Cryptocurrency is an emerging asset class that's been rising in popularity during the past several years. I see a couple of valid reasons to consider investing in crypto. First, I think some investors are intrigued by the idea of digital currencies replacing fiat money in the future -- hence, buying crypto becomes an appealing decision.

Swiggy IPO: The initial public offering (IPO) of online food ordering and delivery player Swiggy is set to hit the Indian primary market on Wednesday, November 6. The ₹11,327 crore book-built issue will remain open till Friday, November 8.Meanwhile, according to reports, several prominent investors, including Norway’s sovereign wealth fund Norges and Fidelity, placed bids worth more than $15 bn.

The Indian stock market delivered an impressive performance last Samvat, with the benchmark Nifty 50 soaring almost 25 per cent. However, according to Shankar Sharma, ace investor and the founder of GQuant, an AI-tech company, Samvat 2081 could be challenging and a year of moderate to negligible returns. India’s performance in the last year has been exceptional, to say the least.

Investors have plowed money into funds tracking bitcoin, betting on a return of Republican Donald Trump to the White House even as they expect wild price swings in the world’s largest cryptocurrency during the election week, data showed. Exchange-traded funds (ETF) tracking the spot price of bitcoin notched net inflows of $917.2 million on Wednesday, the biggest one-day increase since March.

Marking the highest-ever monthly selling spree, the foreign portfolio investors (FPIs) in India offloaded a staggering Rs 1,13,858 crore through the exchanges in the month of October. However, they remained active buyers in the primary market for the month. As opposed to the huge sell-off in the secondary market, the FPIs invested Rs 19,842 crore in the said time period.

Bitcoin surged 12% in October, with investors flocking to crypto ETFs in anticipation of a potential Trump re-election, which could lead to crypto-friendly legislation. BlackRock's iShares Bitcoin Trust ETF saw its highest single-day intake since launching, with analysts attributing the influx to rising Republican win odds.

Tata Investment Corporation's Q2 results showed an 8.8% year-over-year revenue increase, but a 0.6% profit decline, with a 12.45% revenue growth and 5.63% profit decrease quarter-over-quarter. Rising SG&A expenses impacted profit margins, but operating income grew 13.81% quarter-over-quarter and 10.74% year-over-year.

Coal India, Hindustan Unilever (HUL) and REC Ltd among a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividends, bonus issues and stock splits. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer.

On Diwali, the NSE introduces the NSEIndia mobile app and expands its website to support eleven regional languages, enhancing accessibility and inclusivity for Indian investors. The app provides market insights, personalized watchlists, and derivatives market data, aiming to empower investors with intuitive tools and real-time information.

New York: Hedge funds and other investors are searching for trades that profit from a win by Republican presidential candidate Donald Trump, but also offer limited downside in the event of a victory by Vice President Kamala Harris. As the nearly deadlocked race nears, some are looking for so-called asymmetric trades involving bitcoin or the yuan, assets which could yield big profits.

SEBI's efforts to improve IPO timelines and processes, including exploring AI for offer document processing, have led to significant reductions in issue timelines, but mandatory 50% allocation to retail and HNI investors may no longer be relevant, and reviewing this could further improve efficiency.

India’s chemical and petrochemical industry is charting a path towards becoming a global powerhouse, integral to the nation’s economic vision of a USD32 trillion economy. This ambitious journey hinges on a dynamic chemical sector, with manufacturing output projected to increase by an extraordinary 50 times, reaching USD6 trillion.

Nvidia Corp., the chipmaker at the heart of the artificial intelligence boom, is joining the oldest of Wall Street’s three main equity benchmarks. The company will replace rival Intel Corp. in the 128-year-old Dow Jones Industrial Average prior to the start of trading on Nov. 8, S&P Dow Jones Indices said in a statement late November 1.

Buy or sell stocks: Despite market volatility, India’s benchmark Nifty 50 broke its four-week losing streak, ending last week with a modest gain of approximately 0.51 per cent. Regarding stocks to buy today, Sumeet Bagadia recommended buying these three shares on Monday: 📌ONGC, 📌Mahindra and Mahindra and 📌Aditya Birla Fashion and Retail (ABFRL).

Gold And Silver Prices Today: Gold prices experienced a minor decline on Saturday. The price of 24 carat gold is Rs.8072.3 per gram, reflecting a decrease of Rs.790.0. The price of 22 carat gold is Rs.7401.3 per gram, down by Rs.720.0. The price change for 24 carat gold over the past week has been -1.08%, while the change over the last month has been -4.44%.