News update

After two days of gains, the Sensex and Nifty 50 slipped 0.5 percent in a volatile session on September 11, as investors braced for the release of the US CPI data later today. Except for Nifty FMCG, all other sectoral indices closed in the red, with auto and energy stocks dragging the market lower. Vinod Nair, Head of Research at Geojit Financial Services, remarked that concerns over US political risks and fears of a recession could trigger short-term caution in global markets.   At close, the Sensex was down 357 points or 0.4 percent at 81,563 and the Nifty was down 122 points or 0.5 percent at 24,918. About 1,551 shares advanced, 2,242 shares declined, and 98 shares were unchanged. The broader market mirrored the decline in benchmarks, with both the BSE Midcap and Smallcap indices falling by 0.5 percent.   Nifty Bank fell by half a percent on the day of the weekly expiry of BANKNIFTY futures contract.   The auto index fell 1.2 percent dragged down by Tata Motors and Mahindra &

    Global markets took a sharp downturn on September 3 as both tech stocks and cryptocurrencies faced significant losses. The “Magnificent 7” tech companies, including Google’s parent company Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, collectively lost $550 billion in market capitalisation. This marks one of the largest daily losses for these tech giants in recent months. The slump coincided with a 6% crash in the cryptocurrency markets, with total market capitalisation dropping by approximately $100 billion.     Bitcoin saw a decline of more than 5%, hitting $55,746 during early trading in Asia, while Ethereum fell 7% to just above $2,300 before a slight recovery. The downturn is being referred to as ‘Slumptember’, as September has historically been a bearish month for both stock and crypto markets. Nvidia experienced one of its sharpest declines since April 2024, largely due to an antitrust subpoena from the United States Department of Justice. Analysts note tha

    Bitcoin slid back toward $55,000 overnight as it caught up with Tuesday’s broader market sell-off. On Wednesday, the price of the flagship cryptocurrency was lower by more than 2% at $56,481.90, according to Coin Metrics. It fell sharply Tuesday night — to as low as $55,673.80 — with the start of Asia-Pacific trading but has stabilized since then.   Coinbase and MicroStrategy fell 3% and 2%, respectively. Tech stocks struggled in U.S. trading Tuesday – the sector is coming off worst day since September 2022 – while two readings of manufacturing production showed signs of weakness, rekindling fears about the health of the economy. Japan’s Nikkei 225 and the broad-based Topix finished Wednesday trading with their worst one-day loss since the Aug. 5 sell-off.   Lately, bitcoin’s moves are sometimes more muted than stocks’ during U.S. hours on big market days. James Davies, co-founder at crypto trading platform Crypto Valley Exchange, explained that traders react “more dynamically”

  Bollywood actress and model Urvashi Rautela claims she received at least 1 lac luxury roses from her fans after she was hospitalized with a minor injury.   Urvashi Rautela recently suffered a minor injury on her finger after which she was rushed to the hospital and requested her fans via an Instagram post to pray for her.   Now, the actress took to her Instagram handle and posted pictures and a video with many bouquets of fresh roses that she had received from her fans to wish her a speedy recovery.   “1 LAC 1,00,000 LUXURY ROSES FROM MY DIEHARD FANS WISHING SPEEDY RECOVERY,” Rautela claimed in the caption of Instagram posts. sections, to troll the celebrity about her ‘delulu land’.   “First youngest Indian actress to have diehard fans (others only have ‘diesoft’ fans),” commented a Redditor, while another questioned, “Luxury roses kya hote hain (What are they)? What else does my middle class a** not know? Are there luxury trees too? Jhaad (Branch) by Dior. Ganna (Sugercane) by Gu