Thu, Nov 21, 2024 2:35 PM
Record $9.7B stablecoin inflows could drive Bitcoin to $100K
A Flip by Avya Verma
The Q2 FY25 earnings season for Nifty 50 constituents showed a mixed sector-wise performance, with Pharma and Realty demonstrating robust growth, while Energy and Infrastructure faced profitability challenges, reflecting the impact of macroeconomic conditions, consumer trends, and industry-specific challenges.
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A 26-year analysis of the BSE-Sensex index shows 19 years of positive returns and 7 years of negative returns, with average yearly returns of 16.4% and compounded returns of 12.5%. Valuations tend to fluctuate with earnings and external developments, and currently, Sensex stocks are not particularly cheap from a historical perspective.
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The US SEC has issued a summons to Adani Group's founder and chairman, Gautam Adani, and his nephew and Adani Green Energy's executive director, Sagar Adani, thereby kickstarting legal proceedings in the alleged ₹2,000 crore ($250 million) bribery case. On Wednesday, federal prosecutors in New York indicted a total of eight individuals for bribery to obtain lucrative solar-energy contracts.
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