Will RBI’s Rs 2,000 note withdrawal impact D-Street traders? Here’s expert view
The withdrawal of the INR2,000 currency notes is not expected to affect India’s economy, according to analysts. The Reserve Bank of India has decided to stop the circulation of the denomination notes by the end of September, but stressed they will still be legally valid tender. As the cumulative value of the notes in circulation […]
Dalal Street Week Ahead: Steep up move unlikely until Nifty crosses 18,350-18,500 zone
The Indian equities ended the week on a negative note, diverging slightly from global markets. The trading range widened as Nifty oscillated in a 398-point range, facing resistance in the 18,350-18,500 zone, whereby no runaway rally can be expected unless this zone is taken out. Derivative data shows next week will be influenced by expiry […]
How rule-based strategies can help you from FOMO, revenge trading
Rule-based trading is a mechanism that enables traders to overcome behavioural biases and emotional inclinations. It involves setting a written set of rules from start to end, which define which stocks to enter, when to enter, how much money to place, and when to exit. Once these rules are defined, the trader only has to […]
Rs 2000 note withdrawal will not affect common man: Ex-CEA Krishnamurthy Subramanian
Former Chief Economic Advisor Krishnamurthy Subramanian believes that the Reserve Bank of India’s withdrawal of the Rs 2,000 note “will not affect the common man of the society.” The former CEA claims that the cash in circulation of the 2000 notes is only 10% and that most common people opt for digital transactions. Digital money […]
As benchmarks take a breather, 47 smallcap stocks offer double-digit weekly returns
Several smallcap stocks in India have offered double-digit weekly returns amidst weak global cues. Repro India has offered the highest returns at nearly 45%, followed by Aurionpro Solution and Shakti Pumps. The midcap segment has not witnessed any stock rising in double digits, but Ramco Cements led the segment with 9.66% gains. Despite the lack […]
Withdrawal of Rs 2,000 note a non-event, will have no impact on economy: ex-finance secretary
Former finance secretary, Subhash Chandra Garg, stated that the RBI’s move to withdraw Rs 2,000 currency notes from circulation will not affect the operation of India’s economic or financial systems. The Reserve Bank of India has given the public until September 30 to either deposit such notes in accounts or exchange them at banks.
Bitcoin’s correlation to Big Tech near lowest since 2021
Bitcoin and tech stocks have diverged in their performance this week, with Bitcoin remaining below the $27,000 level while the tech-heavy Nasdaq 100 climbed 3.5%. The correlation coefficient of Bitcoin and tech gauge dropped to 0.19 on Friday, the lowest since April 25, as they have been decoupled since the start of the year due […]
Mind Over Money: 3 things that keep the MD of Rs 5,600 crore logistics company mentally fit
Chander Agarwal, Managing Director of TCI Express, believes that service to society, meditation, and gym workouts keep him mentally fit. Agarwal is actively involved in TCI Express Foundation, which is the social arm of the company committed to empowering disadvantaged communities. He has gained a deeper understanding of the challenges faced by the underprivileged through […]
Wall St Week Ahead: Artificial intelligence gives real boost to U.S. stock market
Artificial intelligence (AI) is boosting the US stock market, with megacap stocks such as Microsoft, Google parent Alphabet, Nvidia, Apple and Meta platforms responsible for the majority of the S&P 500’s 9% year-to-date return. About 25% to 50% of the gains are due to optimism around AI, according to DataTrek Research. Societe Generale has predicted […]
Investors still pouring into cash, but pace slows: BofA
Investors are showing greater confidence in the market, causing them to slow down inflows into cash funds, according to a BofA report. A total of $25.1bn went into cash in the past week, but only $151bn has gone into money market funds in the past four weeks compared to $404bn after the collapse of Silicon […]