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While the Nasdaq powered to yet another record as tech firms are fired by people being forced to stay at home by the virus, the Dow and S&P 500 dipped, though both enjoyed their best August in more than 30 years.
Morgan Stanley may bet on Bitcoin in $150-billion investment armMorgan Stanley’s affirmation would put the heft of an almost-century-old marquee Wall Street name behind a volatile asset class that’s still struggling to win acceptance in much of the traditional financial industry.
from St… Read MoreCboe Volatility Index below 20The volatility measure peaked on March 18 at 85.47 and has tumbled 77% since then. Friday’s drop of 6% came as the S&P rose 0.5%.
from Stocks-Markets-Economic Times https://ift.tt/3dfqCKS
… Read MoreCrypto exchanges, experts may move outIndustry, investors fearing a drain of both talent and business in case of an adverse bill
from Stocks-Markets-Economic Times https://ift.tt/3jOp6QZ
… Read More14,900-15,000 is strong support for Nifty; Pharma, IT & FMCG could surgeThe Nifty is trading at 22.3 times on a one-year forward basis which is at a 45% premium to its 15-year average. Technical analysts see strong support for the index at 14,900-15,000.
from Stocks-Markets-Economic Times https:… Read MoreTata Steel to double capacity at existing facilitiesTata Steel has restarted work on a pellet plant and cold-roll mill complex expansion at Tata Steel Kalinganagar. It was halted due to the lockdowns. The expansion of the Kalinganagar plant to 8 mtpa from 3 mtpa will incur a c… Read More
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