Posts in category Economic Times
Bitcoin falls below $66,000 level ahead of Federal Reserve officials’ speeches (18-06-2024)
Vikram Subburaj, CEO of Giottus, noted that Bitcoin has fallen below $66,000, erasing its weekly gains. BTC’s price action suggests a further decline in the short term, with critical support at $63,000. If this trend persists, altcoins will continue to suffer against Bitcoin.
Ahead of Market: 10 things that will decide D-Street action on Wednesday (18-06-2024)
Domestic headline indices Nifty 50 and Sensex finished at record closing highs yet again boosted by strong domestic inflows as well as a climb in global equities. For the last few days, Nifty has been moving sideways on an intraday basis, but eventually it has moved up above 23,500. MACD showed bullish trade on the counters of ABB India, Hindustan Aeronautics, Cochin Shipyards, BEML, Godfrey Phillips India, and Cummins India.
Fed’s policy patience warranted amid still-high inflation, Collins says (18-06-2024)
"The appropriate approach to monetary policy continues to require patience, providing time for a methodical and holistic assessment of the evolving constellation of available data," Collins said.
Market Trading Guide: Data Patterns, Power Grid among 5 stock recommendations for Wednesday (18-06-2024)
Sensex and Nifty settled at their new closing all-time highs amid intense demand for realty, consumer durable and utility stocks.
These 5 realty stocks hit fresh 52-week highs; rallied up to 37% in a month (18-06-2024)
52-week high marks a stock's peak value over the last year. This is an important metric for traders and investors.
Goldman Sachs sells 44.20 lakh shares worth Rs 183 crore in Paytm via block deal (18-06-2024)
As per the shareholding data of One 97 Communications, Goldman Sachs Singapore held 84,01,067 shares or 1.32% stake in the fintech payment platform. Paytm shares on Tuesday settled in the red, breaking their two-sessions winning streak.
Vodafone’s stake sale in Indus Towers via block deal to likely see passive inflows of $110 million (18-06-2024)
In a note released on Tuesday, the brokerage predicted MSCI inflows of approximately $70 million, affecting 16 million shares in a single day. Additionally, FTSE inflows are expected to be around $36 million, impacting 8.6 million shares over half a day.
Ambuja Cements, Bajaj Auto among 5 stocks with long unwinding (18-06-2024)
In Tuesday's trading session, five stocks witnessed a long unwinding.
Fosun likely to sell 5% stake in Gland Pharma (18-06-2024)
Fosun will sell the shares at Rs 1750 per share which is 4.9% discount to the last traded price of Rs 1839.65. Fosun currently has a 57.86 percent shareholding in Gland Pharma.