Thursday 30 April 2020

Is stock market open today?

The MSCI's broadest index of Asia-Pacific shares has gained about 8.5% this month.

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Reduce Hexaware Technologies, target price Rs 260: Kotak Institutional Equities

Hexaware's belief of net beneficiary in the vendor consolidation exercise will be tested in the current environment, said

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Samsung Galaxy Store now Lists Multiple TRON Dapps

TRX-TRON

It is pertinent for the cryptocurrency industry to keep growing and evolving by any means necessary. The Samsung Galaxy Store now provides exposure to various TRON-based DApps, which is rather interesting.

Various smartphone manufacturers have begun paying attention to blockchain technology.

TRON Dapps Show up on Samsung Devices

In some cases, the companies even label their device as a “blockchain smartphone”.

For Samsung, the goal then becomes to support as many different applications and services as possible.

In the latest update, the Samsung Galaxy Store has received some more offerings.

Multiple TRON-based DApps can now be accessed through this platform.

This includes offerings such as Meerkat Mining, Timeloop, and various others.

In terms of providing exposure to blockchain services and products, this is a crucial development.

The choice to integrate TRON DApps, on the other hand, may be considered somewhat controversial.

That particular ecosystem does not have the best of reputations at this time.

Even so, the DApps being offered all seem to have their own merit, first and foremost.

How the Samsung device owners will respond to these new offerings, will be difficult to predict.

DApps cater to a very niche segment of the cryptocurrency crowd, which is a very niche market in its own regard.

The post Samsung Galaxy Store now Lists Multiple TRON Dapps appeared first on The Merkle News.



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Tech Mahindra sees a silver lining in digital shift

The company, which reported a slowing momentum in new deal wins in March due to the outbreak, said digital revenues now formed 44% of its total revenue

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Buy Hindalco Industries, target price Rs 153: Antique Stock Broking

Aluminium LME spot prices are seen recovering and leverage levels would remain comfortable post the Aleris acquisition.

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Exclusive: Gilead says open to collaborate with govts, drug cos to make Remdesivir globally available

Exclusive: Gilead says open to collaborate with govts, drug cos to make Remdesivir globally available There is a possibility of Indian cos becoming part of the consortium, in the past Gilead used voluntary licenses to rope in Indian cos to manufacture and launch HIV and hepatitis-C medications in low-middle-income countries (LMICs).

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Here#39;s how real estate prices may play out after COVID-19 dust settles down

Vandana Ramnani While luxury housing may see a 20 percent reduction in prices, developers are likely to offer freebies such as deferred payment plans to buyers investing in the mid segment.

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More than 2,000 US coronavirus deaths in 24 hours

More than 2,000 US coronavirus deaths in 24 hours The country -- hardest hit by the pandemic in terms of the number of fatalities -- recorded 2,053 deaths on Thursday, after 2,502 deaths on Wednesday and 2,207 on Tuesday.

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McDonald#39;s says 25% of stores closed as Q1 sales fall

McDonald#39;s says 25% of stores closed as Q1 sales fall McDonald#39;s said its sales fell 6 per cent to USD 4.71 billion in the January-March period. Declines have persisted in April.

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China doesn#39;t want to see me elected: Donald Trump

China doesn#39;t want to see me elected: Donald Trump Instead, he claimed, China wants to have former vice president Joe Biden elected as the next US president in the November elections.

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World should follow South Korea on COVID-19 fight: UN chief

World should follow South Korea on COVID-19 fight: UN chief At the same time, he said, South Korea has presented plans for “a very ambitious green deal” for its recovery from the pandemic, including a ban on new coal-fired plants and a reduction of emissions from existing coal-fired plants.

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WHO should be ashamed of itself, it is like a PR agency for China: Donald Trump

WHO should be ashamed of itself, it is like a PR agency for China: Donald Trump The Trump Administration has launched a probe into the role of the WHO on coronavirus, and has temporarily suspended the US#39; financial assistance to it.

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Kedaara in talks to infuse Rs 300 crore in fintech startup Aye Finance

Kedaara in talks to infuse Rs 300 crore in fintech startup Aye Finance Like most lenders, Aye has stopped fresh disbursements due to the COVID-19 outbreak.

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Coronavirus India News Live Updates | US records more than 2,000 deaths in 24 hours

Coronavirus India News Live Updates | US records more than 2,000 deaths in 24 hours Highlights of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 33,610.

from Moneycontrol Latest News https://www.moneycontrol.com/news/economy/coronavirus-india-news-live-updates-|-us-records-more-than-2000-deaths24-hours_13728161.html

Apple, Huawei boost market share, as Q1 China smartphone shipments fall: Canalys

Apple, Huawei boost market share, as Q1 China smartphone shipments fall: Canalys Total smartphone shipments in the country in the three months ended March fell 18% from a year earlier to 72.6 million, the data showed, as the coronavirus outbreak took a toll on Chinese supply chains and consumer demand.

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Donald Trump to leave White House on Friday for first time in a month

Donald Trump to leave White House on Friday for first time in a month Trump will make the 70-mile (40 km) trip to Camp David on Friday evening, according to a schedule released by the White House on Thursday night. The schedule did not indicate how long Trump would stay at Camp David.

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Amazon sees possible Q2 loss as it forecasts $4 billion in COVID-19-related costs

Amazon sees possible Q2 loss as it forecasts $4 billion in COVID-19-related costs Jeff Bezos, the company#39;s founder and world#39;s richest person, said in a statement, "we#39;re not thinking small," a sign that the e-commerce company would invest heavily during the pandemic. Rival brick-and-mortar retailers have had to shut stores while Amazon hired 175,000 people.

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BSE, NSE shut today on account of Maharashtra Day

BSE, NSE shut today on account of Maharashtra Day The Sensex ended 997.46 points or 3.05% higher at 33717.62, while Nifty rose 306.55 points or 3.21% to close at 9859.90.

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Zoom says it has 300 million daily meeting participants, not users

Zoom says it has 300 million daily meeting participants, not users The Zoom blog from April 22 has now been edited to say that the company had surpassed "300 million daily Zoom meeting participants" instead of "more than 300 million daily users".

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Wall Street caps best month in decades with broad sell-off

While risk-off selling pulled all three major U.S. stock averages into the red, the S&P 500 and the Dow posted their largest monthly percentage gains since January 1987, with the Nasdaq having its best month since June 2000.

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Oil prices surge again US stockpiles grow less than feared, output cuts kick in

Oil prices surge again US stockpiles grow less than feared, output cuts kick in Brent crude for July delivery, which started trading on Friday as the new front-month contract, was up $1.10, or 4.2%, at $27.58 a barrel by 0013 GMT. Brent gained 12% on Thursday.

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Elon Musk#39;s SpaceX, Jeff Bezos#39; Blue Origin land contracts to build NASA#39;s astronaut moon lander

Elon Musk#39;s SpaceX, Jeff Bezos#39; Blue Origin land contracts to build NASA#39;s astronaut moon lander The three companies, which include firms of tech billionaires Elon Musk and Jeff Bezos, will share $967 million from NASA, though specific amounts each company will receive were not immediately known.

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Myriad of Bearish Signs Flash for Bitcoin as Analysts Eye S&P 500 Futures

Bitcoin’s insane rally yesterday that allowed it to climb nearly $2,000 at its peak has stalled, with the retrace from its daily highs of $9,500 printing a massive wick that has made its daily candle look quite bearish. Analysts are now noting that a myriad of different technical factors suggest that the cryptocurrency may be poised for a pullback in the near-term. There are a few key levels that analysts are closely watching, and how the crypto reacts to these levels in the hours and days ahead could be quite telling for just how high its current strength will lead it in the long run. Bitcoin Flashes Bearish Signs as Analysts Watch for Reaction to Key Resistance At the time of writing, Bitcoin is trading up marginally at its current price of $8,850, which is around the price level it has been trading at for the past day. Overnight the crypto was able to significantly extend its recent uptrend when bulls pushed it to highs of $9,500. This is where it faced a dire rejection that ultimately lead it to decline to its current price levels. Although Bitcoin has yet to post a sustained decline in the time since this rejection occurred, it is important to keep in mind that a failure for BTC to surmount $9,300 in the coming hours could be dire, leading the crypto to retest its support at $8,400. One popular crypto analyst on Twitter spoke about the bull and bear cases in a recent tweet, explaining that multiple indicators signal that a pullback is imminent, but that BTC is flashing some positive technical signs on lower time frames. “BTC: Bullish – price bounced hard off $8400 support and could have a run-up to retest $9000s again, looks good on LTF. Bearish – if unable to break $9300 4hr close, this could make a new lower-high, overbought on oscillators, BTC hit key levels & 7 weeks of green, pullback time?” Image Courtesy of Josh Rager Analysts Watching S&P 500 Futures for Insight into Near-Term Trend  Although this latest upwards movement has led Bitcoin to significantly outperform the traditional markets, analysts are still noting that a strong correlation remains. Another analyst mused the possibility that the S&P 500 futures’ price action tonight will set the tone for where BTC goes next, explaining that there are striking similarities between the two asset’s bidding behaviors. “Well that is one ugly daily candle considering the leg that got us here. Keep eyes on ES, what bitcoin has done is not suddenly independent of the same bidding behavior seen in traditional markets,” he said while referencing the S&P 500’s futures ticker – ES. Image Courtesy of Cantering Clark How the crypto trades in the several hours following its recent daily candle close will offer significant insights into which direction it may trend in the days ahead. Featured image from Unplash.

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Wednesday 29 April 2020

In pics | Stocks in the news: Wipro, RIL, RBL Bank, Cambridge Technology, GP Petroleums

In pics | Stocks in the news: Wipro, RIL, RBL Bank, Cambridge Technology, GP Petroleums Polycab India | Sintex Industries | Cyient | Suven Life Sciences | WEP Solutions | Adhunik Industries are some of the stocks in focus.

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Nearly half of global workforce at risk of losing livelihoods due to COVID: ILO

Nearly half of global workforce at risk of losing livelihoods due to COVID: ILO More than 430 million enterprises in hard-hit sectors such as retail and manufacturing risk "serious disruption", the UN agency added.

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Coronavirus pandemic | COVID-19 complication seen in children is #39;rare#39;, WHO says

Coronavirus pandemic | COVID-19 complication seen in children is #39;rare#39;, WHO says Italian and British medical experts are investigating a possible link between the coronavirus pandemic and clusters of severe inflammatory disease in infants who are arriving in hospital with high fever and swollen arteries.

from Moneycontrol Latest News https://www.moneycontrol.com/news/world-news/coronavirus-pandemic-|-covid-19-complication-seenchildren-is-39rare39-who-says_13723761.html

Oil prices rise on early signs of slowing US glut build

Oil prices rise on early signs of slowing US glut build West Texas Intermediate (WTI) crude futures climbed to a high of $16.25 a barrel and were up 7.2%, or $1.08, at $16.14 at 0147 GMT. The U.S. benchmark surged 22% on Wednesday.

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Data on Gilead drug raises hopes in pandemic fight, Fauci calls it #39;highly significant#39;

Data on Gilead drug raises hopes in pandemic fight, Fauci calls it #39;highly significant#39; Preliminary results from a U.S. government trial showing that patients given remdesivir recovered 31% faster than those given a placebo, were hailed by Dr Anthony Fauci as "highly significant."

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Boeing to shrink workforce, raise cash as coronavirus slams jet industry

Boeing to shrink workforce, raise cash as coronavirus slams jet industry After the market close, SP lowered its credit rating for Boeing to BBB-, one step above junk, saying that earnings and cash flow over the next few years are likely to be lower

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What changed for the market while you were sleeping? Top 10 things to know

What changed for the market while you were sleeping? Top 10 things to know Trends on SGX Nifty indicate a positive opening for the index in India with a 188 points gain.

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Facebook sees #39;signs of stability#39; in ad spending after coronavirus drop

Facebook sees #39;signs of stability#39; in ad spending after coronavirus drop The announcement came a day after Alphabet#39;s Google said a drop in its online ad sales similarly steadied in April. Shares of Facebook, the world#39;s biggest social network and the owner of WhatsApp and Instagram, soared 9% in extended trading.

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RIL to report Q4 earnings today: Jio business expected to support numbers

RIL to report Q4 earnings today: Jio business expected to support numbers Centrum Broking said non-energy businesses continued to save the day for RIL, which is likely to see a sharp $1.2 a barrel QoQ dip in GRMs and a 7 percent QoQ decline in Petchem EBIT.

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SoftBank sees $8.4 billion net loss on WeWork writedown

SoftBank sees $8.4 billion net loss on WeWork writedown SoftBank maintained its forecast of a record annual operating loss of 1.35 trillion yen announced earlier this month as bets via the $100 billion fund sour.

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Wall Street rallies on promising coronavirus drug

Wall Street rallies on promising coronavirus drug The Dow Jones Industrial Average rose 532.31 points, or 2.21%, to 24,633.86, the SP 500 gained 76.12 points, or 2.66%, to 2,939.51 and the Nasdaq Composite added 306.98 points, or 3.57%, to 8,914.71.

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RIL to report Q4 earnings today: Jio business expected to support numbers

RIL to report Q4 earnings today: Jio business expected to support numbers Centrum Broking said non-energy businesses continued to save the day for RIL, which is likely to see a sharp $1.2 a barrel QoQ dip in GRMs and a 7 percent QoQ decline in Petchem EBIT.

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HUL Q4 Preview: Lower tax, strong operating income may boost profit

HUL Q4 Preview: Lower tax, strong operating income may boost profit Among brokerages, Kotak Institutional Equities expects the maximum 19.5 percent growth in profit for the quarter while Emkay sees 10.4 percent rise in bottomline.

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Tech Mahindra expected to announce dull Q4 numbers; here#39;s what to watch for

Tech Mahindra expected to announce dull Q4 numbers; here#39;s what to watch for Brokerage firm Kotak Institutional Equities expects a 21.9 percent year-on-year (YoY) fall and 22.8 percent quarter-on-quarter (QoQ) fall in Tech Mahindra#39;s adjusted net profit at Rs 884 crore for Q4FY20.

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RBI may raise promoter holding cap in private banks

Some private sector banks have sought a relaxation in licensing norms.

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Investors can track 5 key events to make healthy return to Street

When growth is difficult to achieve, investors scout for dividend-paying companies.

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HUL Q4 Preview: Lower tax, strong operating income may boost profit

HUL Q4 Preview: Lower tax, strong operating income may boost profit Among brokerages, Kotak Institutional Equities expects the maximum 19.5 percent growth in profit for the quarter while Emkay sees 10.4 percent rise in bottomline.

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Tech Mahindra expected to announce dull Q4 numbers; here#39;s what to watch for

Tech Mahindra expected to announce dull Q4 numbers; here#39;s what to watch for Brokerage firm Kotak Institutional Equities expects a 21.9 percent year-on-year (YoY) fall and 22.8 percent quarter-on-quarter (QoQ) fall in Tech Mahindra#39;s adjusted net profit at Rs 884 crore for Q4FY20.

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Coronavirus India LIVE Updates: COVID-19 cases in Delhi near 3,500; US records 2,502 deaths in 24 hours

Coronavirus India LIVE Updates: COVID-19 cases in Delhi near 3,500; US records 2,502 deaths in 24 hours Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 31,787.

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Veteran actor Rishi Kapoor admitted to hospital

Veteran actor Rishi Kapoor admitted to hospital "He is in the hospital. He is suffering from cancer and he has some breathing problem, so he has been admitted to the hospital. He is stable now," Randhir told PTI.

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Right to access internet not fundamental right, says JK in SC, opposes restoration of 4G services

Right to access internet not fundamental right, says JK in SC, opposes restoration of 4G services The administration told the apex court that a very reasonable quantum of restrictions have been imposed by reducing the speed of internet to protect the sovereignty, integrity and security of the country.

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Wall Street rallies on promising coronavirus drug

All are well within 20% of their record levels, with the tech-heavy Nasdaq now within 10% of its high.

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Binance Sees Record High Trading Volume as Investors Flood into Crypto

The crypto market has been able to add on over $20 billion to its total capitalization, with the upswing seen today by Bitcoin and many of its smaller counterparts marking a full erasure of the losses incurred during the mid-March meltdown. The significance of today’s price action extends far beyond just boosting the market’s technical strength, as it has also revitalized investors – an occurrence indicated by trading volume on crypto exchange Binance hitting a fresh all-time high today. This comes as the benchmark cryptocurrency’s fundamental undercurrent grows stronger, with the influx of new retail investors into BTC suggesting that there may be a shifting market dynamic that ultimately allows it to continue climbing higher. Crypto Market Volatility Surges, Sending Trading Volume on Binance to an All-Time High Bitcoin and the entire crypto market saw intense bull-favoring volatility this morning that came about when BTC pushed from lows of $7,700 to highs of nearly $9,000, at which point it met some resistance that led it to decline slightly. In the time since making this massive movement, the market has entered what is likely a short-term bout of consolidation as the dust from this push settles. There was a trail of blood left in the wake of this volatility, as over $100 million in Bitcoin short positions were liquidated today on Bitmex alone – according to data from analytics platform Skew. Image Courtesy of Skew Trading volume also spiked as a result of this volatility, as Changpeng Zhao – the CEO of cryptocurrency exchange Binance – explained in a recent tweet that trading volume on his exchange hit an all-time high of $11 billion over the past 24-hours. “ATH in trading volume on Binance, $11 billion in 24 hrs,” he said, further going on to explain that he believes the last time a number of this magnitude was seen was in January of 2018. ATH in trading volume on @Binance, $11 billion in 24 hrs. https://t.co/lx27tfP8Db — CZ Binance 🔶🔶🔶 (@cz_binance) April 29, 2020 Fundamental Strength Continues Building Bitcoin’s ongoing rally may be different than the fleeting ones seen in years past, as the crypto is now being guided higher primarily by retail traders. Data from Skew further elucidates this notion, as the cryptocurrency’s open interest has been remaining stagnant below $500 million – suggesting that margin and futures traders have largely been sidelined. This is in stark contrast to the activity seen amongst retail traders. NewsBTC reported yesterday that data shows that the growth of new Bitcoin wallet addresses with a non-zero balance has been rocketing in recent times. Image Courtesy of Glassnode Passive investors who are buying crypto as a mid-to-long term investment may not be as apt to sell it quickly as margin traders are, providing the BTC with an undercurrent of stability that leads it higher. If the traditional markets continue on their path to recovery as well, this could further boost the entire crypto market. Featured image from Unplash.

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Tuesday 28 April 2020

US considering COVID-19 scanning for international air travellers: Donald Trump

US considering COVID-19 scanning for international air travellers: Donald Trump Trump told reporters that this could be done in coordination with either the airlines or government. “We#39;re working with the airlines. Maybe it#39;s a combination of both,” he said.

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What changed for the market while you were sleeping? Top 10 things to know

What changed for the market while you were sleeping? Top 10 things to know Trends on SGX Nifty indicate a positive opening for the index in India with a 57 points gain.

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Commodity players on sidelines ahead of key data, central bank meetings

Ravindra Rao Gold has been struggling to hold momentum over $1,700 per troy ounce but remains supported by loose monetary policy stance of central banks.

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