Latest Stock Market News

According to a report from Galaxy Digital Research, a New York-based financial services firm, venture capitalists (VCs) have invested more than $10 billion in crypto startups during the first quarter of 2022.

Markets are getting sold on every decent bounce. Furthermore, factors such as subdued Q4 corporate earnings, rising inflation, hawkish central banks, the resurgence of Covid cases in China, and high commodity prices are adding fuel to the fire.

Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 7928.27 Crore) operating in IT Enabled Services sector.

The stock, which has been on a downtrend for the last six sessions, has lost 26.4 per cent from its latest peak of Rs 878.35 on April 28 during this period. The market capitalization of Adani Wilmar has dropped below Rs 85,000 crore. On Friday, the scrip hit the lower circuit of 5 per cent at Rs 646.20.

“We have five different kinds of wars happening now – a trade war, a technology war, a geopolitical influence war, a capital war and a military war. That kind of confluence produces these difficult periods, the last one was 1930 to 1945 and that is what we are in the midst of. ”

Over the years, the metaverse has evolved and now this virtual theme is turned into a reality, thanks to a flood of themed applications based on the blockchain technology. However, the biggest question is can there be a metaverse without cryptocurrency. Market experts have a mixed opinion over it as some believe the cryptos have no mandate, whereas others see it as fuel for the metaverse economy.

Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 354143.04 Crore).

“ Illogic and irrationality is present in the market despite the correction and in that kind of portfolio with that kind of investors. I think the bear market has just begun. There is still more downside over there and so this will be the market of stock pickers. If you are a smart and rational investor, you will be able to build a portfolio of good companies which are going to be available at decent valuations and make money.”

“Logistics is core and essential to the economy and within that, we are a tech enabled play. It is fairly straightforward and so rather than labelling us as a consumer tech business, the right view of Delhivery would be a tech-enabled company serving a very large fragmented quintessential industry within the economy. We are quite different in that sense.”

The spot prices of gold have remained below Rs 51,000 mark for three straight sessions, whereas silver continues to settle below Rs 63,000 in the same period.