The $4 trillion boom lifting equities for a month has been a YOLO feast, complete with spiraling meme stocks and surging options. The result is a market of contrasts, in which a virtually uninterrupted march higher in the major indexes has pushed volume in the day trader flier-of-choice, bullish call contracts, to some of the […]
The pattern, evident in data from S&P Global Market Intelligence, may reflect a tendency by the party that holds the White House to enact—or try to enact—less-market-friendly policies well in advance of the elections midway through each presidential term. Some researchers doubt that this finding is statistically meaningful. Although Congress enacted trillions of dollars in […]
The most popular digital token is up 116% this year so far after hitting a record high of near $67,000 in October. Ether, the coin linked to ethereum blockchain and the second largest crypto, also plunged 1% to $4,555, as per CoinDesk, whereas dogecoin fell 1% to $0.26. The steady stream of news on cryptocurrency […]
The Stock Markets will be closed for two days this week as per the list of stock market holidays 2021 available at the official BSE website — bseindia.com. As Diwali also marks the beginning of the New Year, it is believed that muhurat trading on this day brings n wealth and prosperity throughout the year. […]
Sensex reclaimed the 60,000 level by rallying 831 points or 1.4% to close at 60,138 on Mondau. IndusInd Bank stole the show in the Sensex pack, surging more than 7%, followed by Bharti Airtel, HCL Tech, Tata Steel, Tech Mahindra, Dr Reddy’s and SBI. If the hurdle of 18200 gets broken decisively on the upside, […]
The digital token is up 110% this year so far after hitting a record high of near $67,000 in October. Shiba Inu, that has been on a record rally since the past few sessions, was up over 2% whereas Polkadot surged 14% to $49, as per CoinDesk. …Read the full story
In the economic sphere, the defining feature of the 1990s was the emergence of the ‘net economy’ as technology enabled a whole host of new transactions both globally and within economies. What I will argue is that the frenetic pace of technological change in digital technology and its impact on the services sector has led […]
Stocks across sectors fell, with banks, PSU banks, metal, realty, pharma stocks among the worst hit. Gold rose on Thursday, hovering above the $1,800 mark as softer U.S. Operating performance of its core business aided by operating leverage, leading to a sequential Ebitda margin growth of 30 basis points to 9.2%. With weak demand for […]
It is up 112% this year so far after hitting a record high of near $67,000 in October. Shiba Inu, that has been on a record rally since the past few sessions, was up over 5% to $0.000069, as per CoinDesk. …Read the full story
Life Insurance Corp. LIC’s holding across 281 NSE-listed firms, where it owns more than 1% of the shareholding, declined to 3.69% of the aggregate market value of these companies as of 30 September, according to data from primeinfobase.com. LIC, too, has booked profit to take advantage of strong markets,” an analyst said, requesting anonymity. The […]
“Inflation concerns also appeared to rise over the month, with the governor of the Bank of England stating that the central bank will have to act to control inflation. “This included a $225 million inflow in the week to 11th October, the largest inflow since early May. …Read the full story
ICICI Bank: In terms of valuation, ICICI is trading at discount over large peers such as Kotak and HDFC Bank. Inox Leisure: ILL is well placed to capitalise strong pent-up demand as vast majority of Indians would be vaccinated. …Read the full story
However, owing to the recent fall, many investors are regretting not redeeming their investment during the market high. Now as the Sensex touched 40,509 on 9 October 2020, the NAV for Quant Small Cap was ₹62.05 and for Kotak Small Cap fund, it was ₹88.23. The nature of the market is to rise with few […]
MUMBAI: Indian stock markets are likely to stay under pressure on Friday while trends in SGX Nifty indicate a soft opening of domestic benchmark indices. InterGlobe Aviation Ltd, the operator of India’s top domestic airline IndiGo, plunged to a seventh consecutive quarterly loss as sharply higher fuel costs and fixed expenses outweighed robust growth in […]
IRCTC shot itself in the foot yesterday when it decided to share 50% of the convenience fee it earns with the Indian Railways. The convenience fee is a major money-spinner for the company. Also, what needs to be remembered here is that IRCTC doesn’t have to spend much money to earn this revenue, with most […]
Doesn’t ring a bell? Well, imagine yourself standing at the checkout counter at your local H&M store, and buying a pair of socks or a hat just because the waiting got you bored. The phrase ‘irrational exuberance’ first came into being when former Federal Reserve chairman Alan Greenspan elucidated upon the fact that stocks of […]
In cryptocurrencies, Bitcoin prices today surged above $61,000 after slipping to its lowest level in over a week on Thursday. Ether, the coin linked to ethereum blockchain and the second largest crypto, climbed around 11% to a record high of $4,391. On the other hand, Shiba Inu coin, that has been on a record rally […]
Indian stock markets fell sharply today on the derivative expiry day with Sensex slumping over 1100 points to settle at 59,984 while Nifty dropped nearly 2% to 17,857. “There is some exuberance in terms of valuations in certain pockets of the market. We are in a structural bull market where intermediate corrections will be a […]
Benchmark indices closed in the red for the first time this week on Wednesday. Bajaj Finance, Bajaj Finserv, IndusInd Bank, HUL, Tata Steel and NTPC were among the other laggards. Meanwhile, SGX Nifty indicates a choppy opening for the Indian stock markets on Thursday. “The short term trend of Nifty remains choppy and the attempt […]
In cues from overseas, investors will eye earnings reports of Amazon, Apple, Samsung Electronics, China Vanke, PetroChina. Metal, infra, oil & gas, banks and auto indices ended in the red, while PSU Bank, pharma, IT and realty gained. With the push on growth, C-I has increased to 46.5% from 43.5% QoQ and 38.5% YoY which […]