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BT Group share price has done well this year, mirroring the performance of other popular UK stocks like Lloyds and Rolls-Royce. It jumped to a high of 162.90p on Tuesday, a key resistance where it has failed to move above in the past. It has jumped by almost 70% from its lowest point in 2024.

BT Group’s business is doing well in a tough market

BT Group, the parent company of EE and OpenReach, is doing well at a time when the British economy is slowing. 

Data released last week showed that the UK economy shrunk in January as consumer spending and business environment remained muted. 

BT Group’s business does well when the UK economy is thriving because it is one of the biggest telecom firms in the country.

The most recent half-year results showed that BT Group’s revenue dropped by 3% to £10.1 billion. Its profit after tax dropped from £844 million to £755 million, while the earnings per share dropped to 7.5p.

Most of BT Group’s slowdown is coming from its business brand, whose sales dropped by 6% to £3.86 billion. This business was formed by merging BT Global and its enterprise units. It created a single B2B unit where customers would get products like connectivity, networking and cloud, phone and mobile, and security services. 

BT Group’s consumer segment started to stabilize in the year’s first half, with its revenue falling by 1% to £4.83 billion. 

The management continues on a turnaround strategy focused on five pillars. It aims to grow the reach of its OpenReach business, gain consumer growth, digitize most of its operations, and optimize the portfolio and capital allocation. 

As part of the turnaround efforts, BT Group has announced plans to lay off thousands of workers in the next few years. It hopes to replace some of these workers with artificial intelligence tools.

BT share price has also done well as the management insists that it will achieve its target. Its guidance is that the annual revenue will be down by between 1 and 2%, the adjusted EBITDA will be about £8.2 billion and capital expenditure will be less than £4.8 billion.

BT Group share price has also done well because of its dividends. It declared a 2.4 pence per share in the last results and maintained that it will have a progressive policy that grows the payout each year.

BT Group share price analysis

BT stock by TradingView

The weekly chart shows that the BT share price has been in a slow uptrend in the past few months. It has jumped from last year’s low of 100p to a high of 161.20p, a notable level since it was the highest point in 2021, 2022, and 2023. 

BT Group has formed an ascending triangle pattern, a popular continuation sign. It has moved above all moving averages, and most recently, it formed a golden cross pattern as the 50-week and 200-week moving averages crossed each other. 

Oscillators like the Relative Strength Index (RSI) and the MACD have continued rising, a sign that it is gaining momentum. Therefore, the stock will likely keep soaring as bulls target the key resistance level at 200p. This price is both a psychological point and the highest level in 2018. It is about 25% above the current level.

The post BT Group share price hits key level: can it surge to 200p? appeared first on Invezz

Mantra (OM) has extended its rally, climbing 12% in the past week and securing its position as the second-largest real-world asset (RWA) token by market capitalization.

Now valued at approximately $6.8 billion, Mantra is closing in on Chainlink (LINK) in the sector.

The strong price action reflects increasing market interest in tokenized assets, with Mantra emerging as one of the best-performing layer 1 tokens in 2025.

With technical indicators supporting further gains and fundamental growth underpinning its value, Mantra’s outlook remains bullish as it eyes the psychological $10 threshold.

Mantra price tests key resistance

Since early 2024, Mantra has witnessed a remarkable ascent from near zero to nearly $10, making it one of the standout performers in the crypto market.

After a brief consolidation period, OM recently broke above key support levels, resuming its upward trajectory.

Currently trading at around $6.77, its technical setup suggests further potential upside.

Source: Mantra chart on TradingView

Bollinger Bands are tightening, indicating an imminent spike in volatility, while the MACD remains in bullish territory.

The RSI reading of 58.28 suggests neutral-to-bullish momentum and an ADX score of 36.31 confirms a strengthening trend.

A key resistance level lies at $8.17, and a decisive breakout above this level could pave the way for a move towards $10.

On the downside, support levels are at $6.76 and $5.54, aligning with the lower Bollinger Band and the 20-day moving average.

Open interest in Mantra futures rises

Investor confidence in Mantra’s price trajectory is growing, as evidenced by a surge in open interest for OM futures.

According to Coinglass data, open interest has risen from a monthly low of $319 million to $379.54 million.

This uptick indicates that traders are increasing their exposure, often a signal of growing optimism regarding future price action.

Mantra’s rapid adoption and growing use cases in tokenization have further solidified its market position.

The platform has successfully tokenized over $500 million in assets, including real estate, contributing to its expanding ecosystem.

Its regulatory approval in Dubai in February—securing a Virtual Asset Service Provider (VASP) license—has reinforced investor confidence.

Governance vote follows fraud discovery

Despite its strong market momentum, Mantra has faced challenges with its ongoing GenDrop airdrop campaign.

On March 18, the project uncovered 123,000 fraudulent wallets attempting to exploit the airdrop.

In response, Mantra initiated a 48-hour governance vote to determine the fate of 26.9 million OM tokens flagged as suspicious.

To prevent market manipulation, the team confirmed that the GenDrop allocation would be released without prior notice. The first batch will consist of a 10% unlock, equating to 1,987,555.64 OM.

The outcome of the governance vote will be closely watched by the community, as it could set a precedent for handling future token distribution challenges.

Mantra’s growth trajectory remains strong, fueled by strategic partnerships exceeding $1 billion, including a significant deal with DAMAC Group in early 2025.

The post Mantra (OM) price surges 12% as tokenized asset growth fuels rally appeared first on Invezz

Swarms plans to launch a no-code multi-agent platform this week.

AI agent systems innovator confirmed the upcoming platform when announcing Swarm’s API version 4 launch.

The v4 upgrade targets higher throughput, new endpoints, and faster speeds – a key milestone in AI automation.

Besides the new API release, Swarms revealed that it has been working on a new platform, which it intends to release in the next few days.

We’re also going to reveal an all-new, no-code multi-agent platform this week.

We’ve been working on this new platform for quite a while – optimizing it to perfection and making it reliable.

The crypto community’s attention shifted to native SWARMS amidst the bullish developments, with many anticipating robust near-term price recoveries.

Swarm’s new no-code multi-agent platform

Besides the API upgrades, Swarms hinted at an upcoming platform.

Source – X

The firm stated that the much-awaited platform will go live later this week.

Notably, the platform aims to empower users to deploy and handle AI agents smoothly with little to no coding skills.

That will likely reduce entry barriers to artificial intelligence automation as tech evolves.

Swarm has been working on the platform for a while, optimizing it to ensure top-notch performance and reliability.

Users can effortlessly implement multi-agent workflows.

Meanwhile, the move reflects Swarm’s plans to dictate the AI automation industry by tapping non-technical and technical individuals.

The tech space has seen an increase in no-code platforms, enabling the building of software resolutions without massive programming expertise.

Swarm’s no-code multi-agent platform matches this trend, boosting AI automation through a wider audience.

Swarms API version 4

The blockchain firm hinted at the new platform after releasing its updated API version to bolster performance.

Developers will use Swarms API v4 to create and integrate multi-agent protocols hassle-free.

Enhanced throughput makes it smooth to handle massive datasets, whereas higher speeds reduce latency during AI communications.

Furthermore, the new endpoints magnified the API functionality, supporting more scalable and complex AI applications.

Swarms upgraded its APIs as multi-agent schemes gain tractions in different industries, including finance and logistics.

The update offers developers a robust toolkit for artificial intelligence undertakings.

The latest API version release reflects Swarms’ dedication to making AI automation robust and accessible.

SWARMS crypto price

Swarms’ latest announcement triggered rebounds for the native coin.

While alts begin to outperform Bitcoin, SWARMS gained over 2% on its daily chart to hover at $0.04032.

Chart by Coinmarketcap

The token signals sentiment shifts, with bulls taking the charge.

SWARMS will likely target this week’s peak at $0.050, a nearly 25% increase.

Swarm’s AI developments and craze ahead of the new platform will bolster the altcoin’s near-term price actions.

Meanwhile, enthusiasts will watch how Swarms’ no-code multi-agent platform will revolutionize the AI automation sector.

The post SWARMS price prediction: Swarms to release a no-code multi-agent platform this week appeared first on Invezz

The Nikkei 225 index has risen modestly in the past few days as investors have moved back to the stock market. It initially bottomed at ¥35,960 last week, and has rebounded to over ¥38,000. This article explores why the Nikkei index is rising and what to expect ahead of the Fed and BoJ interest rate decisions.

Warren Buffett buys more Japan stocks

One of the top reasons why the Nikkei 225 index has risen is that Warren Buffett has remained bullish on Japan stocks.

He has done that by being one of the biggest investors in the five trading houses that dominate the Japanese economy.

These companies are Marubeni, Itochu, Mitsubishi, Mitsui, and Sumitomo. He initially invested in these companies during the pandemic and has grown to become their biggest investor.

Warren Buffett believes that these trading houses are highly undervalued and that their business will continue doing well in the longer term. This explains why he recently bought more of these companies even as he dumped some of US companies like Apple and Bank of America.

Bank of Japan interest rate decision ahead

The Nikkei 225 index will be the upcoming BoJ interest rate decision that will happen on Wednesday.

Economists expect the bank to leave interest rates unchanged as it observes the impacts of Donald Trump’s tariffs on the US.

However, there are signs that the BoJ will embrace a more hawkish tone now that inflation has jumped to 4% in the past few months.

Indeed, the bond market point to further rate hikes in the future. The 10-year yield of Japanese bonds has jumped to 1.5%, higher than last year’s low of 0.728%. Similarly, the 30-year and 5-year yields have soared in the past few months.

Rising bond yields is a sign that investors anticipate that the BoJ will deliver more hikes in the future as it combats rising inflation.

The Nikkei 225 index normally falls when the Japanese yen is falling because it pushes more investors from stocks to bonds.

FOMC decision ahead

The other key catalyst for the Nikkei 225 index will be the Federal Reserve interest rate decision scheduled on Wednesday this week.

The bank is not expected to cut or hike interest rates this week. Nonetheless, officials will likely mention the tariff risk and explain what to expect later this year. Analysts anticipate more rate cuts later this year as US recession odds rise.

A hawkish Fed will likely be a bad thing for the Nikkei 225 and other global stocks. Historically, these indices thrive when the Fed is either cutting rates or when it signals that it will deliver more cuts ahead.

Some analysts anticipate that the BoJ will point to more cuts later this year because of the ongoing recession risks in the US.

Nikkei 225 index analysis

Nikkei 225 index chart by TradingView

The daily chart shows that the Nikkei index has moved sideways in the past few years. It has remained inside the key support and resistance levels at ¥37,790 and ¥40,000.

The index made a bearish breakout below the support last week and bottomed at ¥35,960. It has now rebounded and moved inside the channel.

The Nikkei 225 index remains below the 50-day moving average, meaning that it is still at risk of more downside. If this happens, the next key level to watch will be at ¥35,960. More gains will be confirmed if the Nikkei index rises above the 50-day MA and the upper side of the channel at ¥40,000.

The post Nikkei 225 index outlook ahead of BoJ and Fed decisions appeared first on Invezz

The Nifty 50 index has moved into a correction after crashing by 13% from its highest level this year. It has dropped from the year-to-date high of ₹26,265 to the current ₹22,730. It is hovering near its lowest level since June 3. So, is it safe to buy the Nifty 50 index dip or just sell the rip?

US reciprocal tariffs to hit India the most

The Nifty 50 index has dropped in the past few weeks as investors focus on the actions of Donald Trump.

Trump has already imposed tariffs on goods from top US trading partners like Mexico, Canada, and China.

He has also implemented tariffs on imported steel and aluminum. Further, he has said that he will impose reciprocal tariffs in April.

Analysts expect that India will be one of the most affected countries when these tariffs kick in because of its high tariffs on imports.

Tariffs on Indian goods would have a big impact on some Nifty 50 index companies that do a lot of business in the United States.

India sells goods worth billions of dollars to the US annually. Some of these goods are in the textile, petroleum, electrical and electronic products, and pharmaceuticals. Some of the top companies that will be affected are Reliance Industries, Tata Steel, Tata Motors, and Sun Pharmaceutical.

Narendra Modi has worked behind the scenes to please Donald Trump and prevent the country from being included in the reciprocal tariffs. He was one of the first foreign leaders to visit the US after Trump’s inauguration. Also, he pledged to boost the trade volume between the two countries to $500 billion a year.

Still, it is unclear whether these measures will help to prevent tariffs from the United States. Trump has long believed that other countries, including India, were taking advantage of the US.

Indian stocks valuation reset

The Nifty 50 index has also slipped as Indian companies go through a valuation reset. At its peak, the index had a PE ratio of over 25, making it more expensive than other global indices like the Nasdaq 100 and the S&P 500 index.

The price-to-earnings multiple has now moderated slightly to about 20, meaning that it has now become a bargain compared to other indices.

The valuation of most Indian companies became stretched in 2024 as retail investors pumped these equities. Today, some of the top pumped equities, like Trent and Ola Electric have plunged from their highest levels this year.

The Nifty 50 index has retreated as the Indian rupee has jumped. The USD/INR exchange rate has dropped from the year-to-date high of 88 to 86.7. A stronger rupee hurts some companies, especially those that focus on exports.

The next key catalyst of the Nikkei index will be the Federal Reserve interest rate decision on Wednesday. Historically, the actions of the Fed tend to have an impact on US and other global stocks.

Nifty 50 index analysis

Nify 50 index chart by TradingView

The weekly chart shows that the Nifty 50 index has pulled back from the 2024 high of ₹26,315 to a low of ₹21,988. It formed a descending channel that connects the highest and lowest swings since December last year.

On the positive side, the index has formed a falling wedge pattern, a popular bullish sign in the market.

The index has also formed a slanted bullish flag chart pattern, a popular bullish sign. Also, it has found support at the 100-week moving average, where it failed to move below.

Therefore, the Nifty 50 index will likely bounce back in the coming weeks. If this happens, the next point to watch will be at ₹26,315, the highest swing in December last year.

The post Nifty 50 index has crashed, but technicals point to a surge soon appeared first on Invezz

Pi Network price has crashed this month as demand and hype surrounding the coin eases. After soaring to an all-time high of $3 last month, it has dropped by over 60% to the current $1.1630. So, what next for the Pi coin in the next few years, and will it become a viable Bitcoin rival?

Why Pi Network price has crashed

Pi Network is a cryptocurrency project that has been around in the last seven years. It was in its development phase for the most part of this period. In it, over 60 million pioneers actively mined it, with the goal of converting their winnings into fiat currencies like the US dollar. 

Pi Network launched its mainnet in February, making it possible for pioneers to sell their tokens. As was widely expected, the Pi coin fell immediately after being listed in several exchanges like OKX and MEXC. This crash happened as these pioneers sold their tokens. 

Pi Network price then bounced back immediately after that and reached an all-time high of $. This rebound happened as the hype surrounding the Pi coin jumped. 

Recently, however, Pi coin has crashed, and is now hovering near its lowest level since February 22. 

There are a few reasons why the value of Pi has crashed in the past few weeks. First, the hype surrounding the token has waned, pushing more holders to sell their tokens.

Second, the much-anticipated Binance listing has not happened yet. Binance ran a poll on whether it should list the Pi Network. While most users voted in favor of listing, the company is yet to confirm when it will happen.

Read more: Pi Network price prediction 2025 – 2030 after the mainnet launch

Third, there are concerns about the future dilution of the Pi Network token. Data by CoinMarketCap shows that Pi Network has a maximum supply of 100 billion tokens, and a circulating one of 6.8 billion. This means that the network will unlock over 93 billion tokens over time. 

Some of these tokens or about 1.4 billion tokens, will be unlocked this year, and billions more in the next few years. Unless Pi Network introduces a burn mechanism, there are chances that the supply will become more than demand, which will affect the price. 

Potential catalysts for Pi coin

There are a few catalysts that may help to push Pi coin price higher in the long term. First, there are rising recession odds in the US as Donald Trump implements large tariffs on imported goods from countries like China, Canada, and Mexico. A recession would be a good thing for cryptocurrencies like the Pi Network because it will lead to interest rate cuts. 

Second, Pi Network has become a large cryptocurrency valued at over $12 billion. It is also one of the most actively traded coins in the market. As such, it is just a matter of time before major companies like Coinbase, UpBit, and Binance list it. They will list it to benefit from the fees that it is generating for other exchanges. 

Third, Pi Network is a made-in-USA coin with a valuation of over $12 billion. It is also a proof-of-work token that has higher volumes than other coins like Litecoin, Hedera Hashgraph, Sui, and Polkadot, which have received ETF applications. This means that there are odds that one or more companies will apply for a spot Pi ETF, a move that would lead to more demand. 

Pi Coin price analysis

PI chart by TradingView

Technicals suggest that the Pi Network price has more downside to go. It has dropped below the 50-period and 25-period moving averages, a sign that bears are in control for now.

Pi Network has also moved below the ascending trendline that connects the lowest swings since February 25. This price was the lower side of the head and shoulders chart pattern, a popular bearish continuation sign. 

Therefore, the short-term outlook for the Pi coin prIce is bearish, with the next target to watch being at $0.61, the lowest swing on February 25. In the long-term, however, the Pi Network price will likely bounce back and retest the resistance at $5 as the catalysts above happen.

The post Pi Network price prediction: is it safe to buy the Pi coin dip? appeared first on Invezz

XRP price has lost the momentum it had late last year. Ripple has remained in a wide range between the crucial support at $2 and the resistance point at $3.40 this year. It is not moving in a well-defined trend and has formed the risky head and shoulders chart pattern. This article looks at some of the top catalysts that may affect the XRP price in the near term.

Ripple vs. SEC case

The first major catalyst that may push the XRP price higher is a potential settlement between Ripple Labs and the Securities and Exchange Commission (SEC).

This settlement stems from a case that started in 2020 when the SEC accused Ripple Labs of crimes stemming from it 2013 token sale. The agency sought a $2 billion fine from the company.

In a ruling, a judge said that XRP was not a security, which was a positive thing for Ripple Labs. The judge, however, noted that the capital raise from investors was illegal and fined the company $250 million, which the SEC appealed.

Therefore, there are signs that the SEC, under Donald Trump, will end the lawsuit. Besides, it has already ended lawsuits against other large players in the crypto industry, like Coinbase, Kraken, Gemini, OpenSea, and Uniswap.

The end of this case would be a good thing for XRP price because it would let Ripple Labs do deals with other financial services companies like banks and money transfer firms. Many of these firms have been afraid of dealing with Ripple because of its baggage. 

Ripple is aiming to be a viable SWIFT rival

The end of the suit would also help the company achieve its goal of being a viable rival to SWIFT, the society that connects banks globally. SWIFT’s messaging platform handles over $150 trillion a day.

Ripple sees an opportunity to create a unique system that handles payments either directly or using the XRP token.

Banks will likely prefer Ripple because it is a faster payment method, does not require cash movement, and is cheaper. A Ripple transaction costs less than $5, while SWIFT costs over $50, depending on the amount.

XRP ETF odds

The other catalyst for the XRP ETF is that the odds of a spot ETF approval by the Securities and Exchange Commission (SEC) have risen in the past few months.

Polymarket data shows that participants have an 80% chance of the approval of funds by companies like Grayscale, Canary, and WisdomTree.

An XRP ETF would be a good thing for its price because it would lead to more demand from institutional investors. JPMorgan estimates that these funds would attract over $8 billion in inflows.

Macro factors and Ripple prices

Other macro factors may affect the XRP price. The most notable one is the potential recession in the United States. A recession would be a good thing for XRP price and other crypto coins because of the impact on the Federal Reserve. 

Historically, the Fed reacted to these risks by cutting interest rates. For example, it slashed interest rates during the pandemic leading to higher crypto and stock prices.

XRP price forecast

XRP chart by TradingView

All the above are positive catalysts for the Ripple price. However, there is a risk that they have all been priced in by market participants. 

The other risk is that the XRP price has formed a head and shoulders pattern on the daily chart. Its head is at $3.4, while the right and left shoulders are at $3. The neckline has moved to $1.9.

Therefore, a move below the neckline at $1.9 would likely lead to more downside, potentially to the psychological point at $1, which is about 55% below the current level. 

The post XRP price has key catalysts: here’s why Ripple may crash 50% appeared first on Invezz

The Nikkei 225 index has risen modestly in the past few days as investors have moved back to the stock market. It initially bottomed at ¥35,960 last week, and has rebounded to over ¥38,000. This article explores why the Nikkei index is rising and what to expect ahead of the Fed and BoJ interest rate decisions.

Warren Buffett buys more Japan stocks

One of the top reasons why the Nikkei 225 index has risen is that Warren Buffett has remained bullish on Japan stocks.

He has done that by being one of the biggest investors in the five trading houses that dominate the Japanese economy.

These companies are Marubeni, Itochu, Mitsubishi, Mitsui, and Sumitomo. He initially invested in these companies during the pandemic and has grown to become their biggest investor.

Warren Buffett believes that these trading houses are highly undervalued and that their business will continue doing well in the longer term. This explains why he recently bought more of these companies even as he dumped some of US companies like Apple and Bank of America.

Bank of Japan interest rate decision ahead

The Nikkei 225 index will be the upcoming BoJ interest rate decision that will happen on Wednesday.

Economists expect the bank to leave interest rates unchanged as it observes the impacts of Donald Trump’s tariffs on the US.

However, there are signs that the BoJ will embrace a more hawkish tone now that inflation has jumped to 4% in the past few months.

Indeed, the bond market point to further rate hikes in the future. The 10-year yield of Japanese bonds has jumped to 1.5%, higher than last year’s low of 0.728%. Similarly, the 30-year and 5-year yields have soared in the past few months.

Rising bond yields is a sign that investors anticipate that the BoJ will deliver more hikes in the future as it combats rising inflation.

The Nikkei 225 index normally falls when the Japanese yen is falling because it pushes more investors from stocks to bonds.

FOMC decision ahead

The other key catalyst for the Nikkei 225 index will be the Federal Reserve interest rate decision scheduled on Wednesday this week.

The bank is not expected to cut or hike interest rates this week. Nonetheless, officials will likely mention the tariff risk and explain what to expect later this year. Analysts anticipate more rate cuts later this year as US recession odds rise.

A hawkish Fed will likely be a bad thing for the Nikkei 225 and other global stocks. Historically, these indices thrive when the Fed is either cutting rates or when it signals that it will deliver more cuts ahead.

Some analysts anticipate that the BoJ will point to more cuts later this year because of the ongoing recession risks in the US.

Nikkei 225 index analysis

Nikkei 225 index chart by TradingView

The daily chart shows that the Nikkei index has moved sideways in the past few years. It has remained inside the key support and resistance levels at ¥37,790 and ¥40,000.

The index made a bearish breakout below the support last week and bottomed at ¥35,960. It has now rebounded and moved inside the channel.

The Nikkei 225 index remains below the 50-day moving average, meaning that it is still at risk of more downside. If this happens, the next key level to watch will be at ¥35,960. More gains will be confirmed if the Nikkei index rises above the 50-day MA and the upper side of the channel at ¥40,000.

The post Nikkei 225 index outlook ahead of BoJ and Fed decisions appeared first on Invezz

The Nifty 50 index has moved into a correction after crashing by 13% from its highest level this year. It has dropped from the year-to-date high of ₹26,265 to the current ₹22,730. It is hovering near its lowest level since June 3. So, is it safe to buy the Nifty 50 index dip or just sell the rip?

US reciprocal tariffs to hit India the most

The Nifty 50 index has dropped in the past few weeks as investors focus on the actions of Donald Trump.

Trump has already imposed tariffs on goods from top US trading partners like Mexico, Canada, and China.

He has also implemented tariffs on imported steel and aluminum. Further, he has said that he will impose reciprocal tariffs in April.

Analysts expect that India will be one of the most affected countries when these tariffs kick in because of its high tariffs on imports.

Tariffs on Indian goods would have a big impact on some Nifty 50 index companies that do a lot of business in the United States.

India sells goods worth billions of dollars to the US annually. Some of these goods are in the textile, petroleum, electrical and electronic products, and pharmaceuticals. Some of the top companies that will be affected are Reliance Industries, Tata Steel, Tata Motors, and Sun Pharmaceutical.

Narendra Modi has worked behind the scenes to please Donald Trump and prevent the country from being included in the reciprocal tariffs. He was one of the first foreign leaders to visit the US after Trump’s inauguration. Also, he pledged to boost the trade volume between the two countries to $500 billion a year.

Still, it is unclear whether these measures will help to prevent tariffs from the United States. Trump has long believed that other countries, including India, were taking advantage of the US.

Indian stocks valuation reset

The Nifty 50 index has also slipped as Indian companies go through a valuation reset. At its peak, the index had a PE ratio of over 25, making it more expensive than other global indices like the Nasdaq 100 and the S&P 500 index.

The price-to-earnings multiple has now moderated slightly to about 20, meaning that it has now become a bargain compared to other indices.

The valuation of most Indian companies became stretched in 2024 as retail investors pumped these equities. Today, some of the top pumped equities, like Trent and Ola Electric have plunged from their highest levels this year.

The Nifty 50 index has retreated as the Indian rupee has jumped. The USD/INR exchange rate has dropped from the year-to-date high of 88 to 86.7. A stronger rupee hurts some companies, especially those that focus on exports.

The next key catalyst of the Nikkei index will be the Federal Reserve interest rate decision on Wednesday. Historically, the actions of the Fed tend to have an impact on US and other global stocks.

Nifty 50 index analysis

Nify 50 index chart by TradingView

The weekly chart shows that the Nifty 50 index has pulled back from the 2024 high of ₹26,315 to a low of ₹21,988. It formed a descending channel that connects the highest and lowest swings since December last year.

On the positive side, the index has formed a falling wedge pattern, a popular bullish sign in the market.

The index has also formed a slanted bullish flag chart pattern, a popular bullish sign. Also, it has found support at the 100-week moving average, where it failed to move below.

Therefore, the Nifty 50 index will likely bounce back in the coming weeks. If this happens, the next point to watch will be at ₹26,315, the highest swing in December last year.

The post Nifty 50 index has crashed, but technicals point to a surge soon appeared first on Invezz

Asian stock markets are trading mostly higher on Tuesday, following positive cues from Wall Street overnight.

Traders continued to pick up stocks at reduced levels after recent weakness but remained cautious ahead of the US Federal Reserve’s monetary policy announcement on Wednesday.

While the Fed is widely expected to keep interest rates unchanged, investors are looking for signals in the accompanying statement and projections regarding the outlook for rates.

Meanwhile, the Bank of England, the Bank of Japan, and the Swiss National Bank are also set to announce their monetary policy decisions later in the week.

Japan’s Nikkei rises sharply

Japanese stocks are surging on Tuesday, extending their upward momentum from the last two sessions, as the Nikkei 225 moves well above the 37,900 level.

Gains are seen across most sectors, with financials and technology stocks leading the rally.

The benchmark Nikkei 225 Index closed the morning session at 37,943.23, up 546.71 points, or 1.46%, after touching an intraday high of 38,004.20.

The advance follows a strong finish on Monday.

Among major stocks, SoftBank Group is up nearly 1%, while Fast Retailing, the owner of Uniqlo, is adding 1.5%.

Automakers are also performing well, with Honda gaining over 2% and Toyota advancing nearly 3%.

Hong Kong, China stocks jump on trade optimism

Hong Kong stocks climbed for a second consecutive session on Tuesday, buoyed by hopes that a potential meeting between US President Donald Trump and Chinese President Xi Jinping could ease trade tensions between the two largest economies.

Gains in US-listed Chinese technology stocks overnight also contributed to the upbeat sentiment.

The Hang Seng Index advanced 1.8% to 24,578.14, building on the 0.8% gain from Monday.

The Hang Seng Tech Index saw a sharper rise, climbing 2.4%.

On the mainland, the CSI 300 Index added 0.2%, while the Shanghai Composite Index edged up 0.1%.

Technology stocks led the rally, mirroring strong performances in US markets.

Baidu surged 9.2% to HK$100.50, while Alibaba gained 5.4 % to HK$142.80. Kuaishou Technology rose 4.6 % to HK$66.40, and electric vehicle maker BYD added 3.7 %.

Investor optimism grew after Trump indicated that Xi would visit Washington in the “not too distant future.”

Reports suggest the leaders may meet as early as April to discuss trade, fueling hopes of a potential resolution to ongoing tensions.

Other Asian markets

The Australian stock market is trading modestly higher, adding to gains from the previous two sessions.

The benchmark S&P/ASX 200 is holding well above the 7,850 level.

The S&P/ASX 200 Index is up 17.80 points, or 0.23 %, at 7,871.90, after reaching a high of 7,922.90 earlier in the session.

The broader All Ordinaries Index is also up 0.22 % at 8,099.90.

Seoul shares opened higher on Tuesday, tracking gains from Wall Street, as foreign investors showed strong interest in tech stocks.

The benchmark Kospi rose 20.45 points, or 0.78%, to 2,631.14 in the first 15 minutes of trading.

The post Asian markets surge on Tuesday: Nikkei up 1.46%, Hang Seng jumps 1.8% appeared first on Invezz