MARKETS

MARKETS

Does the cryptocurrency crash pose a threat to the financial system?

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[ad_1] WASHINGTON- On Tuesday, Bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in the past month, according to data site CoinMarketCap, as investors fret about tightening monetary policy. Compared with the Fed’s last tightening cycle which began in 2016 crypto … Read more

Trade Setup: Keep buying on dip; focus on relatively stronger pockets and low beta defensive universe

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[ad_1] It was a day of strong consolidation again for the Indian equities as they struggled to hold on to pattern support while they ended the day with a modest cut. The markets saw a positive start to the day; however, they soon drifted into the negative territory. The Nifty continued to get weaker as … Read more

Paradeep Phosphates IPO to open on May 17; govt to sell its entire stake

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[ad_1] New Delhi: Fertiliser company Paradeep Phosphates Ltd will come out with its initial public offering on May 17 and the price band has been fixed at Rs 39-42 per share. Through the Initial Public Offering (IPO), which will conclude on May 19, the government will be offloadng its entire 19.55 per cent stake in … Read more

Ahead of Market: 12 things that will decide D-Street action on Thursday

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[ad_1] NEW DELHI: Domestic equity markets remained under pressure on Wednesday, marking the fourth straight session of weakness. Selling in index heavyweights dragged the indices lower. Despite the recovery in the global markets, Indian equities were under severe pressure. Domestic stocks eroded Rs 28 lakh crore worth of investor wealth in just one month. Here’s … Read more

SGX Nifty down 140 points; here’s what changed for market while you were sleeping

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[ad_1] The domestic equity market was headed for another negative start on Thursday, courtesy negative global sentiments. US stocks tumbled down sharply over inflationary worries and Asian peers were also on the downward trajectory. Back home, action will be seen in the primary market as three issues are active and LIC’s allotment status will be … Read more

Don’t sell off your winners in a market crash; you will need them when the market recovers: Shankar Sharma

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[ad_1] “Build a portfolio for the next five years and that is really what most investors should be looking at. Instead of fretting over the losses, start thinking constructively where can I recover these losses and you may not be able to recover it from your existing portfolios,” says market veteran Shankar Sharma. Are we … Read more

Lehman moment for crypto market? Experts say 90% of tokens may be wiped out

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[ad_1] New Delhi: It is a complete carnage in the crypto market, with the top 20 names dropping as much as 35 per cent in the last 24 hours alone. The fall in smaller tokens is steeper and the pain more severe. The global market capitalization of all the crypto tokens has tumbled below $1.2 … Read more

Venus Pipes IPO subscribed 4.43 times on second day of offer

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[ad_1] New Delhi: The initial public offer of Venus Pipes and Tubes was subscribed 4.43 times on the second day of subscription on Thursday. According to the NSE data, the company’s Rs 165.41-crore Initial Public Offer (IPO) received bids for 1,57,21,696 shares against 35,51,914 shares on offer. The category for retail individual investors received 7.52 … Read more