📊 At 3:30 PM, the Sensex declined by 303.35 points or 0.56% at 53,749.26, and the Nifty also fell by 99.40 points or 0.62% at 16,025.80.
👉Among sectoral indices, realty (🔻 2.88%), metal (🔻 1.95%), power, capital goods and IT declined by 1-3% each.
Elon Musk got the market’s memo. Mark Zuckerberg missed it. Cathie Wood ignored it. The message: Stop shooting for the moon, and focus on making money. Last week brought home what any competent CEO should already know about what investors want, as Tesla shares soared 12% after disappointing first-quarter results and Meta Platforms shares plunged 11% after decent first-quarter results.
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The week was a rollercoaster ride in the world of cryptocurrency. From Shiba Inu’s skyrocketing burn rate to the rising concerns about overvaluation in the crypto market, there was no shortage of action. Meme coins continued to make waves, with Pepe and Dogecoin gaining traction. Meanwhile, Cathie Wood of Ark Invest made a bold prediction about Ethereum.
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The combined revenue of the companies that have declared their March-quarter financial results so far has risen 16% year-on-year, while net profits have risen 9.3%, a Mint analysis showed. Excluding the companies in the banking, financial services and insurance (BFSI) sectors, the topline grew 4.8%, while profits were down 19.4%.
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