Index Financial News

Investors are often grappled with a crucial question — is the market ripe for opportunity or is it on the precipice of a downturn? To determine this, one of the pieces of the puzzle is the ‘Crypto Fear and Greed Index’. This nifty tool is an investor behavioral barometer that measures market sentiment, giving investors a glimpse into the collective emotions of crypto investors.

cryptocurrency. The Tysons Corner, Virginia-based company booked impairment losses from digital assets of $1.01 billion in the quarter, compared with $39.2 million a year ago.

Bitcoin is down about 1.8% for the week as of 2:15 p.m. in New York on Friday. If the trend continues, it will be the first negative week for Bitcoin since its current rally began in late January. Retail investors enthusiastic about the recent approval of spot Bitcoin exchange-traded funds and the next halving event — which will cut the supply of newly minted Bitcoin in half — have driven up the price of the asset by 25% in recent weeks.

Investors have poured $1.9 billion into nine new exchange-traded funds tracking the spot price of bitcoin in their first three days of trading, data from issuers and analysts showed, with fund giants BlackRock and Fidelity pulling in the lion's share of the flows. Collective flows to the nine funds outpaced post-launch flows into the ProShares Bitcoin Strategy ETF, which drew a record $1.2 billion in the first three days of trading after its 2021 launch. The SPDR Gold Shares ETF attracted $1.13 billion in the first three days after its 2004 launch. Investments in the long-awaited ETFs — launched on Jan. 11, a day after receiving approval from the U.S. Securities and Exchange Commission (SEC) — fell short of the most aggressive estimates of first-day flows in the billions of dollars.

Multiple asset managers have applied for bitcoin ETFs since 2013, but the SEC rejected them on the grounds they would be vulnerable to market manipulation. In August, however, a court found the SEC was wrong to reject Grayscale Investments' bitcoin ETF application, forcing the agency to rethink its stance. On Wednesday, SEC approved applications from ARK Investments, BlackRock and Fidelity, among others. Here is how the products work and why the approval is seen as a big deal:

'Despite biodiversity emerging as one of the key areas for investment, the data available for investors remains inadequate,' said Patricia Torres, Bloomberg's global head of sustainable finance solutions.

₹62,602 per 10 gm levels, which is its new peak on the commodity exchange. However, profit taking soon triggered and the yellow metal price touched intraday low of ₹62,431 per 10 gm levels within few minutes of commodity market's opening bell on Wednesday. In international market, spot gold price is oscillating around $2,047 per ounce levels.

Tata Consultancy Services Ltd.(up 0.08 per cent) were among the top gainers. Coforge Ltd.(down 1.54 per cent), MphasiS Ltd.(down 1.27 per cent), Tech Mahindra Ltd.(down 0.81 per cent), HCL Technologies Ltd.(down 0.69 per cent) and LTIMindtree Ltd.(down 0.6 per cent) were the top losers on the index.

social stock exchange and also decided to introduce a regulatory framework for index providers. Besides, the regulator will put in place a new regulatory framework for facilitating Small and Medium Real Estate Investment Trusts (SM REITS) apart from amending norms to strengthen the protection of investors who have pumped in money into Alternative Investment Funds (AIFs).

Also Read: Sebi chair Buch cautions investors against heavy F&O bets These decisions were taken by the board of the Securities and Exchange Board of India (Sebi) during its meeting held in Mumbai on Saturday. Here are the key decisions taken by the SEBI board during its meeting. Those waiting for a firm decision on new delisting rules might have to wait for more as the SEBI board on Saturday denied approval of the new regulations, citing a lack of data available.

Phoenix Mills Ltd.(up 2.07 per cent) and Macrotech Developers Ltd.(up 0.24 per cent) were among the top gainers. Prestige Estates Projects Ltd.(down 1.49 per cent), Indiabulls Real Estate Ltd.(down 1.0 per cent), Brigade Enterprises Ltd.(down 0.91 per cent), Godrej Properties Ltd.(down 0.21 per cent) and Sobha Ltd.(down 0.21 per cent) were the top losers on the index.

Wipro Ltd.(up 0.38 per cent), Infosys Ltd.(up 0.15 per cent), L&T Technology Services Ltd.(up 0.14 per cent) and MphasiS Ltd.(up 0.12 per cent) were among the top gainers. Persistent Systems Ltd.(down 0.39 per cent), Tech Mahindra Ltd.(down 0.22 per cent), Tata Consultancy Services Ltd.(down 0.17 per cent), HCL Technologies Ltd.(down 0.12 per cent) and LTIMindtree Ltd.(down 0.1 per cent) were the top losers on the index.

bond index has imparted volatility to the domestic debt market, causing the 10-year benchmark yield to swing close to a tenth of a percentage point. Market sources told ET that at the conclusion of a recent meeting with the advisers to the Bloomberg index, some investors had raised concerns over lack of necessary systems in place to facilitate trade in Indian government bonds. Bloomberg Index Services has not yet made an official announcement. Late September, JP Morgan became the first major global index to include Indian government securities, paving the way for up to $24-25 billion of inflows over the next couple of years. «After the move by JP Morgan, there was increased activity surrounding the Bloomberg index too. Some large investors were in favour but there are many others who have cited lack of operational preparedness for trading Indian government bonds,» a source said on the condition of anonymity. Starting November 16 — which some market players said was the day of the last Bloomberg index committee meeting — yield on the 10-year benchmark government bond has swung sharply. Yield on the benchmark security, which determines pricing for a host of credit products, fell to a low of 7.20% on November 16 and then went on to jump as much as seven basis points to 7.27% on Wednesday.

Shares of Tube Investments of India Ltd.(up 16.71 per cent), Bharat Forge Ltd.(up 1.76 per cent), Balkrishna Industries Ltd.(up 1.37 per cent), Bajaj Auto Ltd.(up 1.15 per cent) and Hero MotoCorp Ltd.(up 1.09 per cent) ended the day as top gainers in the pack. On the other hand, Sona BLW Precision Forgings Ltd.(down 1.25 per cent), Mahindra & Mahindra Ltd.(down 1.04 per cent), Samvardhana Motherson International Ltd.(down 0.9 per cent), Maruti Suzuki India Ltd.(down 0.38 per cent) and Eicher Motors Ltd.(down 0.27 per cent) finished as the top losers of the day.

Shares of Persistent Systems Ltd.(up 1.98 per cent), Infosys Ltd.(up 1.3 per cent), Tech Mahindra Ltd.(up 0.9 per cent), MphasiS Ltd.(up 0.67 per cent) and LTIMindtree Ltd.(up 0.6 per cent) ended the day as top gainers in the pack. On the other hand, L&T Technology Services Ltd.(down 0.64 per cent) and Wipro Ltd.(down 0.09 per cent) finished as the top losers of the day.

Shares of Gland Pharma Ltd.(up 3.98 per cent), Aurobindo Pharma Ltd.(up 2.77 per cent), Natco Pharma Ltd.(up 2.57 per cent), GlaxoSmithKline Pharmaceuticals Ltd.(up 2.09 per cent) and Sanofi India Ltd.(up 1.65 per cent) ended the day as top gainers in the pack. On the other hand, Granules India Ltd.(down 1.1 per cent), Divi's Laboratories Ltd.(down 0.53 per cent), Torrent Pharmaceuticals Ltd.(down 0.38 per cent), Lupin Ltd.(down 0.24 per cent) and Abbott India Ltd.(down 0.19 per cent) finished as the top losers of the day.

Shares of Axis Bank Ltd.(up 0.63 per cent) ended the day as top gainers in the pack. On the other hand, Punjab National Bank(down 2.17 per cent), IndusInd Bank Ltd.(down 2.1 per cent), IDFC First Bank Ltd.(down 1.65 per cent), Kotak Mahindra Bank Ltd.(down 1.21 per cent) and Federal Bank Ltd.(down 0.85 per cent) finished as the top losers of the day.

Indian bonds this year are poised to reach the highest since 2017, as investors lap up local debt before the nation’s entry into global indexes. Inflows to fixed income, including corporate debt, have reached nearly $6 billion thus far in 2023, with this month alone accounting for about a quarter of the flows, according to data compiled by Bloomberg. Monthly inflows to the nation’s government bonds are set for their highest since April 2020, the longest streak since the fully-accessible route index-eligible category was introduced. While JPMorgan’s decision in September to add India to its emerging market gauge is prompting investors to boost their holdings of local bonds, robust growth in company earnings and the economy has driven foreign inflows to nation’s equities. Global funds have bought more than $12 billion of shares this year, the most in emerging Asia.

Shares of Aurobindo Pharma Ltd.(up 2.92 per cent), Alkem Laboratories Ltd.(up 2.22 per cent), Lupin Ltd.(up 1.92 per cent), Laurus Labs Ltd.(up 1.53 per cent) and Gland Pharma Ltd.(up 1.47 per cent) ended the day as top gainers in the pack. On the other hand, Glenmark Pharmaceuticals Ltd.(down 0.96 per cent), Biocon Ltd.(down 0.55 per cent), Natco Pharma Ltd.(down 0.17 per cent) and Abbott India Ltd.(down 0.1 per cent) finished as the top losers of the day.

Shares of HDFC Bank Ltd.(up 0.84 per cent), ICICI Bank Ltd.(up 0.5 per cent), Axis Bank Ltd.(up 0.31 per cent) and IDFC First Bank Ltd.(up 0.23 per cent) ended the day as top gainers in the pack. On the other hand, Au Small Finance Bank Ltd.(down 1.95 per cent), Bank of Baroda(down 0.96 per cent), Federal Bank Ltd.(down 0.47 per cent), Punjab National Bank(down 0.44 per cent) and State Bank of India(down 0.39 per cent) finished as the top losers of the day.

LTIMindtree and Bharat Electronics (BEL) will replace UPL and Dabur India from S&P BSE Sensex 50 index with effect from December 18 as part of the reconstitution of the 30-stock index, a BSE release said on Monday. Shares of LTIMindtree jumped over 2% to the day's high of Rs 5638 on the BSE while BEL fell 1.4% to the day's low of Rs 143.95. Meanwhile, UPL traded flat though the bias was positive and Dabur India gained up to 0.40% to Rs 543.85 around 12 pm. The rejig exercise will also be in other indices on the BSE viz.