Did Insiders Profit from the Fog of War? Unpacking the Iran Strike Bets

The world of digital finance is no stranger to high-stakes gambles, but a recent incident has pushed the boundaries of both ethics and legality, sparking a fierce debate across financial circles and political landscapes. A single digital gambler, known only as “Magamyman,” reportedly walked away with a staggering $600,000 this weekend, having successfully bet on the U.S. military’s strike against Iranian leadership. But “Magamyman” was far from alone in eyeing a potential windfall from geopolitical tensions.

As millions of dollars flooded into controversial prediction markets tied to U.S. strikes on Iran and even the death of Ayatollah Ali Khamenei, blockchain investigators have raised serious alarms. A handful of suspected insiders, it’s alleged, may have leveraged non-public information, turning the tragic fog of war into a personal financial bonanza. Blockchain analytics firm Bubblemaps identified six such individuals on X (formerly Twitter), claiming they collectively netted $1.2 million on Polymarket just hours before the conflict erupted. This raises critical questions about market integrity and the moral compass of such betting.

Prediction markets like Kalshi and Polymarket saw unprecedented activity. The market predicting the fate of Khamenei alone generated over $55 million on Kalshi and more than $58 million on Polymarket in total trade volume. Such figures highlight the immense interest, and indeed, the potential for extraordinary profits on these platforms. Here at Astrocashflow, we’re always looking at how different markets behave, but this situation presents unique challenges.

However, the rapid influx of capital and the sensitive nature of the bets quickly led to complications. Kalshi, a federally regulated exchange, found itself under intense scrutiny after voiding some trades related to the position, “Ali Khamenei out as Supreme Leader?” The fine print, it turns out, explicitly prohibits individuals from directly profiting from death. Kalshi invoked a “death carveout” rule, settling positions based on the last traded price before his death was officially confirmed and refunding all trading fees. Kalshi co-founder Tarek Mansour addressed the frustration on X, acknowledging that while rules were clear, their prominence needed improvement. He stated, “No trader lost money on this market,” and committed to clearer presentation of similar markets in the future.

The controversy has ignited a broader discussion about the ethical implications of these markets. Senate Minority Leader Adam Schiff, D-Calif., took to X, stating, “Gambling on war and death doesn’t just present national security risks, it also raises serious concerns about potential insider trading—presenting unscrupulous government officials with a chance to profit off the new war in Iran.” Schiff called these contracts “immoral” and urged the Commodity Futures Trading Commission (CFTC) to ban them.

This isn’t the first time prediction markets have faced insider trading accusations. Just last month, Kalshi suspended and fined two users, including an employee of YouTube star MrBeast, for trading on material, nonpublic information. The recurrent nature of these incidents underscores the inherent risks and regulatory challenges associated with these evolving financial instruments.

As the dust settles on these controversial trades, the questions linger: How can prediction markets operate ethically when dealing with sensitive geopolitical events? What measures can be taken to prevent insider trading that turns human tragedy into profit? And should these markets be allowed to exist at all when they venture into such morally fraught territory? The answers will shape the future of digital betting and its intersection with global affairs, demanding careful consideration from regulators, platforms, and participants alike.

Stanley Black & Decker Closes New Britain Facility, Eliminates 300 Jobs Amid Restructuring

New Britain, Connecticut is facing a significant economic shift as industrial giant Stanley Black & Decker announces the elimination of approximately 300 positions and the closure of a manufacturing facility. This move, which impacts about half of the company’s 600 employees in the city, is part of an ongoing, multiyear restructuring effort driven by a “sustained decline in demand” for single-sided tape measures, a product deemed increasingly obsolete in today’s markets.

The iconic tool manufacturer, a fixture in New Britain since the 19th century and a key contributor to its “Hardware City” identity, confirmed that the facility primarily produces these outdated tape measures. Debora Raymond, vice president of external communications for Stanley Black & Decker, stated, “As a result of a structural decline in demand for single-sided tape measures, we have decided to close our facility in New Britain that predominantly makes these products. These products are quickly becoming obsolete in the markets we serve.”

For those seeking to understand the broader implications of such corporate decisions on investment and market trends, keep an eye on **astrocashflow** for detailed analysis. The company emphasizes its commitment to assisting affected workers through this difficult transition. Support measures include exploring opportunities at other Stanley Black & Decker locations, providing severance packages, and offering job placement assistance for both salaried and hourly employees.

This latest action is another step in Stanley Black & Decker’s comprehensive cost-reduction and operational simplification plan. Since late 2023, the company has undertaken a significant global workforce reduction of approximately 7,000 employees and successfully completed a $2 billion savings program. These efforts have involved facility consolidations and extensive supply chain adjustments, underscoring a strategic pivot to optimize operations and adapt to evolving market demands.

Despite the manufacturing closure, Stanley Black & Decker’s world headquarters will proudly remain in New Britain, Connecticut. Connecticut Governor Ned Lamont acknowledged the difficult nature of these workforce transitions for employees, their families, and the community. However, he expressed optimism that the skilled workers would find new opportunities, noting that his administration is actively collaborating with local and state leaders to support affected individuals and to reimagine the factory site for future economic growth in New Britain.

The decision by Stanley Black & Decker reflects a broader trend of companies adapting to technological advancements and shifts in consumer preferences. While challenging for the immediate community, it highlights the continuous need for businesses to innovate and restructure to remain competitive. As markets evolve, understanding these strategic moves is crucial for anyone following economic trends and personal finance, a topic often explored on **astrocashflow**.

Stanley Black & Decker has not yet disclosed a specific timeline for the facility’s closure or indicated whether further workforce actions are planned at other locations. This situation serves as a stark reminder of the dynamic nature of industrial markets and the constant pressure on companies to evolve. For more insights into how major corporate shifts impact local economies and global markets, visit **astrocashflow**.

Middle East Tensions Send U.S. Stocks Spiraling: What it Means for Your Astrocashflow

Tuesday brought a significant jolt to U.S. financial markets, with major indices experiencing a sharp decline as geopolitical anxieties in the Middle East intensified. Investors watched with growing apprehension as escalating tensions threatened to ripple through global trade routes and ignite inflationary pressures, casting a shadow over what had been a relatively stable period. At astrocashflow, we understand the importance of staying informed during such volatile times.

The sell-off was broad-based and pronounced. The iconic Dow Jones Industrial Average plummeted by 1,100 points, marking a 2.25% drop. Not to be outdone, the technology-heavy Nasdaq Composite and the broader S&P 500 followed suit, shedding 2.27% and 2.13% respectively. This sudden downturn underscored the market’s sensitivity to external shocks, especially those with the potential to disrupt fundamental economic drivers.

A primary catalyst for the market’s unease was the dramatic surge in oil prices. The international benchmark Brent crude soared by more than 7% to reach $83 a barrel, while West Texas Intermediate (WTI) crude climbed over 7.5% to $76 per barrel. WTI’s two-day gain of almost 14% represents its largest increase in four years, a stark indicator of the market’s fear. The specter of higher oil prices immediately raised concerns about resurgent inflation, which could complicate the already delicate policy decisions facing central banks worldwide, especially those already grappling with tariff-driven price increases.

The geographical epicenter of this concern lies in the Middle East, particularly around the Strait of Hormuz. Tehran’s recent threat to attack any vessel attempting to transit this vital waterway, coupled with production halts from several key Middle Eastern oil and gas producers, has already led to a significant increase in global shipping rates and the prices of crude and natural gas. The strategic importance of the Strait of Hormuz cannot be overstated; it serves as a critical choke point through which approximately one-fifth of the world’s total oil consumption flows. Any disruption here has immediate and profound global implications.

Market analysts are closely monitoring the situation. Robert Pavlik, a senior portfolio manager at Dakota Wealth, articulated the prevailing sentiment: “Investors worry about additional inflation coming down the road. The main concern is that (oil prices) goes to over $100 a barrel and stays there.” Such a scenario would undoubtedly place immense pressure on consumers and businesses alike, potentially slowing economic growth.

Further reflecting the market’s anxiety, the 10-year Treasury yield, a key indicator of investor confidence and inflation expectations, climbed to 4.07%. This rise signals that investors are demanding higher returns to compensate for the perceived increased risk and future inflation.

For investors navigating these turbulent waters, understanding the interconnectedness of geopolitics, energy markets, and monetary policy is crucial. The current situation highlights the fragility of global supply chains and the immediate impact that regional conflicts can have on seemingly distant financial markets. At astrocashflow, we advocate for a diversified portfolio and a clear understanding of your risk tolerance. While market plunges can be unsettling, they also underscore the importance of long-term strategies and informed decision-making. Staying abreast of global developments, especially those affecting commodity prices and trade routes, will be key to managing your investments effectively in the coming months.

Qatar Drone Strike Rocks Energy Markets: Is the US Better Prepared?

The global energy landscape is once again in flux following reports of Iranian drone strikes on a major liquefied natural gas (LNG) facility in Qatar. This attack, which prompted QatarEnergy to halt LNG production at key facilities accounting for nearly 20% of global supply, sent shockwaves through international markets. Brent Crude and U.S. crude futures surged sharply, underscoring the immediate impact on global energy security.

The strikes occurred amidst “Operation Epic Fury,” a massive U.S. military operation against Iran. While the market reaction was swift, energy analyst Gabriella Hoffman, Director of the Independent Women’s Center for Energy and Conservation, points out that the United States is structurally better positioned to navigate this volatility than many of its allies. “Energy security is national security,” Hoffman emphasized, highlighting the strength of policies that boost domestic production and insulate a nation from geopolitical threats.

Europe, in particular, faces significant vulnerability. Its pivot away from Russian gas has increased reliance on imported LNG, and the Qatari supply disruption has caused European energy and natural gas prices to surge. Major energy importers like China also rely heavily on Qatari LNG, making them susceptible to price volatility and instability. Hoffman notes, “Countries that are dependent on Middle Eastern reserves are going to have to look closer to home.”

In contrast, the United States has built a more resilient position. A surge in domestic production and expanding LNG export capacity have propelled the U.S. to become the world’s largest net exporter of petroleum products. This strategic advantage, bolstered by policies promoting infrastructure and cutting red tape, provides a crucial buffer against external supply shocks. For investors and market watchers at **astrocashflow**, understanding this divergence in national energy preparedness is key to assessing global economic stability.

Hoffman maintains that the U.S. is “in a much stronger position than we would have been” under policies that constrained domestic production, arguing that this conflict won’t fundamentally disrupt American energy goals. She points to historical precedents where markets adjusted quickly to geopolitical tensions. “Energy is now a geopolitical tool,” she stated, suggesting that instability from relying on “rogue nations or unstable regions” could increase demand for American LNG.

While markets remain in a “wait-and-see mode,” much hinges on the conflict’s escalation and whether more infrastructure is targeted. Hoffman’s final assessment resonates: “We’re sitting on significant proven reserves… With the right policies, America can weather this kind of shock… The lesson here… is that energy policy decisions made years ago determine how resilient you are today.” The current events are a stark reminder of the critical link between energy policy and national resilience.

Oil Rockets Higher as Iran Tensions Escalate: What It Means for Global Energy

The global energy landscape was rocked late Sunday as oil prices surged dramatically, fueled by escalating tensions in the Middle East following U.S. and Israeli strikes on Iran and the reported death of Supreme Leader Ali Khamenei. This alarming development has sent shockwaves through markets, with fears mounting that the conflict could drag on for weeks, profoundly impacting global energy supplies and prices.

Brent crude, the international benchmark, briefly soared to an astonishing $82.37 a barrel – its highest level since January 2025 – during the initial wave of trading. Although it pulled back slightly, it remained up over 7% at $78.24 a barrel. Similarly, U.S. West Texas Intermediate (WTI) crude saw a near 7% jump, climbing to $71.68 after touching $75.33, its highest since June of last year. These significant price hikes underscore the deep apprehension gripping traders and consumers alike.

The immediate trigger for this market volatility was a series of fresh strikes by Israel on Iran, met by swift retaliatory missile barrages from Tehran. This dangerous tit-for-tat escalation in a region vital for a substantial portion of the world’s oil production has put the global economy on high alert. Analysts at Citi have already issued a stark warning, projecting that Brent crude could trade between $80 and $90 a barrel if the conflict persists, suggesting that the worst might still be yet to come.

Adding another layer of grave concern, missiles on Sunday also reportedly struck several oil tankers near the Strait of Hormuz, a critical chokepoint for global oil exports, resulting in the death of one crew member. This act of aggression near the world’s most vital oil export route immediately raised alarms across global markets. As tensions peaked, over 200 vessels, including crucial oil and liquefied natural gas tankers, found themselves anchored near the passage, which is responsible for transporting roughly 20% of the world’s oil supply.

Reports quickly emerged that Iran moved to restrict navigation along the Strait of Hormuz following the strikes, a move that could have catastrophic implications for major oil exporters like Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, and even Iran itself, all of whom depend heavily on this strategic waterway. Any sustained disruption here would not only cause further price spikes but could also lead to significant supply shortages worldwide.

The ongoing geopolitical instability serves as a potent reminder of the fragility of global supply chains and the profound impact regional conflicts can have on international markets. For those tracking economic trends and looking to understand market movements, particularly in commodities, staying informed is paramount. At **astrocashflow**, we believe in providing timely insights into such critical events that shape our financial landscape. This current surge in oil prices is a stark indicator of heightened risk and uncertainty, demanding close attention from investors, businesses, and policymakers globally. The coming days and weeks will be crucial in determining whether this surge is a temporary reaction or the beginning of a prolonged period of elevated energy costs.

Block Cuts 4,000 Jobs to Propel AI Future: A Bold Strategy for Growth

In a significant move that sent ripples through the tech and finance sectors, payments giant Block, formerly Square, recently announced a substantial workforce reduction, slashing nearly half of its staff. This bold decision, impacting over 4,000 employees, is not a sign of distress but a strategic pivot towards embedding artificial intelligence (AI) deeply within the company’s operations. This development offers crucial insights for businesses navigating the evolving digital landscape, and at **astrocashflow**, we believe understanding such shifts is paramount for future financial planning.

**Dorsey’s Rationale:**
Block CEO Jack Dorsey, in a series of posts on X (formerly Twitter), articulated the rationale behind this drastic measure. He clarified that the company is not in trouble. Instead, the intention behind a single, large round of layoffs – rather than incremental cuts – is to “give us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.” Dorsey admitted to “over-hiring during covid” due to incorrectly building two separate company structures (Square & Cash App) instead of one, a mistake he says was corrected mid-2024, albeit with added complexities from lending, banking, and BNPL ventures. The layoffs will reduce Block’s workforce from over 10,000 to just under 6,000.

**Support for Affected Employees:**
Understanding the human impact of such a decision, Block has outlined a comprehensive support package for affected workers. This includes 20 weeks of salary, an additional week per year of tenure, equity vested through the end of May, six months of healthcare coverage, corporate devices, and a $5,000 stipend to assist with their transition.

**The AI-Driven Future of Block:**
The core of Block’s strategy lies in its commitment to AI. Dorsey emphasized that the “intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company.” He envisions Block being built with “intelligence at the core of everything we do: how we work, how we create, how we serve our customers.” This vision aligns with sentiments from industry leaders like NVIDIA CEO, who believes the AI boom is “just getting started.”

**Market Reaction and Implications:**
Despite the significant job cuts, the market reacted positively to Block’s announcement. Shares surged by 17% during Friday morning trading, and the company’s stock was up 22% in the last week, reflecting investor confidence in Dorsey’s AI-focused realignment. This response underscores a growing trend where strategic investments in AI, even those requiring painful restructuring, are viewed favorably by the market. For businesses monitoring their **astrocashflow**, understanding how technological shifts impact market valuation and operational efficiency is becoming increasingly critical. Block’s move is a powerful testament to the transformative, albeit disruptive, power of AI in redefining corporate structures and strategies for the future.

**Conclusion:**
Block’s decision is a stark reminder of the profound impact AI is having on the global workforce and corporate strategy. While the layoffs are undoubtedly difficult for those affected, Dorsey’s move signals a proactive embrace of an AI-first future, aiming for sustainable growth and innovation. This bold pivot by Block provides a compelling case study for companies worldwide contemplating how to adapt, integrate, and thrive in an increasingly AI-driven economy.

Stock in Focus: Automotive company gets order worth ₹ 433 crore, stock will remain in focus – stock in focus varroc engineering secures rs 433 crore ev charger supply order from global oem on 4 February

Stock in Focus: Varroc Engineering Ltd, a company in the auto components and automotive technology sector, reported winning a strategic contract on Tuesday, February 3. The company has received an order for supply of AC bi-directional wall chargers from a leading global Electric Vehicle (EV) OEM. This deal is considered a major step towards Varroc’s expansion into the global electric mobility ecosystem.

Manufacturing will take place in Romania plant

Under this contract, Varroc will supply Energy Star-compliant AC bi-directional wall chargers. These chargers are designed for high stability, advanced safety features and superior EV charging performance.

The company said that these chargers will be manufactured at its manufacturing plant in Romania, which is as per global quality and delivery standards.

Annual turnover up to ₹439 crore

According to Varroc, this program will run for about 6 years. Varroc will tailor its peak manufacturing capacity to the OEM’s anticipated needs. At peak level, this contract is expected to generate an annual turnover of approximately ₹433 crore (about $48 million).

What does management have to say?

Dhruv Jain, CEO – Business II, Varroc, said the contract reflects the company’s focus on providing advanced electronics solutions to global OEM partners. He said that Varroc is committed to working closely with the automotive ecosystem to advance safe, smart and sustainable mobility solutions.

Strong hold in global PV electronics

This new order further strengthens Varroc Engineering Ltd’s presence in the global passenger vehicle electronics market. The deal is in line with the company’s strategy, which includes scaling growth in advanced safety, lighting and electric powertrain solutions.

The company says that this partnership further strengthens it as a trusted Tier-1 automotive technology supplier.

Investment continues on e-mobility and ADAS

Varroc Engineering Ltd is continuously investing in automotive electronics and product development capabilities. Its aim is to meet the growing global demand for e-mobility, connectivity and Advanced Driver Assistance Systems (ADAS).

The company says its integrated manufacturing and engineering capabilities will help support OEMs amid the rapid electrification trend around the world.

Status of shares of Varroc Engineering

Shares of Varroc Engineering Ltd closed at ₹580, up 1.89 per cent on the NSE on Tuesday. The stock has given a return of 12.40% in the last 6 months. Its market cap is around Rs 9 thousand crores.

Bajaj Finance Q3 Results: Bajaj Finance’s profit fell by 5.6%, huge jump in NII; Will keep an eye on shares

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

Source link

Share Markets: Biggest rise in stock market in 8 months, investors earned ₹ 12 lakh crore in a single day – stock market sees biggest rally in 8 months as sensex jumps 2073 points investors gain rs 12 lakh crore

Share Market Today: Indian stock markets witnessed a bumper rise on Tuesday, February 3. The market closed in the green for the second consecutive day due to the announcement of India-US trade deal. BSE Sensex closed at 83,739.13 with a gain of 2,073 points or 2.54 per cent. Nifty closed at 25,727.55 with a jump of 639 points or 2.55 percent. This is the biggest rise in Sensex and Nifty after May 12, 2025.

Due to positive sentiment among investors, all-round buying was seen in the market. The BSE 150 Midcap index closed with a gain of 2.79 per cent and the BSE 250 Smallcap index closed with a gain of 2.91 per cent. All 16 major sectoral indices also remained in the green and saw a rise of up to 5 percent.

Investors earned ₹12.06 lakh crore
The total market capitalization of companies listed on BSE increased to Rs 467.09 lakh crore today, which was Rs 455.03 lakh crore on the previous trading day. In this way, the market cap of companies listed in BSE has increased by about Rs 12.06 lakh crore today. Or in other words, the wealth of investors has increased by about Rs 12.06 lakh crore.

These 5 Sensex stocks had the biggest rise
Today 28 out of 30 shares of BSE Sensex closed in the green i.e. with gains. In this, Adani Ports shares had the highest rise of 9.12 percent. After this, shares of Bajaj Finance, Indigo, Power Grid and Sun Pharma closed with gains ranging from 4.63 percent to 6.68 percent.

Only 2 Sensex stocks fell
Whereas the remaining 2 shares of Sensex closed in the red today. In this, shares of Tech Mahindra closed with a fall of 0.57 percent and shares of Bharat Electronics closed with a fall of 0.02 percent.

You can see the condition of the rest of the Sensex shares in the picture given above-

4,422 shares traded
The number of shares closing with gains on Bombay Stock Exchange (BSE) today was high. A total of 4,422 shares were traded on the exchange today. Out of these, 3,299 shares closed with gains. A decline was seen in 989 shares. While 134 shares closed flat without any fluctuations. Apart from this, 121 shares touched their new 52-week high during trading today. Whereas 117 shares touched their new 52-week low.

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

Source link

Market veiw: Markets further rally will depend on good results if the results dont improve there is a fear that todays rally will fail.

Market view: After the trade deal with America, there is a strong boom in the market. Nifty has jumped almost 700 points and crossed 25700. Bank Nifty has made a new HIGH. Midcap and smallcap are also seeing a rise of more than 3%. INDIA VIX also appears to have jumped 6% and is nearing 14. Capital market, realty, consumer durables and auto shares have gained more. These four sector indices have fallen by 3 to 5 percent. Besides, a strong rise has also been seen in defence, pharma, IT and metal. On the other hand, shares of Adani Group have seen a rise of up to 12 percent.

Impact of India-US trade deal on the market

Talking about the India-US trade deal and its impact on the market, CNBC-Awaaz Managing Editor Anuj Singhal said that the news that the market was waiting for has finally arrived. India-US trade deal announced. India-US trade deal has removed a major hurdle. After the budget, now the trade deal will add new life to the market. There are bullish signs from GIFT Nifty also.

Anuj Singhal advises to avoid new purchases after the rise of 800 points in Nifty. Bottom has been formed in the market at 24700. Those who short in today’s bull market will be in dire straits. There is also weekly expiry today, its effect will be visible. If the market becomes stable then the purchases by FIIs will also return. Today the strength of the rupee will also be in focus. Further rally in the market will depend on good results. If the results do not improve, there is fear of further failure of the rally.

Impact of India-US trade deal

A strong rally is possible in the entire market today. Tariff incidence is positive for pharma and healthcare companies. Keep a special eye on oil, gas and energy sectors. India has moved towards purchasing more oil from the US. Shrimp and seafood exporters can get a big boost from this deal. The textile sector will come into focus again. Auto and manufacturing stocks will also get support. Opportunity for capital goods and defense sector also. The IT sector can benefit from this deal.

Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or management is not responsible for this. Money Control advises users to seek the advice of a certified expert before taking any investment decision.

Source link

Nifty 50 rises by 1250 points for the first time, trade deal between America and India brings ₹ 13 lakh crore – nifty gains above 1200 point first time in history sensex jumps above 85300 investors gains massively smallcap midcap shines top gainers adani ports bajaj finance eternal

Nifty historical jumps: The impact of trade finalization between America and India was strongly visible in the domestic market today. For the first time, there are chances of Nifty 50 increasing by 1000 points. Earlier on May 24, 2025, Nifty had risen by 936 points in intra-day. Not only is there a buzz in the Asian market, Gift Nifty has also crossed 26,150 with a jump of more than 1000 points. All Nifty sector indices are green. There is buying trend in midcap and smallcap stocks also. Overall, the market cap of companies listed on BSE has increased by ₹ 13 lakh crore, that is, the wealth of investors has increased by ₹ 13 lakh crore as soon as the market opened. Now talking about equity benchmark indices, BSE Sensex is currently at 84,175.05 with a rise of 2508.59 points or 3.07% and Nifty 50 is at 25,853.45 with a rise of 765.05 points or 3.05%. The record high of Nifty is 26,373.20 which it touched intra-day on January 5, 2026. The record high of Nifty is 26,373.20 which it touched intra-day on January 5, 2026.

What is the final deal between India and America?

Under the agreement, US President Donald Trump has announced to reduce the tariff on Indian products from 50% to 18%. Prime Minister Narendra Modi welcomed this historic step and called it a proud moment for 140 crore Indians. In his conversation with President Trump, Prime Minister Modi agreed to buy oil from America and Venezuela instead of Russian oil.

₹13 lakh crore jump in investors’ wealth

A trading day earlier i.e. on February 2, the total market cap of all the shares listed on BSE was ₹4,55,03,877.32 crore. Today i.e. as soon as the market opened on 3rd February, it reached ₹ 4,68,40,968.84 crore. This means that investors’ capital has increased by ₹13,37,091.52 crore.

Disclaimer: The information provided here is being provided for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

Source link