Indian benchmark indices slide for the third consecutive session
Mumbai, Nov 15 (IBNS): The Indian market closed lower for the third consecutive day on Wednesday, with BSE Sensex down 181.43 points at 32,760.44 and NSE Nifty down 68.60 points at 10,118.
Key stocks that gained were Asian Paints, BPCL, Kotak Mahindra, Tech Mahindra, Ambuja Cements, Hero Motocorp, ICICI Bank, Eicher Motors and Infosys while Sun Pharma, Vedanta, BHEL, ONGC, Bharti Airtel, Bharti Infratel, Hindalco, UPL and NTPC declined.
Credit Suisse has published its Global Wealth Report 2017, in which it said that total global wealth has now reached USD 280 trillion and is 27 percent higher than a decade ago at the onset of the financial crisis.
According to the report, in the past 12 months, total global wealth grew by 6.4 percent. It is the fastest pace of wealth creation since 2012 and one of the best results since the financial crisis. Moreover, as wealth increased faster than the population, global mean wealth per adult reached a new record high of USD 56,540.
Comparing wealth gains across countries, the United States is an unquestionable leader, the report said. The country added USD 8.5 trillion to the stock of global wealth. In other words, the US generated more than half of the total global wealth aggregation of USD 16.7 trillion of the past 12 months.
According to the report, India’s household wealth increased by 9.9 percent to USD 5 trillion, while the global average was 7.5 percent.
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