On Tuesday, the oil prices jumped almost 4% as supply concerns eased and expectations of smoothly running operations boosted. The positive push came from the anticipation that the spread of the Omicron variant would not disrupt the global recovery. US WTI saw the biggest one-day percentage rise since November 2021. Brent crude rose above $83.70 …
Consecutive Outflows for Cryptocurrencies Since mid-December, the cryptocurrency sector has witnessed four consecutive weeks of record outflows. As a result, this sector reached a total outflow of around $465 million, with an asset under management of 0.8%. Bitcoin, which is the largest cryptocurrency in the world regarding market cap, posted an outflow of $107 million …
The year 2022 began on a happy note as the equity markets ended the first week with gains. Even though the ongoing concerns about the Omicron threat persist, global stocks managed to end in positive territory. Last week, the markets took charge but witnessed some volatility as they interpreted the Federal Reserve’s hawkish stance with …
The old year is over, and as we head into the new one, it is time to review the financial trends of last year and prepare for 2022. India’s equity markets reached new milestones, drawing many first-time investors. 2021 also saw an increasing number of unicorns, a rise in the organized sector, and new financial …
Jio IPO: A Significant Valuation Catalyst in the Telecom Sector Reliance Industries Limited’s (RIL’s) telecom unit is likely to enter the markets after its 33% sale of stakes to investors, including Facebook and Google. CLSA believes that this separate listing of Reliance Jio could become a major catalyst for the telecommunication sector in the country. …
The ninth tranche of the Sovereign Gold Bond Scheme (SGB) 2021-22 will be available for subscription from January 10, 2022, for a five-day period ending on January 14, 2022. These bonds are issued on behalf of the Union government by the Reserve Bank of India. The price of the issuance has been set at Rs …
The Indian rupee has seen ups and downs over the recent few days. The currency gained 11 paise to touch 74.31 against the US dollar in the early hours of trade on Friday. The rupee had opened at 74. 41 on Friday morning, while in the previous session of trade, it had settled at 74.42 …
As per the report published by Edelweiss, the shares of 13 companies have been upgraded from the mid-cap category to the large-cap category. Amongst those are the recently listed food aggregator Zomato, online payment service provider Paytm, e-commerce company Nykaa and the insurance aggregator Policy Bazaar. Apart from that, the research report also mentioned about …
Shares of Rama Steel Tubes Limited (RSTL), an Indian manufacturer of steel pipes and tubes, have hit 5% in the upper circuit. This stock has crossed the upper circuit for eight straight sessions in an otherwise weak market. It has logged a total of 75% rise from its Rs. 234.25 levels as of 27 December …
After a strong start to 2022, Sensex finally fell victim to the interest rate hike announcement from US Federal Reserve. On 6 January 2022 alone, the market fell about 900 points, only in India. The same can be said about other markets of Asia and the USA. This comes as an aftermath of US Federal …
