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Monday, December 23, 2024 | 09:34 PM ISTEN Hindi

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Sensex ends 227 points lower, Nifty dips below 10,250 on inflation fears

All that happened in Tuesday's trade

Image SI Reporter New Delhi
sectoral

Source: NSE

9:12 AM

Non-declaration of Bitcoin gains could attract 50% penalty and interest
 
The bitcoin surge in the current fiscal year (FY18) in the absence of regulation has rattled the government, prompting it to take a look at the policy and taxability of earnings from cryptocurrency trading. 
 
The government will soon form a committee to look into all issues related to bitcoin trading and issue suitable clarification, Business Standard has learnt. This committee may be led by a senior finance ministry official and will include representatives of the Reserve Bank of India, IT ministry, and other central government departments. 
 
This would be a second panel on the subject of cryptocurrencies. A committee was set up in April, and was headed by the special secretary in the department of economic affairs, to examine the international framework on virtual currencies and suggest measures on consumer protection and prevent money laundering. READ MORE
 
9:07 AM

Top trading ideas by Prabhudas Lilladher:
 
BUY STRIDES SHASHUN      
CMP: Rs 808.50        
TARGET: Rs 870      
STOP LOSS: Rs 770
 
The stock has corrected well from the recent peak level of Rs 1097 and has bottomed out at around Rs 758 and has made a recovery from thereon. The positive candle formed now indicates a positive bias and is poised for further rise in the coming days. The RSI indicator is also showing a trend reversal, thus signaling a buy and with good volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 870 keeping a stop loss of Rs 770.

Click here to read more
9:02 AM

Nifty outlook by Prabhudas Lilladher
 
Market stayed in momentum and continued showing strength. For now, near term support lies at 10,260, with RSI on daily chart at 55 implying further up move whereby re- testing of previous high is very likely. The support for the day is seen at 10,275 while resistance is seen at 10,370.
9:00 AM

Bitcoin futures suggest cryptocurrency's blistering price rise to slow
 
Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency's blistering price gains to slow in the coming months, even as it blasted above $17,000 to a fresh record high in the spot market.
 
Chicago-based derivatives exchange Cboe Global Markets launched the futures late on Sunday, marking the first time investors could get exposure to the bitcoin market via a large, regulated exchange. READ MORE
8:57 AM

India November inflation likely exceeded RBI's 4% target
 
India’s retail inflation likely breached the central bank’s 4% medium-term target in November after unseasonably heavy rains sent food prices soaring, a Reuters poll showed.
8:54 AM

Oil gains by about 2% on Forties Pipeline shutdown
 
Oil prices rose on Monday, overcoming declines early in the session, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York
8:52 AM

SGX Nifty
 
The Nifty50 futures on the Singapore Stock Exchange were trading 6 points lower at 10340 indicating a flat opening for the domestic market.
8:51 AM

Asian shares take a breather

Asian shares took a breather on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in US borrowing costs this week.
 
MSCI’s broadest index of Asia-Pacific shares outside Japan dithered either side of flat having bounced 2% in the past three sessions.
 
Moves were minor across the region, with blue chip Chinese shares off 0.2% and Australia up 0.1%. Japan's Nikkei was likewise steady, after the index scored its highest close in 25 years on Monday.
8:50 AM

US markets close higher
 
US stocks closed higher on Monday as investors prepared for an expected Federal Reserve rate hike later in the week, while stocks rose around the world on continued solid global economic growth indicators.
 
The Dow Jones Industrial Average rose 56.87 points, or 0.23%, to 24,386.03, the S&P 500 gained 8.49 points, or 0.32%, to 2,659.99 and the Nasdaq Composite added 35.00 points, or 0.51%, to 6,875.08.
8:48 AM

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First Published: Dec 12 2017 | 3:36 PM IST