Trends Financial News

Stock market today: After showing a sideways movement (a term used to describe a market that is neither trending up nor down) with a weak bias (a slight inclination towards a particular direction) on Monday, the Indian stock market slipped into the weakness zone (a period of declining prices) with range-bound action (a situation where the price of a security trades in a narrow band) and ended lower on Tuesday. The Nifty 50 index dipped 140 points and closed at the 22,302 mark, the BSE Sensex corrected 383 points and closed at the 73,511 level, while the Bank Nifty index lost 609 points and finished at the 48,285 mark.

NEW DELHI : India's small cities and towns, once emblematic of neglected infrastructure and stagnant lifestyles, are now hotspots of rising consumption—a pattern not gone unnoticed by India’s hospitality sector. Demand for hotels and resorts in small cities and towns, especially those categorized as tier 3 and 4, is climbing at an unprecedented rate. Cities such as Mhow, Silvassa and Rewa, which offer attractive investment opportunities at lower land acquisition and operational costs, are emerging as compelling destinations for a good number of hospitality companies.

The Visa Onchain Analytics Dashboard is designed to be an easily-digestible, freely-available window into publicly-available aggregated blockchain data, beginning with stablecoins. From information on active users, to volumes by coin and blockchain, to transaction sizes and an evolving set of metrics, the dashboard looks to provide clear insights into stablecoin activity. Explaining the value of the resource, Visa head of crypto, Cuy Sheffield cites a chart that has been making the rounds on social media showing the volume that some of the world’s major settlement networks process annually, in billions of dollars, and comparing those to annual stablecoin volumes. The chart shows stablecoin volumes overtaking Bitcoin, PayPal and "remittances" - and fast approaching Visa.

ICICI Securities in a note. According to Anand James, Chief Market Strategist, Geojit Financial Services, the volatility index VIX needs to sustain above 16 to elucidate higher fluctuations in option premiums.

Godzilla Minus One" is available for OTT streaming and Blu-ray version in Japan. However, the question continues to remain when will the Oscars 2024 movie be released for online viewing in the US and other international markets.

The headline figures for the asset management industry in 2023 look good – AUM growth of 16% in North America and a global 12% rise to almost $120 trillion following 2022’s 9% decrease.

pattern with a minor lower shadow on the daily chart and found support around the 50-day exponential moving average at 22,240 levels. The lower tops and bottoms on the daily chart are intact and the present weakness could be in line with the new higher bottom formation of the pattern. The higher bottom reversal needs to be confirmed with an upside bounce from the lows. Immediate resistance is at 22400 levels and the next lower levels to be watched are around 22100-22000, Nagaraj Shetti of HDFC Securities said.

Rahul Singh, CIO-Equities at Tata Asset Management, believes the Indian market has inherent strengths that could sustain gains and hence, investors should look beyond immediate triggers. In an interview with Mint, Singh also shared his views on FII and DII trends and different sectors. India’s GDP growth rate has gone past China’s after many decades.

Rexio is another dog-based meme token that has entered the meme coin arena. This meme coin, however, has decided to make its mark early, concluding the first stage of its presale ahead of schedule. 

Indian automotive sector, Tata's 'mini SUV' Punch has taken the lead as the best-selling model in the nation, surpassing some of Maruti's well-known models such as WagonR, Swift, and Brezza, TOI said in a report on Tuesday.

stock market full of speculations around the implications of a low voter turnout in all the first three phases of the ongoing Lok Sabha election, Nifty today fell below its 50-DMA. In the last three days, Sensex has lost over 1,000 points while the combined market capitalisation of all BSE-listed stocks has fallen by Rs 11 lakh crore. Dalal Street has been defying cues from Wall Street as the Dow Jones has been trending up for four consecutive trading sessions, but Nifty has turned highly volatile and apprehensive amid selling by FIIs.

Knight Frank India's latest report, 'Think India Think Retail 2024', sheds light on the growing phenomenon of ghost shopping malls across major Indian cities. The report indicates a significant increase in the number of such malls, which are defined by a vacancy rate exceeding 40%. According to the report, the number of ghost shopping malls rose from 57 in 2022 to 64 in 2023, reflecting a concerning trend in the retail sector.

Bitcoin failed to continue its upward trend despite multiple supporting factors such as a bearish US dollar and a dovish stance from the Federal Reserve. It lost some of its gains, dropping to around 63,400 and hitting an intraday low of 62,961.

urban consumption for packaged consumer goods in the January-March ’24 quarter for the first time in five quarters, consumer intelligence firm NielsenIQ (NIQ) said in its quarter sector update on Tuesday. While urban demand declined sequentially at 5.7% in the quarter, rural markets, which are crucial for overall FMCG growth, grew at 7.6%.

Tata Elxsi Ltd. traded 0.51 per cent down at Rs 7051.25 on Tuesday at around 12:27PM (IST), while the benchmark BSE Sensex declined 427.29 points to 73468.25. As many as 7,207 shares changed hands on the counter with a total value of Rs 5.08 crore.

Mint's request for a comment on the story. With geopolitical and policy uncertainties influencing partnership strategies, Indian companies are opting for technology transfers from China instead of establishing joint ventures.

April has been up and down and investors are struggling to keep up. Volatility in the market is on a high and this can prevent investors from making any reasonable decisions. Factors that influence a decision for investors can quickly change and investors have to start the process all over again. 

In a wide-ranging interview on Cavuto: Coast to Coast, The Corcoran Group founder and Shark Tank star Barbara Corcoran addresses market trends and challenges in real estate.

Mint takes a look at one of the most important price signals of the global financial market: The US dollar, the world’s de facto reserve currency, has been gaining strength since the beginning of this year. A currency is considered “strong" when it rises in value against other currencies in the global foreign exchange market. The ICE US Dollar Index, which measures the greenback against a basket of six major currencies, is up around 4% in 2024 so far, though it is still some distance away from the levels witnessed in the early 2000s.

The Nifty 50 closed 0.15% lower at 22442.70 points. However, the 30-member S&P BSE Sensex edged 0.02% higher to 73,895.54 as the drop in state-run banks was offset by gains in IT stocks and Kotak Mahindra Bank.

iPhone models, with the iPhone 15, iPhone 15 Pro, and iPhone 14 coming in second, third, and fourth, respectively. Samsung's Galaxy S24 Ultra took the fifth spot, while the Galaxy A15 5G and A54 secured sixth and seventh. Moreover, the report also highlighted that the iPhone 15 Plus secured the eighth position, whereas the Galaxy S24 and A34 rounded out the top 10.