Fri, Feb 2, 2024 11:36 AM
Will the Interim Budget’s push for infrastructure bring cheer to MF?
A Flip by Avya Verma
Oil prices fell on Wednesday as early poll results in the U.S. election showed Democrat Kamala Harris and Republican Donald Trump locked in a tight race for the presidency. U.S. West Texas Intermediate (WTI) crude lost 27 cents, or 0.4%, to trade at $71.72 per barrel, and Brent crude oil futures lost 0.35 cents, or 0.46%, to trade at $75.18 per barrel at 0132 GMT.
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The Nifty recovered from its lows on Tuesday, gaining 370 points or 1.55% to close above 24,200, led by a sharp rebound in the Nifty Bank, which gained 1,341 points or 2.64%. The indices rallied on short-covering and oversold setups on the charts, with nearly every sectoral index, except FMCG and Media, participating in the recovery.
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The US markets are on edge as election uncertainty pushes Bitcoin below $69,000. The numbers tell an interesting story. Bitcoin ETFs just saw their second-largest daily outflow ever - right before Election Day. Seems like big investors aren't too keen on taking chances with their digital gold right now. Speaking of chances, the race between Trump and Harris couldn't be closer.
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