Latest Stock Market News

Stablecoins are crucial in cryptocurrency, offering stable value by being pegged to assets like fiat currencies or other cryptocurrencies. Their types include fiat-collateralized, crypto-backed, and algorithmic. Advantages include price stability, enhanced DeFi access, efficient market transitions, regulatory compliance, and increased liquidity. Top examples are USDT, USDC, DAI, and PayPal USD.

Motilal Oswal Financial Services has buy call on Federal Bank with a target price of Rs 230. The current market price of Federal Bank is Rs 192.4.

Shares of recently listed Bajaj Housing Finance fell 4% as the 1-month share lock-in period expired today. About 12.6 crore (126 million) shares, which were previously restricted from sale, are now eligible for trading.

NEAR Protocol (NEAR) is a layer-one blockchain that was designed as a community-run cloud computing platform eliminating some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps with a developer-friendly platform.

A total of 32,231 shares changed hands on the counter till 11:00AM (IST).