On Tuesday, the oil prices jumped almost 4% as supply concerns eased and expectations of smoothly running operations boosted. The positive push came from the anticipation that the spread of the Omicron variant would not disrupt the global recovery. US WTI saw the biggest one-day percentage rise since November 2021. Brent crude rose above $83.70 …
Consecutive Outflows for Cryptocurrencies Since mid-December, the cryptocurrency sector has witnessed four consecutive weeks of record outflows. As a result, this sector reached a total outflow of around $465 million, with an asset under management of 0.8%. Bitcoin, which is the largest cryptocurrency in the world regarding market cap, posted an outflow of $107 million …
An Overview Oil prices rose slightly on Tuesday, as investors were concerned by the rapid spread of the Omicron pandemic type throughout the world, forcing nations to explore more restrictions that might reduce fuel consumption. By 0105 GMT, Brent oil prices had risen 9 cents, or 0.1 percent, to $71.61 a barrel, while WTI crude …
As the world has begun its vaccine rollout, and India follows suit, there seems to be some light at the end of a long year of Covid-19 infections and rising death tolls. Vaccines have certainly been a triumph of modern science but they have had other impacts as well. The markets have been responding well …
As the novel coronavirus grew into an official pandemic, the CDC advised that most people stay home to practice social distancing across all affected counties. Naturally, market moves were quite steep on Monday, March 9th. Here are all relevant updates regarding India’s benchmark indices, US Markets, Asian Markets, global commodities, and others in the two …
As trading commenced on Friday the 13th, the looming fears of the Coronavirus pandemic bundled with various other factors made the Nifty nosedive 10% to 8,624 and the Sensex crash by 9.4% to 29,687, resulting in a nation wide trading-halt for the first time in 12 years. What followed in line for the next few …
The day the markets peaked to the 50-k mark also saw a steep sell-off on the back of not just profit-booking by some investors but also reports of a fire at the Pune location of the Serum Institute of India (SII), the maker of the coronavirus vaccine, Covishield. BSE Sensex was down 167.36 points closing …
Overview The proposal to combine the 12 percent and 18 percent GST slabs into a single rate that will apply to most products is likely to be postponed, while the GST reimbursement cess on items like automobiles could be extended. The GST Council meeting on Friday is expected to address a number of concerns raised …
This 28th of February recorded one of the worst Indian stock market crashes within a single day wiping away approximately ₹5 crores in investor funds. This major drop was influenced by the global scare of the novel coronavirus, officially known as COVID-19, turning into a pandemic. There was a 3.5% drop in Indian indices which is …
It has been an extraordinary year so far. We have seen both, Sensex and Nifty, hitting new highs, which reverberates the power of long term equity investing. At the beginning of 2017, nobody could have guessed how the year would eventually turn out to be. The year 2017 was expected to reflect the effect of …
