Trade Financial News

Federal Reserve’s policy meeting outcome due on Wednesday. The MCX April gold futures were trading at Rs 65,352 per 10 grams, down Rs 190 or 0.29% while the May Silver contracts were trading at Rs 75,356 per kg around 9:10 am, lower by Rs 294 or 0.39%. Track prices here

This is an AI-generated live blog and has not been edited by LiveMint staff. The NIFTY PSE at (1.03%), NIFTY Energy at (0.59%) & NIFTY PSU Bank at (0.53%) are currently the top performing sectors among the Sectoral Indices. While NIFTY IT at (-0.25%), NIFTY FMCG at (-0.25%), NIFTY MNC at (-0.22%) are currently the low performing sectors The Nifty 50 opened at 22023.35 (0%) , 0 points higher than the previous closing.

BSE SmallCap index up 0.70%, and the BSE MidCap index up 0.45%. Sensex Today Live : Mahindra & Mahindra, Tata Steel, Tata Motors, HCL Tech, and Apollo Hospital Enterprises, were the top gainers on the Nifty 50, while Adani Enterprises, Adani Ports & SEX, Eicher Motors, Power Grid Corp., and Grasim Industries, were the top losers.

Investing.com-- Most Asian stocks were on Monday as caution prevailed before a barrage of key central bank meetings this week, most notably from the Federal Reserve and the Bank of Japan. 

Investing.com-- Most Asian currencies kept to a tight range on Monday, while the dollar steadied near two-week highs as focus turned squarely to a swathe of central bank meetings helmed by the Bank of Japan and Federal Reserve. 

Bitcoin hitting all time highs and boasting a staggering 12-month return of 200% has made headlines all around the world. Has any other asset outperformed Bitcoin during the same time? Ladies and Gentlemen, let me present to you MicroStrategy (MSTR); its price has skyrocketed with a remarkable 12-month return of 600%. The financial world stands in awe of its CEO Michael Saylor and his audacious strategy, which is now heralded as «The Trade of the Century.» on crypto Twitter. So who is Michael Saylor? Born on February 4, 1965, Saylor rose to prominence as an American entrepreneur and business executive. Co-founder and executive chairman of MicroStrategy, a leading provider of business intelligence, mobile software, and cloud-based services, Saylor's entrepreneurial journey has been marked by both triumphs and setbacks. In the late 1990s, Saylor emerged as one of the poster boys of the Internet bubble, amassing immense wealth thanks to his stake in MicroStrategy. However, the dot-com bust and some questionable accounting practices led to a restatement of financial results, causing Saylor to fall from the billionaire ranks and fade from public memory.

Investing.com-- Oil prices moved little in Asian trade on Monday after a strong run-up over the past week, with traders now hunkering down before a string of key central bank meetings this week helmed by the Federal Reserve.

By Colleen Howe

Investing.com-- U.S. stock index futures moved little in evening deals on Sunday, with caution ahead of a Federal Reserve meeting dissuading big trades, while AI darling Nvidia Corp 's annual developer conference also came into focus.

ITC Ltd.'s investors have been a worried lot this year. The company's stock has fallen a little over 9% since the year began, which is substantially higher than the 5% drop witnessed by the sectoral index Nifty FMCG in the same period. This weakness in the company's stock comes after it had consecutively outperformed the sectoral index in the previous two calendar years.

Read here: Week Ahead: US Fed Policy, FPI inflows, crude oil prices, global cues among key market triggers this week Meanwhile, escalating global geopolitical risks can weigh on market sentiment after Ukraine attacked Russian oil refineries over the weekend, with drone strikes hitting multiple plants, some of them deep within the country’s territory. On Friday, the Indian stock market indices closed with significant losses as investors resorted to profit-taking as sentiment remained cautious amid persistent concerns over stretched valuations and froth in certain segments of the market. The Sensex slipped 453.85 points, or 0.62%, to close at 72,643.43, while the Nifty 50 ended 123.30 points, or 0.56%, lower at 22,023.35.

Also Read: Indian stock market: 10 key things that changed for market over weekend - Gift Nifty, US factory output to oil prices On the weekly chart, Nifty 50 formed a long bear candle, which indicates the formation of a bearish engulfing type candle pattern. “Nifty as per the weekly chart placed at the edge of moving below the strong support of 20-week EMA around 21,915 levels. This is not a good sign.

Bitcoin and gold are zooming, which is not new, because the things people trade in go up and down. These two asset classes don’t interest me, and from time to time, I marvel why people invest in these. Is the current bull run in the two more or less the same? The answer is, mostly, yes. However, I’ll point out something that is different. Gold and Bitcoin are both useless asset classes that produce nothing. In origin and nature, these couldn’t be more different. Gold is the simplest form of wealth to understand; if it’s physical gold, it’s worth something. It has been used as a store of wealth and currency for millennia. Bitcoin is quite the opposite. In physical sense, it does not exist; it is entirely a technological construct. Fifteen years after its invention, relatively few people understand what it is and why it’s worth anything. I don’t know how many people genuinely understand what a blockchain, token, or NFT is, or what a crypto transaction actually does. Yet, in global finance, both are functionally the same. They are both functioning as currencies that are being used as havens from the rain of US dollars, which has now become a flood. Despite their fundamental differences, convergence in their function as safe havens reveals a broader narrative about diversifying assets in times of economic uncertainty. The deluge of US dollars can potentially safeguard their wealth against inflation and devaluation. At least, that’s the theory.

Yodha Box Office Collection Day 3: Bollywood movie “Yodha" witnessed a significant spike in collection on Sunday, March 17, as it managed to rake in mints of ₹7 crore net on its third day in theatres. According to film industry tracker Sacnilk.com estimates, the film raked in ₹16.85 crore net in India during its three-day run in theatres. Moreover, the film registered an overall 23.29% occupancy in Hindi theatres on Sunday.

₹11.1 trillion for FY25 in the interim budget in February. Virmani said expectations of growth beating estimates this year was really the capital expenditure multiplier of the budget working through the system, which will continue over the years and get better. Building infrastructure is helping not just the GDP growth, but has also added more employment for construction workers, he said.

By Wayne Cole

Dividend paying stock: Shares of Oil India Ltd, Tierra Agrotech Ltd, and Tine Agro Ltd will be in focus when the stock market opens on March 18 (Monday). The Board of Directors of the 3 companies have declared interim dividend, rights issue, bonus issue, and stock split for their eligible shareholders. The record date by the 3 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on March 18.

Indian stock market today: A total of 11 stocks have been banned for trade on Monday, March 18, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Layers-2s were hailed as the revolutionary breakthrough to upgrade Ethereum ($ETH) scalability and propel crypto’s dominant smart contract platform into the new era. But are layers 2s killing the $ETH rally? More and more questions about capital fragmentation and liquidity siloing are dampening the $ETH rally.

The excitement around a newly launched aggregated layer on Polygon (MATIC) could boost its performance. Fantom has also soared after changing its staking requirements.

Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Procter & Gamble, Dollar General (NYSE:DG), UiPath (NYSE:PATH) and Thor Industries (NYSE:THO); downgrade for Tesla (NASDAQ:TSLA)