Latest news with #Pi42
Economic Times
3 days ago
- Business
- Economic Times
Gold outperforms other assets with 26% returns in H1 2025
Elevated gold prices likely to continue to curb consumer demand & potentially encourage recycling Synopsis Gold investments provided high returns in the first half of 2025. India saw 26% returns, while Turkey topped with 41%. China and India's local gold prices influence buying decisions. Experts predict mixed results for the second half. Lower interest rates and uncertainty may boost investor interest. Central bank demand will likely remain strong. 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
US stocks fall after reports that President Trump likely to fire Fed chair Jerome Powell
US stocks Synopsis U.S. stock indexes reversed course to fall on Wednesday after Bloomberg News reported that President Donald Trump was likely to fire Federal Reserve Chair Jerome Powell soon, citing a White House official. U.S. stock indexes reversed course to fall on Wednesday after Bloomberg News reported that President Donald Trump was likely to fire Federal Reserve Chair Jerome Powell soon, citing a White House official. ADVERTISEMENT At 11:27 a.m. ET, the Dow Jones Industrial Average fell 100.39 points, or 0.23%, to 43,922.90, the S&P 500 lost 16.14 points, or 0.26%, to 6,227.62 and the Nasdaq Composite lost 56.76 points, or 0.27%, to 20,621.04. (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
Market Wrap: Sensex adds 63 points, Nifty above 25,200 as PSU banks, IT stocks lift D-Street
Synopsis Indian benchmark indices Sensex and Nifty closed marginally higher on Wednesday, recouping early losses as gains in PSU banks and IT stocks helped offset broader regional weakness stemming from renewed concerns over rising U.S. inflation. sensexniftyindian stocksgainerslosersshare pricestock update 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
News18
4 days ago
- Business
- News18
Bitcoin Price Today, July 16: BTC Falls 2.8% To Trade Near $116,500, Experts See Consolidation
Last Updated: Bitcoin's sharp over $6,000 decline is a textbook case of healthy profit-taking after an extended rally that pushed prices past $123,000, says an expert. Bitcoin, the world's biggest cryptocurrency, on Wednesday declined by 2.83% in the past 24 hours to trade near $116,500, amid significant profit-booking after an extended rally that pushed prices past $123,000. Experts said a stronger-than-expected CPI print in the US also acted as a macroeconomic headwind, dampening risk appetite. They added that bitcoin now appears to be entering a consolidation phase between $110,000 and $125,000 levels. Bitcoin traded down by 2.83% in the past 24 hours at $116,541.87 with a current market cap of $2.31 trillion, according to Its 24-hour trading volume stood at $93.41 billion. Bitcoin saw a circulating supply of 19.89 million. Avinash Shekhar, co-founder & CEO of Pi42, said, 'Bitcoin's sharp over $6,000 decline is a textbook case of healthy profit-taking after an extended rally that pushed prices past $123,000. With over $1.5 billion in realised profits by large holders — potentially up to $3.5 billion across all investor categories — the market was clearly primed for a pullback." A stronger-than-expected CPI print also acted as a macroeconomic headwind, dampening risk appetite. Additionally, the surge in FOMO-driven retail activity, reflected in a spike in social dominance above 43%, signaled overheated sentiment, he added. 'Bitcoin now appears to be entering a consolidation phase, with likely support and resistance forming between the $110K and $125K levels," Shekhar said. According to CoinSwitch Markets Desk, long liquidations in bitcoin exceeded $333 million and Ether also saw roughly $113 million in forced exits. Ethereum hovered around $3,013, holding steady amid upbeat commentary from EMJ Capital, which reiterated its bullish thesis that ETH could reach $10,000 in this cycle thanks to staking ETF approvals, deflationary protocols, and institutional interest. Among altcoins, XRP tumbled from $3.02 to $2.78, as institutions de-risked ahead of the ProShares XRP futures ETF launch, though a late-session rebound hinted at re-entry near $2.87. Filecoin slumped about 6% to test support around $2.50 amid increased selling pressure, it added Meanwhile, in the US, the House advanced the Clarity Act, though procedural hiccups delayed a full vote as the Senate begins its own version, highlighting the 'Crypto Week' legislative push that continues to shape institutional sentiment. Deutsche Bank in a note also said bitcoin's volatility is historically low amid growing adoption — suggesting crypto is maturing from speculative asset to strategic holding. According to CoinDCX Research Team, 'bears continue to hold a tight grip over the markets as bitcoin price faces a continued bearish pressure, while bulls hold the $117,000 support range. Besides, the other popular altcoins do not appear to have moved much as they remain stuck around the gained levels." What Is Crypto Week? The week ahead is anchored by 'Crypto Week" in Congress, key bills like the Clarity Act, GENIUS Act, and Anti‑CBDC Surveillance Act are moving through the House Rules Committee, with a full vote expected soon. These bills aim to define crypto regulatory roles, authorise stablecoins, and block a US central bank digital currency, providing clarity that could drive institutional market participation, said CoinSwitch Markets Desk. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
4 days ago
- Business
- Economic Times
Stock market update: Nifty IT index advances 0.14% in a weak market
Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs. Synopsis The Nifty IT index was trading 0.14 per cent up at 37476.05. NEW DELHI: The Nifty IT index traded positive around 11:03AM(IST)on Wednesday in a weak market. ADVERTISEMENT LTIMindtree Ltd.(up 0.95 per cent), Wipro Ltd.(up 0.92 per cent), Infosys Ltd.(up 0.48 per cent), Tech Mahindra Ltd.(up 0.35 per cent) and MphasiS Ltd.(up 0.32 per cent) were among the top gainers. Coforge Ltd.(down 0.89 per cent) and Tata Consultancy Services Ltd.(down 0.58 per cent) were the top losers on the index. The Nifty IT index was up 0.14 per cent at 37476.05 at the time of writing this report. Benchmark NSE Nifty50 index was down 55.96 points at 25139.85, while the BSE Sensex was down 168.78 points at 82402.13. Among the 50 stocks in the Nifty index, 15 were trading in the green, while 35 were in the red. ADVERTISEMENT Shares of Vodafone Idea, JP Power, Network18 Media, Ola Electric Mobilit and YES Bank were among the most traded shares on the NSE. Shares of Fischer Chemic, Magellanic Cloud, Sangam Renewables, Mas Fin Services and NACL Industries hit their fresh 52-week highs in today's trade, while LCC Infotech, HDB Financial Servic, Vipul Ltd, Raymond Realty and Shree Vasu Logistics 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
