Nearly $180 million in Bitcoin short positions have been wiped after it crossed $75,000, but analysts say “election-driven volatility” may be near its peak.Bitcoin traders who bet on an election-induced price decline have been liquidated to the tune of $180 million as the cryptocurrency shattered its previous all-time high and briefly hit $75,000.
Open FlipShares of Oil India surged around 6% on November 6, following a robust earnings report. The state-owned firm reported a substantial net profit increase to Rs 2,069 crore, up from Rs 640 crore in the same quarter last year. However, revenue for the quarter fell 8% Y/Y. Analysts at Motilal Oswal and Kotak Institutional Equities had anticipated a net profit range of Rs 1,667.7 crore to Rs 2,123.2 cr.
Open FlipApartment rental growth in Bengaluru has dropped between 5 and 10%, with rentals in areas close to prime locations remaining stagnant since the last quarter, according to real estate brokers. The slowdown comes after a major hike of close to 30-40% in most areas in the last two years. The skewed demand and supply ratio is the primary cause behind the rental stabilisation across the city.
Open Flip