Latest Stock Market News

Bitcoin s market cap fell to $1.903 trillion, with its dominance now at 59.93%. During the same period, BTC volume surged 59% to $27.29 billion. Stablecoins made up $86.43 billion of this volume, or 91.66%, according to CoinMarketCap.

​I do not think the entire universe has corrected enough. There is a lot of froth still remaining in terms of valuations.But if you are a good stock picker, that is the market going forward. The percentage of companies beating the BSE 500 or equal weighted BSE 500 index beating the normal BSE 500, the weighted average index, used to be way higher, above 50% and that cannot continue for long.

Sunil Subramaniam highlights the appeal of the US market due to high interest rates and a strong dollar. FIIs are booking profits in India, driven by attractive US opportunities and periodic profit-taking. Market corrections and global uncertainties persist, but a resolution in the Russia-Ukraine conflict could trigger a rally and benefit India significantly.

The Nifty Auto index was trading 1.04 per cent down at 21723.5.

Indian Continent Investment Ltd sold a 0.84% stake in Bharti Airtel through a market transaction, raising Rs 8,485.11 crore. Bharti Telecom Ltd acquired a significant portion of these shares, boosting its holding to 40.47%. The deal attracted global and domestic investors like GQG Partners, Fidelity, and ICICI Pru.

This suggests that traders are anticipating further price declines and are establishing short positions.

​There are only two companies which really did really well across when that space did nothing, even in the agrochemical space PI Industries kind of a company did so well.

Hexaware Technologies shares: The GMP, reflecting unofficial trading activity before the listing, is commonly used as an indicator of investor sentiment. A higher GMP indicates strong demand for the stock, while a lower or zero premium suggests cautious interest.

An Argentine judge will investigate fraud allegations against President Javier Milei, who promoted the $LIBRA cryptocurrency before its value crashed. Milei asserts he acted in good faith and withdrew his support upon learning more about the coin. The project led to significant financial losses for investors.