Stocks
Nifty, Sensex headed lower – Monday closing report
Today could be the start of a several days of decline
 
We had mentioned in Thursday’s closing report that Nifty, Sensex is in no man’s land as we enter 2016 and that Nifty has to stay above 7,850 for the uptrend to continue. The market suffered a sharp correction in Monday’s trading and the major indices of the Indian stock markets fell by more than 2% and upto 2.58%. There were negative global cues especially from China and the bears were in command. The trends of the major indices in Monday’s trading are given in the table below:
 
European shares fell on Monday on the first trading day of 2016 after weak Chinese data rekindled global growth worries, while oil prices jumped and bond yields dropped on rising tensions in the Middle East, reports Reuters. Chinese manufacturing surveys showed that any hopes for a recovery in the sector were premature. Adding to the worries, China's central bank fixed the yuan at a 4-1/2 year low. Chinese shares fell sharply, prompting the stock exchange to halt trading. European stocks followed Asia's lead. Germany's DAX dropped 3.4%.
 
Investors are wondering how much further the U.S. Federal Reserve will raise rates this year after its first rate hike in almost a decade last month. An immediate focus will be on Monday's ISM survey on U.S. manufacturing, which is expected to show the sector is still in contraction after hitting a 6-1/2-year low in November 2015.
 
The decline in China in particular is generally being attributed to downbeat market sentiment stemming from weaker than expected manufacturing activity in December 2015 and a steep fall in the yuan exchange rate on the day. The Caixin General China Manufacturing Purchasing Managers' Index (PMI) edged down to 48.2 in December 2015 from 48.6 in November 2015. The reading is the 10th month in a row below the 50-point level which demarcates contraction and expansion. The market is also worried about the forthcoming annulment of a rule which restricts shareholders with holdings of more than five percent in a company in selling shares. The rule came into force in July to prevent free falls in the markets and expires on Friday, raising the possibility of a substantial sell-off. In addition, about 9.27 billion lock-up shares in 34 companies, worth around 95 billion yuan, will become tradable this week.
 
With negative cues from abroad, the market analysts’ assessment of the fall in Indian stock markets may be summarised as: “With the Chinese markets crashing -- coupled with disappointing macro-economic data and profit-booking, the Indian equity markets plunged on Monday.”
The top gainers and top losers of the major indices are given in the table below:
 
The closing values of the major Asian indices are given below:
 

 

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Western Railway earns Rs2 crore daily from suburban commuters
Western Railway uses 84 tracks and makes 1,305 trips for suburban train commuters with each train carrying about 2,689 passengers. Borivali is the most crowded while Umroli is the least used station on WR’s suburban network, reveals an RTI
 
Western Railway earns Rs2 crore from over 35 lakh commuters daily who travel on its suburban rail network, reveals a reply received under right to information (RTI).
 
According to reply received by RTI activist Anil Galgali, Borivali is the most crowded station on Western Line of Mumbai Local. Besides Borivali, other stations like Andheri, Nalasopara, Virar, Bhayander, Kandivali, Goregaon, Dadar and Santacruz are the 10 most crowded stations on Western Railway's suburban network. 
 
Borivali, with revenues of Rs16.86 lakh every day remains the top station in terms of number of passengers travelling to and from this station as well as revenue generation. 
 
Replying to Galgali's query, Prakash Chandrapal, Commercial Officer of WR, said, all the 36 stations from Churchgate to Dahanu, Western Railway earns  total income of Rs1,99,46,652 and over 35.08 lakh commuters use its facility to travel everyday.
 
The least number of people are travelling from Umroli.  Only 355 passengers everyday travel from Umroli followed by Vaitarna (2565), Vangaon (5982) and Kelve Road (5591), the RTI reply reveals.
 
Western Railway also said that there are 84 tracks used for 1,305 train trips for suburban rail network and each train carries about 2,689 passengers, on an average. 

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COMMENTS

Mr Jitendra

1 year ago

I am confused: What is the mathematics behind 84 tracks getting used every day for 1305 suburban trains on Western Railway?

Is that a typing mistake where "rakes" became "tracks"?

I would like to understand the mathematics behind 84 railway tracks being used everyday.

REPLY

Shirish Sadanand Shanbhag

In Reply to Mr Jitendra 1 year ago

On 84 trackc of WR, I agree with you, Mr. Jitendra ji.
I also believe, that, it should be 84 racks, and not 84 tracks.

Fashion forecast 2016: Layered clothing, androgynous styles will rule
New Delhi : Unisex and layered fashion in soothing colours, with prints, patterns and embroidery will be big on the style meter throughout the New Year, say Indian designers.
 
IANS spoke to designers like Varija Bajaj and Gautam Gupta, as well as Karan Ahuja, director of scarves, stoles and shawl brands Ahujasons, to gauge what will be a hit amongst fashionistas this year.
 
"Women of today no longer believe that glamour comes just by wearing fitted clothes or showing curves. They are, in fact, very comfortable in donning boxy silhouettes, over-sized dresses and lots of layers. Even the male counterpart is not confined to just black, blue and grey and even they are seen wearing drapes, kalidaar kurtas and embellished jackets," Gupta told IANS.
 
Here’s a sum-up of the trends that will shine:
 
* Androgynous fashion: The line is getting more blurred in fashion between genders. The season is all set to experiment with androgynous fashion, so there will be a lot of boxy silhouettes, boyfriend dressing and comfortable fashion taking place in 2016. Whether it’s the Bollywood red carpet events or the fashion weeks, androgynous clothing has already set the trend rolling and it will reach new heights this year.
 
* Layered clothing: Sheers in summer and layers in winter is what we can expect in 2016. Fashion will be more about being stylish with a voluminous feel. Sheer fabrics such as net, organza and tulle will be seen more and one sees blends such as cotton silk, georgette satin, chiffon satin to be used more.
 
* Soothing colours: Colours that are more soothing in nature and bring calmness to the mind, will be popular. Expect shades like blush, powder blue, soft pink, white, rose quartz and serenity blue to stand out in the racks.
 
* 3D embroidery: Get a 3D effect with fabrics, embossed look, and velvet and burnt out texture, crafted textures.
 
* Prints and patterns: Get yourself set to patchwork power and clashes of prints. One will see a lot of vintage arts being used in contemporary way. There will also be a lot of washes and treatments on fabrics such as stone wash and other chemical wash. Also, while floral prints dominated last year, psychadelic and geometric prints will be a welcome break complementing androgynous trends.
 
* Organic fashion: Every year the focus on organic fashion will be more and 2016 will surely be a year for it to be noticed. A lot of focus is already being made towards it.
 
* Trend in stoles: In 2016, from geometric patterns to bold florals and abstract ones -- there is a lot to draw inspiration from. Tropical florals are perfect for 2016 and one of the colour trends that we are bound to see is an aquatic one. Aqua and turquoise will be popular along with salmon, pistachio and yellow colours.
 
Even in men's fashion, there will be some remarkable trends as men have become more adventurous:
 
* Tuxedos is one classic menswear that will rule.
 
* Even donning drapes won’t be a surprise in 2016. A lot of men are already wearing cowl trousers, drop crotch trousers and this will be more in trend.
 
* A lot of influence of sportswear will be seen, especially with Olympics slated to be held this year. The crop-fitted jackets will surely make way in men’s wardrobe. 
 
* Colours such as mauve, greyish pink, powder blue, royal blue and teal are the colours to watch out apart from the regulars like white, black, grey and blue.
 
* Accessories like pocket squares, ties, bows, belts, socks and shoes will be more in focus than ever before.
 
* Washed out denims will continue to be a man’s best friend.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Shirish Sadanand Shanbhag

1 year ago

Earlier feminine dresses were designed considering their natural comfort to the wearer.
By wearing androgynous dresses, females are discomforting themselves in that dress.
How difficult it is for female to sit in the toilet, bend their back forward in this type of dress, which is not suitable to their natural & inborn body. This type of uncomfortable equality in wearing androgynous dress gives the wearer a bodily discomfort.
Earlier comfortable salwar kamiz, frock, skirt & top dresses may disappear in the days to come, with the present trend of wearing the androgynous dresses by the female, all over the world.

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