Fitr: Floating Muslim festival that celebrates of the day of breaking the fast. It is celebrated on the first day of Shawwal in the Islamic calendar. [6] March – April: Mahavir Janma Kalyanak: Floating
On the next day on 22 January 2008, the Sensex again fell by 875 points to 16,729. 22 Jan 2008: The Sensex saw its biggest intra-day fall on Tuesday when it hit a low of 15,332, down 2,273 points. However, it recovered losses and closed at a loss of 875 points at 16,730. The Nifty closed at 4,899 at a loss of 310 points.
From Veterans Day to Christmas, here are the dates of the 2024 federal holidays. New Year’s Day: Monday, January 1. Birthday of Martin Luther King, Jr.: Monday, January 15.
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Here are Monday hours for South Florida malls and major stores so you can catch an after-Christmas sale or return your unwanted holiday gifts: MALLS Broward Mall: Opens at 11 a.m. Monday, Dec. 26.
The National Stock Exchange building in the Bandra Kurla Complex in Mumbai. National Stock Exchange of India Limited (NSE) is one of the leading stock exchanges in India, based in Mumbai.