Total short interest, or the amount that contrarian traders have pledged against crypto stocks, has increased to nearly $11 billion this year, according to a report from S3 Partners LLC on Monday. More than 80% of total short interest in the sector are bets against MicroStrategy Inc. and Coinbase Global Inc.
Gold prices hold ground as investors seek more Fed cues
Spot gold was steady at $2,178.31 per ounce, as of 0125 GMT, following two session on gains. * U.S. gold futures edged 0.1% lower to $2,173.70 per ounce.
Oil prices fall for a second day as US crude inventories increase
Brent crude futures for May dropped 69 cents, or 0.8%, to $85.56 a barrel at 0150 GMT. The May contract is set to to expire on Thursday and the more actively traded June contract declined 60 cents, or 0.7%, at $85.03.
Taking Stock: Markets snap 3-day rise; Sensex down 362 pts, Nifty falls 92 pts, mid-caps outperform
The broader indices outperformed the main indices with BSE Midcap index rising 0.7 percent and Smallcap index closed flat.Sensex, Nifty snap 3-day winning run; volatility up ahead of FO expiry, end of FY24
Analysts expect markets to remain sideways in the holiday-truncated week as the financial year 2023-24 winds downCorrections are an essential part of stock market, says Raamdeo Agrawal
Over the next five-seven years, investment in the stock market and fixed deposits will almost be equal. India is in the middle of a huge savings allocation change, the Motilal Oswal Group chairman saysBig movers on D-Street: What should investors do with Infosys, Wipro and IREDA?
Stocks that were in focus include names like IREDA, which rose 5%, Infosys, which declined 3%, and Wipro, whose shares fell 2.5% on Friday.
Pallavi Shroff not to seek renewal of term as director on Asian Paints board
In a stock exchange disclosure, Asian Paints Saturday said Shroff has informed the board of directors she will not be able to continue for a second term of appointment as an independent director of the company on account of several new projects her firm has undertaken, projects that demand greater professional and time commitments.
Dollar dips, yen draws support from Tokyo’s jawboning
“The Fed Chair has tried to push the market away from aggressive interest rate expectations at the start of this year and he’s always been maintaining the idea that it was going to be a bumpy path,” said Tony Sycamore, a market analyst at IG.
ETMarkets Smart Talk: After a blockbuster FY24, watch out for rupee depreciation and monsoon in FY25: Dr Poonam Tandon
Dr. Poonam Tandon provides insights on market volatility, SEBI’s valuation concerns, election-driven spending, and the semiconductor industry’s growth potential. Investors should focus on quality companies and monitor geopolitical risks for FY25 investments. Dr Tanson says: “Given the sharp rally in the broader markets and frothy valuations in a few pockets, our current stance is conservative.”