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As Ethereum continues to evolve, it stands on the cusp of significant growth in 2024. Analysts, including CryptosRUs Analysis , are bullish about Ethereum's future, particularly due to the anticipated Dencun Upgrade. This upgrade is expected to be a game-changer for Ethereum's ecosystem, driving exponential growth through various technical enhancements.

Chinese authorities have recently dismantled a massive underground banking network valued at $2.2 billion, which was ingeniously using foreign digital currency platforms to circumvent the country’s stringent financial controls. This operation came to light following a detailed investigation by Chinese foreign exchange police.

Jyoti CNC Automation IPO: The initial public offering (IPO) of Jyoti CNC Automation Limited opened for subscription on 9th January 2023 and it is going to close on 11th January 2023 i.e. on today evening. Hence, investors have just one day in hand to apply for the public issue.

₹850 apiece in early trade on Thursday. This positive response from investors follows the release of the company's Q3FY24 business update on Wednesday after market hours. The company marked its highest-ever Q3 revenue, experiencing a consistent trend across various geographies and channels.

eastward enlargement, once dormant policy areas, are now priorities—giving a new voice to Ukraine’s neighbours in central Europe. The rise of China, and the prospect of resurgent Trumpism in America, has caused the EU to rethink its economic arrangements—often along statist French lines. Climate imperatives have reinforced the value of taking action at collective level—an approach favoured by the EU’s quasi-federal institutions in Brussels.

Info Edge Ltd (Naukri), part of the consumer service industry, has been trading above the breakout level of a Cup and Handle pattern on the daily charts. Short-term traders can look to buy the stock for a possible target of 5900 in the next 6-8 weeks, suggest experts. The stock gave a breakout from a Cup and Handle pattern in December 2023. The neckline of the pattern was placed around 4900-5000 levels.

The Nifty future closed positive with gains of 0.49% at 21722 levels on Wednesday. India VIX was down by 2.21% from 13.26 to 12.97 levels. Volatility rose above 14.5 zones during the day but cooled off later and paved the way for the bulls at support zones. On the weekly options front, the maximum Call OI is placed at 21,800 and then towards 22,000 strikes while the maximum Put OI is placed at 21,500 and then towards 21,600 strikes. Call writing is seen at 21800 and then towards 22000 strikes while Put writing is seen at 21500 and then towards 21600 strikes. “Options data suggests a broader trading range in between 21200 to 22000 zones while an immediate trading range in between 21350 to 21750 zones,” Chandan Taparia, Senior Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a small-bodied Bullish candle on the daily frame on Wednesday with a longer lower shadow indicating buying visible at support zones,” he said. “Now the index has to hold above 21550 zones, for an up move towards 21750 then 21850 zones while on the downside support exists at 21450 and 21300 zones,” recommended Taparia.

Polycab tanked 20% to the day's low of Rs 3930.55 in Thursday's trade after the Income Tax department detected «unaccounted cash sales» of about Rs 1,000 crore after it recently raided the Polycab group. «Unaccounted cash of more than Rs 4 crore was seized and more than 25 bank lockers were put on restraint after the searches were launched against the group on December 22 last year,» the Central Board of Direct Taxes (CBDT) said in a statement, according to a PTI report. It said a total of 50 premises in Mumbai, Pune, Aurangabad and Nashik in Maharashtra, Daman, Halol in Gujarat and Delhi were covered. The CBDT said a large number of «incriminating» evidence in the form of documents and digital data were seized during the raids. These reveal the «modus operandi of tax evasion» adopted by the group in connivance with some of authorised distributors, it said. Also Read | Tech growth woes pose risk to Dalal Street's sizzling rally «Credible evidences recovered during the search have established that the flagship company has made unaccounted cash sales of around Rs 1,000 crore which are not recorded in the books of accounts,» the CBDT claimed. Polycab India, however, issued a clarification to stock exchanges calling the reports of «tax evasion by the company» as «rumours». «Polycab India denies any rumours of tax evasion by the Company circulating in the media,» the company filing said, adding that «The company asserts its commitment to compliance and transparency, having fully cooperated with the Income Tax Department officials during the search proceedings in Dec 2023.

Ark Invest CEO Cathie Wood has expressed disappointment at the statement made by SEC Chair Gary Gensler shortly after the agency approved a dozen exchange-traded funds (ETFs) that directly hold Bitcoin.

multibagger in the last few months, then allow market data to humble you down. In the nine-month period from March 20, when Sensex and Nifty were at 52-week lows, till December-end, 88% of all stocks from the entire universe of BSE-listed counters have given positive returns.

The BSE Sensex was trading 284 points or 0.40% higher at 71,942. Nifty50 was trading at 21,706 up 88 points or 0.41% at around 9.24 am. From the Sensex pack, Axis Bank, Bajaj Finserv, Reliance Industries, Bajaj Finance, and NTPC opened in the green, while only Infosys, HCL Tech, and Wipro opened in the red. In today's trade, IT stocks will be in focus as market leaders TCS and Infosys are due to report quarterly results post-market hours, kicking off the earnings season in earnest. Among individual stocks, Polycab India opened with a 10% lower circuit amid reports that the Income Tax department found unaccounted cash sales of Rs 1,000 crore. On the sectoral front, Nifty Consumer Durables rose 1.15%, and Nifty Auto surged 0.63%.

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Balrampur Chini, Bandhan Bank, Chambal Fertilizers, Escorts Kubota, Hindustan Copper, Indian Energy Exchange (IEX), The India Cements, Indus Towers, National Aluminium Company, Piramal Enterprises, PVR Inox and Steel Authority of India (SAIL). After moving out of the ban for a day, Zee Entertainment Enterprises (ZEEL) is back on the ban list. Delta Corp and Gujarat Narmada Valley Fertilizers (GNFC) have moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL.

Indian policymakers are expected to fix inverted import duties for sectors like textiles, leather and engineering goods, so that inputs are not charged at a higher rate than ready-to-use products. The commerce ministry has reportedly reached out to the finance ministry to sort out such distortions for more than a dozen items in the Union budget. Manufacturers have long sought corrections, as high input duties increase local production costs, but government action has been slow.

Also Read: BlackRock to cut 3% of workforce, aims for larger employee strength by end of 2024 Microsoft has briefly taken the lead over Apple as the most valuable company a handful of times since 2018. Most recently in 2021, it overtook Apple when concerns about supply chain shortages related to the COVID-19 pandemic hit the iPhone maker's stock price. Analysts believe both tech stocks look relatively expensive in terms of price to their expected earnings.

Stock market today: On account of Reliance Industries Ltd's (RIL) share price hitting a lifetime high on Wednesday, the Indian stock market extended its Tuesday gains and ended higher for yet another session. The Nifty 50 index finished 73 points higher at the 21,618 level, the BSE Sensex surged 271 points and closed at the 71,657 mark whereas the Bank Nifty index gained 118 points and ended at the 47,360 level. The mid-cap index rose less than the Nifty 50 index even as the advance-decline ratio remained positive at 1.10:1.

Gold prices edged higher on Thursday, supported by a softer dollar ahead of a consumer inflation report due later in the day that could shed some light on the U.S. Federal Reserve's interest rate trajectory.

Sensex settled 271 points higher at 71,657 and the Nifty advanced 73 points to 21,618. Stocks that were in focus included names like HCL Tech, which rose 2.03%, Delta Corp, which jumped 2.9%, and Manappuram, whose shares declined 4.8% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta equities, recommends investors should do with these stocks when the market resumes trading today. HCL Tech (Bullish) The stock has successfully formed a W pattern on its daily charts. Any pullback towards 1480-1485 should be a good buying opportunity for the stock, with a stop loss placed below the 1465 mark.

The SEC has at long last approved spot-price bitcoin ETFs, though it did not do so entirely willingly and will all but certainly be watching product providers very closely.

The yen fell 0.9% on the dollar overnight and 1.2% on the euro after data showed workers' real wages shrank for a 20th straight month in November — confounding officials wishes to see wage gains before tightening policy. The yen was under gentle pressure at 145.55 per dollar in morning trade and hit a six-week low of 159.99 per euro. The euro bought $1.0974 and other majors were steady on the dollar with all eyes on the U.S.

Rajnath Singh on Wednesday said Beijing's perspective has altered drastically with the emergence of New Delhi as a 'strategic power'. «A columnist for the Global Times, which, in a way, is a mouthpiece for China, published an article with the headline 'What I see about Bharat narrative in India'. This article is a ringing affirmation of the changing Chinese perspective on India.