Sensex Today | Stock Market Live Updates: Sensex jumps 350 points, Nifty above 19,750; Cochin Shipya
Crypto Price Today: Bitcoin rises above $26,200; Ethereum holds above $1,600 level
The crypto tokens were trading higher in Friday’s trade. Bitcoin (BTC) rose 1.9% to $26,259, whereas Ethereum (ETH) was just below the 1,650 level.
Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.32% in the last 24 hours.
Other top crypto tokens were also trading higher on Friday. Solana, Polkadot, and Litecoin surged over 1%.
Share Market Live Updates: Dollar charges toward longest weekly winning streak since 2014
The dollar was headed for its longest weekly winning streak in nine years on Friday, bolstered by a resilient run of U.S. economic data that has also put the end of the Federal Reserve’s aggressive rate-increase cycle into question.
In Asia, China’s yuan plumbed new lows in both the onshore and offshore markets, as it battles capital outflow pressures and a widening yield gap with major economies.
Zepto elevates Ankit Agarwal to Chief Product Officer
Quick-commerce and logistics company Zepto has elevated Ankit Agarwal, the Special Vice President (SVP) for Product, to the position of Chief Product Officer, the company said on Friday. Agarwal joined Zepto in August 2022, and has worked with companies like Adobe, Flipkart, Delhivery.
Agarwal said his focus will be on building a product team that makes the “most customer-obsessed choices, and at the same time operates with very high financial discipline.”
Sensex Today | Stock Market Live Updates: As the world comes to India for G20 summit, here are D-Street’s top P20 stocks for your portfolio
As leaders of the world’s largest economies gather in New Delhi this week for the G20 Summit, a global consensus is emerging among investors recognising the potential of India’s economic and industrial prowess, making several sectors attractive to global investors.
We reached out to money managers to filter out P20 (20 portfolio) stocks as the India growth story, which is the best among large economies, is getting wider attention and appreciation with the G20 presidency.
Morning view by Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Sustained DII investment supported by strong retail buying is driving the market higher in spite of FII selling. In September,so far, FIIs have sold in the cash market for Rs 8608 crores and DIIs have bought for Rs 5715 crores. In spite of this net institutional selling Nifty is up by 434 points for the month so far.
This, and the hyper activity in the mid-and small-cap segments, point to the active participation of retail investors in the rally. Also, the ‘buy on dips’ strategy is working well for traders. This market construct has the potential to take the rally to near the Nifty record high of 19991. Frontline banking and IT stocks assisted by L&T and RIL have the potential to sustain the rally in the near-term. Bubble building up in segments of small-caps is an area of concern.
Stock Markets Live Updates: Asian stocks stumble as ‘dollar juggernaut’ on a roll
Asia’s stockmarkets dipped on Friday, with tech shares tumbling on deepening Sino-U.S. tensions, while the dollar was set to seal its longest winning streak in nine years as investors braced for U.S. interest rates to stay higher for longer.
Markets Live Updates: Buoyant dollar on course for its longest weekly winning streak since 2014
The dollar was headed for its longest weekly winning streak in nine years on Friday, bolstered by a resilient run of U.S. economic data that has also put the end of the Federal Reserve’s rate-hike cycle into question.
Markets Live Updates: Gold set for weekly dip with resilient US economy in focus
Gold prices firmed on Friday but were set for a weekly decline as the dollar and Treasury yields held firm with strong U.S. economic data raising concerns of the Federal Reserve keeping interest rates higher for longer.
Markets Live Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded 15 points, or 0.08 per cent, higher at 19,782.50, signaling that Dalal Street was headed for positive start on Friday.
Tech View: Bull calls of Nifty @ 20,000 getting louder
Nifty today surpassed the immediate resistance of 19650 levels to close 116 points higher and formed a long bull candle on the daily chart.The overall chart pattern is indicating a larger upside breakout of broader consolidation/triangle pattern of the last 5 weeks and this is opening a potential upside target for Nifty around 20,000-20200 levels over the next couple of weeks, said Nagaraj Shetti of HDFC Securities.
Rupee hits all-time low of 83.23 against US dollar
The rupee depreciated for the fourth straight day to settle 10 paise lower at its lifetime low of 83.23 against the US dollar on Thursday amid a firm American currency and foreign capital outflows.
Markets Live Updates: Tokyo shares open lower
Tokyo stocks opened lower on Friday as US tech shares tumbled, led by Apple on the back of worries over China.The benchmark Nikkei 225 index lost 0.57 percent, or 187.69 points, at 32,803.39 in early trade, while the broader Topix index lost 0.35 percent, or 8.28 points, at 2,373.67.
S&P, Nasdaq fall as Apple drags, jobless claims data fuels rate jitters
The S&P 500 and Nasdaq fell on Thursday, with the biggest drag from Apple and a sell-off in chip stocks over concerns about China’s iPhone curbs, while a fall in weekly U.S. jobless claims fed worries about interest rates and sticky inflation.
Markets Live Updates: Oil prices ease on demand concerns, still headed for weekly gain
Oil prices fell for a second session on Friday, weighed down by lingering concerns over slower global demand, but were still headed for a second consecutive weekly gain amid expectations of tightening supplies.
Sensex, Nifty on Thursday
The 30-share BSE benchmark Sensex advanced 385 points or 0.58% to settle at 66,265. The broader NSE Nifty surged 116 points or 0.59% to end at 19,727.
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