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Hong Kong and India are taking different routes towards developing their crypto ecosystems. Hong Kong has established a set of comprehensive regulations for the crypto industry and has made it easier for retail investors to engage in digital assets, which has attracted international crypto businesses. India, on the other hand, has seen a thriving crypto ecosystem from 2020 until early 2022, but government-imposed taxes and regulations have caused setbacks. While both countries have implemented anti-money laundering laws and mandatory KYC norms for crypto users, they have different approaches towards engaging the youth population and building crypto infrastructure.

ETMarkets has identified six Indian companies that have recently experienced a bullish MACD crossover, as identified by its advanced screener. A bullish crossover is when the MACD line, which is the 12-day exponential moving average of the stock price minus the 26-day exponential moving average, crosses above the signal line, being the nine-day exponential moving average of the MACD line. The companies are DCM Shriram, ICICI Securities, Natco Pharma, Harsha Engineers International, Shanthi Gears and Bharti Airtel. Investors seeking opportunities in the stock market can use the technical indicator to assess potential future price appreciation.

Gold falls Rs 370; silver plunges Rs 550

Updated at : 2023-06-23 18:25:01

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Gold edged lower on Friday, with spot gold prices in the Delhi markets trading at Rs 59,180/10 gram down by Rs 370 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.In the international markets, both gold and silver were down at USD 1,916 per ounce and USD 22.30 per ounce, respectively.

Stock market update: Nifty Realty index falls 0.62%

Updated at : 2023-06-23 18:25:01

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The Nifty Realty index closed 0.62 per cent down at 506.9.

ETMarkets has identified seven Indian stocks with a market cap above INR 1,000 crores that have witnessed a Golden Crossover, suggesting an uptrend trend. Parag Milk Foods, Garware Hi-Tech Films, Pidilite Industries, Time Technoplast, Supreme Petrochem, Keystone Realtors, and Nazara Technologies are the companies identified. While each company operates in different industries, they all have strong market positions and growth potential. These technical indicators, coupled with positive 1D returns, make these stocks an intriguing prospect for investors.

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ETMarkets has identified 9 stocks with an RSI above 75, indicating overbought conditions. With a market cap over Rs 10,000 crore, these companies warrant a closer look. Find out more about their businesses and potential investment implications

Come to 2019, 2020, we saw a lot of online platforms bringing up and offering fixed income products, structured and packaged in various manners. And they exponentially grew from 2019 to 2022. In November 2022, SEBI came out with the OBPP guidelines for the platforms who were offering corporate bonds listed or to be listed, to be regulated.

What exactly is an annuity plan? Naval Goel explains

Updated at : 2023-06-23 17:35:02

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It is a very simple product usually used for retirements. What happens in annuities, you pay a certain amount to the insurance companies and they in turn promise to pay you a monthly or an annual income or a quarterly income.

Indian equity indices closed lower for the second consecutive session due to negative cues from global markets and higher-than-expected interest rate hikes in Britain. Adani Group and Eros International Media were the top losers. Hawkish central bank policies have soured risk appetite and resulted in the decrease of market capitalization by Rs 2.78 lakh crore to Rs 289.47 lakh crore.

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