Wholesale prices fall below expectations
Most of our interactions nowadays are over digital platforms.. and naturally typos happen. You know what they say right, “To err is human“. More often than not, these typos don’t cause much trouble. But…
Matter of Fact
In 2005, a typing error caused Mizuho Securities Co. to lose at least $225 million on a stock trade. That’s close to ₹1700 crore in current value!! The Japanese investment bank accidentally sold 610,000 shares at 1 yen when it actually intended to sell 1 share at 610,000 yen.
In 2005, a typing error caused Mizuho Securities Co. to lose at least $225 million on a stock trade in Japan! The company accidentally sold 610,000 shares at 1 yen when it actually intended to sell 1 share at 610,000 yen. Click To TweetMarkets Update
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Braving the geopolitical tensions and worsening Covid-19 situation, benchmark indices closed the week in green.
The Big Picture
- Wholesale prices in India declined by 3.1% year-on-year in May 2020, compared with market estimates of a 1.05% fall. This was the steepest drop in wholesale prices since November of 2015
- India’s trade deficit narrowed sharply to $3.15 billion in May 2020 from $15.36 billion in the same month last year. This was below market expectations of $7 billion.
- As of Friday, 12,593 people have died in India due to Covid-19 and more than 3.8 lakh cases have been reported
- Last week, 20 Indian Army personnel including a colonel were martyred in a fierce clash with Chinese troops in the Galwan Valley in eastern Ladakh. According to news reports, at least 43 Chinese soldiers have been seriously injured or killed in the clash
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All Weather Investing is one of our most popular smallcases. Called the ‘core’ of your portfolio, it is designed to safeguard your portfolio from unforeseen market conditions. Check out the factsheet here.
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