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Morning Notice:
Indian financial system’s share of the casual sector fell drastically to twenty% in 2020-21 from 52.4% in 2017-18 resulting from digitisation and quickly increasing gig financial system, in keeping with a examine by SBI analysis.
Although the pandemic has led to large devastating impression on all of the sectors of the financial system, the impression has been felt extra by the casual sector the financial institution famous.
The nation has a big casual financial system with about 93% of its complete workforce incomes their livelihoods as casual staff, in keeping with 2014 Nationwide Pattern Survey Workplace (NSSO) information. – John Xavier
Comply with out dwell weblog for extra updates on financial system, markets and firms.
10:00 A.M.
Oil falls after China releases diesel, gasoline
Oil costs fell after China mentioned it launched reserves of gasoline and diesel in a bid to spice up provide at a time when the world is going through gas scarcity.
Brent crude fell 0.2% to $83.52 a barrel and the US West Texas Intermediate slid 0.4% to $83.20 a barrel. Nations are retaining eyes on November 4 assembly of OPEC+, as analysts count on them to proceed with their present plan so as to add 400,000 barrels per day of provide in December.
9:30 A.M.
Asian markets replace | Sensex rises
The Indian fairness benchmark indices began the week on a optimistic word. At 9:16 IST, the Sensex was up 402 factors at 59709.11 and the Nifty was up 149 factors at 17821.20.
Japan’s Nikkei index rose to a one-month excessive after Prime Minister Fumio Kishida’s ruling occasion gained majority in parliamentary election. The Nikkei share common jumped 2.25% on expectations of a secure authorities and better fiscal stimulus.
—- Edited by John Xavier
(With inputs from Reuters, PTI and different information companies.)
Supply- thehindu