Stock Market & Cryptocurrency News of the Day
As of 11 February 2022
On Friday, investors’ wealth plummeted by almost Rs 3.91 lakh crore, owing to the overall market’s extraordinary weakness.
Among the BSE 30-share benchmark frontline businesses, IT firms were the largest drag. The largest loser was Tech Mahindra, which fell roughly 3%, followed by Infosys, HCL Technologies, and Wipro.
The BSE smallcap and midcap indexes fell 1.90 percent in the wider market.
“Today’s domestic market was devastated by aggressive FII selling triggered by bearish global indications. Concerns over rising US inflation fueled expectations of a hawkish rate rise by the central bank, sending global markets into a tailspin “Geojit Financial Services’ Head of Research, Vinod Nair, stated.
Gold financiers’ stock dropped on Friday as a result of the US’s 40-year-high inflation, which caused outflows from the yellow metal, driving the price down dramatically. Inflation raises the value of the dollar, which lowers the value of gold.
Top 3 stock gainers: -
- Schneider — 128%
- Orient Refractories — 486%
- Varun Beverages — 936%
Crypto Market Analysis
The overall crypto market volume over the previous 24 hours has increased by 16.82 percent to $106.58 billion. The entire volume in DeFi is currently $12.72 billion, accounting for 11.94 percent of the total 24-hour volume in the crypto market. The overall volume of all stable currencies is currently $88.28 billion, accounting for 82.83 percent of the entire 24-hour volume of the crypto market.
Top 3 crypto gainers
- MetaPay up by 756%
- Doge Rise Up — up by 672.43%
- Pappay — up by 432%
Top 5 crypto performance
- Bitcoin is up by 0.48% currently priced at $43,647
- Ethereum is up by 0.33% currently priced at $3,116.
- Tether is stable with no change and is selling at $1.
- BNB is up by 0.95% currently priced at $416
- USD Coin is down by 0.06% and is priced at $0.9996
