Crypto Talk | Aim to become the largest crypto asset manager in next 5 years: Edul Patel, Mudrex
A surge in crude oil prices can contribute to inflationary pressures, prompting some investors to explore alternative assets like Bitcoin to preserve value. Conversely, the Federal Reserve’s decisions to raise interest rates can influence risk preferences and potentially induce certain investors to shift away from riskier assets, including cryptocurrencies.
China’s worst capital outflow in years spells more Yuan pressure
That was the case in the aftermath of a shock currency devaluation in 2015 and during China’s trade war with the US under the Trump administration, when Beijing needed to tighten capital curbs and boost the yuan’s funding cost in Hong Kong. While authorities have also taken various steps to stem the currency’s weakness this […]
Top 10 Ganesh Chaturthi picks for Dalal Street to add more colour to festive mood
The broader outlook clearly validates the support of 200-SMA, presently set at Rs 145-mark. The consolidation breakout from the range of Rs 200-155 in early August has elicited a bullish outlook for the coming months. Also, the positive crossover of 100-SMA with 50-SMA further negates any major drawdown.
ETMarkets Smart Talk- Nifty@20K – Rising crude prices, dollar index and high valuations could spoil bull’s party: Divam Sharma
The market is currently on a high, and everyone can see this. An increase in allocation from DII’s, FII’s, and retail investors has taken the valuations up. This rapid climb suggests that a bit of a healthy correction might be good for balance.
BlackRock strategists downgrade China stocks on growth concerns
Chinese stocks are among the world’s worst performers this year, with the Hang Seng China Enterprises Index having fallen more than 20% from a January high. The country’s economy is struggling with default risks in the property market and a sluggish recovery in domestic consumption.
Long-term investors may review Sai Silks after IPO
The company’s performance was adversely impacted during FY21, the year of the pandemic. Its revenues rose from ₹677 crore in FY21 to ₹1,351 crore in FY23, while net profit grew even more sharply – rising from ₹5 crore in FY21 to ₹97.6 crore in FY23.
Auto companies up, but investors must be cautious: Analysts
Mahindra & Mahindra surged by 2.52%. TVS Motor, Hero Moto Corp, and Tata Motors moved up by about 1% on Monday. The festive season, which starts in the second half of September, is expected to drive demand across segments within the auto industry, said analysts.
Brent’s rise leaves a crude impact on user companies & shares
OMC shares will remain subdued, and the underperformance will continue. “ONGC, GAIL and Gujarat Gas are some stocks that can withstand the pressure from rising crude prices,” said Bhushan.
Is the stock market closed for Ganesh Chaturthi today?
In the entire calendar year, the markets have 15 annual holidays in 2023, two more than last year.
I-banks see 36% rise in IPO fee income in H1 as listings surge
So far this fiscal, 19 companies have raised ₹17,419.7 crore through IPOs, as per data available with the Securities and Exchange Board of India (Sebi).