“Markets — Unheard Gossips” — Issue #7
Tags: IPO, Airlines, Stock Market, Cryptocurrency, Finance

Market Around The World (ATW)

Most of the world indices close in deep red. It may be a signal that some sell-off might come around the world, so be prepared for it.

How the global market performed during the week.

Street Talks!

Oct wholesale inflation at Five month High of 12.54% against 1.31% last year.

Can bitcoin be the next hedge against after Gold?

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Between November 24 and December 8, the Invesco CoinShares Global Blockchain ETF Fund of Fund will be offered to Indian investors. Invesco will put its money into a global ETF that will invest in firms including Coinbase, Robinhood, IBM, TSLA, and others that have exposure to crypto-assets, blockchain solution providers, and mining gear.

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Akasa Airlines, owned by Rakesh Jhunjhunwala, has placed an order for 72 Boeing 737 MAX planes, which will be delivered in April of next year. It’s estimated to be worth $4.5 billion.

We have covered this in our previous newsletter.

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One97 Communications aka Paytm’s unwelcome listing ending the day with down 28% for its first day as a public company.

Interesting to lookout for upcoming Loss-making tech companies

Word Of The Week — “Exchange Traded Funds”

ETFs are just what their name implies: baskets of securities (Indices) that are traded, like individual stocks, on an exchange. Unlike regular open-end mutual funds, ETFs can be bought and sold throughout the trading day like any stock. ETFs have lower costs of transactions and annual changes compared to index funds. ETFs are considered a safer product for risk-averse and first-time investors who want market-linked returns.

The Exchange-traded funds (ETFs) began their journey in India way back in 2002, when the first ETF by Nippon India Mutual fund was launched in India on the Nifty 50 Index. The ETF was listed on NSE on January 8, 2002, and day one witnessed trading of Rs. 1.30 crores on NSE.

The assets under management of ETFs in India is now at Rs. 3.16 lakh crores (end of May 2021), witnessing more than 13.8 times increase in five years, as compared to Rs. 23,000 crores (end of April 2016).

The Motilal Oswal NASDAQ 100 ETF has generated more than 59% return for their investor in just 1 year.

Interest Rates

The lowest rate prevailing in the market which banks are offering are:

1. Car loan — 7% : BOB

2. Education loan — 6.85% : SBI

3. Home loan — 6.5%: Kotak

Note — These are tentative rates, that can vary depending on the loan amount and the tenure.

Tweet Of The Week

This week’s wacky crypto news… A group of people is banding together to try to buy the real constitution using cryptocurrency.

They’ve raised almost $4 million in only four days to try to win the auction.

No doubt, Crypto freaks are real !!

We already warned you about the Indian Markets a week before.

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