Latest Stock Market News

Gold has been directionless as support from geopolitical risks, inflation concerns and global growth worries is countered by Fed’s monetary tightening outlook which has pushed the US dollar and bond yields higher. Market players are now gearing for the next big event which is the US Fed’s monetary policy decision in the first week of May.

Putting money in the market is one thing but COVID forced almost everyone, be it investors or just normal human beings -- who have nothing to do with investment -- to think that there is something more powerful than making or managing money.

"You can make investing as simple or as complicated as you want to. I favour simplicity and have always tried to make it as easy as possible," he wrote in his book The DIY Investor. According to Bell, there is no magic formula for investment success and the path to investment success varies depending on individual goals.

Non-fungible tokens (NFTs) are a type of digital asset that has exploded in popularity recently, with NFT artworks selling for millions of dollars. NFTs exist on a blockchain, a record of transactions kept on networked computers.

Bitcoin, the largest crypto by market value, fell 2.43 per cent in the last 24 hours to $38,607.36. It is down 2.3 per cent in the last seven sessions. Ethereum tanked 3.5 per cent to $2,817.94. The second-largest cryptocurrency by market value has fallen 4 per cent in the last one week.

Analysts said a further decline in the special mention account (SMA) book would be a key thing to watch for in the quarter. They believe that an eye on the progress of ARC, the vehicle that the bank would use to clear out its outstanding stock of non-performing loans (NPLs), would also be noteworthy.

Shares of the e-commerce company were down 14% on Friday after it reported a quarterly loss and the slowest sales growth since 2001. Bezos’s net worth fell to $148.4 billion, according to the Bloomberg Billionaires Index, from a peak this year of more than $210 billion.

The worst fall was seen in TV18 Broadcast, which lost 25 per cent or a fourth of its value last week, to Rs 53.70 apiece. Bodhi Tree Systems is set to raise and invest Rs 13,500 crore in Viacom18, a 51:49 joint venture between Reliance Industries-owned TV18 and Paramount Global.

Many investors now deem NFTs as legitimate investments. But much of the NFT market lacks structure.

The BSE Bankex gained 9.5% in the past one year compared to a 15.8% rally in the Sensex. The underperformance of banks has been on account of a lack of growth and rich valuations, especially retail lenders.