Indian benchmark indices closed relatively flat on Monday, impacted by several factors including persistent selling by foreign institutional investors (FII), underwhelming quarterly earnings reports, and weak performance in Asian markets. Analysts suggest investors avoid buying Hindalco, ONGC, and Asian Paints at current prices due to various technical indicators and market trends.
All crypto exchanges in India are required to be registered with the FIU (Financial Intelligence Unit- India). You'll be required to do the KYC (Know Your Customer) by the an Aadhar Card and PAN card to the platform.
Bitcoin prices have soared by around 127% in the past year from $36,000 levels. Dow Jones industrial Average index of the US and India's benchmark Nifty 50 have gone up 30.3% and 11.11%, respectively, during this period. The virtual currency was at $69,373.7 on the day of voting in the US, also the day before Trump claimed victory. It has surged about $14,600 since then.
Investors bought equity funds worth 41,887 crore in October, the highest ever in a month, compared to 34,419 crore in September. SIP purchases amounted to 25,323 crore, up from 24,509 crore in the previous month
The Bhartia family and Goldman Sachs are joining forces for a significant deal. They are planning to acquire a large stake in HCCB, the bottling arm of Coca-Cola in India. Goldman Sachs will provide substantial financial backing for this venture. The deal involves a planned future listing of HCCB, allowing Goldman Sachs to exit strategically. This move mirrors PepsiCo's successful strategy with Varun Beverages.
