Fri, Apr 26, 2024 3:47 PM
Ways Gen-Z investors can turbocharge their wealth planning
A Flip by Avya Verma
India's largest depository Central Depository Services (India) Limited (CDSL) registered a record 1.09 crore Demat accounts in the March-ended quarter of FY24, taking the overall tally of Demat accounts registered to over 11.56 crore.During the fiscal year 2023-24, over 3.26 crore new Demat accounts were opened with the highest quarterly registration of Demats in CDSL's history.
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With Israel and Iran stepping back from direct conflict, volatility has dropped back to multiyear lows and the skew has flipped back to favoring puts, as focus returns to the usual suspects: interest rates, OPEC+ supply and global demand growth. “On geopolitics, the probability implied from the options market of Brent above $100 by year end has reset back to 9% from reaching as high as 17%."
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Super Micro Computer (NASDAQ: SMCI), more commonly known as Supermicro, posted its latest earnings report on April 30. For the third quarter of fiscal 2024, which ended on March 31, the server maker's revenue surged 201% year over year to $3.85 billion but still missed analysts' expectations by $100 million. Its adjusted earnings soared 308% to $6.65 per share.
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