Tag: Stock Market

  • NSE IPO Day 1: Retail and HNI Demand Outpaces Institutional Interest

    NSE IPO Day 1: Retail and HNI Demand Outpaces Institutional Interest

    The National Stock Exchange (NSE) of India launched its much-anticipated initial public offering (IPO) on Day 1, with overall subscription reaching 43%. The Rs. 22,562 crore offer saw bids for nearly 3.8 crore shares against the 8.9 crore shares on offer. However, the response from institutional investors was notably cautious, with only 19% of their allotted portion subscribed.

    In contrast, retail investors subscribed 44% of their quota, while non-institutional investors (HNIs) showed stronger demand at 72%. The employee portion was almost fully subscribed, underscoring broad-based interest from smaller investors.

    Key Details of the NSE IPO

    The IPO is structured as an offer for sale, meaning the exchange will not receive any fresh capital from the proceeds. The price band is set at Rs. 1,700 to Rs. 1,785 per share, placing NSE’s valuation at around Rs. 4.42 lakh crore at the upper end. This is lower than earlier expectations of approximately Rs. 5 lakh crore, partly due to concerns over derivatives trading and future earnings.

    NSE remains a cornerstone of India’s financial markets, but its FY26 revenue dipped 3.1% and profit fell 15.5%, which may have contributed to the tempered institutional appetite.

    Why Institutional Investors Are Holding Back

    The low institutional participation on Day 1 does not necessarily signal rejection. In large IPOs, institutional bids often build up closer to the closing date. Domestic institutions such as SBI, SBI Caps, SHCIL, Bank of Baroda, and several private life insurers hold NSE stakes valued at roughly Rs. 72,000 crore, indicating long-term confidence.

    Investors are weighing NSE’s dominant market position against its recent earnings performance. The next few days will be crucial to see if institutional investors increase their participation, which could significantly boost overall subscription numbers.

    As the IPO enters its critical phase, market watchers will closely monitor the demand from qualified institutional buyers (QIBs) in the coming days.

  • NSE IPO Attracts 43% Subscription on Opening Day for Rs 22,569 Crore Offering

    NSE IPO Attracts 43% Subscription on Opening Day for Rs 22,569 Crore Offering

    India’s National Stock Exchange (NSE) launched its much-anticipated initial public offering (IPO) on Thursday, and the Rs 22,569 crore issue saw a 43% subscription rate on the first day. Investors bid for 3.83 crore shares against the 8.86 crore shares on offer, making it the country’s second-largest public offering.

    The IPO faced cautious demand as eleven other public offerings competed for investor capital in the same week. Qualified institutional buyers subscribed 19%, while retail investors reached 44% and non-institutional investors hit 72%.

    The NSE IPO has a price band of Rs 1,700 to Rs 1,785 per share, implying a valuation near USD 46 billion. Regulatory changes and weaker options activity have raised questions about future derivatives-led earnings growth. NSE generates about 80% of its revenue from trading, with options contributing around 60% of trading revenue. Options volumes have fallen 27% from their 2024 peak, increasing investor focus on future revenue growth.

    The crowded IPO calendar added another hurdle for the massive NSE public offering this week. Five mainboard and six SME issues together targeted around Rs 24,500 crore from investors. The NSE issue represented more than 90% of that combined value, concentrating demand around one enormous offering. Market participants therefore had several opportunities to distribute capital instead of committing heavily on opening day.

    The offer follows an offer-for-sale structure, limiting the direct benefit for NSE from the public issue. Existing shareholders are selling shares, while the exchange receives no fresh funds for expansion or new investments. NSE reduced the offering from an earlier plan, bringing the issue below its initial estimate of around Rs 30,000 crore.

    Institutional caution became clearer through first-day figures, despite strong anchor investor participation before launch. NSE raised Rs 6,746 crore from anchors, including LIC, Goldman Sachs, Fidelity, and major sovereign wealth funds. Reuters quoted Fident Asset Management founder Aishvarya Dadheech on institutional participation near the closing stages: “Subscriptions will pick up as institutional buyers start coming in.”

    The NSE IPO remains open through September 21, with listing planned for September 24. The muted opening reflects timing, valuation concerns, and uncertainty around derivatives growth rather than a single factor.

  • Tata Group Stocks Slide as SP Group Moves to Monetize Rs 25,000 Crore Stake

    Tata Group Stocks Slide as SP Group Moves to Monetize Rs 25,000 Crore Stake

    Tata Group stocks witnessed a sharp decline on Friday as the SP Group announced plans to monetize its stake in Tata Sons, targeting at least Rs 25,000 crore through two transactions over an 18-month period. The proposal reignited concerns about ownership structure and governance within the conglomerate, triggering a selloff across key listed entities.

    Market Reaction

    Tata Chemicals led the decline, dropping as much as 7.8% during early trading. Tata Investment Corporation slipped nearly 3.9%, while TCS fell 3%. Tata Motors Passenger Vehicles declined 2.6%, and Tata Power was down 1.4%. Meanwhile, Tata Steel remained almost flat, and Tata Capital gained around 1.1% in early market hours.

    SP Group’s Proposal

    The SP Group, led by Cyrus and Ratan Tata’s estranged factions, seeks liquidity from its Tata Sons holdings without immediately forcing a public listing. The proposed transaction involves shares held through Sterling Investments Corporation and Cyrus Investments. Under the plan, Tata Sons could pursue selective capital reduction through the National Company Law Tribunal (NCLT).

    Governance Disputes Intensify

    The proposal adds to ongoing tensions over Tata Sons’ leadership and future listing ambitions. The board recently approved N Chandrasekaran’s five-year reappointment as executive chairman and moved toward exploring a public listing for the holding company. However, Tata Trusts, the majority shareholder, opposed both developments, stating, “The Trusts’ position remains unchanged, as a considered judgement of a majority shareholder.” The Trusts urged the board to consider alternatives beyond listing.

    Adding to the regulatory pressure, the Reserve Bank of India (RBI) rejected Tata Sons’ request to surrender its Core Investment Company registration, keeping it within the Upper Layer NBFC framework.

    Impact on Listed Entities

    The ownership structure links several listed Tata companies to Tata Sons’ fortunes. Tata Chemicals, Tata Motors, and Tata Investment hold stakes in Tata Sons, making their valuations indirectly sensitive to these developments. According to ICICI Securities, Tata Chemicals holds around 2.5% in Tata Sons.

    Friday’s selloff reflects uncertainty surrounding Tata Sons rather than operational weakness in the individual businesses. The previous day’s rally, driven by the leadership decision and renewed listing expectations, has now reversed as investors reassess the implications of the SP Group’s proposal.

  • Indian Stock Market Opens Higher as Falling Oil Prices Boost Sentiment: Nifty 50 Rises 64 Points, Sensex Gains 260 Points

    Indian Stock Market Opens Higher as Falling Oil Prices Boost Sentiment: Nifty 50 Rises 64 Points, Sensex Gains 260 Points

    The Indian stock market opened higher on Thursday, buoyed by a decline in global oil prices and mixed cues from international markets. The Nifty 50 index started the session at 23,334.70, gaining 64.1 points or approximately 0.28%, while the Bank Nifty advanced 117.1 points from its previous close. Meanwhile, the Sensex climbed 260.65 points to reach 74,575.24.

    Broader market participation improved, with the Nifty Midcap index rising 0.52% and the Nifty Smallcap index gaining 0.86%. The Indian rupee opened flat at Rs. 95.87 against the US dollar.

    Foreign Institutional Investors (FIIs) remained net sellers in the cash market on September 17, offloading shares worth Rs. 3,208.76 crore. In contrast, Domestic Institutional Investors (DIIs) were net buyers, purchasing Rs. 3,617.75 crore worth of equities.

    Sensex Outlook

    According to Sachin Gupta, VP of Technical Research at Choice Equity Broking Private Limited, the Sensex is expected to maintain its negative bias unless it breaks above the resistance zone of 74,700–75,000. On the downside, the 73,500–74,200 range serves as a critical support area. If the index falls below this level, selling pressure may intensify.

    Nifty 50 Outlook

    The Nifty 50 ended Thursday’s session 53 points higher, forming a small green candle with an upper shadow on the daily chart. The recent recovery has emerged from the key support zone around 23,100–23,000. However, the index lacks strength to reverse the prevailing trend of lower highs and lower lows.

    On the upside, the 23,400–23,500 zone poses strong resistance. A sustained move below 23,000 could trigger a deeper correction.

    Bank Nifty Outlook

    The Bank Nifty formed a long upper-shadow bearish candle, indicating strong supply at higher levels. The sharp rejection from the day’s high suggests sellers remain active. Immediate support is seen at 55,500–55,700, while resistance lies at 56,300–56,500.

    Gupta noted that the broader range for the Bank Nifty is likely to be 55,500–56,500, with a near-term sideways bias. An upside breakout above 56,500 would improve the technical structure, whereas a fall below 55,500 could add further downside pressure.

    Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should conduct their own research before making any financial decisions.

  • FTSE 100 Opens 45 Points Lower as Bank of England Holds Rates; Brent Crude Sinks to $102.5

    FTSE 100 Opens 45 Points Lower as Bank of England Holds Rates; Brent Crude Sinks to $102.5

    The FTSE 100 opened 45.03 points lower at 10,771.11 on Friday after the Bank of England kept interest rates unchanged while adopting a more hawkish stance. Investors also weighed the Bank of Japan’s latest rate hike. Meanwhile, Brent crude futures fell 2.05% to USD 102.5 per barrel, and US West Texas Intermediate declined 1.89% to USD 99.98.

    BoE Holds Rates at 3.75%

    The Bank of England’s Monetary Policy Committee voted 6-3 to leave Bank Rate at 3.75%, repeating the split seen in July. Huw Pill, Megan Greene and Catherine Mann again voted for a 25-basis-point increase.

    In a notable move, the BoE paused all gilt sales until April 2027 and removed bonds maturing after 2049 — around GBP 120 billion — from active sales. The Bank is also exploring a mechanism to transfer gilts directly to the UK government treasury, replacing long-dated supply with shorter issuance.

    Sterling and Commodities

    Sterling was quoted at USD 1.3363 early Friday, slightly higher than USD 1.3356 at Thursday’s London close. Against the euro, the pound rose to EUR 1.1638 from EUR 1.1627.

    Gainers and Losers

    Top gainers:

    • Fresnillo: +2.70% at 3,085p
    • IG Group Holdings: +2.21% at 1,344p
    • Endeavour Mining: +2.20% at 4,777p
    • Lion Finance Group: +2.17% at 14,120p
    • Antofagasta: +1.35% at 3,752p
    • Polar Capital Technology Trust: +1.14% at 664.50p

    Top decliners:

    • Coca-Cola HBC: -3.86% at 4,432p
    • Next: -2.51% at 14,545p
    • Coca-Cola Europacific Partners: -1.25% at 7,505p
    • Shell: -1.13% at 3,530.50p
    • London Stock Exchange Group: -0.56% at 8,216p
    • Games Workshop Group: -0.51% at 17,670p

    UK Retail Sales Rebound in August

    Retail sales rose 0.5% in August, reversing a 0.5% decline in July, according to the Office for National Statistics. The increase was driven by warmer weather, which boosted demand for fans and air conditioning units, while the World Cup lifted sales of sports merchandise and clothing. Economists polled by Reuters had forecast a 0.2% drop.

    Investec Raises Earnings Targets

    Investec doubled down on its earnings outlook after strong activity in its South Africa division offset a subdued UK performance. The lender projected earnings per share of 41.7p to 43.3p for the six months to 30 September, representing a 3% to 7% rise year on year. South African wealth funds under management grew 13.8% to GBP 30.7 billion, while the UK business expects operating profit to fall between 2% and 6% from the GBP 230 million recorded last year.

    Global Market Update

    Wall Street rebounded overnight as government bond yields retreated. The S&P 500 gained 1.2%, the Nasdaq Composite rose 1.7%, and the Dow Jones added 0.6%, or 316 points.

    In Asia on Friday, Tokyo’s Nikkei 225 climbed 1.38% to 65,018.95, while China’s Shanghai Composite fell 0.94%. Hong Kong’s Hang Seng advanced 0.56%, and South Korea’s Kospi rose 2.66%. In India, the Nifty 50 and Sensex gained 0.25% and 0.28%, respectively.

  • NSE IPO Opens September 17 Alongside Six Stock Debuts: Key Details for Investors

    NSE IPO Opens September 17 Alongside Six Stock Debuts: Key Details for Investors

    NSE IPO Opens for Subscription

    Dalal Street is bracing for a busy session on Thursday, September 17, as the National Stock Exchange’s long-awaited initial public offering opens for subscription. The same day, six companies that completed their IPOs last week are scheduled to begin trading on the NSE and BSE.

    The NSE IPO is an offer for sale, meaning existing shareholders are selling their shares and the exchange itself will not receive any proceeds from the offering. The issue is valued at around Rs. 22,568 crore, making it one of India’s largest public offerings, with a price band fixed at Rs. 1,700 to Rs. 1,785 per share. The subscription window remains open from September 17 to September 21.

    Ahead of the public issue, 189 institutional investors participated in the anchor allocation, buying shares worth approximately Rs. 6,746 crore at Rs. 1,785 per share.

    Six Companies Ready for Listing Day

    Investors will also track the stock-market debut of six companies that wrapped up their IPOs last week:

    • RentoMojo
    • LCC Projects
    • Manipal Payment & Identity Solutions
    • Asset Reconstruction Company (India)
    • Karamtara Engineering
    • Steamhouse India

    Collectively, these six issues generated strong demand. According to the Times of India, the offerings drew total bids of around Rs. 1.4 lakh crore, against a combined mobilisation target of about Rs. 7,100 crore.

    Among the debutants, RentoMojo raised about Rs. 1,255.6 crore, Karamtara Engineering Rs. 875 crore, Manipal Payment & Identity Solutions Rs. 805 crore, Asset Reconstruction Company (India) Rs. 733 crore, LCC Projects Rs. 427 crore and Steamhouse India Rs. 414 crore.

    Derivatives Market in Focus

    The NSE listing also comes at a time of change in the derivatives segment, a key revenue source for the exchange. Reuters reported that investors are weighing recent regulatory changes and softer derivatives volumes while assessing the offer.

    With the primary market buzzing, Thursday’s session is expected to keep Dalal Street active as both the exchange’s IPO and the new listings take centre stage.

    This article is for informational purposes only and does not constitute investment advice. Readers should conduct their own research before making investment decisions.

  • NSE IPO Subscription Begins: Price Band, GMP, Brokerage Insights, and Key Dates

    NSE IPO Subscription Begins: Price Band, GMP, Brokerage Insights, and Key Dates

    The much-anticipated initial public offering (IPO) of the National Stock Exchange (NSE) opens for public subscription on September 17, giving investors a chance to participate in one of India’s largest public issues. The subscription window remains open through September 21, with trading on the BSE scheduled to begin on September 24.

    IPO Price Band and Offer Details

    The NSE IPO is priced between Rs. 1,700 and Rs. 1,785 per share. The issue, which totals approximately Rs. 22,569 crore at the upper price band, is entirely an offer for sale (OFS). This means all proceeds will go to existing shareholders, not to the exchange itself.

    Lot Size and Retail Subscription

    Retail investors can bid for a minimum of eight shares, requiring an outlay of Rs. 14,280 at the upper end of the price band. The net offer reserves 50% for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.

    The exchange has trimmed the number of shares on offer compared with earlier plans, with the final offer comprising up to 12.64 crore shares through the OFS route. On September 16, anchor investors were allocated shares worth roughly Rs. 6,746 crore at Rs. 1,785 per share. LIC was among the largest anchor investors, joined by Norway’s Government Pension Fund, Abu Dhabi Investment Authority, and Fidelity.

    NSE IPO GMP Today

    The grey market is signaling a premium over the upper price band. Business Standard reported a grey market premium (GMP) of up to 9%, placing NSE shares around Rs. 1,945 — a Rs. 160 premium over the issue price of Rs. 1,785.

    Important note: GMP is an unofficial, speculative indicator that can change before listing. It should not be viewed as a guaranteed listing gain or as a substitute for evaluating the company’s fundamentals and valuation.

    What Brokerages Recommend

    Brokerage views are mixed. Choice Broking, Ventura, and Swastika have issued “Subscribe” recommendations, citing NSE’s dominant position in cash equities and equity derivatives, along with its clearing, indices, market data, and analytics businesses.

    Religare Broking has taken a “Neutral” stance, pointing to NSE’s dependence on trading activity, transaction charges, and regulatory changes. The brokerage also cautioned that a slowdown in market volumes could pressure earnings.

    “There is no other way to own Indian market infrastructure at this scale, and a first listing rarely comes cheap. Accordingly, we assign a rating of SUBSCRIBE.” — Choice Broking

    Allotment and Listing Timeline

    Share allotment is expected to be finalized on September 22, with shares likely to be credited to investors’ demat accounts on September 23. NSE’s shares are scheduled to debut on the BSE on September 24.

    Investors evaluating the IPO should weigh NSE’s market position, valuation, reliance on trading volumes, regulatory environment, and the fact that the issue is entirely an offer for sale.

  • SEBI Clarifies No Proposal to Trade NSE Shares Post-IPO Amid Exchange’s Rs 22,569 Crore Listing

    SEBI Clarifies No Proposal to Trade NSE Shares Post-IPO Amid Exchange’s Rs 22,569 Crore Listing

    The Securities and Exchange Board of India (SEBI) has confirmed that it has not received any request from the National Stock Exchange (NSE) to permit trading of its own shares after listing. SEBI Chairman Tuhin Kanta Pandey made the clarification on Thursday, addressing market speculation surrounding the highly anticipated NSE IPO, which opened for subscription on September 17.

    No Proposal Received from NSE

    Speaking on the sidelines of the NaBFID Infrastructure Conclave 2026, Pandey stated that no such letter has been submitted by NSE. “No, there is no such letter, and there is no such requirement,” he said, adding that such trading is not currently allowed. The clarification comes as NSE begins its three-day IPO subscription period, which remains open until September 21.

    NSE IPO Opens for Subscription

    The NSE IPO is valued at Rs 22,569 crore and consists entirely of an offer-for-sale (OFS) of 12.64 crore equity shares held by existing shareholders. The price band is set at Rs 1,700–1,785 per share. Since the IPO is fully an OFS, NSE will not receive any proceeds from the sale; after deducting expenses, the funds will go to the selling shareholders. Shares are expected to list on the BSE on September 24.

    NSE’s public offering arrives after a prolonged wait for India’s largest stock exchange to enter the listed market. The exchange has led the country in cash-market and equity-derivatives turnover from FY01 to FY26. As of June 2026, NSE had 132.4 million unique registered investors, 1,328 trading members, and 3,005 listed entities, with a market capitalization of approximately Rs 474.1 trillion.

    SEBI to Examine UPI MDR Concerns

    During the interaction, Pandey also addressed concerns raised by brokers and asset management companies regarding the new UPI Merchant Discount Rate (MDR). “I think there are some important issues there. We will certainly look into it and see how we can ease them,” he said. The government recently introduced a 0.4% MDR on eligible UPI merchant transactions above Rs 2,000, capped at Rs 300 for transactions of Rs 75,000 and above, marking a shift from the zero-MDR framework in place since January 2020.

  • FTSE 100 Opens 83 Points Higher at 10,772 After Fed Rate Hike; Brent Crude Slips to $104

    FTSE 100 Opens 83 Points Higher at 10,772 After Fed Rate Hike; Brent Crude Slips to $104

    The FTSE 100 opened 83.53 points higher at 10,772 on Thursday, following the Federal Reserve’s first interest rate hike in three years. Investors now await the Bank of England’s policy decision. Brent crude futures fell 1.68% to $104 per barrel, while West Texas Intermediate dropped 1.30% to $101.10.

    Sterling traded at $1.3382 early Thursday, down from $1.3449 at the previous London close. Against the euro, the pound rose to €1.1672 from €1.1658.

    Gainers & Losers

    On the upside, Next climbed 2.03% to 14,855p after lifting its profit target. Rolls-Royce Holdings advanced 2.00% to 1,469.40p, Sage Group added 1.93% to 1,031p, and RELX rose 1.77% to 2,588p. Kingfisher gained 1.73% to 305.80p, and Endeavour Mining increased 1.73% to 4,588p.

    On the downside, Marks & Spencer fell 2.05% to 363.50p. Reckitt Benckiser declined 0.71% to 5,020p, Lion Finance Group dropped 0.58% to 13,620p, and Smith & Nephew slipped 0.34% to 1,038.50p. Howden Joinery lost 0.20% to 758p, and Intertek Group edged 0.09% lower to 5,875p.

    Drax Raises Profit Outlook

    British power generator Drax said it now expects full-year adjusted core profit at the top end of market consensus — between £680 million and £711 million (about $910-$952 million), up from an earlier forecast of £665 million. The company credited its generation assets for helping balance the UK grid during the summer heatwave, adding 0.3 terawatt-hours of contracted power sales at an average price of £175.9 per megawatt-hour.

    Next Lifts Profit Target

    Next raised its profit target after better-than-expected first-half trading. Retail sales across the group jumped 9% in the six months to July, and pre-tax profit rose 10.5% to £569 million. The retailer now expects full-year pre-tax profit of £1.26 billion, citing higher sales and cost savings in warehouse operations.

    Beauty Tech Group Raises Profit Outlook

    Beauty Tech Group, owner of CurrentBody Skin and ZIIP Beauty, lifted its profit outlook after first-half earnings more than tripled. Revenue surged 44% to £79.7 million and profit jumped to £17.5 million from £5 million. The company now expects full-year earnings of at least £48.5 million and maintained its revenue forecast of at least £170 million. It also announced a share buyback of up to £20 million.

    Global Market View

    In the U.S., Dow Jones futures advanced 0.64%, S&P 500 futures rose 0.61%, and Nasdaq-100 futures added 0.71%. In Asia, Tokyo’s Nikkei 225 gained 0.33% to 64,136.25, while Shanghai Composite fell 0.41%. Hong Kong’s Hang Seng dropped 0.61%, and South Korea’s Kospi edged down 0.04%. In India, the Nifty 50 and Sensex both rose about 0.5%.

  • Indian Markets Open Lower: Nifty 50 Drops 22 Points, Sensex Down 154 After Fed Rate Hike

    Indian Markets Open Lower: Nifty 50 Drops 22 Points, Sensex Down 154 After Fed Rate Hike

    The Indian stock market opened on a negative note on September 17, 2026, following the U.S. Federal Reserve’s announcement of its first interest rate hike in three years, along with plans for further increases later this year. The Nifty 50 index started the session at 23,195.25, down 22.35 points (approximately 0.1%), while the Bank Nifty fell 165.85 points from its previous close. The Sensex declined 153.83 points to 74,182.62.

    Broader Market Performance

    Broader markets also faced pressure, with the Nifty Midcap 100 index ending flat and the Nifty Smallcap 100 index closing marginally lower. The Indian rupee opened weaker at 96.01 per U.S. dollar, compared to the previous close of 95.95.

    Institutional Activity

    On September 16, foreign institutional investors (FIIs) sold equities worth Rs. 2,000 crore, while domestic institutional investors (DIIs) supported the markets by purchasing equities worth Rs. 3,900 crore during the day.

    Sensex Technical Outlook

    Technically, the Sensex recorded an intraday pullback from lower levels after a slow start. However, the short-term trend remains weak. According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, “For day traders, 74,300 will act as an immediate resistance zone. Below these levels, weak sentiment is likely to continue. On the downside, the market could retest the 74,000–73,500 levels. On the upside, above 74,300, the pullback can extend towards 74,600–75,000.”

    Nifty 50 Technical Outlook

    On Wednesday, the Nifty 50 formed a small green candle with wicks on both sides, signaling indecision among traders. The daily RSI remains in the oversold zone but has recovered from yesterday’s low, indicating some improvement in momentum. Immediate support for the index is near 23,110–23,120, representing the lows of the previous two trading sessions. A decisive close above 23,460 would provide the first indication of improving short-term sentiment. A break below 23,110 would signal renewed weakness and could extend the decline toward 23,070, followed by 22,850.

    Bank Nifty Technical Outlook

    The Bank Nifty is consolidating near the 50% Fibonacci retracement level of the previous upward move from 52,783 to 58,706. Nevertheless, the general undertone remains weak as the index continues to trade below both short- and long-term moving averages. Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, noted, “Going forward, the 55,700–55,600 zone is likely to serve as an important support area for the index. A sustained breach below 55,600 could intensify selling pressure and open the door for further downside towards 55,000, followed by 54,500 in the near term. On the upside, the 56,700–56,800 zone is expected to act as a significant resistance band, and the index would need to surpass this hurdle to improve the short-term technical outlook.”

    Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks can be highly volatile and risky. Always conduct your own research before making any investment decisions.