Moneycontrol market sentiment survey

Share to Twitter Share to Linkedin Bitcoin prices have bounced back lately, climbing more than 20% in under 48 hours after approaching the $25,000 level. The digital currency, which is the largest when measured in terms of total market value, climbed to nearly $31,000 earlier today, CoinDesk figures show. At this point, it was up 21.9% from the price of $25,402.04 it reached early the day before, additional CoinDesk data reveals. While the digital currency did manage to recover some of the gains it has lost recently, it is still down more than 50% from its all-time high of nearly $69,000 reached in November. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Several analysts offered explanations for these latest price movements, in addition to helping describe them relative to broader market trends. Investor … [Read more...] about Bitcoin Prices Rally More Than 20% After Market Rout-Here’s Why

Share to Twitter Share to Linkedin Technical analysis has become a go-to strategy for many traders to build strategies and gauge market strategy. It is a broad subject, but at its core technical analysis relies on the use of charting tools and indicators to gauge market momentum and trends. This information can then be used to identify buy and sell signals, as well as getting an early sense of when market sentiment is starting to shift. However, technical analysis is not without is criticisms, especially when it comes to crypto. Indicators can be wrong, or send off conflicting signals. Additionally, crypto’s relatively short lifespan, especially beyond Bitcoin and Ethereum, provide little historical data to test strategies and assumptions. Additionally, concerns surrounding wash trading and market manipulation, although know unique to crypto, can be problematic. One of the industry leaders in providing crypto-specific technical analysis is Katie … [Read more...] about How Technical Traders Apply Their Expertise To Crypto Markets

- A + A MUMBAI (May 17): Shares in Life Insurance Corp of India (LIC) slid nearly 8% on its market debut on Tuesday, a fresh setback for the state-owned giant as its record-breaking, oversubscribed initial public offering (IPO) raised far less than expected for the government. India's biggest insurer and largest domestic financial investor closed at 875.25 rupees, compared with the IPO price of 949 rupees. LIC now has a market value of around 5.54 trillion rupees (US$71.54 billion) and is India's fifth-biggest company. The share-price decline reflects weak overall market sentiment and a slump in the broader market since LIC's IPO opened for subscription on May 4, analysts said, even as the blue-chip NSE Nifty 50 index closed up 2.6% on Tuesday. "We were not expecting a big listing as markets were jittery, expect it to pick up," LIC's chairman M R Kumar told reporters. The government, which had positioned the sale as the first and biggest of a wave of … [Read more...] about LIC shares tumble in market debut after record India IPO

Image Source: ShutterStock “The work is tough, especially during the day due to the current heatwave. Moreover, customers often call and demand we pick up other things on the way. It takes time to complete a delivery and receive good ratings. It is not a job of 10-15 minutes. The quality of service degrades if one is in a hurry,” said a Mumbai-based delivery executive. He usually delivers 10-20 orders a day. Another executive, based in Gurgaon, outside Delhi, said, “Delivering was my choice, as I had to run a household also. But a 10-minute delivery adds to my stress. I only rush when I want to pick more orders, otherwise I avoid doing so.” Both executives asked that they not be identified. Lakhs of such executives are working around the clock to deliver orders in the promised 10-20 minutes. It has been some time coming but over the last month or so, the quick commerce space has seen a swirl of activity. From restaurant aggregator Zomato’s 10-minute delivery and grocery … [Read more...] about Quick commerce market faces some fast facts

The bottom fell out from one of crypto’s fastest growing blockchains, LUNA, which promised to succeed where bitcoin failed. Its predictable collapse reverberated across the entire crypto market and is forcing investors to pick up the pieces. C rypto’s history has been defined by five resets. The first came in 2014 when what was basically the only bitcoin exchange in the world, Mt. Gox, imploded following a nearly half-billion-dollar hack. The second, in 2016, was The DAO hack, when an attacker tricked a smart contract into giving away $60 million worth of ethereum, worth $8 billion today. The third, in January 2018, occurred when the ICO bubble popped, starting a year-long decline wiping out 60% of the crypto market or more than $700 million mostly in the form of worthless junk tokens. The fourth took place in March 2020 when crypto lost 40% of its value along with most other global financial markets. Each reset not only led to price-market capitalization increases, they … [Read more...] about Crypto’s Great Reset: How Digital Asset Investors Will Recover From The Market’s $1 Trillion Meltdown

The global cryptocurrency market saw its value plummet amid heavy sell-offs, with the collapse of TerraUSD (UST), one of the biggest stablecoins, sending shockwaves throughout the digital asset market. The stablecoin UST slipped past its intended US$1 peg to near $0.03 last week after being attacked by a group of investors known as a "whale", which is a large group aiming to find loopholes in algorithms and take advantage of them, said Pipat Luengnaruemitchai, chief economist at KKP Research, a research house under Kiatnakin Phatra Financial Group (KKP). According to Coingecko.com, UST was at $0.099234, down 25.4% over the past 24 hours as of 2.20pm yesterday, while Bitcoin was still hovering at $30,494 as of 2.57pm. Recently Do Kwon, co-founder of UST and Luna, announced a salvage plan on Twitter to split the blockchain into Terra and Terra Classic by the end of May. However, the announcement failed to convince investors thus far. Mr Pipat said the price collapse triggered a … [Read more...] about UST collapse hits digital asset market

Major Moves I've been talking a lot about the 10-year Treasury yield (TNX) during the past few weeks because it has been experiencing a rather dramatic decline, falling to levels not seen since December 2017. One of the reasons I reference the TNX so frequently is it is tied to a variety of assets, indexes and indicators in the financial markets, including the 30-year fixed-rate mortgage . The 30-year fixed-rate mortgage is the most popular mortgage among individual home buyers. According to Freddie Mac, approximately 90% of home buyers choose a 30-year mortgage when financing their homes. So what's the connection between the TNX and the rate on a 30-year mortgage? These two rates have a positive correlation. When the TNX moves higher, the 30-year mortgage rate tends to move higher. Conversely, when the TNX moves lower, the 30-year mortgage rate tends to move lower. In fact, these two rates move so consistently together that mortgage brokers will often approximate what the … [Read more...] about Will Falling Interest Rates Boost or Spook the Stock Market?

India’s largest life cover provider Life Insurance Corporation of India (LIC) made a lacklustre debut on the bourses on May 17, with declining nearly 9.4 percent after its initial public offering was subscribed nearly three times last week. The stock opened at Rs 867.20, against an issue price of Rs 949 on the BSE and touched a high and a low of Rs 886.80 and Rs 860.10, respectively. At 10.05am, the scrip was trading at Rs 883.40 on BSE, down 7 percent from its issue price of Rs 949 a share. India's benchmark Sensex rose 0.62% to 53224 points. Corrections in the equity markets globally seem to have hit the listing for the biggest public issue in the history of the Indian capital market. The situation was worsened by mounting inflationary pressure, stricter lockdowns imposed in China to combat Covid outbreak, and an unabated war on Ukraine by Russian forces. After the debut in the market, LIC has become the fifth most-valued Indian listed firm with a market capital of Rs 5.71 … [Read more...] about LIC share lists with 9.4% discount, stock debuts on BSE at Rs 867

Major Moves The 10-year Treasury yield (TNX) dropped to a new 52-week low today as traders moved more money out of riskier stocks and into the safety of Treasuries . This isn't a new trend for the TNX, but based on the previous pullbacks in the index, I'm starting to wonder if we may be nearing a bounce up off the downtrending support level that has been interacting with the TNX during the 2019 calendar year. The last time the TNX dropped down like this, it rallied at support in late-March, just like it did the time before in early January. Perhaps 2.25% could be the next rally point. Long-term Treasury yields can have a dramatic impact on the health of the U.S. economy. When they rise too high, they can limit growth because they make it too expensive to borrow money. Conversely, when they fall too low, they can encourage growth because they make it incredibly cheap to borrow money. If we can avoid further negative economic shocks from the trade war between the United … [Read more...] about Can Lower Interest Rates Save the S&P 500?

Major Moves The majority of the stocks in the S&P 500 lost ground today as traders attempted to quantify and make adjustments for the uncertain risk they face with the Trump administration's tariff deadline looming at 12:01 a.m. Friday morning. The risk is uncertain because nobody knows if the Trump administration is going to go through with tariff increase. The U.S. Trade Representative's (USTR) office filed paperwork on Wednesday to raise tariffs on $200 billion of Chinese goods from 10% to 25%, but that doesn't mean the administration has to pull the trigger. However, the S&P 500 component that lost the most ground today didn't drop because of uncertain tariff risks. It fell because it faces easily quantifiable risks – 38 billion of them to be precise. Until today, Occidental Petroleum Corporation ( OXY ) had been in a bidding war with Chevron Corporation ( CVX ) for Anadarko Petroleum Corporation ( APC ). Chevron originally bid $33 billion for Anadarko, … [Read more...] about Occidental Petroleum Stock Plunges, but S&P 500 Rallies Into Close