Latest Stock Market News

Bitcoin has plunged roughly 20% from a record high since Trump’s January inauguration, as his combative stance against allies and geopolitical rivals alike shakes investor confidence, and concerns about elevated inflation linger. The crypto sector was also shook by a record hack of the Bybit exchange last week.

China s securities regulator is tightening control over U.S. listings of small homegrown companies, citing concerns over market manipulation and significant losses for U.S. investors, following reports of price-rigging practices.

The MFI sector appears to have experienced its worst downturn and may bottom out soon, while Jubilant FoodWorks shows strong growth potential. Hemang Jani suggests that diversified investment across geographies could be beneficial, with InterGlobe standing out in the aviation sector despite current valuations.

Bitcoin s market capitalization dropped to $1.679 trillion, with its dominance at 59.73%. Its 24-hour trading volume fell by 15.85% to $67.18 billion, with stablecoins making up $146.59 billion, or 95.08%, of the total volume, according to CoinMarketCap.

The Nifty Bank index was trading 0.61 per cent up at 48902.95.

January and February have seen a sharp correction in both the schemes in line with the broader markets. While the indices may not have fallen as much, our schemes do not index hug and invest in the broader market and consequently have corrected more than the headline indices

Dhananjay Sinha of Systematix Group believes the premiumisation trend in the auto sector has peaked due to higher average selling prices and increased credit inflow. He predicts a slowdown in demand for premium vehicles, but sees potential in two-wheelers like Bajaj Auto and Maruti due to income effects from tax breaks and future Pay Commission benefits.

The Indian market is expected to open higher on Thursday following positive global trends. Analysts recommend a broader trading range for Nifty between 22,000 and 23,000 zones while suggesting stock buys for companies like Colgate Palmolive, Bharti Airtel, and Ashok Leyland.