Posts in category Economic Times
Cryptocurrency Prices on June 10: Bitcoin falls below $69.5K following hotter-than-expected US jobs report (10-06-2024)
Cryptocurrencies fell due to a market selloff triggered by strong US jobs data. Bitcoin dropped below $70,000, impacting investor sentiment.
Sensex falls! These stocks fell 5% or more in Monday’s session (10-06-2024)
In the Nifty pack, 30 stocks closed in the green, while 20 stocks ended in the red.
Tech stocks tumble, dragging Sensex 203 pts lower, Nifty below 23,300 on US rate fears (10-06-2024)
The Sensex hit a day's high of 77,079, while the Nifty 50 touched 23,411.9 in early trade on Monday on the back of a Modi-fuelled state firm rally, but the IT stocks dampened the buoyant market mood. The IT index fell 1.83%, making it the top sectoral loser. Tech Mahindra, Infosys, Wipro, TCS, and HCLTech declined by 1%-3%, becoming the top losers on the Sensex. The market capitalisation of all listed companies on the BSE surged by Rs 1.59 lakh crore to reach Rs 425.08 lakh crore.
Rupee ends lower on jump in US bond yields, RBI intervention caps losses (10-06-2024)
The Indian rupee ended weaker on Monday, weighed down by a rise in U.S. bond yields, but likely intervention by the Reserve Bank of India (RBI) helped limit the currency's losses.
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (10-06-2024)
Zenith Exports, Likhitha Infra, Gufic BioSci, Emkay Global and Premier Exp, hit their fresh 52-week highs during the day.
Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath (10-06-2024)
If you look at this, the regulatory intent or the policy intent that the entire banking credit, 40% of average net banking credit should be in the priority sector. As we all know the banking sector, while in recent past the priority sector lending from bank side has improved, but for a variety of reasons the real priority sector credit dissemination has always been done by middle sized NBFCs.
Paytm shares soar over 8% after laying off employees as part of group restructuring (10-06-2024)
Paytm has been facing regulatory trouble after the RBI barred Paytm Payments Bank Ltd from accepting more deposits from February 29, owing to non-compliance. After declining 51% in the last one year, Paytm saw some positive action with the shares rising 13% this month.
F&O stocks: Wipro, Tech Mahindra among 5 stocks with short buildup (10-06-2024)
In Monday's trading session, Coforge, Persistent Systems, Tech Mahindra, Vedanta, and Wipro witnessed a build-up of fresh short positions, indicating a potential downward trend in stock prices.
F&O stocks: Shree Cement, Samvardhana Motherson among 5 stocks with long buildup (10-06-2024)
During Monday’s trading session, five stocks experienced the initiation of new long positions. To ascertain whether a stock has encountered such a development, analysts examine the price movement alongside the open interest on the counter. If both the stock prices rise and the open interest increases, it is indicative of a long buildup.
IT stocks plunge up to 5% on Monday after 8% rally last week. Know how experts view sector! (10-06-2024)
Nifty IT index fell 2.3% with Coforge and Persistent Systems as top losers, despite Nifty hitting a lifetime high. IT sector has seen recent positive returns but remains a laggard over the quarter.