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Bihar bus accident: death toll rises to four

Bodies of three deceased reach Nellore, while a sleeper bus carrying 29 injured travellers from Bihar has reached Bhubaneswar and is continuing its journey towards Nellore

11 Children Killed In Sleep In Pak Strikes On Afghanistan, Claim Taliban

The overnight attacks happened while the victims were asleep

Boo York, Boo York! Trump gets wake-up call in city that never sleeps

Donald Trump's appearance at an NBA Finals game in New York City was met with widespread boos and jeers, overshadowing the Knicks' loss and causing significant traffic disruptions. Despite the negative reception, Trump claimed the reaction was mostly cheers, while New Yorkers expressed their displeasure with the presidential visit.

US stocks: S&P 500, Nasdaq end up as tech, chipmakers rebound

U.S. stocks ended mostly higher on Monday, led by gains in the Nasdaq and chipmakers as investors sought bargains after Friday's sharp selloff and were relieved after Iran and Israel said they had halted attacks on each other. The halt came after an appeal from U.S. President Donald Trump that they immediately "stop shooting." The attacks over 24 hours were the most ‌direct confrontation between ⁠Iran and ⁠Israel since an April ceasefire in the war. The Dow ended lower and stocks overall closed off the highs of the day. Apple shares eased late in the session even as the company unveiled a series of AI upgrades to Siri. The S&P 500 technology sector and Philadelphia SE Semiconductor Index advanced, rebounding from Friday's losses that wiped out $1 trillion in market value for U.S.-listed chipmakers. Intel shares also jumped after news website the Information reported that Alphabet's Google had placed an order to manufacture more than 3 million tensor processing units in 2028. "Today looks like a day where investors are doing a little bit of bargain hunting ⁠off the ‌big tech selloff," said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. "What normally happens after that is you get analysts coming in and reiterating buys." He added: "This market has ⁠been priced for quite a while for perfection, and these are certainly imperfect times. In that environment, you are going to see some back-and-forth, and some fear of prices having gone too far." Stocks sold off late last week after hitting a series of record highs recently. Underwhelming results from chipmaker Broadcom last week had raised concerns that the chip sector was growing too fast, while much stronger than expected jobs data for May contributed to Friday's rout, as traders priced in interest rate increases this year. According to preliminary data, the S&P 500 gained 22.07 points, or 0.30%, to end at 7,405.81 points, while the Nasdaq Composite gained 222.13 points, or 0.86%, ‌to 25,931.56. The Dow Jones Industrial Average fell 75.61 points, or 0.15%, to 50,791.17.Also Read | US stocks: Alphabet taps Intel to make three million in-house chips: Report Apple announced the Siri revamp at its annual Worldwide Developers Conference at its Cupertino, California, headquarters. Investors may be having a "sell-on-the-news" response, said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts. "Perception has ⁠been for quite some time that Apple had been behind the curve as far as their AI offerings. That's why the stock widely underperformed many of the other big techs for some time until recently," he said. SpaceX's initial public offering on Friday could also prove a major test for U.S. stock markets, with investors wary of possible overexuberance. Other big tech advancers included Marvell Technology, which jumped as the chipmaker was set to join the benchmark S&P 500 before the start of trading on June 22. Eli Lilly gained after the drugmaker's trial results showed its next-generation obesity drug, retatrutide, curbed sleep apnea severity in addition to boosting weight loss and helping knee pain.

5-yr-old girl died after ‘falling asleep in the car’ in Bengaluru, mother booked for murder 3 months on

5-year-old Vennela was found dead on March 25 and a case was registered on June 4 based on a complaint filed by the girl's father against his estranged wife.

Ozempic, Fitness Apps & Olive Oil: Inside India's $170 Billion Wellness Rush

Fitness trackers, calorie-counting apps, and sleep monitors are now a part of daily life in urban India.

Overnight heavy rains cause waterlogging, uprooting of trees in parts of Kerala

A tree fell on a temporary shed, destroying it and killing a 29-year-old man sleeping under it in Thrissur's Manaloor, a fire and rescue services official said.

Founder’s parents lose sleep as ‘Cockroach’ sets social media on fire

The parents said they have lost their sleep after learning about Abhijeet’s move

Why sleeping too much could be bad for health

Labourer, sleeping on road, dies after soil for UP road project 'dumped' over him

Labourer, sleeping on road, dies after soil for UP road project 'dumped' over him

From 11 am wake-ups to 8:30 am breakfasts: How Indian cricketers are battling IPL fatigue

Three days after the IPL final, Team India are attempting to reset their body clocks and shed T20 habits ahead of the one-off Test against Afghanistan. Assistant coach Ryan ten Doeschate reveals how the team is tackling sleep cycles, technical adjustments and the challenge of switching from IPL nights to Test-match mornings.

Rajeev Thakkar on when to hold, when to exit, and why most get it wrong

For most investors, the focus is often on finding the right stock, entering at the right valuation, and identifying the next multibagger. Far fewer spend time understanding what may be the more difficult aspect of investing—knowing when to sell.Speaking at the ET Alpha Wealth Summit on Thursday on "The Art of the Exit," Rajiv Thakkar, CIO and Director at PPFAS Asset Management said that successful investing is not just about buying well but also about staying invested long enough for compounding to work. In fact, before discussing reasons to sell, he spent considerable time explaining why investors should avoid selling in the first place.According to Thakkar, one of the biggest mistakes investors make is selling because a stock has not moved for a few months.Also Read | ET Alpha Wealth Summit: Future alpha may emerge from neglected markets and asset classes, says Kalpen Parekh Investors often spend significant effort researching a company, understanding management quality, assessing industry prospects and evaluating valuations. Yet after purchasing the stock, many lose patience if prices remain stagnant for six months or a year.https://youtube.com/shorts/RiLj-X02NNE?feature=share"Investments are meant for wealth creation, not entertainment," he said, cautioning against treating investing like a source of excitement or constant action.Another common trigger for unnecessary selling is reacting to news flow. Markets are constantly bombarded with information—wars, elections, crude oil fluctuations, interest-rate decisions, capital flows and economic data. Investors who react to every headline often end up making poor decisions.To illustrate this, Thakkar recounted the story of an investor who received advance information about the severity of the Covid outbreak in early 2020. Acting on that information, the investor sold his technology stocks before the market crash. While the prediction turned out to be accurate, fear prevented him from re-entering the market, and he ultimately missed one of the strongest rallies in technology stocks.The lesson, according to Thakkar, is that even correct information does not necessarily translate into successful investment outcomes. Thakkar was particularly critical of the concept of "profit booking."Investors often feel compelled to sell simply because a stock has appreciated significantly. However, he argued that wealth is created by allowing successful investments to compound rather than by repeatedly locking in gains.Frequent buying and selling may benefit brokers, exchanges and tax authorities, but it often works against long-term investors. Hyperactivity in portfolios can destroy wealth by interrupting compounding and increasing costs.Similarly, investors should avoid selling because another stock appears more attractive. This "buyer's remorse" mindset frequently causes investors to abandon good businesses prematurely in pursuit of seemingly better opportunities."If you manage to find a genuinely good business with strong management, a large opportunity set and reasonable valuations, the best course of action is often to simply stay invested," he said.Thakkar emphasised that investors in taxable jurisdictions such as India should maintain low portfolio turnover whenever possible. Unlike institutional structures such as mutual funds or investors in tax-free jurisdictions, individual investors face taxes and transaction costs every time they trade. Excessive churn can significantly reduce long-term returns.For wealthy investors, family offices and HNIs, the ability to remain invested and minimise unnecessary transactions often becomes a major source of compounding advantage.Also Read | ET Alpha Wealth Summit: India could unlock a $5 trillion export opportunity through FTAs, says Saurabh Mukherjea While most reasons for selling are flawed, Thakkar identified several situations where exiting an investment becomes necessary. The most obvious reason is the need for capital. If an investor requires money for a business opportunity, acquisition or personal objective, selling investments may be entirely justified. More importantly, investors must be willing to acknowledge mistakes.If an investment thesis turns out to be wrong because of flawed analysis, poor due diligence or changing circumstances, the best course is often to exit quickly rather than averaging down endlessly.According to Thakkar, investors who recognise mistakes early frequently outperform those who identify good opportunities but refuse to sell losing positions. Capital trapped in poor investments cannot be deployed into better opportunities. Fraud, naturally, represents an immediate reason to exit.One of the more challenging selling decisions arises when industries face structural disruption. Questions such as whether newspapers can survive the internet, whether thermal power can coexist with renewable energy or whether traditional automobile manufacturers can adapt to electric vehicles rarely have straightforward answers.Thakkar suggested that investors should not react impulsively but should continuously evaluate incoming evidence. Investment decisions should be driven by facts rather than sentiment. If the underlying business continues to deteriorate because of technological or structural change, investors must eventually acknowledge reality and exit.At the same time, distinguishing genuine disruption from temporary noise remains critical. Exceptional businesses are not immune to becoming overvalued. Thakkar pointed to situations where valuations become so excessive that future growth is already fully reflected in stock prices. In such cases, taking profits, paying taxes and reallocating capital may be sensible.He also noted that investors may sell a reasonably valued investment if a significantly superior opportunity emerges elsewhere.During the question-and-answer session, investors raised concerns about stocks that stop performing despite sound fundamentals. Examples such as Maruti Suzuki, Bharti Airtel and even silver investments highlighted a common dilemma: should investors exit after years of gains and subsequent consolidation?Also Read | MF Tracker: Can ICICI Prudential Multicap Fund sustain its strong track record in a volatile market? Thakkar's response was that even excellent businesses can spend years moving sideways. Companies such as Hindustan Unilever, Infosys and Bharat Electronics have all gone through extended periods of stagnant share-price performance despite remaining fundamentally strong businesses.Investors should therefore distinguish between stock-price performance and business performance. As long as the underlying business continues to execute well, temporary market stagnation alone is not a sufficient reason to sell.For investors worried about selling too early, Thakkar recommended a phased approach. Instead of attempting to identify exact market tops, investors can gradually reduce exposure over time. For instance, if a stock appears significantly overvalued, an investor might sell a portion every month rather than exiting entirely in one transaction.This systematic approach helps manage the emotional difficulty of selling while reducing the risk of poor timing. Another important consideration is position sizing. Addressing a question about highly successful investments such as Nvidia, Thakkar noted that even outstanding businesses can become disproportionately large components of a portfolio.When a single stock grows from a small allocation into a dominant position, investors face a different risk—wealth preservation rather than wealth creation. His solution is gradual trimming. Investors can periodically reduce oversized positions to maintain comfortable portfolio weightings while still participating in future upside.This approach may not maximise returns, but it significantly reduces the risk of catastrophic losses and helps investors sleep better during periods of volatility.Thakkar concluded by stressing the importance of diversification and long-term investing. Most individuals create wealth through a single business, profession or sector. Their financial portfolios should therefore diversify away from that concentration rather than amplify it.Whether through mutual funds, retirement vehicles such as NPS, EPF and PPF, or diversified portfolios, investors should focus on owning inflation-protected assets for long periods. "The lower the churn in a portfolio, the greater the opportunity for compounding," he said.Ultimately, successful investing is not about perfectly timing every entry and exit. It is about avoiding unnecessary activity, admitting mistakes quickly, remaining patient with good businesses and ensuring that no single investment becomes large enough to threaten long-term financial stability.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.

Twisha Sharma Death Case: Giribala Skips Chana Dal, Sleeps Easy; Son Samarth Tosses & Turns In Jail

Booked into Bhopal Central Jail, retired judge Giribala Singh is now Prisoner No. 71. Her son Samarth, lodged in Barrack 4-B with 15 others, has been assigned Prisoner No. 1782.

Searches carried out in six Kashmir districts in terror related case

The case registered in 2015 pertains to Pakistan-sponsored terrorist outfits, their sleeper-cell networks and activities related to recruitment, radicalisation and facilitating terrorism in J&K searches were conducted at in Srinagar, Bandipora, Kupwara, Anantnag, Kulgam and Baramulla districts

African Proverb of the day: 'If you are threatened by a man, sleep at night, if it is by a woman...'

Although the wording may initially appear to focus on gender, the proverb's enduring appeal lies elsewhere. At its heart is a broader lesson about perception.

Mohini Mani's demise: Vijay and Trisha Krishnan reach Ajith Kumar's residence

Actor Ajith Kumar returned to Chennai following his mother Mohini Mani's passing at 89. Several film and political figures, including Vijay and Trisha Krishnan, visited his residence to offer condolences. The family announced Mohini Mani died peacefully in her sleep after declining health and requested privacy for the private final rites.

Truck carrying Afghan refugees from Pakistan overturns, killing 22

A tragic road accident in eastern Afghanistan claimed at least 22 lives, including 10 children and five women, as a truck carrying returning refugees overturned. Officials reported around 36 others injured. The incident, attributed to the driver reportedly falling asleep, highlights the perilous journeys of Afghans returning from Pakistan and Iran amidst increased expulsions.

Man lists pros and cons of US shift jobs in India: ‘Higher salary, disturbed sleep cycle’

A man's candid breakdown of the pros and cons of working US shifts from India has sparked discussion on social media. While higher salaries and flexible daytime hours were listed as advantages, concerns around sleep disruption, health issues and social isolation resonated with many users online.

'Peaceful sleep is over': Russia's warning to EU after Romania drone attack; NATO vows to defend alliance territory

A drone hit an apartment building in the centre of the city of Galati in Romania, close to the border with Ukraine.

Two killed, 35 injured as sleeper bus rams truck on Agra-Lucknow Expressway

Two people were killed and 35 passengers injured after a sleeper bus rammed into a truck on the Agra-Lucknow Expressway