The Indian stock market ended Friday with muted gains. It capped a week which saw hectic action as some stocks collapsed like nine-pins. Is the pain really over or will it linger for some more time? There is no positive news on the horizon even as the market has discounted the unlock process.
THE hawkish sentiment echoed by the Federal Open Market Committee (FOMC) on Wednesday had its deleterious impact on the Asian stock and currency markets and India was certainly not spared of the blushes. The commentary The FOMC which is the equivalent of RBI’s monetary policy committee or MPC is tasked with maintaining money supply and […]
Adani Group shares tumbled by about 5-15% after reports that the National Securities Depository Limited (NSDL) suspended the accounts of foreign funds.
Scores of small Indian investors who wanted to make a quick buck are now left licking their wounds. The share price of these penny stocks has tanked that they are unable to recover even their cost. The unflinching belief that a ‘hot tip’ can be rewarding is a minefield for financial disaster.
High salaries for top management continue to be a matter of intense debate and discussion in India. This time it relates to the privately-held discount broking firm, Zerodha and its boss, Nitin Kamath. Unfortunately Nitin Kamath has had to clarify on the move. Meanwhile start-up firm founders are backing him.
The SAT has set aside the fine slapped on Yes Bank by the market regulator, SEBI. The move would mightily relieve the bank but the plight of the AT1 bondholders is lamentable. The pursuit of higher returns lured many of them and they are the big losers of the day. Greed unfortunately never pays.
Cryptocurrency prices have bounced off from their lows. How long and how much of a rally is left in this asset class? Meanwhile opinions continue to be sharply divided over cryptocurrencies. Goldman Sachs has also launched crypto derivatives perhaps escalating the danger of trading.
Cryptocurrencies continue to witness heavy selling pressure. The rumour of a clampdown in China is the latest. At the same time there is speculation that the Chinese clampdown has to do with the imminent launch of a digital yuan. How long the selling will continue is something nobody can hazard a guess about?
A single tweet has made Elon Musk unacceptable in the eyes of many #Bitcoin protagonists. Now a major debate has erupted on whether cryptocurrencies must be banned on the back of the ‘green claims’. The protagonists believe that there is a deliberate attempt to undermine the industry. Who will win this battle?
Are cryptocurrencies out of favour? Bitcoin price has come crashing and there is more of flip-flop from Elon Musk, the one-time protagonist turned green capitalist of today. Bitcoin is no more worth a trillion dollars. Investment funds have also turned cautious unable to stomach volatility.