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Market Wrap: Sensex pares intra-day gains to settle over 100 points lower

The 30-share BSE index declined 100.42 points or 0.19 per cent to settle at 53,134.35. During the day, it jumped 631.16 points or 1.18 per cent to 53,865.93.

Bank of England Says Global Outlook Has ‘Deteriorated Materially’

The Bank of England said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world, posing a further downside risk in months ahead.

Vauld to be rescued? Crypto lender Nexo says plans to buy it

Nexo, which is based in London, said it would buy up to 100% of Vauld and reorganize its future operations with the aim to accelerate its deeper presence in Asia. It did not say when the deal would close.

These penny stocks defied weak market sentiment; surged over 1000% in this year 

Three penny stocks rallied over 1,000 percent in the first half of 2022 despite the ongoing volatility in the domestic equity markets.

Stock Market: Is it time to get greedy and buy shares?

<ul><li>Although there are some charts that suggests that markets may not have bottomed as yet; however, based on the past trends, they may bottom out in next few months and therefore the next 6-12 months look extremely crucial from the view of wealth creation over the next 3-4 years.</li></ul>

ICICI Securities is ‘bullish’ on this bank, says may rally over 60%

Axis bank net profit increased by 50% year on year (YoY) to Rs. 4,417.7 crore, up from Rs. 2,941 crore in the same quarter last year. Net interest income (NII) increased by 17% year on year to ₹8,819 crore. The net interest margin (NIM) for the quarter came in at 3.49 per cent.

Morgan Stanley Says US Growth Slowdown Worse Than Expected

The US economy is firmly in the middle of a slowdown that’s turning out to be worse than expected amid the war in Ukraine and China’s Covid Zero policy, according to Morgan Stanley strategists.

Global markets are up and this is the reason why 

<ul><li>The mood on trading floors has become increasingly gloomy in recent months as observers warn that sharp interest rate hikes aimed at curbing price rises could cause a contraction, compounding uncertainty caused by Russia's war in Ukraine.</li></ul>

Windfall tax: $12 margin hit for Reliance; Govt rakes in ₹1.3 lakh crore

In a surprise move, the government on July 1 increased import duties on gold (by 5 per cent), added export duties on petrol and ATF ( ₹6/litre; USD 12 per barrel) and diesel ( ₹13/liter; USD 26/bbl) and slapped a windfall tax on domestic crude production ( ₹23,250 per tonne; USD 40/bbl).

India's June gold imports treble on price correction

Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, but the surge may increase India's trade deficit and put pressure on ailing rupee.

Crypto prices recover: Bitcoin regains $20,000 level, ether spikes 10%

Bitcoin was trading at $20,337, up nearly 6.17 percent while Ether rose by 10.35 percent to 1,162 over the previous day.&nbsp;

Bernstein sees nearly 40% upside in RIL; stock price may cross ₹3,300

The brokerage has an 'outperform' call on the stock and has raised its target price to ₹3,360 from ₹2,830 earlier, indicating an upside of 39 percent.

Trending News

Market Wrap: Sensex pares intra-day gains to settle over 100 points lower

Bank of England Says Global Outlook Has ‘Deteriorated Materially’

Vauld to be rescued? Crypto lender Nexo says plans to buy it