GBTC – which in January received approval to convert from a trust to an ETF – currently has higher fees than its peers, one of the key factors in drawing investors to rival ETFs, Reuters has reported.
Taking Stock: Nifty ends flat, Sensex up 165 points amid volatility ahead of US inflation data
On the sectoral front, except IT all other indices ended in the red with realty index down nearly 3.5 percent, PSU Bank and Media indices down 2 percent each, while capital goods, FMCG, healthcare, metal and power indices fell 1 percent each.Sensex, Nifty volatile as investors await US inflation print; largecaps to support bullish tone ahead
Going ahead, analysts see stage set for Nifty to head towards 23,000 as sectoral rotation plays out, favouring largecaps over small-and midcapsNifty struggles to hold on to gains, PSU selloff dents broader market sentiment
Within broader markets, PSU stocks and the real estate pack is under selling pressure, while Tata group stocks are extending the fall in today#39;s session.Asian stocks rise ahead of US CPI; yen perks up on BOJ chatter
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.20% higher, just shy of the seven-month high it touched on Friday. China stocks rose, with Hong Kong’s Hang Seng Index up 0.75% led by tech stocks, while the blue-chip CSI300 index 0.13% higher.
BoE’s Mann: long way for inflation pressures to be consistent with 2% target
Mann made the remarks at an event organised by hedge fund Citadel, consultancy CEPR and the International Center for Monetary and Banking Studies.
China Vanke’s Hong Kong shares open 1% lower after Moody’s starts ratings review
Moody’s said on Monday it withdrew Vanke’s ‘Baa3’ rating which is the lowest of Moody’s investment grade ratings.
Taking Stock: Nifty below 22,350, Sensex down 617 points; all sectors in the red
The BSE mid-cap index shed 0.2 percent and small-cap index fell 2 percent.Banking stocks pull market down; analysts see Nifty heading to 23,000 soon
Analysts say the market will continue to scale new highs amid hopes of short covering in index futures by foreign and domestic investorsMid-day Mood | Sensex, Nifty 50 extend losses; US, India CPI data awaited
Indices extended losses weighed by financial services, IT, and automobile stocks. Iinvestors also turned cautious ahead of domestic and US inflation reports due on March 12.