India's UPI 'incredibly painful' experience for ecosystem participants: Mastercard CFO
Speaking at the recent UBS conference, Mehra said that "it is an incredibly painful experience for ecosystem participants who all end up losing money as part of that proposition," reports TechCrunch.
Wipro leads Sensex rally
The fact that Nifty is just 2.5 per cent away from the all-time high indicates the strength and resilience of the market, says V.K. Vijayakumar, the Chief Investment Strategist at Geojit Financial Services.
Sensex regains 66k mark
Sensex is trading at 66,072 points on all round buying in heavyweight stocks.
Real estate stocks shine on strong sales momentum
BSE Realty Index was up 4.57 per cent in trade on Tuesday and Prestige Estates led the sector with a gain of 12 per cent.
Sensex up more than 500 points as crude prices correct
The decline in the dollar and US bond yields are mild and therefore, not adequate for a reversal of FII selling, which continues to be very high. But the sharp correction in Brent crude to $86 is a big positive, he said.
Sensex falls below 65K mark as heavyweights under selling pressure
BSE Sensex is trading at 64,944 points in afternoon trade.
Market momentum broken, expect further downside
BSESENSEX lost 1,829.48 points or 2.70 per cent to close at 66,009.15 points while NIFTY lost 518.10 points or 2.57 per cent to close at 19,674.25 points. The broader markets saw BSE100, BSE200 and BSE500 lose 2.51 per cent, 2.37 per cent and 2.33 per cent respectively. BSEMIDCAP lost 1.71 per cent while BSESMALLCAP was down 2.04 per cent.
Cisco to acquire cybersecurity leader Splunk for $28 bn in GenAI era
Upon close of the acquisition, Splunk’s CEO, Gary Steele, will join Cisco’s Executive Leadership Team, reporting to Cisco Chairman and CEO Chuck Robbins.
Domestic markets slump due to rising US bonds yields, weaker rupee
While Sensex reported a loss of 796 points, or 1.18 per cent, to settle at 66,800, Nifty closed at 19,901, down 232 points or 1.15 per cent.
Sensex cracks more than 600 points due to multiple headwinds
To add to these headwinds, now there is the disappointing news of the likely compression of NIMs of HDFC Bank, which might temporarily impact sentiments in Bank Nifty, he said.