Good morning, people!
The markets closed in the red the whole of last week! But, today is the beginning of a new week, so cheer up and let’s hope the markets deliver some good news today. Here are the top stories to start your day.
For more updates on F&O, click here.
⭐ 5G roll out to begin soon! 📶
So finally we have dates for 5G roll out in India! According to the Telecom Minister, the roll out will begin as soon as in August-September in some parts of the country. He said 5G will be deployed in 20-25 towns and cities by the year-end.
⭐ Adani Wilmar cuts edible oil prices 🍝
Adani Wilmar has slashed prices of edible oils by ₹10. This is following the government’s move to reduce import duties on edible oils. In FY22, edible oil prices had surged due to lower production of oilseeds and higher manufacturing and logistics costs.
⭐ The great crypto crash 😱
The cryptocurrency market has been in free fall for the last few weeks. Bitcoin plummeted more than 9% to $18,740 on Saturday. This is the first time it has dropped below $20,000 since December 2020. It has fallen nearly 70% from its all-time high of $68,000 in November 2021.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.3% |
| Nikkei 225 (Japan) | ▼ 1.3% |
| Hang Seng (Hong Kong) | ▼ 0.8% |
| SSE Composite (China) | ▼ 0.5% |
| Dow Jones (US) (June 18) | ▼ 0.1% |
| NYSE (US) (June 17) | ▼ 0.4% |
| Nasdaq (US) (June 17) | ▲ 1.4% |
| S&P 500 (US) (June 18) | ▲ 0.2% |
Fact of the day
A person has bid a record $19 million to have lunch with Warren Buffett on the 21st and last time the billionaire auctioned a private lunch for charity.
Source: ET
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Investment in securities markets is subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.