September 2024
Petrochemical Stocks Under Pressure as Oil Prices Fall
Indian oil marketing companies’ stocks rose on Wednesday as a result of the fall in the global crude oil prices while petrochemical stocks came under selling pressure on margin squeeze fear. The OMC stocks were up with Indian Oil Corporation up by 3-5 percent, BPCL and HPCL were also up by 3-5 percent. The optimism […]
Nifty Hits New All-Time High Before Retreating as Investors Eye Fed Decision
The Indian stock market had a highly unpredictable session on Wednesday as Nifty 50 index rose to a new record high and then lost those gains as investors are waiting for the outcome of the U. S. Federal Reserve policy meeting. The Nifty rose to a record level of 25,482 points in early trade but […]
Crypto Market Trading Sentiment Remains Cautious Ahead of US Inflation Data
The cryptocurrency market showed a reserved behavior on Monday as traders and investors prepared for the inflation rate figures in the United States later in the day. Bitcoin, the largest digital currency by market value fell marginally to $56,706 as per the trading at 1:30 PM IST which depicted a 0. 9% decrease within the […]
Bitcoin Holds Steady Near $58,000 as Altcoins Show Mixed Performance
The cryptocurrency market displayed mixed signals on Friday, with Bitcoin maintaining its position near the $58,000 mark while various altcoins experienced divergent price movements. As of 1:07 PM IST, Bitcoin was trading at $57,939, showing a slight decline of 2% over the past 24 hours. The leading cryptocurrency has been consolidating in the $57,000 to […]
Bitcoin Holds Steady Near $58,000 as Altcoins Show Mixed Performance
The cryptocurrency market displayed mixed signals on Friday, with Bitcoin maintaining its position near the $58,000 mark while various altcoins experienced divergent price movements. As of 2:00 PM EST, Bitcoin was trading at $57,945, showing a slight decline of 0.5% over the past 24 hours. The leading cryptocurrency has been consolidating in the $57,000 to […]
Global Markets Rally as Tech Stocks Surge and Inflation Concerns Ease
World equity markets advanced on Thursday with major benchmarks closing at record highs boosted by information technology shares and calming inflation fears. S&P 500 and Nasdaq Composite both rose to record highs due to the good show by technology shares and upbeat economic indicators. The S&P 500 was up 1% in the United States. 2% […]
NFT Market Rebounds as Blue-Chip Collections See Renewed Interest
NFT market is currently showing signs of a strong recovery with many blue-chip collections experiencing a rise in trading volume and floor prices. This renewed interest in digital collectibles comes after a period of relative stagnation, which opens up new questions about the future of NFTs as both art and investments. At the forefront of […]
Layer 2 Solutions See Surge in Activity as Ethereum Gas Fees Rise
The usage and adoption of Ethereum’s Layer 2 scaling solutions are currently on the rise as gas fees on the Ethereum mainnet continue to soar. This has been due to the fact that more and more users and developers are in search of better and cheaper ways of carrying out transactions and smart contract interactions […]
New highs for Decentralized Finance (DeFi) Tokens
The DeFi sector is currently seeing a major resurgence, with a number of leading DeFi tokens having outperformed the broader cryptocurrency market in the last few days. This has resulted in an increase in the total value locked (TVL) across various DeFi protocols and platforms, which have hit new all-time highs and reflect investors’ renewed […]