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Economic Times
13 hours ago
- Business
- Economic Times
Stock market update: Nifty Realty index advances 2.11%
Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700. Synopsis The Nifty Realty index closed 2.11 per cent up at 1013.65. NEW DELHI: The Nifty Realty index closed on a positive note on Friday. ADVERTISEMENT Shares of Macrotech Developers Ltd.(up 4.06 per cent), Phoenix Mills Ltd.(up 3.18 per cent), Prestige Estates Projects Ltd.(up 2.29 per cent), Godrej Properties Ltd.(up 2.19 per cent) and DLF Ltd.(up 1.71 per cent) ended the day as top gainers in the pack. On the other hand, Sobha Ltd.(down 2.83 per cent) and Anant Raj Ltd.(down 0.61 per cent) finished as the top losers of the day. The Nifty Realty index closed 2.11 per cent up at 1013.65. Benchmark NSE Nifty50 index ended up 319.16 points at 25112.4, while the BSE Sensex stood up 1046.3 points at 82408.17. Among the 50 stocks in the Nifty index, 46 ended in the green, while 4 closed in the red. ADVERTISEMENT Shares of Vodafone Idea, RattanIndia Power, Vishal Mega Mart, Suzlon Energy and YES Bank were among the most traded shares on the NSE. Shares of Quality Power Electr, Prostarm Info System, Gallantt Metal, Gillanders Arbuthnot & Co and Indiabulls Enterprises hit their fresh 52-week highs in today's trade, while Navkar Builders, Sadhana Nitro, Lasa Supergenerics, Siemens Energy India and Chembond Chem hit their fresh 52-week lows. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
13 hours ago
- Business
- Economic Times
Stock market update: Nifty Bank index advances 1.22%
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps. Synopsis The Nifty Bank index closed 1.22 per cent up at 56252.85. NEW DELHI: The Nifty Bank index closed on a positive note on Friday. ADVERTISEMENT Shares of Canara Bank(up 2.23 per cent), Federal Bank Ltd.(up 1.77 per cent), HDFC Bank Ltd.(up 1.52 per cent), State Bank of India(up 1.41 per cent) and ICICI Bank Ltd.(up 1.12 per cent) ended the day as top gainers in the pack. On the other hand, finished as the top losers of the day. The Nifty Bank index closed 1.22 per cent up at 56252.85. Benchmark NSE Nifty50 index ended up 319.16 points at 25112.4, while the BSE Sensex stood up 1046.3 points at 82408.17. Among the 50 stocks in the Nifty index, 46 ended in the green, while 4 closed in the red. ADVERTISEMENT Shares of Vodafone Idea, RattanIndia Power, Vishal Mega Mart, Suzlon Energy and YES Bank were among the most traded shares on the NSE. Shares of Quality Power Electr, Prostarm Info System, Gallantt Metal, Gillanders Arbuthnot & Co and Indiabulls Enterprises hit their fresh 52-week highs in today's trade, while Navkar Builders, Sadhana Nitro, Lasa Supergenerics, Siemens Energy India and Chembond Chem hit their fresh 52-week lows. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
2 days ago
- Business
- Economic Times
Stablecoins' m-cap surges to a record $251 billion
If the US bill is signed into law, stablecoins would be required to be backed by liquid assets such as US dollars and short-term Treasury bills, and for issuers to publicly disclose the composition of their reserves on a monthly basis. Synopsis Stablecoins' market capitalization reached a record $251.7 billion following the US Senate's approval of a bill to regulate the sector. This legislation, requiring stablecoins to be backed by liquid assets and issuers to disclose reserves monthly, aims to legitimize the growing crypto segment. Analysts anticipate further market expansion upon the bill's enactment. The total market capitalization of stablecoins surged to a record high on Wednesday, data showed, as the US Senate passed a bill to regulate the sector, a major step towards legitimising a once-niche but now fast-growing corner of the crypto market. According to CoinDesk data, the market capitalisation of stablecoins hit an all-time high of $251.7 billion, up 22% so far this year. ADVERTISEMENT Stablecoins are a type of cryptocurrency designed to maintain a constant value, usually via a 1:1 peg with the US dollar. They are commonly used by crypto traders to move funds between tokens. Their use has soared in recent years, and analysts expect the market to grow further once the US legislation has passed. Proponents say stablecoins could be used to send payments instantly, while others worry they will lead to closer ties between the crypto world and traditional financial markets. If the US bill is signed into law, stablecoins would be required to be backed by liquid assets such as US dollars and short-term Treasury bills, and for issuers to publicly disclose the composition of their reserves on a monthly basis. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
4 days ago
- Business
- Economic Times
Stock market update: Nifty Pharma index falls 0.94% in a weak market
Stocks in focus: RIL, Tata Motors, Infosys, IIFL Securities, Apollo Hospitals, Punjab National Bank, NBCC and more.. Synopsis The Nifty Pharma index was trading 0.94 per cent down at 21831.4. NEW DELHI: The Nifty Pharma index traded negative around 10:20AM(IST)on Tuesday in a weak market. ADVERTISEMENT Gland Pharma Ltd.(up 0.92 per cent), Biocon Ltd.(up 0.91 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 0.25 per cent) and Torrent Pharmaceuticals Ltd.(up 0.01 per cent) were among the top gainers. Sun Pharmaceutical Industries Ltd.(down 1.95 per cent), Lupin Ltd.(down 1.78 per cent), Natco Pharma Ltd.(down 1.4 per cent), Aurobindo Pharma Ltd.(down 0.91 per cent) and Zydus Lifesciences Ltd.(down 0.9 per cent) were the top losers on the index. The Nifty Pharma index was down 0.94 per cent at 21831.4 at the time of writing this report. Benchmark NSE Nifty50 index was down 65.85 points at 24880.65, while the BSE Sensex was down 210.76 points at 81585.39. Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red. ADVERTISEMENT Shares of Vishal Mega Mart, Vodafone Idea, RattanIndia Power, JP Power and YES Bank were among the most traded shares on the NSE. Shares of Federal Mogul, Subros, Steel Strips, Niraj Ispat Ind. and AXISCADES Engg Tech hit their fresh 52-week highs in today's trade, while Navkar Builders, Sadhana Nitro, Bluspring Enterprises Ltd., Shyam Century Ferrous and Kesoram Inds. hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
5 days ago
- Business
- Economic Times
Bitcoin holds above $106k amid geopolitical jitters; Solana, Hyperliquid jump up to 7%
Bitcoin and other cryptocurrencies showed recovery on Monday. The crypto market capitalisation increased. Bitcoin traded higher at $106,273, and Ethereum also gained. Altcoins demonstrated strength. Bitcoin recovered after a dip, facing resistance at $106,750–$107,500. Ethereum bounced back, targeting $2,720–$2,880. Experts anticipate regulatory updates to influence market direction. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Solana 13,520.38 ( 6.5 %) Buy Ethereum 2,24,350 ( 2.16 %) Buy XRP 187.81 ( 0.92 %) Buy BNB 56,317 ( 0.59 %) Buy Bitcoin 91,69,563 ( 0.42 %) Buy Tired of too many ads? Remove Ads Bitcoin and other major cryptocurrencies traded higher on Monday morning, recovering from recent volatility triggered by geopolitical tensions . The overall crypto market capitalisation rose by 0.87% to $3.31 trillion, according to 10:32 am IST, Bitcoin was trading 0.63% higher at $106,273, while Ethereum gained 1.35% to $2,575. Altcoins also showed strength, with Solana surging 7.2%, Hyperliquid up 6.8%, and Cardano rising 1.5%. Other tokens like XRP, Sui, and Chainlink posted gains of 1%–2.3%."Bitcoin is trading above $105,800, eyeing a breakout past the $106,000 resistance," said Edul Patel, Co-founder and CEO of Mudrex. "Investor confidence increased with strong institutional inflows through ETFs and Michael Saylor hinting at another Bitcoin purchase despite geopolitical concerns."On-chain data reflected stable exchange netflows, indicating strong investor sentiment and no immediate intent to sell. Patel added that if BTC sustains above $106,000, a move toward $108,500 is likely, with support at $103, Shekhar, Co-founder and CEO of Pi42, noted that the market is showing resilience. 'Bitcoin is holding its ground above $105,000, even as global uncertainty lingers. Despite the recent shakeout that led to over $1.16 billion in liquidations, sentiment is recovering,' he said, pointing to technical signals like the golden cross and growing altcoin Read: How can anyone consider Bitcoin to be a digital version of gold, questions Peter Schiff Delta Exchange Research Analyst Riya Sehgal noted that Bitcoin has recovered after dipping to $103,200, now hovering near $106,200. Key resistance is seen at $106,750–$107,500, while support lies at $104,000. Ethereum also showed strength, bouncing from $2,441 to near $2,572, with upside targets at $2,720–$2,880 if it clears resistance at $2, highlighted strong ETF flows, including a $5.4 billion equity raise by Metaplanet aimed at acquiring 210,000 BTC. Meanwhile, Ethereum saw an ETF outflow of $2.1 million on June 13, ending a 19-day inflow streak, even as whales accumulated 1.49 million ETH over the past Markets Desk highlighted that Bitcoin remained in a tight range between $104,500–$106,300, supported by high-volume buying near $ from NYDIG described the current low-volatility phase as a 'summer lull' and expect upcoming catalysts like the SEC's GDLC decision and regulatory updates to influence Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
