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Bitcoin hovers near the $63,000 mark as weaker ETF demand and cancelled SEC meeting dampen the crypto market sentiment. The cryptocurrency was trading near the $63,086 mark. In the past 24 hours, Bitcoin and Ethereum were down 0.7% and 0.3% respectively. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Cardano fell upto 1.1%. The…
The Indian stock market closed in the red on Friday, with Sensex and Nifty recording slight losses even as oil prices stabilised around $87 per barrel Sensex fell around 71 points to close at 78,009, while Nifty 50 lost 30 points to end the session at 24,366. Broader markets slipped into the deep red, with…
After a sharp correction in the first half of 2026, Indian equities are showing signs of stabilisation, with improving earnings, resilient domestic flows and more reasonable valuations providing a stronger fundamental backdrop. Sachin Bajaj, Executive Vice President and Chief Investment Officer at Axis Max Life, believes the market is entering a more favourable phase as…
India’s primary market, which has already seen 42 mainline companies raise Rs 54,378 crore through initial public offerings (IPOs), is set for another busy week, with five companies scheduled to launch their public issues between August 17 and August 21, seeking to raise a combined Rs 5,499.32 crore. Among them, Horizon Industrial Parks alone accounts…
Debt mutual funds attracted Rs 1.87 lakh crore in July, reversing June-quarter outflows. Liquid, overnight and money market funds led inflows, while longer-duration categories saw redemptions. Experts said flows reflected seasonal treasury movements and continued preference for liquidity.
India-focused offshore funds and ETFs delivered returns of up to 32.7% over three months, outperforming the MSCI India USD Index, which fell 12%. Taishin India led gains, followed by Aditya BSL, SBI Resurgent India Opportunities, AsahiLife Neuberger and Wasatch.
Mutual funds increased holdings in 10 leading Indian companies during the June quarter, with ICICI Bank and HDFC Bank seeing the largest value additions. All 10 stocks gained, led by Adani Enterprises, InterGlobe Aviation and Bajaj Finance during the quarter.
Mutual funds stepped up buying in five small-cap stocks during July, led by IDBI Bank, Pine Labs and Force Motors. Godawari Power and KFin Technologies also attracted fresh buying, according to Motilal Oswal Financial Services data.
The Indian stock market remained under pressure during the week, with the Nifty slipping about 1% and testing crucial support levels amid weakening momentum. While the broader trend remains positive, Rupak De, Senior Technical Analyst at LKP Securities, believes a decisive break below 24,000 could push the benchmark into a short-term bearish phase. For the…
Gold advanced on Friday and was headed for a weekly gain, buoyed by a weaker dollar after in-line U.S. inflation readings this week tipped the scales in favor of an interest rate hold by the Federal Reserve next month. Spot gold was up 0.7% at $4,379.95 per ounce by 1:40 p.m. EDT (1740 GMT). Prices…