Stock market opening: Good start for the stock market today: Sensex rose 340 points, Nifty gained 115 points.

Stock market opening: Good start for the stock market today: Sensex rose 340 points, Nifty gained 115 points.

The stock market started the week with a strong rise. Sensex jumped 340 points and Nifty opened above 26,000 with a rise of 115 points. The IT index rose by more than 1%. Sensex opened 216 points at 85,145. Nifty opened 89 points at 26,055. Bank Nifty opened 155 points higher at 59,224, and in the forex market, the rupee opened 27 paise lower at 89.54/$. Metals, media, consumer durables, auto and NBFC sectors also saw growth. In the Nifty 50, Shriram Finance, Infosys, Hindalco, Tata Steel, Wipro, Tech Mahindra and Grasim were among the top gainers. Only SBI Life, M&M, UltraTech Cement and Power Grid saw decline. Market sentiment looks strong on Monday ahead of the start of the new trading week. On Friday, continued buying by foreign and domestic investors, a rise in US tech stocks and record levels in commodity markets supported sentiment. Meanwhile, unusual movements in Infosys ADRs remain the major topic of discussion in the market. Paranormal Volatility in Infosys ADRs On Friday, Infosys ADRs saw their biggest ever intraday surge, with the share price rising as much as 57% at one point. Trading had to be halted twice due to this intense movement. By the end of the day, however, ADR closed with gains of only about 5%. The company explained that there was no major news or development to report on this move, so the reason for the surge remains a mystery. The market got support from strong buying by FIIs and DIIs. Foreign institutional investors continued their purchases in the cash market for the third consecutive day. On Friday, FIIs made net purchases of around Rs 6,744 crore in cash, index and equity futures. Domestic institutional investors also kept their faith, investing nearly ₹5,700 crore in the market for the 80th consecutive day. This strong investment is seen as a big positive sign for the market. GIFT Nifty rose on strong global cues. Talking about global cues, GIFT Nifty traded around 26,180 with a gain of around 150 points. Dow futures also posted a gain of about 50 points. U.S. markets were strong for the second straight day on the back of gains in technology stocks. On Friday, the Nasdaq closed nearly 300 points higher for the day, while the Dow Jones gained 180 points. Record movement in the commodity market. Much movement was also seen in the commodity market. Silver surged by nearly ₹5,000 to its all-time high of ₹2,08,603 per kg. However, gold fell nearly ₹300 to close at ₹1,34,200. Crude oil remained stable near $61 a barrel. Precious metals saw widespread strength. LME copper closed at a record high, aluminum hit a three-and-a-half-year high, while zinc, lead and nickel also rose up to 1.5 percent. SEBI rejected the news of short selling ban. SEBI termed the media reports of the ban on short selling as complete rumours. The regulator has made it clear that there is no question of any change in the existing framework of short sales. Corporate and IPO Updates Indian Hotels sells around 25.5 per cent stake in its subsidiary Taj GVK Hotels. The stake will be sold to promoter GVK Bhupal family at a price of around ₹370 per share. Meanwhile, the IPO of Gujarat Kidney & Super Specialty will open for subscription today. The issue price band has been fixed at ₹108 to ₹114. Anil Singhvi’s views will be especially important for investors at 8am. Important news for train passengers: Train travel will be expensive from December 26. The fares of AC and non-AC mail and express trains have been increased by 2 paise per kilometer. However, there is no change in the fares of local trains. Overall, the market is expected to open on a positive note amid strong global cues and continued investment inflows, while investors will keep a close eye on Infosys ADR movements and bounce back in the commodity market.

“Corrupt people must step down”, posters put up against Brij University’s vice-chancellor

“Corrupt people must step down”, posters put up against Brij University’s vice-chancellor

Posters were put up against the chancellor of the Maharaja Suraj Brij University. Banners and posters were put up at Kumher Gate crossing, Laxman Mandir crossing and the main gate of MSJ College in Bharatpur city. Slogans were written in Kumher area of ​​Deeg district against Brij University Chancellor Professor Tribhuvan Sharma and former Vice Chancellor Professor Ramesh Chandra, who were suspended on corruption charges. The slogan is “Corrupt people must leave their thrones”. It is not known who put up these banners. VC Suspended on Corruption Charges The Governor has suspended former Brij University Chancellor Ramesh Chandra on corruption charges. Along with the chancellor, other officials of the university were also suspended. Access to the university is also prohibited. Even after this, the vice-chancellor did not remove other officers who were suspended on charges of corruption from the university. There is anger among the students because of this. Vice Chancellor accused of corruption, Rs 25 lakh cash went missing from university. No concrete steps have been taken in this case either. The work of erecting four watch towers was supposed to cost Rs 2.5 lakh, but only Rs 9.5 lakh was paid. Rs 9 crore furniture scam: Items like expensive curtains, chairs and dining tables were purchased. There is no record of furniture worth crores of rupees, nor are the items visible. Rs 12 crore chemistry lab scam: things promised were not visible. Poor quality items were purchased. Irregularities worth Rs 11.5 crore in purchase of books: Books were purchased which had nothing to do with the students. Answer Sheet Scam: A huge sum of Rs 1.5 crore was given for poor quality answer sheets. Contract recruitment scam: 14 teachers were hired against their qualifications. The rules were ignored and retired employees over 65 were rehired. PhD admission scam: More than 50 students were admitted without giving guidelines. Fees have been taken, but the course has not been completed. For this reason, the students are angry. Following allegations of corruption, former Vice Chancellor Ramesh Chandra was removed. However, the governor instructed against deputy registrar dr. Arun Kumar Pandey, Assistant Registrar Prashant Kumar and Controller of Examinations Farvat Singh. But the current vice-chancellor has not taken any action, which is why the students are angry. Share this story Tags

Bets on a year-end rally push Asian stocks and commodities higher

Bets on a year-end rally push Asian stocks and commodities higher

Asian shares rose after gains in US stocks on Friday bolstered bets on the possibility of a strong rally by the end of the year. The MSCI Asia-Pacific share index rose 1%, with the technology sector leading the gains. U.S. stock futures also rose in Asian trade. Gold and silver hit record highs, while oil also rose amid rising geopolitical tensions after US President Donald Trump tightened his siege on Venezuela. In Japan, bond yields rose to their highest levels in several years following a hike in interest rates last week, while the yen strengthened against the dollar after the country’s chief currency officer issued a warning about the recent moves. Hopes for a year-end rally in stocks grew, after plunging buyers late last week helped U.S. stocks recover from a slide fueled by doubts about enthusiasm for artificial intelligence and the limits of possible easing by the Federal Reserve. The S&P 500 index rose 0.9% for a second day in a row on Friday, erasing the week’s losses, with trading volumes rising during the expiration of quarterly options and futures contracts and with traders positioning themselves in anticipation of a rally that stretches into 2026. He added: “The biggest challenge remains the evaluations of artificial intelligence and the path of the market from now on.” Gold, silver and oil prices rose in spot deals, surpassing the previous high of more than $4,381 an ounce set in October, after posting gains over the past two weeks amid expectations of a further cut in interest rates by the Federal Reserve. Silver also rose to a record high, while platinum continued to rise for the eighth consecutive session. Brent crude rose to $61 a barrel after US forces boarded an oil tanker and pursued another near Venezuela, within weeks of the first seizure of a ship. Also read: Washington is tracking a third oil tanker as Trump tightens blockade of Venezuela. Japan is in focus and Asian markets continue to rise. Japanese markets remained under scrutiny after the central bank raised the benchmark interest rate to the highest level in 30 years on Friday. Bank of Japan Governor Kazuo Ueda chose to keep his options open instead of propping up the yen, settling for a cautious rate hike, sending the currency sliding to levels that had previously prompted intervention in the past. The yen rose on Monday after Atsushi Mimura, Japan’s chief currency official, said he was “very concerned” about what he described as “unidirectional and sudden movements”, especially after last week’s monetary policy meeting. “We would like to take appropriate responses to excessive movements,” Mimura told reporters. Meanwhile, the yield on Japanese 10-year bonds rose 7.5 basis points to 2.095%, a level not seen since February 1999. The yield on two-year bonds, which are more sensitive to monetary policy expectations, also rose to the highest level since 1997. Also read: Why is the bond rate market not responding to interest rates? Expectations that China will move toward easing monetary policy In a separate context, Chinese commercial banks kept key interest rates for one-year and five-year loans unchanged on Monday, with growing expectations that the People’s Bank of China will move toward easing monetary policy next year. Shares also rose in China amid the broad rally in Asia. Republican lawmakers on the House Committee on China asked the Defense Department over the weekend to include more than a dozen companies on the list of military companies. The rise in Asian shares on Monday came after the regional index lost 1.9% last week, ending a three-week streak of gains. A sub-index of regional technology stocks rose 2.1% in early trading, after the Philadelphia Stock Exchange’s index of semiconductor shares rose 3% on Friday. Also read: The artificial intelligence boom brings a flood of debt to a very safe market. On the data front, growth readings in the United Kingdom and the United States are scheduled to be released this week, in addition to the minutes of the Reserve Bank of Australia’s December monetary policy meeting, which could provide clues as to whether the bank may raise interest rates in February. In Japan, Tokyo inflation data is expected to be released alongside national jobs data, which could help traders gauge the Bank of Japan’s policy outlook.

Silver hits a record high amid a bet on a US rate cut

Silver and gold break records supported by rate cut bets

Silver rose to a record high, while platinum continued to rise for the eighth consecutive session. Gold also hit a new record high, amid rising geopolitical tensions and expectations of additional interest rate cuts by the Federal Reserve next year. Gold rose in spot trading, surpassing its previous high of more than $4,381 an ounce, set in October, after posting gains over the past two weeks. Traders are betting that the Federal Reserve will cut interest rates twice in 2026, at a time when a series of economic data released last week failed to provide more clarity on future interest rate expectations, despite US President Donald Trump’s call for a sharp cut in interest rates. More accommodative monetary policy is a supportive factor for gold and silver, which do not generate returns. Silver rose as much as 2% to hit a record high of $68.4850 an ounce, supported by speculative flows and continued supply imbalances across major trading hubs, following a historic wave of selling pressure in October. Total trading volume on silver futures in Shanghai jumped earlier this month to levels close to those recorded during the crisis a few months ago. Geopolitical tensions have increased the safe-haven appeal of precious metals. The United States tightened an oil blockade on Venezuela, increasing pressure on the government of President Nicolas Maduro, while Ukraine launched its first attack on an oil tanker belonging to the Russian “shadow fleet” in the Mediterranean. Also read: Washington is tracking a third oil tanker as Trump tightens blockade of Venezuela. A historic year for precious metals. Precious metals are on course for a historic year as both gold and silver are on track for their strongest annual gains since 1979. Silver prices have more than doubled, while gold has jumped by about two-thirds, supported by increased central bank purchases and money flowing into exchange-traded funds backed by gold. According to data compiled by Bloomberg, gold-backed exchange-traded funds have recorded increasing inflows for five consecutive weeks, while data from the World Gold Council shows that total holdings in these funds have risen in every month of this year except May. Platinum rose above the level of two thousand dollars per ounce for the first time since 2008. It comes at a time when the metal, which has risen 120% this year, has jumped sharply with signs of a tightening market in London as banks deposit the metal in the United States to hedge the risks of customs duties. Exports to China have also been strong this year, and optimism about demand in the country was boosted after futures finally began trading on the Guangzhou Futures Exchange. Gold rose 1% in spot deals to $4,383.19 an ounce at 09:44 Singapore time. Silver rose 2% to $68.48. Platinum rose 2.5%, while palladium gained 3.3%. The Bloomberg Dollar Spot Index fell 0.1%.

Theaters bet big on massive screens, flowering sound and chairs to attract movie fans

Shilpa Shetty remembers dad on his 85th birth anniversary with unseen photos

Shilpa shared old photos with her father and captured the strong bond between the father-daughter duo. Shilpa Shetty remembers father on his 85th birth anniversary with unseen photos Mumbai (Maharashtra) [India]December 22 (ANI): Bollywood actor Shilpa Shetty paid a heartfelt tribute to her late father and remembered him on his 85th birth anniversary. On Instagram, Shilpa shared old photos with her father and captured the strong bond between the father-daughter duo. The post also featured a priceless moment showing Shilpa’s father with her son Viaan. She ended the series with a group photo of herself and her sister, Shamita Shetty, with their father. “Cheers to 85, Dad! I hope you’re enjoying your single malt up there,” she wrote in the caption. Shilpa and Shamita’s father passed away in October 2016 after suffering a cardiac arrest. Shilpa Shetty, who married businessman Raj Kundra in November 2009, welcomed her first child, son Viaan, in 2012. The couple welcomed their daughter, Samisha, in February 2020, who was born through surrogacy. The actor has been in the headlines lately for the wrong headlines. After being named in an alleged ₹60-crore fraud case, Shilpa broke her silence with a strongly worded statement, refuting the allegations. “I am deeply saddened by the baseless attempt to link my name to this matter. My association with the company was strictly in a non-executive capacity, with no role in its operations, finances, decision-making, or any signing authority. In fact, like several other public figures, I endorsed certain products for the home shopping channel, in a professional capacity, for which the state is still outstanding,” the statement read. Shetty further alleged that her family had lent a substantial amount to the company, adding that nearly ₹20 crore was extended as a loan and the amount remained “unpaid”. “I wish to place on record that nearly ₹20 crore has been lent to the company by us as a family, and the said amount remains unpaid. The mischievous attempt to impute criminal liability to me, especially after an inexplicable delay of nearly nine years, is legally unsustainable and contrary to settled principles of law,” she said. In August, a case was registered against Shilpa Shetty, her husband Raj Kundra and another individual for allegedly defrauding a businessman of over ₹60 crore. (ANI)

Rupee to slide after RBI’s double strike fueled biggest rally in six months

Rupee to slide after RBI’s double strike fueled biggest rally in six months

INDIA MARKETS/RUPEE: INDIA RUPEE Rupee to slide after RBI’s double strike fueled biggest rally in six months. by the Reserve Bank of India last week, with traders now reconsidering how much follow-up the central bank is willing to deliver. The one-month non-deliverable forward indicated that the rupee will open in the 89.50-89.60 range against the US dollar, after rising nearly 1% to settle at 89.27 on Friday. Late in Friday’s session, heavy dollar selling by the RBI fueled the rally, with bankers saying the intervention was aimed at speculators and certainly pushed the currency higher. The rupee climbed from the 90.10-90.20 range to near 89.30 within minutes, triggering stop losses and forcing a quick repositioning. Bankers said the late-session timing strengthened the move and left little room for counterflow. A similar playbook was used on Wednesday, although that intervention came shortly after the market opened. The rupee climbed 1.3% last week, its best performance since June, lifting it marginally into positive territory month-to-date. “If you look at last week, it seems to me that the RBI is thinking about timing to get maximum impact on price action in the near term,” said a currency trader at a bank. “What the market is watching now is whether there is follow through if there is (rupee) weakness again, and how much of the underlying supply-demand imbalance the intervention can address.” Meanwhile, Asian cues offered little direction for the rupee at the start of the week. Most regional currencies were largely flat, while the ⁠dollar index was slightly weaker. Asian cues have played a limited role in the rupee’s recent intraday moves, bankers say, with domestic flows and RBI intervention the dominant drivers. “In the absence of significant flows, USD/INR has a propensity to bounce back after every major intervention,” India Forex and Asset Management said, adding that 88.80 is now a key support for the pair. KEY INDICATORS: ** One month non-deliverable rupee forward at 89.98; country one-month forward premium ‍at 34 paise ** Dollar index down ‍at 98.64 ** ⁠Brent crude futures rose 0.8% at $60.9 a barrel ** Ten-year US note yield at 4.17% ** According to NSDL data, foreign investors bought a net share of $133 mln Indian stock. 18 ** NSDL data shows foreign investors bought a net $30.8 million worth of Indian bonds as of December 198 (Reporting by Nimesh Vora; Editing by ‌Rashmi Aich)

Alex Honnold to rope-free climb Taipei 101 in his ‘most ambitious urban climb’ – When and where to watch LIVE

Alex Honnold to rope-free climb Taipei 101 in his ‘most ambitious urban climb’ – When and where to watch LIVE

When it was completed in 2004. Taipei 101 was once the tallest building in the world at 508 meters. It is now the world’s 11th tallest building, although it is still the tallest building in Taiwan. Alex Honnold In his most ambitious urban climb to date, Alex Honnold will tackle Taipei 101 next month in an exhilarating, rope-free climb. The popular American climber said it was his “long-standing goal” to climb the 1,700-foot skyscraper. This summit will be broadcast live on Netflix in a two-hour program. Alex shared the news with his followers, writing: “On January 23rd I will be free to solo Taipei 101 in Taiwan. It’s been a long-time goal of mine, and it will be the most ambitious urban climb I’ve ever attempted.” “It’s a nearly 1,700-foot tower! What’s not to love?! And I’ll be doing it live on Netflix. Tune in Friday, January 23rd at 8:00 PM ET / 5:00 PM PT,” he added. In India, the “Skyscraper Live” will be telecast on January 24 at 6:30 AM. Netflix first previewed its upcoming live show in October after Taiwanese social media began flooding with videos showing Alex Honnold training for the climb, waving to people from outside Taipei 101’s observatory and even scaling the tower’s spire. About the Taipei 101 Climb When it was completed in 2004. Taipei 101 was the tallest building in the world at 508 meters. It is now the world’s 11th tallest building, although it is still the tallest building in Taiwan. According to the Focus Taiwan website, Taipei 101 is the first large man-made structure that Alex Honnold will climb. It marks a shift in his 30 years of rock climbing. Alex admitted that climbing this skyscraper is “a bit different” and involves more repetitive movements, making it less technically difficult but more physically demanding. He also told the news outlet that the most challenging part of the climb would be what he called the “bamboo boxes,” the eight segments consisting of 64 floors in the center of the overhanging building. In each section there is an overhang of 10 or 15 degrees, and then a balcony every eight floors, Alex shared. That means you make “pretty hard efforts for about 100 feet” and then reach a balcony several times, he added. When asked about his aspirations for the climb, Alex Honnold said his goal was similar to the trail running events he did, which was to “not injure myself and qualify myself with dignity.” (With ANI input)

Stocks to buy for short-term: Nifty eyes 26,325, says Angel One’s Osho Krishan, lists 2 stocks to buy this week

Stocks to buy for short-term: Nifty eyes 26,325, says Angel One’s Osho Krishan, lists 2 stocks to buy this week

Indian equity markets ended the previous week with marginal losses as mixed macro data, a falling rupee and continued uncertainty over the India-US trade deal kept investor sentiment cautious. Selling pressure dominated most sessions last week, but a recovery in the last trading session, driven by value buying and renewed interest from foreign portfolio investors (FPIs) helped limit the downside, even as benchmarks did not close in positive territory. The Nifty fell 0.31% to 25,966, while the Sensex fell 0.40% to 84,929 for the week. The markets entered this week at an important juncture after navigating a volatile stretch marked by persistent pressure and a late recovery. According to Osho Krishan, General Manager – Technical and Derivative Research at Angel One, the benchmark indices – Sensex and Nifty – showed resilience by defending critical technical levels, keeping alive hopes of a near-term bounce despite broader uncertainty. Nifty Weekly Outlook Osho Krishan of Angel One said that the recovery in the last session helped the index to protect the crucial 50-DEMA, which has emerged as an important technical anchor. According to Krishan, the weekly chart has formed an Inner Bar pattern, indicating limited movement and the absence of a decisive trend. He warned that the index still faces challenges near the 20 and 50 DEMA levels, even though it recently crossed above the 20 DEMA. “The index has faced constraints to make any substantial moves as evidenced by the Inside Bar formation on the weekly chart,” Krishan said, adding that the market is still not completely clear of technical hurdles. From a support perspective, Angel One’s Osho Krishan has identified the 25,850–25,800 zone as an important cushion for intermediate declines, while the 25,700 level remains a sacred support that has protected the benchmark over the past two weeks. On the upside, he said a decisive move above 26,050–26,100 would be needed to provide meaningful relief to bulls and possibly open the way to the 26,300–26,325 zone in the coming phase. Given the current setup, Krishan advised a pragmatic approach. He stressed the importance of following key thematic drivers amid sectoral volatility, staying alert to global developments that could act as catalysts, and closely monitoring currency market movements for clues on near-term direction. Stocks to Buy This Week: Angel One’s Technical Picks In addition to the broader market outlook, Angel One’s Osho Krishan also highlighted selective stock opportunities based on technical setups, focusing on counters showing signs of reversal from key support zones. CEAT: According to Krishan, CEAT has recently undergone a pronounced correction, bringing the stock closer to its 100 DEMA. In the latest session, the stock saw a rise in both price and volume near this support zone, which coincided with the neckline of a previous breakout. He added that the 14-day RSI showed a positive crossover, while the MACD indicated a reversal, reinforcing the bullish setup. Angel One recommends buying CEAT around ₹3,900, with a stop loss at ₹3,650 and a target range of ₹4,200–4,300.Godrej Consumer Products: Another stock highlighted by Krishan is Godrej Consumer Products. He pointed out that the stock has rebounded from the ₹1,120 zone and crossed above its 200-day SMA, indicating the beginning of a counter-trend move. Krishan noted that the MACD histogram has moved above the signal line, indicating buying momentum, while EMAs are approaching positive crossovers. “The technical indicators suggest that the upside momentum is likely to continue in the near future,” he said, recommending buying Godrej Consumer Products around ₹1,170, with a stop loss at ₹1,120 and a target range of ₹1,230–1,250. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Weather Today: Dense fog envelops Delhi, Punjab, Haryana, UP, Madhya Pradesh; IMD warns of cold day conditions

Weather Today: Dense fog envelops Delhi, Punjab, Haryana, UP, Madhya Pradesh; IMD warns of cold day conditions

Weather Today: The IMD has issued orange and yellow alerts for several regions, predicting cold wave and fog conditions. Dense fog on Sunday caused several flight cancellations and continues to affect operations. IMD has issued warnings for cold wave and fog in Delhi, Punjab, Haryana, Uttar Pradesh and Madhya Pradesh. (Hindustan Times) Dense fog enveloped Delhi, Punjab, Haryana, Uttar Pradesh and Madhya Pradesh early Monday morning, reducing visibility to a few metres. The India Meteorological Department (IMD) has issued an orange alert fort East Uttar Pradesh as it has warned of dense fog and cold wave conditions today while western areas of the state are on yellow alert. The national capital is also on IMD’s yellow alert today. In a post on X, IMD said: “Dense to very dense fog is expected during night and morning hours over parts of East Uttar Pradesh (till 23rd) and Punjab, Haryana, West Uttar Pradesh and North Madhya Pradesh (till 22nd). Bihar, Jharkhand and interior Odisha may experience dense fog till December 24.” On Sunday, cold day conditions and fog spelled out the weather conditions in Delhi, Punjab and Haryana, while snowfall in higher parts of Jammu and Kashmir marked the beginning of ‘Chillai-Kalan’ – the 40-day harshest winter period that will end on January 30. The sudden cold wave can be attributed to Western Disturbance and presence of Northwest Indian Current. The weather agency has predicted heavy rainfall, snowfall and blizzard for Jammu and Kashmir, Ladakh and Himachal Pradesh with reduced visibility, less than 400 meters. Meanwhile, Uttarakhand may brace for “scattered rainfall/snowfall” till December 24. IMD has warned of cold wave conditions in Karnataka and Telangana on December 22 and 23. Cold day conditions “Cold day conditions most likely in isolated pockets of Uttarakhand, Jharkhand on 22nd; Punjab, Haryana, Chandigarh, Bihar, Uttar Pradesh on 22nd and 23rd December,” IMD said in its latest press release. Delhi Weather Today In the national capital, the minimum temperature is expected to settle between 8 and 10 degrees Celsius, while the maximum temperature is expected to hover around 20 to 22 degrees Celsius, according to the IMD. Footage from Delhi’s ITO and UP’s Ayodhya shows dense fog blanketing the region. The meteorological department has predicted moderate fog for Monday. Fog disrupts flight operations A day earlier, dense fog disrupted flight operations at Delhi’s Indira Gandhi International Airport as more than 105 flights were cancelled, including 55 arrivals and 52 departures. Notably, more than 450 flights were delayed due to low visibility conditions, PTI reported. Delhi Airport issued a passenger advisory at 7:00 AM saying, “Low visibility procedures are underway at Delhi Airport. According to Airport Authority of India officials, nearly 11 flights have also been canceled at Srinagar International Airport due to the weather conditions.

How to follow your passion and turn your skills into lasting financial success

How to follow your passion and turn your skills into lasting financial success

There has never been a better time for the truism, “follow your passion”. With hundreds of YouTubers and other social media content creators making crores and college dropouts raking in millions, financial gains can no longer be said to be reserved for the well-off, highly qualified and well-connected. Those with passion can write their own script. Let’s try to figure out the economy of passion. What is passion? Here are two working definitions. First, something you do without any external motivation, and second, something that doesn’t leave you exhausted. We’ve all experienced moments of “flow” where the clock isn’t ticking and the means are the same as the end. It’s your passion. This is your “groove”. Most people go through their whole lives listening to other people’s calling, and never discover their own. The happy couple discover their passion (or passions), but it is only to others that they seem happy. They earned it the right way. How do you discover your passion? By experimenting. While holding down a day job—which ensures the food on the table—you fervently experiment to discover what excites you. You give it a serious shot, hold on for a while, then turn. As you go through the motions, you occasionally hit the resonant frequency, and then you don’t have to exert yourself. When I worked in a large corporation in the early 2000s, I spent my weekends teaching, experimenting with subjects, colleges, and more. Soon I realized that teaching is my passion. I also experimented with writing, photography, travel, camping, event management, singing, comedy performances, poetry, but couldn’t find my groove. Once you stumble upon your passion, you realize the futility of the counterfactual. But here’s a warning: Passion is blind. As much as passion enables you, it can also disable you. Invest right As soon as you realize your passion, or passions, you need to invest. Most people do not take their passions seriously and deliberately invest in them to gain mastery. Passion without mastery is a hobby. It keeps you busy, but not much. Mastery requires momentarily saying no to other experiments and doubling down, at least for a significant period of time. Since this is your passion, you won’t mind going deeper, ironing out the kinks and achieving proficiency. Without expertise, you will find it difficult to justify your passion, even to yourself. When I discovered my passion for teaching, I went on to pursue a full-time PhD. I had to leave a stable source of income and settle for a humble allowance. It suited my temperament because mastery does not come easily, especially if you follow academics. Money matters When you discover your passion and achieve mastery, you then look for money, which is through the commercialization of your passion. Why seek money? Will it not corrupt your passion? No, it won’t. Money is a good proxy for the value the world associates with your passion. Until now, your passion has been in the service of yourself – to make you feel good, to keep you meaningfully busy, and to grind your way to the depth of the trait. But if you are the only one who finds your passion valuable, then it is vanity. Someone must be willing to attach a value to your efforts. I took on consulting on innovation, creativity and design thinking based on my PhD thesis, to convert knowledge into money. This trinity of passion, mastery and economy is virtuous. Passion frees you from the external whims, mastery makes you above average in the chosen realm, and economy validates your efforts. You then plow the money back into mastery, or maybe start another experiment, because now you have the financial cushion, thanks to your newfound and mastered passion. However, an important note of caution is to never tax your passion to pay your bills. It is critical that as you experiment, you are not bound to cling to the ones that fail. If you feel you are not making any progress with an experiment, you must have the courage to turn. This is only possible when your survival is not anchored to it. Your passion can, and should, change with time. Don’t feel obligated to be consistent with your past self. Finally, take a portfolio approach to passion, each with varying levels of pleasure, mastery and economy. Your passion is exactly what sets you apart when the going gets tough. So keep experimenting. Pavan Soni is the founder of Inflexion Point, an innovation and strategy consultancy. Write to us at [email protected]