Bitcoin surged to a new record high after Donald Trump’s election victory, fueled by hopes of a crypto-friendly administration. Options traders are placing large bets on Bitcoin reaching $100,000 by the year’s end, with significant open interest in call options.
Posts in category Economic Times
Sensex rises! These stocks are up over 10% on BSE (12-11-2024)
In the Nifty 50 index, 25 stocks were trading in the green, while 25 stocks were trading in the red.
Bitcoin hedge funds’ just-about-risk-free trade is roaring back (12-11-2024)
Bitcoin’s rally fuels hedge fund profits as institutional demand spikes, with futures prices nearing $85,000 and a growing bet on $100,000 by year-end. Leverage and margin trades intensify.
Share price of HDFC AMC as Sensex gains 169.71 points (12-11-2024)
A total of 1,662 shares changed hands on the counter till 10:18AM (IST)
Sensex rises! But these stocks are down 5% or more on BSE (12-11-2024)
In the Nifty pack, 25 stocks were trading in the green, while 25 stocks were trading in the red.
Bitcoin nears $90,000 as crypto market exceeds pandemic-era peak (12-11-2024)
Bitcoin surged past $89,000 amid speculation of favorable crypto regulations under President-elect Trump, driving the market value to $3.1 trillion. Analysts warn of a potential retracement after the rally.
Is excessive FII outflow the cause or the effect of Rupee depreciation? Arnab Das answers (12-11-2024)
Arnab Das, Global Macro Strategist at Invesco, believes that India is in a favorable position despite recent rupee depreciation and foreign fund outflows. He argues that the situation is primarily driven by broad dollar strength due to US policies. Das highlights India’s growing services exports and significant FDI inflows, which mitigate the impact of a trade deficit.
Buy Mahindra & Mahindra, target price Rs 3,420: Motilal Oswal Financial Services (12-11-2024)
Motilal Oswal Financial Services has maintained its buy call on Mahindra & Mahindra (M&M) with a higher target price of Rs 3,420, based on strong Q2 results and positive future outlook. M&M’s consolidated total income grew by 10.15% year-on-year, driven by robust demand for its vehicles. The company has reported net profit after tax of Rs 2894.71 crore in latest quarter.
Share price of Mphasis as Nifty (12-11-2024)
A total of 3,346 shares changed hands on the counter till 10:08AM (IST).
Stock market update: Fertilisers stocks up as market rises (12-11-2024)
The 30-share BSE Sensex was up 83.6 points at 79579.75