!1 new updateClick here for the latest updates
The cryptocurrency market witnessed a bloodbath on Tuesday amid sinking global markets and diminishing investor risk appetite. After falling 13%, Bitcoin broke through the $30,000 mark in the past 24 hours. This is the lowest level for the largest digital token since July 2021. It hit an intraday low of $29,944.80. According to data from Coinmarketcap, Bitcoin has fallen around 25% in the past six days. The crypto giant has fallen around 60% from its peak reached in November 2021.
The USFDA conducted a Good Manufacturing Practices (GMP) inspection of the Halol factory of Sun Pharmaceutical Industries Limited (Gujarat, India) from April 26 to May 9, 2022. Upon completion of the inspection, the US FDA has issued a Form-483, with 10 observations.
Price as of May 10, 2022 11:38Click on company names for their live prices.
According to RBI’s own calculations, almost every 5% depreciation of the rupee adds about 10-15 basis points to inflation. So given that inflation is already very high and the RBI has been slow to catch up on raising interest rates to fight inflation, the outlook is not too good for the Indian rupee.
– Mythili Bhusnurmath, Editor-in-Chief, ET Now
Live Market Updates: Nifty Auto Rebounds Over 1%
Sensex Today LIVE: Index off day’s low, trades nearly 100 points
Pharmaceutical major Cipla announced on Tuesday that it has launched a COVID-19 RT PCR test kit in the country in partnership with diagnostics company Genes2Me. With the launch of the “RT-Direct multiplex COVID-19 RT PCR” test kit, the Mumbai-based pharmaceutical company is expanding its diagnostic offerings, it said in a regulatory filing.
Price as of May 10, 2022 10:34 amClick on company names for their live prices.
Yesterday’s recovery could only take Nifty up to 16,400, the previous breakout point, which de facto has become significant resistance. Rejection of this one would mean that we would start today like yesterday, with a gaping opening downside followed by attempts upside. Meanwhile, around 16,250 will take on the role played by 16,400 yesterday, keeping a lid on the bulls, and 16,060 that of 16,250 trying to stage an upside reversal. The 15,800 region is pending, as is a much bigger move to 14,500, but our bets today are on 16,060 for a rally towards 16,250 early in the day, with extended upside potential, above above 16,180.
– Anand James – Chief Market Strategist at Geojit Financial Services
Live Market Updates: Rainbow Children’s Medicare Stock List at 6% Off
Terra cuts investors’ wealth in half; Bitcoin, Shiba Inu, Solana Tank up to 17%
With the exception of dollar-pegged stablecoins, all major crypto tokens and altcoins were bleeding. Terra lost over 49%, wiping out half of investors’ wealth, while Shiba Inu’s 17% drop removed it from the top 15 crypto tokens. Bitcoin fell around 10% to its lowest level in 10 months, while Ethereum fell another 8%. Solana, Cardano, Avalanche, BNB plunged between 12-16% each.
The US parent market turned markedly weak with the Nasdaq, S&P 500 and Dow at one-year lows. European markets are moving in tandem with US markets. Relatively, India is doing better thanks to constant buying by DIIs and retail investors. Retail investors should not rush to buy aggressively now as the market is not at buyable valuations. Since there is a risky environment globally, FIIs are likely to sell with every market rally. High quality stocks such as major financial stocks can be purchased in small amounts. The rupiah’s depreciation, which may continue, will provide resilience to IT stocks.
– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
FOREX MARKET UPDATE: Rupee jumps 20 paise to 77.24 against the US dollar in early trading
STOCK IN NEWS: JSW STEEL
#StocksToWatch | JSW Steel: April crude steel production at 1.7 million tonnes, up 22% YoY @jswsteel #Steel… https://t.co/qdgYAChOPb
— AND NOW (@ETNOWlive) 1652155404000
IT, Metal only sector losers at the start of trading on NSE
Voda Idea, YES Bank, Tata Power among the most active stocks on NSE
Price as of May 10, 2022 09:28Click on company names for their live prices.
Sensex Heatmap: most index stocks in the green at the open
- TOP GAINERS: Asian paintings, Ultratech, Maruti
- TOP LOSERS: RIL, Infosys, Titan
OPENING BELL: Sensex up 100 points, Nifty50 to 16,330; Asian Paints jumps 3%, Ruchi Soya 2%
Pre-open session: Sensex slips 350 points, recovers; Apartment Nifty50
Fourth quarter results today
SGX Nifty signals early gap down
Nifty futures on the Singapore Stock Exchange traded 145 points, or 0.89%, at 16,146.50, signaling Dalal Street was heading for an early gap down on Tuesday.
Tech View: Nifty50 forms a small bullish candle
On Monday, Nifty50 saw an early gap down, but the index managed to close above the open level, forming a small bullish candle on the daily scale. The formation, made after a Doji in Friday’s trade, gave hope to some analysts, even as the index continued its lower low formations. Avoid shorts for now, they suggested.
Hong Kong shares fall more than 4% in early trade
Hong Kong’s benchmark stock index rebounded after a sharply lower holiday day on Tuesday, falling more than 4% as concerns over rising interest rates and slowing economic growth undermined sentiment. investors. The Hang Seng index fell 4.11% in early trading, dragged down by index heavyweights Alibaba Group Holding, Meituan and Tencent Holdings Ltd, which fell between 4% and 7%.
S&P500 futures down 0.5%
S&P 500 stock futures and Dow Jones futures both fell 0.5% and Nasdaq futures fell 0.6%. Overnight, U.S. stocks extended Friday’s sharp selloff as investors rushed to hedge against the prospect of a weaker economy. Central banks in the United States, Britain and Australia raised interest rates last week and investors braced for further tightening as policymakers battle soaring inflation.
Asian stocks hit 2-year low on rising rate concerns
Asian stocks fell to their lowest level in nearly two years on Tuesday as investors dumped riskier assets on concerns over rising interest rates and their impact on economic growth, while the dollar hit near 20-year highs. MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 0.8%, falling for a seventh consecutive session and extending declines to 17% so far this year. The Nikkei lost 0.9%, Australian stocks lost 2.5% and Korean stocks lost 2%.
S&P500 closes below 4,000 for 1st time since March 2021
The S&P 500 ended below 4,000 for the first time since late March 2021 and the Nasdaq fell more than 4% on Monday in a sell-off led by mega-cap growth stocks as investors increasingly more concerned about rising interest rates. The Dow Jones Industrial Average fell 653.67 points, or 1.99%, to 32,245.7, while the S&P 500 lost 132.1 points, or 3.20%, to 3,991.24, its lowest close since March 31, 2021. The Nasdaq Composite fell 521.41 points, or 4.29%, to 11,623.25.
Rupee crashes to all-time low of 77.44 on currency outflows
Extending its losses for a second day, the rupee fell 54 paise on Monday to close at a record high of 77.44 against the US dollar, under pressure from the strength of the US currency abroad and outflows. strangers relentlessly. Forex traders said risk appetite had weakened on rising bond yields in the United States and growing concerns over inflation that could trigger more aggressive rate hikes by global central banks. .
Sensex, nice on Monday
Equity benchmarks started the week on a pessimistic note on Monday, weighed by strong selling in market heavyweight Reliance Industries and continued weakness in global stocks. Slipping for the second session in a row, the 30-stock BSE Sensex lost 364.91 points or 0.67% to close at 54,470.67. During the day, it fell more than 900 points to 53,918.02. Similarly, the NSE Nifty fell 109.40 points or 0.67% to end at 16,301.85.
Hello, dear reader! Here’s something to start your trading day