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iPhones, Macs, and other devices, according to the Journal, which cited unidentified people familiar with the matter. The server project is code-named ACDC within the company, the newspaper said. Apple shares rose as much as 1.2% in late trading on Monday.

gold in the last one week has been 0.63% .whereas in the last month it has been -2.7%. The cost of silver is Rs.84100.0 per kg up by Rs.1200.0 per kg. Gold Price Today in Delhi is ₹73683.0/10 grams.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, kicked off Tuesday's trading session with modest gains amid positive global cues on reaffirmed optimism that major central banks will begin cutting interest rates this year. The initial gains were led by FMCG and PSU Bank stocks. The 30-share BSE Sensex opened higher by 77.76 points, or 0.11%, at the 73,973.30 level, while the Nifty 50 started off at the 22,489.75 level, up 47.10 points, or 0.21%.

Indian companies are also not usually running second to the Chinese in many sectors, especially in cutting-edge technology domains. The pressures on or exit of Chinese companies under Europe’s new laws, thus, might not necessarily create openings for Indian companies to take advantage of. What is, therefore, likely to happen, is similar to what has happened with Indian expectations of friend-shoring.

Deepak Shenoy, Founder, Capital Mind, says “I believe longer term, LIC is still a good play. Even from here, the fourth quarter is likely to be pretty good because they recognise a certain set of revenues only in the fourth quarter related to their participating policies, the 7.5% of profit that they will share with shareholders is taken out entirely in the fourth quarter, so that will be a fairly large chunk to add. Also we are still buying BSE because despite what happened recently in terms of SEBI giving them a notice about paying up for the options volumes on a notional basis rather than on a premium basis, they have increased their rates and perhaps are going to recover any future charges from customers directly.”

equity indices opened marginally higher on Tuesday, mirroring a surge in global stocks driven by renewed confidence that major central banks worldwide will initiate interest rate cuts this year. At the opening bell, the BSE Sensex advanced by 60 points or 0.08%, hovering at 73,956, while the Nifty50 traded at 22,470, up by 28 points or 0.12%, around 9.18 am.

ITC share price bottomed out and continued moving in an uptrend after it dipped twice to Rs 399 in the months of February and March, from where it took support. The stock has been creating higher highs and higher lows since then. On 5th March, a golden crossover pattern formed when the 10 DEMA line crossed the 20 DEMA line from below. The stock was also showing some resistance at its 100 DEMA which it finally breached on 26th April, however, has not managed to entirely sustain above the same.

Aditya Arora, Adlytick, says “markets are pretty overvalued in terms of PE ratio, price to book ratio and technically also. We believe there will be a correction of 1,000 to 4,000 points from the top. If we see a good outcome in the election, there could be a short-term spike in the market. So, whatever is the top for the market, from there we see a correction of 1,000 to 4,000 points. We can see froth all over – in midcaps, smallcaps and largecaps also, although largecaps are already correcting. So, we are creating short positions in the market on the rise.” What is your view on the market right now? How would you trade in Nifty, Bank Nifty? What is your positioning? Or are you sitting out right now? Aditya Arora: We are positioned in the market, preparing for a 1,000-4,000 point of correction in Nifty post election. The reason is that a lot of people have priced in great growth in markets post election expecting the BJP government to come back to power. If you look at PE multiples of various stocks and sectors, then it is touching sky high levels.

Shares of Grayscale Bitcoin Trust jumped 5% in premarket trading on Monday after the exchange-traded fund (ETF) that tracks the price of bitcoin saw its first day of inflow since January. The move marks a major milestone for GBTC, which has seen $17.46 billion in withdrawals since it converted from a trust to an easily tradable ETF in January, due to the higher fees it charges compared with rivals.

Robinhood Markets said on Monday it received an enforcement action notice from the U.S. Securities and Exchange Commission (SEC) on May 4 over crypto tokens traded on its platform. The company said it received a so-called "Wells notice," which the SEC issues when it is planning to bring enforcement action against them. Such notices do not necessarily mean the company has engaged in wrongdoing.

Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while traders waited on a policy meeting in Australia later in the day and had a close eye on a falling yen. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3% in early trade. Hong Kong shares traded marginally lower, having ridden a wave of heavy buying from mainland investors to lift the Hang Seng index more than 14% higher in a 10-day winning streak, its longest since 2018.

interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dollar-selling intervention last week. The Australian dollar hovered close to a two-month high versus its U.S. counterpart with the Reserve Bank of Australia widely expected to keep rates steady later in the day, and traders on watch for a more hawkish stance from Governor Michele Bullock.

Stock market today: Despite positive global market cues, the Indian stock market ended lower after a highly volatile session on Monday. The Nifty 50 index lost 33 points and finished at 22,442, while the BSE Sensex ended marginally higher at 73,895.

Sensex gained 17.39 points to close at 73,895.54, while the Nifty 50 settled 33.15 points, or 0.15%, lower at 22,442.70. Nifty 50 formed a small negative candle on the daily chart beside the long bear candle of previous session. Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Japan Services PMI to oil prices “This chart pattern indicates sell on rise opportunity amidst range bound action.

Sensex gained 17.39 points, or 0.02%, to close at 73,895.54, while the Nifty 50 settled 33.15 points, or 0.15%, lower at 22,442.70. “The surge in India VIX by over 70% in the last eight trading sessions from around 10 to its 52-week high near 17 level, indicating increasing nervousness among investors due to the ongoing global uncertainties and Lok Sabha election outcome next month. Hence, markets are likely to remain in a broader range with stock-specific action in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

South Korea’s Bithumb crypto exchange may re-appoint its CEO Lee Jae-won, as the trading platform seeks to complete its planned IPO.

Equity markets witnessed a gradual decline after opening higher on Monday amid high volatility. Analysts said the surge in India VIX by over 70% in the last eight trading sessions from around 10 to its 52-week high near 17 level indicates increasing nervousness among investors due to the ongoing global uncertainties and Lok Sabha election outcome next month. «Hence, markets are likely to remain in a broader range with stock-specific action in the near term,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

PB Fintech, Dr Reddy's, HPCL, Godrej Consumer, LTIMindtree among others will be in focus due to various news developments and quarterly earnings. PB Fintech, Dr Reddy's Shares of PB Fintech and Dr Reddy's will be in focus in today's trade as the companies will announce their quarterly results.

Analysts at most top brokerages reduced or retained share price targets on Kotak Mahindra Bank after the company reported strong March quarter results. The stock jumped 5.02% to close at ₹1,624.4, emerging as the top gainer on the Sensex and Nifty on Monday. Analysts said despite the short-term challenges, the bank's valuations are attractive compared to its peers given its sector-leading metrics on key parameters. Regulatory relief and top management stability will be key catalysts in the near term.

The US Securities and Exchange Commission warned Robinhood Markets Inc. that it faces an enforcement action over its crypto business — the latest sign that the regulator isn’t letting up on its years-long crackdown on digital assets.

Hordes of investors flew into Omaha, Nebraska this past weekend, as opposed to their more regular practice of flying over it. The reason, of course, was to attend the annual Berkshire Hathaway shareholders meeting, or what is often referred to as “Woodstock for capitalists.”