Posts in category Economic Times
Cryptocurrency prices on June 4: Bitcoin holds above $68K; Shiba Inu, Avalanche tank up to 5% (04-06-2024)
Cryptocurrency markets, led by Bitcoin, Ethereum and Shiba Inu, traded lower today. Bitcoin touched $70,230 on positive US inflation data, fueling speculation of a potential interest rate cut by the US Fed. The global market cap fell by 0.7% to $2.55 trillion, with stablecoins totaling $76.21 billion.
Keep patience, markets will find its feet: Raamdeo Agrawal (04-06-2024)
Clearly markets have a tendency to go from one side to other side. But that is how it is. I do not think investors have any problem. The problem is actually for the speculators.
Election results may trigger India de-rating, Modi stocks to be worst hit (04-06-2024)
"We expect a market derating in the short term, as the risk on India has gone up. PSUs and Capital goods are the most vulnerable sectors, from which we would stay away for the time being. On the other hand, consumption should come back and we see FMCG and value retailers making a strong return. We are also constructive on Healthcare," said Seshadri Sen of Emkay Global.
SBI investors lose Rs 1 lakh crore as PSU bank tanks 13% (04-06-2024)
SBI shares plunged by 13%, wiping out Rs 1.07 lakh crore from market cap amid a broader sell-off in PSU bank stocks, impacted by lower-than-expected victory margins in the Lok Sabha elections. Expert views remain mixed, with bullishness on private banks.
Don’t see any material changes in policies going ahead: Rajeev Thakkar (04-06-2024)
And if we step back what does the election outcome mean for the markets? So, barring the pre-election and post-election for a week, 10 days, people will move on.
Sebi forms committee to review ownership, economic structure of clearing corporations (04-06-2024)
Sebi forms committee chaired by Usha Thorat to review ownership and economic structure of clearing corporations for resilience and neutrality.
Bond yields jump, rupee weakens as trends fall short of hopes of larges NDA win (04-06-2024)
Government bonds and the rupee weakened as Lok Sabha election results indicated a lower NDA majority. 10-year bond yield rose 9 bps to 7.03%, rupee fell to 83.42/$1. Yields impact borrowing costs. Market awaits full election outcome.
Bloodbath on Street: Tata Tech among 353 stocks at 52-week lows, crash up to 20% (04-06-2024)
Veritas Advertising and Bodhi Tree Multimedia topped the list with each falling 20% to Rs 170.30 and Rs 11.7, respectively, to hit their new 52-week lows.
Paytm, Inox Wind among 736 BSE-listed stocks that hit lower circuit (04-06-2024)
The market capitalisation of the BSE listed companies fell by Rs 30 lakh crore with 694 stocks hitting lower circuits and 292 crashing to 52-week lows on the BSE.
Great opportunity for investors to build or reconstruct their portfolios: Sandeep Tandon (04-06-2024)
See, both manufacturing and defence in particular have been very expensive. If I have to say in any manufacturing space where is the biggest froth? Again, not in absolute terms but on relative basis, defence is the biggest froth which got built and is getting built for last many months now.