“We can expect further correction in the near-term,” he says. At least in the near-term, the possibility to break below 17,000 is low, however, a lot will depend on the Federal Reserve medium-term stance on QE . We have been suggesting caution for some time due to the over-appreciation and have been advising to transform […]
The rally has been driven by strong liquidity, healthy corporate earnings and upbeat commentaries, falling Covid-19 cases leading to opening up of economies. The broader markets have also staged a smart comeback with Nifty Midcap 100/Nifty Smallcap 100 gaining 46 percent/52 percent, respectively, in CY21. The IMF has projected India’s GDP to grow at 9.5 […]
Further, the total volume in DeFi is currently $13.32 billion, 10.58 percent of the total crypto market 24-hour volume. Ether, the world’s second largest cryptocurrency, hit a all-time high on Friday, a little over a week after larger rival bitcoin set its own record. Also, South Korean juggernaut ‘Squid Game’ now has its own brand of […]
Such fright that comes into our minds every time we go into a few percentage points pull back after a big move can be combated with the help of few handy alterations. …Read the full story
Bitcoin’s price is currently Rs 4,858,000 lakh, as per WazixX and it is down by 0.08 percent over the previous day. The token, which underpins the ethereum blockchain network, rose as much as 2.6% to $4,400 in Asian hours, breaching the previous top of $4,380 set May 12. South Korean juggernaut ‘Squid Game’ now has […]
The global cryptocurrency market cap is $2.63 trillion, a 6.38 percent increase over the last day, while the total crypto market volume over the last 24 hours is $176.89 billion, which makes a 4.44 percent decrease. The price of Dogecoin touched $0.3298, the highest since August, and has now reclaimed its rank at eighth from […]
The roller coaster ride led to a sharp rise in option IVs i.e the value of OTM options, therefore, option writers and arbitragers are looking at it as a golden opportunity as uncertainty is out of the window for time being. The update comes after Tuhin Kanta Pandey, Secretary at the Department of Investment and […]
Bears reappeared on Dalal Street as the market slumped in afternoon trade, with the benchmark indices falling below crucial levels on October 28, the day monthly futures and options contracts expired. “Expiry day witnessed all-round profit booking ranging from retail facing lenders to FMCG and across metal names. A mixed bag when it comes to […]
According to pivot charts, the key support levels for the Nifty are placed at 17,707.5, followed by 17,557.8. In a circular, the Securities and Exchange Board of India said it has tweaked the guidelines pertaining to ‘access person’ and ‘cooling off’ period of such a person in respect of investments made by them in securities […]
With most corporates planning to get employees back in office, renewals for office space is gaining pace after two waves of the COVID-19 pandemic. The BFSI sector leasing increased, with the thrust from Bengaluru, Chennai and Mumbai. The report observed that while leasing has declined from April 2020, NCR and Bengaluru emerged as the most […]
In an earnings report filed by the company for the quarter ending September, it said it might restart the practice of accepting cryptocurrencies for its products and services. Musk earlier tweeted that Tesla had bought $1.5 billion worth of Bitcoin. However, nearly two months after the announcement the company suspended the use of bitcoin to […]
Cryptocurrency prices are mostly in the red on October 27. McWilliams’ comments provide the fullest picture yet of what regulators are exploring as part of a cryptocurrency “sprint” team first announced in May. The rapid emergence of cryptocurrency has led to a murky regulatory picture in the United States. …Read the full story
We revise target multiple to 7.2x from 6.3x earlier on the back of improving operating performance and digital scale up. Asian Paints increased by 10 percent prices across product portfolio except for enamels ; blended price increase at the portfolio level is 8-9 percent, Kotak Institutional Equities said in a report citing dealer interactions. As […]
However, sharp upside was capped on positive global markets and decline in US treasury yields, said ICICI Direct. Two, FIIs are continuously selling in the market; they have sold Rs 10300 crore worth equity in the last 5 days in the cash market. The run up in many micro-caps and penny stocks has been totally […]
USDINR spot closed 18 paise higher at 75.08, on the back of rising oil prices and demand for dollar from PSUs. However, a sharp surge in the select banking majors, thanks to encouraging earnings by the ICICI Bank, not only capped the downside but also helped the index to pare the losses. We expect the […]
The global crypto market cap is $ 2.56 trillion, a 0.31 percent increase over the last day.While the total cryptocurrency market volume over the last 24 hours is $98.24 billion, which makes a 23.49 percent increase. Meme cryptocurrency Shib Inu , in India, Shiba Inu tops the WazirX exchange in terms of volume with Tether, […]
While the total cryptocurrency market volume over the last 24 hours is $98.24 billion, which makes a 23.49 percent increase. That’s still slightly less than half that of the biggest cryptocurrency, bitcoin; but many are speculating over whether it is poised to take over the top spot. And in the US, retail giant Walmart said […]
Last week, pressure was seen in the dollar index, leading to a rise in prices of gold and silver and this trend is likely to continue this week as well. “In MCX, gold has resistance at Rs 48,500 and above that it may test the levels of Rs 49,000 whereas support can be seen at Rs 47,200. […]
