The FinTech Hub
Source: Live Mint Stock market today: The domestic stock market indices closed in the red on Monday, December 16. The index witnessed a sharp sell-off in the IT and financial stocks, driving the index down after an initial gain from the Pharma and PSU stocks. The Nifty 50 index closed 0.4 per cent lower at…
Source: Live Mint (Bloomberg) — Brazil’s central bank conducted its biggest dollar auction in the spot market since the first weeks of the pandemic on Monday as it fights to regain control over inflation expectations amid a soaring fiscal deficit. The currency briefly rebounded after the bank sold $1.63 billion Monday, before falling once again,…
Source: Live Mint By Gertrude Chavez-Dreyfuss and Lisa Pauline Mattackal WASHINGTON, Dec 16 (Reuters) – Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Here’s how the plan could work. WHAT IS A STRATEGIC RESERVE? A…
Source: Live Mint NEW YORK (Reuters) – Megacap tech shares muscled the S&P 500 and the Nasdaq to higher closes on Monday as U.S. Treasury yields paused and investors readied for a busy central bank week. Bitcoin surged, touching a new high after U.S. President-elect Donald Trump suggested he plans to set up a bitcoin…
Source: Live Mint WARSAW, Dec 16 (Reuters) – Central Eastern European currencies held near recent highs on Monday, ahead of central bank meetings in Hungary and the Czech Republic later this week which are expected to leave interest rates unchanged. At 1007 GMT the Hungarian forint traded flat against the euro at 408.50. Analysts polled…
Source: Live Mint As 2024 draws to a close, the broad market has delivered a respectable 20% return. Mid and small-cap stocks have outperformed, with midcaps achieving a 28% return and small caps 31%, compared to 17% for large caps. The outperformance is against the consensus that large caps are a better bet given the…
Source: Live Mint Mumbai [India], : The stock market closed in negative territory on Monday with both benchmark indices posting losses amid range-bound trading. The BSE Sensex declined by 384.55 points, settling at 81,748.57, while the NSE Nifty shed 100.05 points, closing at 24,668.25. From the Nifty pack, only nine companies advanced, while 40 stocks…
Source: Live Mint Upcoming IPO: The initial public offering (IPO) of Senores Pharmaceuticals is set to open for public subscription on Friday, December 20. The book-built issue, which combines a fresh issue to raise ₹500 crore and an offer for sale (OFS) of 21 lakh shares, will conclude on Tuesday, December 24. The company is…
Source: Live Mint Delhi Chief Minister Atishi recently announced the Mukhyamantri Mahila Samman Yojana that will provide financial aid for women. The scheme aims to provide monthly financial assistance of ₹1,000 to women above 18 years of age. The registration for the scheme will begin in the next seven to 10 days as the state…
Source: Live Mint Federal Reserve, BOJ, BoE rate decisions in focus this week Fed expected to cut by 25 bps on Wed, forgo January cut Bitcoin climbs to record $106,533 (Updates with midday trading) By Kevin Buckland and Greta Rosen Fondahn TOKYO/GDANSK, Dec 16 (Reuters) – The U.S. dollar hovered close to a three-week high…
