Bitcoin and XRP are two cryptocurrency options backed by billionaires, with potential for long-term growth and adoption. Bitcoin's store of value and XRP's ability to transform the financial system make them attractive investments, with billionaires such as Jack Dorsey, Bill Miller, and Tim Draper betting on their futures.
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Anand Shah, Head of PMS & AIF Investments at ICICI Prudential AMC, is bullish on banking and power sectors, citing favorable risk-reward balance in large-cap banking stocks and rising electricity consumption in power sector, and also sees growth potential in auto ancillaries with diversified customer base.
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US stock futures soared on Thursday amid growing optimism that the Federal Reserve's bumper interest-rate cut will deliver a "soft landing" for the US economy. S&P 500 futures (ES=F) climbed 1.6%, while Dow Jones Industrial Average futures (YM=F) rose 1.2%, both setting the stage for fresh record highs. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the gains, up 2.1%.
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