Latest Stock Market News

I studied at a Tamil-medium corporation school where I used to get 90-95 per cent marks in mathematics, but I was borderline pass in all other subjects. I went on to do MSc in mathematics. In the 80s, unemployment was very high in south India

On Friday, the stock ended 5.71 per cent lower at Rs 9.09 over its previous day’s closing price of Rs 9.64 a piece. The stock has jumped nearly 194 per cent in the last three years, while it has surged about 43 per cent in the past year.

XRP witnessed a mega rally due to the positive news around the ripple lawsuit and jumped by 30 per cent during the week. The third consecutive rate hike announced by the US Federal Reserve will have a significant impact on the crypto market in the coming weeks.

Investors’ confidence has taken a back seat as Bitcoin’s price has plummeted substantially since the beginning of the year, and investors are worried about their future returns. However, it should be noted that such high volatility is not foreign to this asset class, as similar cycles of bull and bear in the market have been witnessed historically. Still, crypto has eventually emerged to outperform any other asset class.

Gold started losing its glitter since central banks started hiking rates. Central banks across the globe had reduced rates earlier to support economic activities, which were adversely affected during the pandemic. But now, many central banks are on the path of hiking rates to fight against higher inflation.

​The INR fell to a new record low of 81 per USD as FIIs began selling. The extended hawkish monetary policy is bound to further slow down the global growth engine. India is in a better position with a decoupled economy with a pickup in credit growth and tax collection, Nair added.

For both direct equity investors and derivatives traders, it is a common practice to book profits consistently and keep the received capital in a savings bank account at marginal interest rates or hold it in the broker’s margin account, which does not offer any returns.

Indication of further rate hike by the US Federal Reserve, fears of a recession, depreciating rupee and continued tensions in Russia and Ukraine will affect FPI flows, Basant Maheshwari, smallcase manager and Co-founder, Basant Maheshwari Wealth Advisers LLP, said.

Signs of extraordinary times were everywhere. The Federal Reserve delivered its third straight seventy-five basis point rate hike while Japan intervened to shore up the yen for the first time since 1998. The British pound slid to a fresh 37-year

“In the market there are bears along with bulls; there are people who go short as well. Bears should also get time to celebrate and make money. Coming back, it is more of a factor that the global sell off has come in after the US Fed decision. The RBI’s credit policy is next week and hopefully, the interest rate hike should be on the expected lines, says Kunj Bansal.”