Tag: Moneycontrol.com

The Sensex gained 21.12 points to close at 52,344.45, while the Nifty50 declined eight points to 15,683.40 and formed a Hammer pattern on the daily chart. This candle pattern seems to be a Hammer or a Hanging Man type formation but they are wrongly placed to assert any predictive value. Hence, the Nifty sustaining above […]

The space is being watched keenly as it has significant growth potential, with efforts being made to meet the demand of a growing population and increasing urbanisation as well as industrialisation. India’s energy sector will also have a huge influence on global trends, including the prospects of a successful response to climate change concerns. Conventional […]

Sentiments got a hit after the US Fed unexpectedly signaled two possible hikes in 2023. As a result, companies’ performances are likely to be less impacted. A) The US Fed decision of possible rate hikes weighed on investors’ sentiments. The RSI indicator is also indicating an upside direction, which indicates a further north side move […]

BSE Sensex fell 130.31 points to 52,344.45, and Nifty50 declined 116 points to 15,683.35 amid selling in metals, auto, banking & financials, infrastructure, energy and pharma stock. “Markets are expected to witness some profit booking to a broad rangebound correction as news toggle between vaccinations and the new delta variant causing the third wave. As […]

China’s crackdown on cryptocurrency mining has extended to the southwest province of Sichuan, where authorities ordered cryptocurrency mining projects closed in the major mining centre, Reuters has reported. New York-based Galaxy Digital, founded by Mike Novogratz, works with over 300 institutional trading counterparties.Galaxy co-president Damien Vanderwilt told CNBC that this is the first time that Goldman […]

Shops in malls, except for cinema halls, theatres, multiplexes, entertainment zones allowed to be open between 7 am to 3 pm. Passengers must have received a negative test result for a PCR test taken within 48 hours before departure; UAE citizens are exempted3. The traders have taken the court’s concern very seriously because the markets […]

A common behaviour observed in many traders is that each move tends to make them believe that it is a long-term top or a long-term bottom but in a real world scenario, the market will not move vertically up or down. When the market starts correcting, it would be important to check if the correction […]

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“When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries. It is worth noting that Burry had taken a bullish stance on video-game retailer GameStop in 2019, a stock that saw a sharp rally driven by retail investors in January 2021. In May, Burry’s Scion Asset Management reported a […]

Kulkarni has more than 15 years of experience in the financial services industry and specialises in fixed income markets, intermediation, origination, and distribution. In an interview with Moneycontrol’s Kshitij Anand, Kulkarni said that in the near term IT, Pharma, and FMCG will do well. A) On a very choppy Friday trading session, the markets staged a […]

Bitcoin, the world’s largest cryptocurrency, dropped as much as 7 percent to $35,431.15 at 8.02 pm GMT on June 18, Reuters reported. The organization said it was the first national party committee to take contributions via cryptocurrencies like Bitcoin, which it said would help it support Republican candidates in next year’s midterm elections. Cryptocurrency exchange WazirX, […]

Abhishek Chinchalkar, CMT Charterholder and Head of Education, FYERS: After opening the session on a positive note, Indian markets pared all the opening gains and came under strong selling pressure. The USDINR spot is at an inflection point, though optimism over Fed rate hikes is keeping the USDINR afloat, the price activity suggest that revaluation of […]

The global cryptocurrency market cap is $1.57 trillion, a 2.39 percent fall over the last day, while the total crypto market volume over the last 24 hours was $78.55 billion, a 11.89 percent decline. However, this barely compensated for the steep fall in price triggered by last month’s announcement from electric carmaker Tesla that it […]