Trade Financial News

Solana (SOL/USD) is trading at $145.88, experiencing a minor decline of 1.50% in the last 24 hours. Amidst this fluctuation, CEO Anatoly Yakovenko shared a bullish outlook for Solana‘s role in the Web3 space at the Solana Crossroads 2024 conference.

Bitcoin (BTC/USD) recently crossed the $60,000 threshold, only to face new challenges from Federal Reserve sentiment. The cryptocurrency, currently trading around $60,800, experienced a modest drop of about 1.50% over the last day, keeping the bitcoin price prediction bearish.

Also Read: FPIs turn aggressive sellers on market crash; offload ₹17,083 crore in Indian equities: When will buying resume? Maheshwari, who runs a SEBI-registered portfolio management company Basant Maheshwari Wealth Advisers LLP, said that the Indian market will not react the way we want it to ahead of election results. ‘’So, rather than taking long or short positions amid extreme volatility, it is better to stay away from derivates till the market regains stability,'' said the analyst. He added that market trajectory will only be clear after election outcome or maybe on June 3 when exit polls will be announced.

campaigning for the remaining eight Lok Sabha constituencies in Madhya Pradesh which saw Prime Minister Narendra Modi and the Congress' Rahul Gandhi trading charges over the Constitution ended at 6 pm on Saturday. Of the 29 seats in MP, polling is over in 21 in the first three phases of the general elections. In these eight seats, 1.62 crore voters are eligible to seal the fate of 74 candidates in the fourth phase on May 13, said officials. Voting will held between 7 am and 6 pm for which 18,007 polling stations have been set up in the ST-reserved constituencies of Ratlam, Dhar and Khargone, SC-reserved seats of Dewas and Ujjain, and Mandsaur, Indore and Khandwa. In all, MP has ten reserved seats. The electioneering for the fourth phase gained momentum on May 6 with Gandhi launching an attack on PM Modi, alleging that he had made up his mind to scrap the Constitution to deprive the downtrodden of reservation.

₹17,083 crore worth of Indian equities and the total outflow stands at ₹16,797 crore as of May 10, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt outflows stand at ₹1,602 crore so far this month. Analysts noted that foreign investors will remain sellers in Indian markets given the delays in the interest rate cuts, inflationary concerns, moderation in corporate earnings, and premium valuation.

Democratic Gov. Laura Kelly has vetoed proposed restrictions on foreign ownership of land in Kansas

Ethereum restaking protocol EigenLayer has initiated its token-claim process, commonly referred to as an “airdrop,” for Season 1, Phase 1 rewards.

₹290 per share. This means that Indegene shares are trading higher by ₹290 apiece in the grey market than their IPO price of ₹452 per share. Considering the IPO price and the GMP today, Indegene IPO listing price is estimated to be around ₹742 per share, which is at a premium of 64.16% to the issue price.

The betting public is throwing money on Caitlin Clark and the Indiana Fever as the WNBA prepares to open one of the more-anticipated seasons in league history

equity market has been underperforming its major global peers amid sharp selling by foreign portfolio investors (FPIs), the delay in a US interest rate cut, cautiousness ahead of the Lok Sabha election outcome, muted Q4 results and a substantial increase in the India VIX. Over the past few months, the benchmark Nifty 50 index has been trading within a broad range of 21,750 to 22,800, and is currently approaching the lower end of this range. The Bank Nifty index is nearing its next immediate support level at 47,200, analysts said.

technology investor SoftBank Group is expected to slip back into the red when it reports earnings on Monday despite technology stocks including Arm Holdings, its core asset, performing well over the quarter. Analysts and investors are also eagerly awaiting clues about new growth investments as SoftBank has ample liquidity and can monetise its huge holding in Arm.

Bitcoin was at $73,000, now it is around $62,000 a 15% drop in price. This kind of sharp fall can be unsettling for a few, giving detractors a handle to question the stability and long-term viability of Bitcoin as a store of value. Bitcoin's volatility is not a reflection of any inherent instability in Bitcoin itself. Quite the contrary, Bitcoin is arguably the most stable and predictable asset in existence. Bitcoin is a revolutionary asset that defies traditional financial structures. Unlike companies, Bitcoin has no CEO, management team, earnings to hit, or competitors vying for its market share. It is a physical, bearer asset that can be held without counterparty risk, similar to gold, and it has no dilution risk. Bitcoin is the only asset with a predetermined supply distribution schedule and an immutable fixed total supply, making it truly unique in the financial domain.

Bitcoin started this week with trading at $64,000 level, following a cooler-than-expected US April jobs report after rebounding from the $56,000 level the previous week. However, Bitcoin could not hold there for long and swiftly retreated to $62,000, influenced by regulatory concerns surrounding Robinhood in the US. Furthermore, remarks from Federal Reserve Chair Jerome Powell indicating a prolonged timeline for policy adjustments added to the pressure on both crypto and traditional markets. Despite facing these hurdles, Bitcoin has shown remarkable resilience, boasting a staggering 127% increase in value over the past year. It has firmly held above the $60,000 threshold, with immediate support pegged at $61,300 and resistance at $64,500, currently trading at $63,000.

MintGenie, Mr Shastri shares his views on factor investing, gives tips for young investors who are starting their investing journey, and also shares his outlook for financial markets in the current year. Markets are expected to be influenced by key events like the Lok Sabha elections and the first post-election budget. Analysts believe pre-election volatility will likely continue, with potential interest rate cuts boosting market sentiment in the months after.

gold in the last one week has been -0.15% .whereas in the last month it has been 0.74%. The cost of silver is Rs.84300.0 per kg up by Rs.1710.0 per kg. Gold Price Today in Delhi is ₹74322.0/10 grams.

Also Read: TBO Tek IPO allotment to be finalised on May 13. Latest GMP, steps to check status Investors can check Aadhar Housing Finance IPO allotment status on the BSE website as well as on the official portal of IPO registrar.

Billionaire investor James Simons, the mathematician and Cold War code-breaker who founded one of the world's most prominent and profitable hedge funds, Renaissance Technologies, has died at 86, his foundation said on Friday. The Simons Foundation did not give a cause of death.

Also Read: Indegene IPO allotment out. Latest GMP, listing date, how to check status Investors can check their TBO Tek IPO allotment status online on the website of BSE or the IPO registrar. Kfin Technologies is the TBO Tek IPO registrar.

US IPO activity. Since then, listings on New York exchanges by China-based companies have been small and rare. Zeekr’s valuation suffered in the aftermath, too.

₹72,722 per 10 grams. The yellow metal opened at ₹71,730 level and gained over ₹1,000 during the day to hit a high of ₹72,888 led by strong demand on account of Akshaya Tritiya. MCX silver price closed 0.09% higher at ₹84,984 per kg after opening at ₹84,761 and hitting a high of ₹85,812 during the day.

The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule that would've drastically limited the fees that credit card companies can charge for late payment.