Wellness Financial News

Small investors have started to ease back into crypto, even if they’re not yet rushing in headfirst the way they did during the last bull market three years ago.

Modi government schemes. “After the electoral bonds scam, the Supreme Court has stopped another set of blatantly illegal and disastrous Modi government schemes." Jairam wrote on micro-blogging site X. Jairam Ramesh, who was also the former environment minister, also tagged a media report on the Supreme Court directing that the dictionary meaning of "forest" be applied.

Anil Masih, being the returning officer, was entitled to sign. “There is a small dot if it is seen clearly…what he has done is...in one of them there is a small dot…some are folded from the top. He has, by virtue of that line tick, identified for disqualification.

Vishal Malkan, Malkansview.com, says that in case of HDFC Bank, “the intermediate low has been made at around Rs 1,380 and we can look at rallies back to Rs 1,485 to 1,500 in the next few trading sessions. It could be a good trading call. Again, from a long-term perspective, it has to cross many hurdles before it gets into that bullish mode on the monthly chart. But at least for the daily chart, we can have a good swing trade up to 1500.” What levels to watch out for in Bank Nifty? A grudging move in HDFC Bank seems to be taking the Bank Nifty higher? Vishal Malkan: Yes, Bank Nifty was struggling with 47,000 since the last few weeks. We have seen that it has not been able to cross that. Today, it looks quite positive… Once it closes above that 47,100 mark, we can easily look at another 600 to 700 points which could be a couple of days’ play for Bank Nifty.

Investing.com — European stock markets traded in a mixed fashion Tuesday, as investors digested a bigger-than-expected cut in China’s benchmark lending rate amid persistent concerns of slowing growth, while Barclays soared after announcing a strategic overhaul. 

US dollar's 2024 uptrend has shown signs of slowing down recently despite the US CPI and PPI data coming in higher-than-expected last week.

Parag Parikh Dynamic Asset Allocation Fund, an open-ended dynamic asset allocation fund. The new fund offer or NFO of the scheme is open for subscription and it will close on February 22. The scheme will re-open for continuous sale and repurchase on February 28. The investment objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, and fixed-income instruments. The allocation between equity instruments and fixed income will be managed dynamically to provide investors with long-term capital appreciation while managing downside risk.

Congress and Samajwadi Party in UP for the general elections have hit a wall, casting a serious shadow on the future of the alliance. Congress general secretary in charge of organisation KC Venugopal however told media separately that discussions are going on and talks will be finalised at any point of time now. Talks had been going on between the two INDIA bloc members for over a month. A day ago, Akhilesh Yadav said he will join Rahul Gandhi's Nyaya Yatra in Raebareli, scheduled for Tuesday, only once the talks were finalised, triggering hectic parlays between the two parties all of Monday, that went on till late night.

what should be your trading strategy in this record-high environment? How should your portfolio look like? Here's what experts said: Tanvi Kanchan, Head – UAE Business & Strategy, Anand Rathi Shares and Stock Brokers For investors looking at the long-term perspective, short-term volatility can be used to increase exposure in sectors that are lower than long-term averages, as well as increasing large-cap exposure in the portfolio. An allocation between equity and debt as per tenor and risk profile can be maintained in the range of 60% - 70% in equity and balance in debt for an aggressive investor. Investors would do well to keep rebalancing their asset allocation and equity portfolio to realise profits from the equity portion (if it has overshot the allocated percent).

We work too fast and burn out. Or we procrastinate and get too little done, too late. Or we jump from task to task instead of focusing on one job and doing it well.

₹1,059.40 on January 23 this year and saw mild profit booking after that. On Tuesday, February 20, the stock rose about a per cent to hit its intraday high of ₹1,052.65; at this price, the stock is down about 0.6 per cent from its 52-week high level. ICICI Bank reported a 23.5 jump in their standalone net profit for Q3FY24, which stood at ₹10,272 crore from ₹8,312 during the same quarter last year.

cricket, Anil Kumble has highlighted an often-overlooked skill that the Mumbai batter has. The former India coach now wants Jaiswal to explore his leg-spin. "Well done on your batting.

NEW DELHI : Audio series platform Pocket FM will invest $40 million in its newly launched online reading service Pocket Novel to enhance its presence in the literary landscape and develop intellectual properties over the next year, said Rohan Nayak, co-founder and CEO, Pocket Novel. Similar to YouTube, Pocket Novel allows writers to upload novels and receive compensation in return. Though the focus currently is on novels in the Hindi language, the idea is to gradually expand to Tamil and Telugu, Nayak said in an interview.

Speaking to Bloomberg's UK Politics podcast, he said the BoE's credibility is under threat if it does not pivot on interest rates. Haldane, who was chief economist between 2014 and 2021 and is now CEO of the Royal Society of Arts, argued the UK is still «looking at best, at a year of anaemic growth», citing risks on the downside as well. UK enters technical recession as economy shrinks 0.3% in Q4 2023 He said there was a risk the BoE could worsen the UK's recession unless it started loosening its monetary policy, claiming that is where the «balance of risks lies». «For me, the c...

bull run is likely to continue for a long time to come since the structural growth of the Indian economy will continue, believes Abhishek Tiwari, executive director and Chief Business Officer of PGIM India Mutual Fund. In a telephonic interview with MintGenie, he also sheds light on the scope of growth that some good quality small and mid-cap stocks can offer. Mr Tiwari also says healthcare and pharma are likely to do well in the immediate future, while financial services – as a sector – is a ‘good buy’ for the medium to long term.

Creditors’ recovery from defaulters under the Insolvency and Bankruptcy Code (IBC) dropped to almost 26% of their admitted claims in the December quarter from 33% in the previous three months, showed the latest data compiled by the insolvency regulator. The realisation in the December quarter—Rs 4,281 crore from 79 firms—seems to have been hit by long delays in resolution. About two dozen of these rescued firms saw the resolution processes stretching beyond four years, well beyond the stipulated time frame of 270 days, suggesting erosion of the stressed asset value. The recovery, however, was 74.7% of the fair value of the stressed companies when they were admitted for resolution and 128.6% of the liquidation value of these companies, according to the Insolvency and Bankruptcy Board of India data.

Sanjiv Bhasin, Director, IIFL Securities, says, “private banks are now a much better space to grow rather than some of the PSUs. So, take some money off the PSUs. We are not saying totally exit but get into some of the quality largecap private banks including HDFC Bank. There will be a gradual incline and at a two-time price to book, HDFC Bank seems to be the largecap that can move. We are optimistic on all three – HDFC, ICICI and Kotak.” The Zee Entertainment stock continues to entertain. This morning again there are reports coming in which suggest that the merger talks are back on the table and probably we will hear more updates in the next 24 to 48 hours. What should one do as an investor or a trader? Sanjiv Bhasin: Lovely news being played out with both Paytm and Zee being contrarian. We hold both the stocks and we told you, you cannot get entertainment in India of the size of Zee at Rs 14,000 crore. I think there will be a huge breakthrough and if it does become an MNC, then God willing 350, 400, 500, anything is on the cards. All you have to do is go through this in the next 48 hours. I am very positive. Whatever the differences are, both the parties are sitting down. We will leave it up to that.

Rashtriya Janata Dal leader Tejashwi Yadav on Tuesday will embark on a whirlwind tour of Bihar, during which he is likely to cover all 38 districts of the state within a span of 11 days. Evocatively titled 'Jan Vishwas Yatra', a mass outreach programme aimed at winning «public trust», Yadav, who recently lost the deputy chief minister's post, will commence the tour from Muzaffarpur. He is scheduled to address two more public meetings, in Sitamarhi and Sheohar, before reaching Motihari, the town where East Champaran district is headquartered, for a night halt. On the eve of the commencement of the tour, Yadav went live on Facebook late on Monday evening when he called Chief Minister Nitish Kumar an «old-fashioned leader who would do well to give up his chair on his own».

cocoa market I was in Yamoussoukro, the colossal capital city of Ivory Coast. “The problem with cocoa is that’s a poor man’s crop,” explained my dining companion, a government official-turned-businessman. “Do you see any commercial plantation around here? No,” he said. “And do you know why? Because prices aren’t high enough.” Only because millions of West African farmers saw cocoa as their only way to escape abject poverty, the world had plentiful supply and low prices. As a result, you and I have been enjoying the pleasures of chocolate on the cheap for decades.

Houthi attacks on merchant shipping continue to disrupt international trade, driving more cargoes to Asia. Flows to the European Union and the UK plunged as higher freight costs stoked by the ongoing turmoil in the Red Sea, as well as unplanned refinery maintenance in Asia, made trade economics better for sending cargoes east rather than west.

Federal Bank shed 8 percent in intra-day deals on Tuesday as investors booked profit in the lender amid an overall weak market environment. Both Nifty Bank as well as Nifty also lost 0.2 percent in intra-day deals today. The stock fell as much as 7.9 percent to its intra-day low of ₹150.