Stock market

Bitcoin has dropped about half of its value since its November high and has been hovering around $30,000 for the past month. Some investors believe bitcoin has reached a bottom, based on the amount of money flowing into listed cryptocurrency funds, which represent a small portion of the market. Funds experienced an average weekly inflow of $66.5 million, reversing a disastrous April loss of $49.6 million. 

After a previous mini-rebound, Bitcoin's price decreased on June 1. Despite the drop, the world's largest cryptocurrency was still trading over the $31,000 threshold. This occurred despite continued fears about inflation and the possibility of a recession. Over the previous four days, Bitcoin has gained over 8%. But bitcoin was trading at $31,437.72, down 0.69% on June 1. While the majority of cryptocurrencies declined, Luna increased by over… read-more

Indian equities were slightly altered on May 23 after advancing over 3% the prior session, as a severe selloff in metal companies offset advances in automobile sector. The Nifty metals index fell 6.6 percent, while the Nifty auto index increased by 2%. The Indian government announced on May 22 that it will eliminate import duty on anthracite, PCI coal, and coking coal, with the goal of lowering raw material costs.

The director of a "fake" stock market advising firm was detained on May 18 by the Chhattisgarh police's cyber wing for reportedly deluding a doctor in Raigarh district of ₹87 lakh. The accused, Mohsin N, a Kerala native, was apprehended in Bengaluru and brought to Raipur. He claimed that his company, Creative Technology, was employed as a financial analyst for a Singapore-based financial corporation. The bank accounts are being frozen.

Mark Zuckerberg owned Meta witnessed a 26% fall in stock, with a loss of $31 billion. With this huge loss, the company's net market value has been wiped out by $251 billion. The sudden fall in stock market and profit decline in fourth quarter year, has also pushed Zuckerberg to the 12th spot in Forbes' billionaire list. Ahead of Zuckerberg are now India's billionaires, Gautam Adani and Mukesh Ambani.