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market update arrow Moody's places Vedanta Resources CFR under review for downgrade arrow PM Narendra Modi to share message with nation on Tuesday evening at 6 arrow Latest news LIVE: CBI team visits Hathras rape victim's residence arrow Links found between air pollution, risk of neurological disorders: Study arrow MARKET WRAP: Indices rise for 3rd day, Sensex up 113 pts; IT stocks advance arrow LIVE: Israel to start human trial of Covid-19 vaccine 'Brilife' by Oct-end arrow Cathay Pacific to cut 6k jobs, axe Cathay Dragon brand amid Covid: Report arrow HUL Q2 net up 9% YoY to Rs 2,009 crore; announces interim dividend of Rs 14 arrow HUL Q2 net up 9% YoY to Rs 2,009 crore; announces interim dividend of Rs 14 arrow Sugar stocks in focus; Balrampur Chini, Avadh Sugar up over 5% arrow Lawsuit challenges Donald Trump's new H-1B visa rules; calls it 'arbitrary' arrow Verdict on Amazon arbitration plea over Future-RIL deal expected soon arrow Verdict on Amazon arbitration plea over Future-RIL deal expected soon arrow Just Dial surges 67% in 17 days after promoter buys shares via open market arrow HDFC Bank has sufficient financial heft to withstand economic shocks: S&P arrow Oberoi Realty rallies 15%, records sharpest intra-day gain in 6 months arrow India considers trade talks with Taiwan as both spar with China arrow What should Joe Biden's economic policy be?: A large scale deficit spending arrow DATA STORY: India now has fewer active coronavirus cases than France arrow Kajaria Ceramics gains for third straight day ahead of Q2 results arrow Looking to expand presence, Vestas bets on India specific wind turbines arrow Rallis India declines 5% as revenue slip 3% in September quarter arrow Larsen & Toubro gains 3% on hopes of contract win for bullet train project arrow Britannia declines 5% as Q2 revenue slightly misses analysts' expectations arrow ACC rises 4% post September quarter results; other cement stocks rally too

Trading and Investment Terms

Big Mac Index

An index devised by 'The Economist' magazine to illustrate the notion of purchasing power parity. The Big Mac Index compares the price of McDonald's Big Mac burgers in various countries as a guide to whether currencies are overvalued or undervalued. It's based on the assumption that exchange rates should adjust to equalise the price of the same item no matter in which country it is purchased. If the prices are different there is an anomaly in the valuation of the local currency.

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