The stock price of MicroStrategy, which started purchasing Bitcoin in August 2020, has dropped as much as 26% recently. This is after the BTC price plunged to new lows. The company owns 129,218 bitcoins and at one point, the value of company's BTC holdings went close to $5 billion. Microstrategy also recently made a purchase of $10 Million worth of bitcoin when BTC went below 20K.

Marico Limited bought a further 4.14% stake in Apcos Naturals Private Limited, thus increasing the FMCG major's total stake in the latter to 56.52%. Following this deal, Marico will foray into the premium, natural, and ayurvedic beauty domain. It will also capitalize on the growing direct-to-consumer sales channel thanks to the investment in Apcos Naturals.

The shares of NTPC recorded a spike during early trading today. The aforementioned spike can be attributed to the fact that the power generation company logged a spike of 21.7% in power generation in the first quarter of the current fiscal year. The company generated 104.4 BU in the first quarter from April to June 2022.

Hyundai Motor's South Korean workers trade union, on July 05, announced that it is eyeing to restart a week of wage talks with management on Wednesday. The discussions between the union and the automaker's management are likely to go ahead until July 13. The move is expected to avoid the auto maker's first domestic strike in four years.

Binance’s CEO revealed that the exch has a large cash reserve & is willing to lend a helping hand to crypto companies in financial distress. The CEO said, Binance's sound financial condition is a result of shrewd business decisions taken even during the peak of the bull market.The CEO revealed that he is in talks with up to 50 struggling crypto companies to help them survive the bear market.

Satin Creditcare Network revealed that the Board of Directors of the company will hold a meeting will be held on Monday, July 11, 2022, to mull over the proposal to raise funds by way of issuance of Non-Convertible Debentures up to Rs5,000 crore. This piece of news led to a spike in the share price of the company.

Marksans Pharma's share price surged over 14% on Tuesday as the company board is likely to discuss a proposal for share buyback. The Company's board will conduct a meeting on Friday, 8th July 2022 to discuss the buyback of fully paid-up equity shares of Marksans Pharma upto such an amount of the aggregate of the company's paid-up equity share capital and free reserves that the Board will decide.

The Magicbricks Prop Index study, a survey carried out by real estate player Magicbricks, has shown that the demand for residential real estate increased by 16.9% on a quarterly basis and by 27.7% on an annual basis between April and June of this year. The report also showed that the supply (listings) spiked by 16.2% year over year and 2.9% quarter over quarter.

Peter Schiff tweeted that Puerto Rican regulators “had closed his bank account for net capital issues” instead of allowing him to “make a sale” despite the lack of evidence of crimes. Customers lost access to their accounts after a subsequent account freeze, when Schiff's bank was shut down for failing to fulfill the net minimum capital standards.

National Fertilizer's share gained on Tuesday after it registered a 47% hike in total Fertilizer Sales during Q1FY23 when the Company reported a total sale of 15.58 Lakh MT in comparison to 10.62 Lakh MT recorded during the same period last year. The robust sales growth is driven by non-urea Fertilizers like DAP, Bentonite Sulphur, Bio fertilizers, PDM and micronutrients.

Motilal Oswal commenced coverage on LIC shares with a Buy rating and a target price of ₹830 apiece. The domestic brokerage house estimates the insurance behemoth to deliver around 10% CAGR in NBP during FY22-24E while the Value of New Business (VNB) margin is expected to hike to 13.6% on improving product mix and higher profit retention.

Zee Media Corporation reported that Sudhir Chaudhary has stepped down from the position of Chief Executive Officer. His resignation will come into effect from the close of business hours on July 1, 2022. The media player commenced the process for nomination of Abhay Ojha, Chief Business Officer of the Company as crucial managerial personnel to serve in place of Sudhir Chaudhary.

China’s Vice Premier Liu He convened a meeting via a video call with Treasury Secretary Janet Yellen to discuss US economic sanctions and tariffs. This came amid reports the Biden administration is close to rolling back some trade levies. Liu expressed that the removal of tariffs and sanctions and the fair treatment of Chinese enterprises are areas of great interest to China.

📢 Amid positive global cues, benchmark indices OPENED on a positive note on July 05. 📊 At 9:15 AM, the Sensex improved by 252.56 points or 0.47% at 53487.33, and the Nifty gained 77.50 points or 0.49% at 15912.90. About 1263 shares have advanced and 331 shares have declined. 👉 Tata Motors (🔼1.93%), ONGC (🔼1.67%) and Eicher (🔼1.52%) appeared as the top performers on the Nifty50 at open.

The Euro gained by 0.04% on Monday amid an increase in risk appetite in global markets. However, there is speculation that the White House will declare an easing of some Chinese tariffs later this week helped to inject some optimism back into the market. The Euro is expected to trade negatively amid a robust dollar today. Hence, ICICI Direct recommends selling EURINR at a target of Rs 82.40