Will Nifty trade above 22,650 after positive global cues, or consolidate ahead- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here is all you need to know before the market opens.
GIFT Nifty traded up by just 112 points or 0.50% at 22,693 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 ended down by 172.35 points or 0.76% to settle at 22,475.85 while the BSE plunged 732.96 points or 0.98% to 73,878.15.
“Once again, the markets experienced significant volatility, ending the day with a loss of nearly one percent. Despite a positive start driven by strong global cues, profit-taking in heavyweight stocks not only wiped out early gains but also pushed the index into negative territory. Ultimately, the Nifty settled around the 22,456.65 mark, down by 0.85%. Major sectors such as auto, IT, and realty were among the primary losers. Additionally, broader indices also saw a decline …
Lindsay Lohan Accused by SEC of Illegally Touting Crypto Token
The U.S. Securities and Exchange Commission sued crypto mogul Justin Sun for allegedly violating securities rules, and said eight celebrities including Lindsay Lohan and the artist known as Soulja Boy illegally touted tokens.
Lohan and Soulja Boy, whose real name is DeAndre Cortez Way, illegally promoted the tokens — Tronix and/or BitTorrent — without disclosing compensation, the SEC alleged. Most of the celebrities agreed to pay a total of more than $400,000 to settle the allegations, without admitting or denying the SEC’s findings, the agency said in a statement. The only two that didn’t were Soulja Boy and singer-songwriter Austin Mahone.
Lohan didn’t immediately respond to requests for comment by phone or email. The attorneys representing Cortez Way and Mahone declined to comment.
The lawsuit, filed on Wednesday in federal court in New York, alleges that Sun worked with companies he owns and controls – the Tron Foundation, Bi…
Costco Sells Emergency Bucket of Food
If you want to be prepared for any situation, whether that be an extreme weather event or a doomsday scenario, Costco has you covered—the retailer is selling an emergency bucket of food that has a shelf life of up to 25 years.
The Readywise Emergency Food Bucket has a total of 150 servings of freeze-dried foods, dehydrated foods, and drinks. Currently selling for $79.99 at the wholesale retailer, the bucket includes meals like pasta alfredo, cheesy macaroni and chicken noodle soup, among others. It even includes some gluten-free options, like teriyaki rice and tomato basil soup with pasta.
“This meticulously curated package goes beyond just food—it’s about readiness in the face of uncertainty,” according to the product description on Costco’s website.
“In a world where unpredictability has become a constant, our assortment takes on a vital role in emergency preparedness,” the product description continued. “Imagine the sudden onset of severe…
Yellen- Treasury ‘Not Involved’ in Planning With Investors for Default
Treasury Secretary Janet Yellen said on Wednesday that the Treasury Department was not currently talking to investors about what would happen if a deal on the debt ceiling isn’t reached and the U.S. defaults, affirming her belief that an agreement is possible and emphasizing the necessity for a resolution by the June 1 deadline.
“We are committed to not having missed payments and raising the debt ceiling,” she said while speaking at The Wall Street Journal’s CEO Council Summit via video link. She said the Treasury Department is not currently in conversations with investors about what might happen if the U.S. does miss payments. “We’re not involved in planning for what happens if there’s a default.”
Read More: What to Know About the History of the Debt Ceiling
As President Joe Biden and Speaker of the House Kevin McCarthy continue negotiations over raising the federal debt ceiling, Yell…