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cryptocurrency markets traded lower on Wednesday, with Bitcoin and Ethereum leading the decline. At 1:48 pm IST, Bitcoin (BTC) was trading 1.3% lower at $66,088, while Ethereum fell nearly 1.11% to $3,313. Meanwhile, the global cryptocurrency market cap dropped by 0.71% to around $2.39 trillion in the last 24 hours.

mechanism to allow trade settlement in rupees. An important headway came in December 2023 with India’s first-ever rupee payment for oil from the United Arab Emirates, a major trading partner. Earlier, an RBI panel also gave recommendations, some of which led to the central bank announcing in May a plan to allow non-residents to open rupee accounts.

supply chains after the pandemic and due to geopolitical reasons has given India a chance to make in India for the world. It's not just China. Other Asian countries such as Vietnam and Bangladesh are also formidable incumbents. Traditionally, other Asian countries have had an edge over India due to various reasons such as cheaper labour, less rigid labour market and free trade agreements. But now India too is becoming an attractive source of goods for Western countries.

ICICI Prudential Life Insurance Company Ltd. gained 1.05 per cent to Rs 730.95 in Wednesday's trade. It hit a high of Rs 737.0 and low of Rs 720.75 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 564.84, while the 50-DMA was at Rs 617.24. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Mint explains why Sebi is concerned with the rising trade volumes, the measures it plans to take, and the impact of these steps. Derivatives are financial contracts that derive their value from an underlying asset. Derivatives are of two types – futures and options contracts.

The central bank of Japan has announced to raise key interest rates to 0.25% from its previous range of 0% to 0.1%. This is the second time since 2007 that the central bank has raised interest rates.

Marico Ltd. slipped 1.17 per cent to Rs 673.0 in Wednesday's trade as of 01:08PM (IST). The stock hit a high price of Rs 683.6 and low of Rs 670.8 during the session. The return on equity (ROE) for the stock stood at 38.64 per cent. Traded volume on the counter stood at 01:08PM shares and turnover at Rs 2.1 crore around that time. The stock of Marico Ltd. quoted a 52-week high price of Rs 690.95 and 52-week low prices of Rs 486.75, respectively.

Dinshaw Irani, CEO, Helios Mutual Fund, says they have not been very adventurous in their shopping list and instead been fairly cautious. They have moved away from midcaps to a larger extent as they believe that midcaps are fairly overpriced. Helios is okay with the largecaps though given that they are still at a PE of some 21-odd forward earnings which is fairly reasonable given the kind of growth seen in the largecaps. In the smallcap space also, they are being cautious. What is your market view? We can endlessly argue that markets should go down, but the fact is they are up. What does that indicate? Dinshaw Irani: Look at what the earnings are doing. If you look from March quarter onwards, there has been roughly around a 5% cut in earnings on the Nifty or the indices as such, roughly 5% across both the broader indices and the narrow indices. And what has the market done? It has gone up 11%. Even this quarter I think roughly around 28 odd companies have reported in Nifty and the earnings growth is 3%.

Avenue Supermarts Ltd. slipped 1.28 per cent to Rs 4953.0 in Wednesday's trade as of 12:23PM (IST). It hit a high of Rs 5099.85 and low of Rs 4950.7 during the session. The stock quoted a 52-week high price of Rs 5220.0 and a low of Rs 3493.05. The return on equity for the stock stood at 13.56 per cent. About 4,552 shares have changed hands on the counter so far.

Vedanta Ltd. traded 0.1 per cent down at Rs 446.5 on Wednesday at around 12:17PM (IST), while the benchmark BSE Sensex advanced 236.78 points to 81692.18. As many as 339,804 shares changed hands on the counter with a total value of Rs 15.24 crore.

The Bank of Japan has raised its key interest rate to 0.25% from 0.1%, acting to curb the yen's slide against the U.S. dollar

DAM Capital initiated coverage on Hindalco with a 'Buy' rating and target price of Rs 905, which indicates an upside potential of 37% from the previous day's closing price of Rs 660 apiece. In its coverage initiation, DAM Capital emphasized the opportunities within the aluminium sector, expressing optimism about future aluminium prices and predicting deficits ahead. Meanwhile, the brokerage highlighted Hindalco's strengths, noting, «Hindalco's India aluminium business is strong, with stable copper operations.»

The exclusive world of Bitcoin VIP s consists of an elite group of individuals who enjoy exclusive perks and privileges. This may sound like an intriguing opportunity to those interested in the world of crypto. However, not just anyone can become a Bitcoin VIP.

Tenth Avenue Freeze-Out. I am sipping a cup of black coffee and just doing nothing. A state I want to continue existing in (I was until I had to start writing this).

Solana has recently surpassed Ethereum in key metrics, including daily transactions and decentralized exchange (DEX) volumes.

In 2024, the landscape of financial markets will evolve at an unprecedented pace. Among the various instruments gaining popularity, cryptocurrencies and binary options stand out as promising avenues for brokers. These assets offer unique opportunities for traders and brokers alike, leveraging the volatile nature of cryptocurrencies and the straightforward mechanics of binary options. This blog post delves into the potential of crypto and binary options, exploring why they represent a new horizon for brokers in 2024.

traded volatile for yet another session on Tuesday and ended nearly unchanged. After a flat start, the Nifty gradually inched higher for most of the session but sharp profit-taking in the final hours trimmed all the gains. «Rotational participation from the heavyweights is maintaining a positive tone amid consolidation, and we expect this prevailing trend to continue. We are targeting 25,100 in the Nifty and suggest focusing on accumulating quality stocks on dips,» said Ajit Mishra – SVP, Research, Religare Broking.

equity derivatives, while they will have fewer contracts to bet on. The Securities and Exchange Board of India (Sebi) has proposed an increase in minimum contract size in index derivatives, a reduction in weekly index product offerings, and making options trading costlier among a slew of proposals aimed at curbing heightened risky speculation among individual investors — mainly retail. CONTRACT SIZE

Advocacy of Chinese foreign direct investment into India by the Economic Survey notwithstanding, a change in India’s position seems unlikely. “There is no rethinking at present to support Chinese investments in the country," commerce and industry minister Piyush Goyal said on Tuesday, noting that the survey’s recommendations are not binding.

Ukraine. I'm grateful for that.

ecommerce enablement platform Shiprocket has set its sights on facilitating ecommerce transactions for the offline general trade segment, cofounder and chief executive Saahil Goel told ET.