To understand the future of cryptocurrency in India, Moneycontrol’s M Sriram and Chandra R Srikanth hosted another episode of Crypto and India—The Road Ahead on Twitter Spaces. Gaurav Dahake: There was no clear stance on crypto, many countries didn’t know what was allowed, what was not allowed, if mining was allowed, if trading was allowed. […]
Market update: Sensex is up 293.39 points or 0.56% at 52599.47, and the Nifty added 71.40 points or 0.46% at 15758.40. Good support lies at 15,400 and as long as that holds on a closing basis, we are in bullish territory and traders should utilize drops or corrections to add long positions to their trading […]
Cryptocurrency prices of most of the coins continue to be in the red on June 24. The shares have been range bound around $220 levels since June 21, when it slumped by 49 percent from its all-time high of $430 at listing in April. …Read the full story
The volume of all stable coins is now $120.20 billion, which is 80.71 percent of the total crypto market 24-hour volume. China’s central bank said on Monday it had recently summoned some banks and payment firms, including China Construction Bank and Alipay, urging them to crack down harder on cryptocurrency trading. The situation in China […]
Tapan Patel- Senior Analyst , HDFC Securities: Crude oil prices traded lower with benchmark NYMEX WTI crude oil prices were trading 0.58% up at $73.27 per barrel for the day. Crude oil prices are expected to trade sideways to up for the day with resistance at $74 and support at $72 per barrel. …Read the […]
According to pivot charts, the key support levels for the Nifty are placed at 15,718, followed by 15,663.2. Housing sales in the top 7 cities increased by 29% and new launches by 51% during this quarter against the corresponding period in 2020. Mid-segment housing saw the maximum new launches in the quarter with a 43% […]
The world’s largest crypto currency was last up 4.58% at 33,000, having dropped more than 10% on Monday. Going ahead, it would be crucial to see the follow up moves in both Nifty as well as Bank Nifty in the next couple of sessions which could lead to the short term direction. However, the decline […]
“The ongoing bull market compares well with history. India has outperformed emerging markets in each of the previous five bull markets with an average outperformance of 52 percent versus 23 percent for this bull market, Morgan Stanley said. “Given depressed earnings, P/B is a better metric than P/E for comparisons, in our view. “If we […]
The crypto coin was trading lower by 4% at $32,715.28 at 19:48 IST Monday, according to cryptocurrency trading website coindesk.com. While the lagging crossover indicator alerted traders that bitcoins are solidifying their uptrend and are most likely to experience a continuation, it resulted in lower prices. Reports suggest that the technical sell signal in the cryptocurrency kicked in […]
Nifty fell 0.7 percent in the week ended June 18, snapping its winning streak of the last four consecutive weeks. …Read the full story
On the Multi-Commodity Exchange , August gold contracts were trading higher by 0.42 percent at Rs 46,925 for 10 grams at 0930 hours. Gold August futures contract settled at $1,764.30 per troy ounce, and Silver July futures contract settled at $25.83 per troy ounce. “We expect the dollar index could show further strength and keep […]
With vaccination exercise picking pace and immunity growing, I don’t think there is going to be the third wave. We went through an NPA cycle and we went through a lot of changes such as Jan-Dhan, IBC, RERA, reforms in mining, labour and farm laws. …Read the full story
The volume of all stable coins is now $64.06 billion – 79.44 percent of the total crypto market 24-hour volume. A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in Congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. According to the regional publication 8btc news, the […]
The Fed’s latest statement, though only mildly hawkish, appears to be impacting global stock markets more seriously than thought earlier. If there is a sharp correction in the market, the mid-small caps are likely to be impacted more. Anand Rathi on TTK Prestige: We maintain our buy recommendation on the stock with an unchanged target […]
The volume of all stable coins is now $64.06 billion – 79.44 percent of the total crypto market 24-hour volume. A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in Congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. According to the regional publication 8btc news, the […]
