Markets, money and investing, explained without the jargon.
Nifty and Bank Nifty closed strong, breaking recent downtrend channels. All indices were in the green, with Pharma, IT, Media, and PSU Bank gaining well.
The IMF reports Bitcoin's crash hasn't impacted global financial stability. Crypto prices see slight gains; NFT hacks cost $22M; VC funding hits $17.5B in H1 2022.
Key market updates: L&T, Wipro, Bajaj Auto, JSW Energy, South Indian Bank results. Nifty and Bank Nifty closed lower. Fed interest rate decision expected tonight.
CCI approves Axis Bank's acquisition of Citi's consumer business. Read about Q1 FY23 results for L&T, Bajaj Auto, Tata Power, Ujjivan SFB, Asian Paints, and other key market updates.
Nifty closed at 16,483, down 0.88%, with Nifty IT leading the decline. Bank Nifty also fell 0.87%. FIIs turned net sellers.
Coinbase faces an SEC probe over crypto listings. Bitcoin and Ethereum prices fall. Tether and Bitfinex launch Keet. TBIS CEO pleads guilty to fraud. Tesla records Bitcoin impairment.
Indian and global markets show mixed performance ahead of the Fed meeting. Tech Mahindra, Tata Steel report profit declines; Axis Bank sees significant jump.
Axis Bank's net profit surged 91% YoY in Q1 FY23. Get updates on L&T, Tech Mahindra, Tata Steel, IEX, and Macrotech Developers results, plus government energy targets.
Nifty closed down by 0.53% at 16,631, while Bank Nifty ended flat. Reliance Industries' poor Q1 results dragged the Nifty down. Tata Steel gained, Zomato hit a 52-week low.
Nifty fell 0.53% to 16,631, while Bank Nifty closed nearly flat. Reliance (-3.3%) was a top loser, impacting Nifty. Tata Steel gained, Zomato hit a 52-week low.
Explore India's vital AI industry, its top players like Tata Elxsi and Mphasis, and the forecasted market growth to $7.8 billion.
The US SEC is working to register crypto lending firms. Bitcoin, Ethereum prices, Yuga Labs lawsuit, and new Web3 initiatives are also covered.