About 39% of Millennials Own Crypto, Reveals Research

June 29, 2022 8:10 pm

According to a report, nearly 39 percent of millennials own cryptocurrencies, which is higher than the percentage of those who own mutual funds and roughly equal to the number of millennials who own individual stocks. In the study conducted by the investment firm Alto, millennials between the ages of 25 and 40 who own cryptocurrencies […]

Rupee Hits New Low; Close at 79.03 Against US Dollar

June 29, 2022 6:56 pm

The rupee fell to a new low against the US dollar on Wednesday, as domestic stock markets fell and foreign investors continued to sell Indian equities. The Rupee depreciated 18 paise to close at a record low of 79.03 against the US dollar, at 79.03/$1 on Wednesday. During the Session, the rupee touched an all-time […]

To The Moon And Back, This Crypto Fall Comes With A Lesson

June 17, 2022 9:34 am

The cryptocurrency sell-off has gotten so bad in recent weeks that simply referring to it as a “crash” no longer suffices. Instead, as Binance CEO Changpeng Zhao tweeted early Wednesday morning, “it’s a bloodbath out there.” The total market cap of all cryptocurrencies has fallen by more than $2 trillion since the peak last fall, […]

NSE IFSC To Allow Indian Investors To Invest In These Eight US Giants From March 3

March 2, 2022 8:43 am

The Indian investors will now be able to trade and invest in eight leading US companies directly from NSE IFSC (NSE International Exchange) from March 3, stated the NSE IFSC circular.   This comes as a result of the fact that Indian investors have been steadily increasing their investments in US companies for the last […]

Amid Russia-Ukraine Tension, Gujarat Based Companies Go Down

February 23, 2022 12:19 pm

The escalating tension between Ukraine and Russia has made the market take a beating. On Tuesday, the domestic equity market benchmark BSE Sensex ended in the red for the fifth straight session at 57,300.68. Due to this, in just five sessions, the market capitalization of five out of ten Gujarat based companies fell by Rs […]

All You Need To Know About Adani Wilmar IPO

January 27, 2022 6:59 pm

Adani Wilmar’s IPO opened on Thursday for a subscription. The company is offering shares in the price range of Rs 218 to 230. Important to note here is that Adani Wilmar is a Joint Venture between Adani Group led by billionaire Gautam Adani and the Wilmar group of Singapore. The Joint venture was formed in […]

Market Update: Sensex Sheds 1% : Nifty Ends Below 17,200

January 27, 2022 6:39 pm

Sensex on Thursday sheds around 1% and ends the day at 57,276.94, down around 581 points. Nifty on the other hand ends below 17,200 points. Volatility in the market was visible after the US Federal reserves indication to raise interest rates from March and foreign funds outflow from the market was another reason.  The market […]

After Two Days Of Slump Market Recovers 500 points

December 21, 2021 6:54 pm

After two days, which saw the market lose Rs. 9.21 lakh crore, investors on Tuesday were relieved as it recovered around 500 points. Yesterday, on BSE as many as 2699 stocks were in red, record 540 stocks were seen hitting the lower circuit and 90 stocks touched 52 week low. Today, the  market witnessed 2281 […]

Gujarat Fluoro Loses 13% In Two Days After Fire At Panchmahal Factory

December 18, 2021 12:51 pm

Gujarat Fluorochemicals Limited (GFL) closed 4% lower on Friday after a chemical explosion at its factory in Panchamahal killed five workers and injured more than 15 on Thursday. This comes after the stock ended 9% lower yesterday. In two days the stock has lost around 13%. The company informed the market regulator about the fire […]

19% Dent In Car Sales In November Amid Chip Shortage: SIAM

December 11, 2021 4:45 pm

Monthly report by auto industry body SIAM indicates that chip shortage has made a huge dent in the sales in the auto industry. Two Wheeler Sales- Important to note here is that Two Wheeler sales hasn’t get going after the new emission standard BS-6 came in to force. New emission standard has impacted the two […]

India’s Largest IPO Disappoints Investors, Paytm Shares Open 9 Per Cent Low At Rs 1,995

November 18, 2021 12:53 pm

Debuting on the stock exchange, the shares of One97 Communications – the parent company of digital mobile payment platform Paytm – opened disappointingly at Rs 1,995 on BSE and NSE against its issue price of Rs 2,150. The price at which the shares were listed is 9 per cent lower than the price offered in […]

Indian Wearables Market Grow At 93.8 Per Cent In Third Quarter of 2021

November 17, 2021 7:25 pm

In a record quarter growth, India’s wearables market has grown by 93.8 per cent year-on-year (YoY) for the July-September quarter, according to a report. The wearables market in India which consists of smartwatches, wristbands and earbuds, shipped 23.8 million units in the third quarter, with just September reporting over 10 million shipments – growing double […]

Asian stock market trading up on US inflation

August 12, 2021 8:15 am

The stock market across Asia are trading higher on Thursday on the back of a rally in the American market. The US dollar was down on falling inflation. It also lifted Asian currencies. The market is moving upwards on cooling inflation in the US and the $3.5 trillion budget plan of president Biden getting the […]

Indian shares recover from the lows of the day

August 11, 2021 5:47 pm

After a sharp profit booking and touching the low point of the day, the market managed to bounce back on widespread buying on Wednesday. Despite marginal losses from the previous close, investors wealth continued to erode for the sixth day in a row. Today, total market capitalisation declined by Rs7,471 crore The Sensex was down […]

Sensex, Nifty scales new highs, wealth erosion continues in the broader market

August 10, 2021 5:32 pm

On Tuesday, the Nifty and the Sensex advanced, however, the broader market continued to decline in the Indian stock market. The trading was volatile and a few large-cap stocks from information technology, financial services and banking supported the market. The biggest losses were registered in PSU banking as well as metals. The overall texture of […]

Indian shares may open with a downward bias

August 10, 2021 8:47 am

Indian share markets are likely to open with downward bias on weak global cues. Huge profit-booking by mutual funds on Monday is also going to weigh on the market sentiments. The stock market in the US closed mildly down on concerns surrounding earlier than expected rate hikes. Similar sentiments, coupled with the spread of delta […]

Inflow in equity mutual fund schemes increases three-fold in July

August 9, 2021 4:56 pm

Buoyed by the investors’ interest in new fund offers, the total inflow in the equity mutual fund schemes jumped three-fold in July. As per the Association of Mutual Funds of India (AMFI), monthly data release new flow in equity scheme increase from Rs5,988 crore in June to Rs22.583 crore. However, four new funds from major […]

Indian shares are likely to open weak

August 9, 2021 8:26 am

Indian shares are likely to open weak on global cues. The stock markets in Asia are trading weak on the rising value of the dollar against the major currency and a sharp fall in gold prices that triggered margin calls. The Nifty futures closed at 16,267 on Friday while the SGX Nifty Futures (the index […]

Dollar Moves Up, stocks, gold, crude down in Asia

August 9, 2021 8:04 am

After a better than expected jobs report, the US market had closed with gains. However, in Asian trading, today stronger American currency has resulted in deep cuts in equities, gold and crude oil. Market participants believe that this indication of recovery would force the Federal Reserve to tighten earlier than envisaged. The stock market in […]

On a news heavy day, Indian markets to trade with caution

August 6, 2021 8:31 am

The stock market in India is likely to trade with caution in the first hour of trade as series of events are likely to impact the investors’ sentiments. The Reserve Bank of India, after three days of the meeting, will announce its assessment of the economy and monetary policy. The Supreme Court will pronounce its […]