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 President-elect Donald Trump has announced Stephen Miran as his nominee for the chair of the Council of Economic Advisers (CEA), a key position that influences economic policy in the U.S. Miran, a former senior adviser at the U.S. Treasury Department during Trump's first term, is known for his strong support of cryptocurrency, particularly Bitcoin. He has been a vocal critic of the current financial regulatory system, arguing that it stifles innovation and hampers financial growth​ . Miran's appointment aligns with Trump's broader strategy of fostering economic growth through innovation, including the promotion of digital assets like cryptocurrency. He believes that crypto could play a crucial role in driving the next economic boom under Trump's leadership​ . His views on crypto have earned him significant backing from the industry, including notable figures such as Michael Saylor, the executive chairman of MicroStrategy​ . The Senate must confirm Miran's nominatio...

 Former President Donald Trump has appointed Bo Hines, a former college football player and Republican candidate, to serve on the Presidential Advisory Council on Combating the Digital Asset Economy, a newly established council focused on cryptocurrency regulation and policy. Hines, who played football at Yale University, is well-known in political circles as a rising star in the GOP. His appointment signals a strong push by Trump to ensure that the government stays ahead of the rapidly evolving digital currency market. The council's mission is to advise the President on issues related to cryptocurrency, blockchain technology, and digital asset regulation. The advisory body is expected to play a key role in shaping the U.S.'s stance on cryptocurrency innovation, regulation, and security. Trump's move comes as part of his broader efforts to support the growth of the tech and financial sectors, while also addressing concerns over the regulation and use of cryptocurrencies in ...

The cryptocurrency market faced a wave of volatility this week, with Dogecoin (DOGE) and other meme coins experiencing sharp declines, while Bitcoin (BTC) retreated from its recent all-time high. Market analysts attribute the downturn to a combination of profit-taking by investors, macroeconomic uncertainties, and waning enthusiasm in speculative assets. Bitcoin’s Slide Bitcoin recently surged to an all-time high of over $70,000, buoyed by optimism surrounding institutional adoption and growing interest in spot Bitcoin ETFs. However, the leading cryptocurrency has since retreated, falling by approximately 7% in the past 24 hours to trade near $65,000. The decline comes amid concerns over inflation data and hints from central banks about tighter monetary policies, which may be influencing market sentiment. Meme Coins Take a Hit Dogecoin, often seen as the poster child of meme coins, dropped by over 12% in the past day, now trading at around $0.056. Other meme-based cryptocurrencies, s...

In a stunning turn of events, Bitcoin has surged to a new all-time high, surpassing previous records amid growing institutional adoption and investor optimism. The cryptocurrency, which has seen wild fluctuations throughout the year, has now caught the attention of both seasoned and retail investors alike, as it reaches unprecedented levels. One of the key factors driving Bitcoin’s recent surge is the growing recognition of its potential as a store of value, particularly by institutional investors. Companies like MicroStrategy, a business intelligence firm that has accumulated substantial Bitcoin holdings, have played a pivotal role in pushing Bitcoin into the mainstream. MicroStrategy’s commitment to Bitcoin has sparked a new wave of enthusiasm in the market, with many viewing the firm as a key player in shaping the future of digital assets. In addition to the Bitcoin rally, MicroStrategy is poised to make another major move—its preparation to join the prestigious Nasdaq 100 index. Th...

In a stunning turn of events, Bitcoin has plunged below the $100,000 mark following a surprise move by the Federal Reserve. The digital currency, which had been riding high for months, saw a sharp drop in value after the Fed's unexpected decision to raise interest rates, throwing the cryptocurrency market into turmoil. This unprecedented move has left investors, analysts, and even casual crypto enthusiasts reeling. Bitcoin's fall comes at a time when the world’s largest cryptocurrency was seeing increasing adoption across various sectors, with athletes, businesses, and even state governments embracing crypto in bold new ways. High-profile athletes have continued to make headlines for their embrace of digital currencies, with some even converting their entire salaries into Bitcoin. However, the ongoing volatility and regulatory uncertainty now cast doubt on the future of these crypto-driven deals. In the wake of Bitcoin’s crash, scams and fraudulent schemes have surged, preying ...

Bitcoin's recent 10% price correction has sparked mixed reactions in the market, but Matt Hougan, Chief Investment Officer (CIO) of Bitwise Asset Management, sees it as a strategic buying opportunity. The cryptocurrency market, known for its volatility, recently witnessed Bitcoin drop from over $42,000 to around $38,000, raising concerns among investors. Hougan emphasized that such corrections are a natural part of Bitcoin’s growth trajectory and often signal a consolidation phase before the next potential rally. “Bitcoin’s fundamentals remain strong,” he stated in a recent interview. “The correction presents a chance for long-term investors to strengthen their positions as institutional interest and global adoption continue to grow.” Institutional Interest Remains Strong Despite the downturn, institutional investors have shown resilience. The recent filing of Bitcoin spot ETFs by major financial institutions and increasing interest from global corporations highlight Bitcoin’s grow...

In recent years, blockchain technology, the digital ledger system primarily associated with cryptocurrencies, has started to make its way into the corporate world, particularly in the area of treasury management. While traditionally, treasury departments have relied on conventional systems for managing cash flow, investments, and risk, blockchain's decentralized nature and ability to offer transparency and security are reshaping how businesses approach these operations. The Appeal of Blockchain in Corporate Treasury The adoption of blockchain in corporate treasury is driven by the need for efficiency, security, and real-time transactions. Blockchain’s decentralized structure allows for faster settlement times, eliminating the need for intermediaries like banks in many cases. This not only speeds up processes but also reduces transaction costs, making it an attractive option for companies seeking to optimize their financial operations. Moreover, the transparency inherent in blockcha...

 In an unexpected turn of events, Bitcoin has tumbled below the $100,000 mark, a significant drop that has rattled both investors and enthusiasts. The sudden plunge comes on the heels of a shock move by the Federal Reserve, which introduced new regulations affecting the crypto market, spurring massive sell-offs. Bitcoin, which had previously been trading near its all-time high, saw a sharp decline, dipping below this crucial psychological level. The volatility has prompted a wave of reactions from across the crypto ecosystem. While many long-term holders are maintaining their positions, others are fleeing the market in panic. The timing of this dip has left experts divided, with some questioning the long-term viability of Bitcoin amidst increasing regulatory pressures and potential institutional crackdowns. Athletes Embrace Cryptocurrency Despite the market uncertainty, athletes remain vocal in their support of cryptocurrency. High-profile figures from various sports have increasin...

In a move that has caught the attention of cryptocurrency analysts and financial markets, MicroStrategy, led by its co-founder and executive chairman Michael Saylor, continues to execute arbitrage strategies within the Bitcoin market. While these deals showcase Saylor’s unrelenting commitment to Bitcoin, they also raise questions about underlying market risks and the sustainability of such strategies in volatile economic conditions. MicroStrategy’s Arbitrage Play MicroStrategy, one of the largest corporate holders of Bitcoin, has repeatedly leveraged debt financing, stock offerings, and other financial instruments to acquire substantial amounts of the cryptocurrency. Most recently, the company reported engaging in arbitrage-like activities, buying Bitcoin at opportune moments to maximize potential gains. This strategy aligns with Saylor’s vision of positioning Bitcoin as a superior store of value compared to traditional assets. However, critics argue that the company's arbitrage st...

In a recent series of moves that have garnered attention in financial circles, Michael Saylor’s MicroStrategy, the business intelligence firm he co-founded, has been involved in a series of arbitrage deals that seem to reflect growing concerns over underlying market risks. These deals, largely centered around Bitcoin, have led analysts to question the company's strategy and its exposure to market volatility. MicroStrategy, which has become one of the largest corporate holders of Bitcoin, has been engaging in transactions designed to capitalize on price discrepancies across different platforms, a classic strategy known as arbitrage. By purchasing Bitcoin on one exchange and quickly selling it on another for a profit, MicroStrategy has been able to leverage the volatility of the digital currency market to its advantage. However, experts argue that these arbitrage plays, while potentially profitable in the short term, could indicate deeper vulnerabilities in the company’s financial st...

In the rollercoaster world of cryptocurrencies, meme coins are creating a buzz akin to a sugar rush—sweet, addictive, and fleeting. Often inspired by internet culture and humor, these tokens, such as Dogecoin, Shiba Inu, and Pepe, are drawing a new wave of investors looking for quick profits and a taste of the volatile crypto market. What Are Meme Coins? Unlike Bitcoin or Ethereum, which are built on robust use cases or technological innovation, meme coins often lack intrinsic utility. Their value is driven largely by social media hype, celebrity endorsements, and the fear of missing out (FOMO). Why the Appeal? For new investors, meme coins present a low barrier to entry. Prices for these tokens often start in fractions of a cent, making them affordable for those hesitant to risk large sums. The allure of “overnight riches” is amplified by viral success stories of individuals turning small investments into substantial fortunes. The Risks Involved While the promise of high returns lures...

In a bold move that underscores the growing integration of cryptocurrency into national economic strategies, Senator Cynthia Lummis (R-WY) has thrown her support behind U.S. Treasury nominee Julia Bessent, citing her advocacy for a national Bitcoin reserve. The proposal, a first of its kind, seeks to position the United States as a leader in the global digital asset landscape. During a Senate Banking Committee hearing, Lummis lauded Bessent’s vision of leveraging Bitcoin as a strategic reserve asset, akin to gold. “Julia Bessent brings a forward-thinking approach to financial stability and innovation,” Lummis stated. “Her plan to incorporate Bitcoin into our national reserves could safeguard the U.S. economy against fiat currency devaluation and geopolitical risks.” A Strategic Push for Bitcoin Reserves Bessent’s proposal, though unconventional, aligns with Senator Lummis’s long-standing support for cryptocurrency adoption. The plan advocates allocating a fraction of the U.S. reserves ...

Meme coins, the playful and highly speculative corner of the cryptocurrency market, are proving to be a gateway for new investors seeking quick profits. With their quirky names, vibrant communities, and viral appeal, these digital tokens often trade on hype rather than intrinsic value, drawing comparisons to a fleeting sugar rush. The allure of meme coins lies in their potential for rapid gains. Cryptocurrencies like Dogecoin and Shiba Inu began as jokes but quickly skyrocketed in popularity, fueled by social media endorsements and celebrity backing. For instance, Dogecoin’s value soared after public support from Elon Musk, while Shiba Inu captured attention as the "Dogecoin killer." More recently, new entrants like Pepe Coin and Turbo Token have followed similar trajectories, enticing investors with promises of exponential returns. Why Meme Coins Attract New Investors Meme coins often present a low barrier to entry, appealing to first-time crypto buyers who may not fully und...

In a significant development for cryptocurrency advocates, U.S. Senator Cynthia Lummis (R-WY), a vocal proponent of Bitcoin, has expressed her strong support for the nomination of Jillian Bessent to a key Treasury Department position. The senator's endorsement comes as Bessent has floated the idea of establishing a strategic Bitcoin reserve —a bold move that could signal a shift in how the federal government approaches digital assets. Speaking to reporters, Sen. Lummis lauded Bessent's innovative approach, calling her "the forward-thinking leader we need to secure America's position in the global financial landscape." Lummis has long championed Bitcoin as a store of value and a hedge against inflation, aligning with Bessent's vision for integrating digital assets into the nation's economic strategy. The Push for a Bitcoin Reserve The idea of a strategic Bitcoin reserve is modeled loosely on the concept of strategic petroleum reserves, serving as a safeguar...

As 2024 approaches its close, Bitcoin is once again in the spotlight, with institutional adoption gaining significant traction. Recent developments, including asset management giants like BlackRock and Fidelity filing for Bitcoin exchange-traded funds (ETFs), have fueled optimism among investors. Could this wave of institutional interest push Bitcoin prices to unprecedented levels? Growing Institutional Interest Institutional adoption of Bitcoin has grown steadily over the past few years. In 2023, several major players in the financial sector embraced cryptocurrencies as part of their portfolios. Notably, BlackRock’s Bitcoin ETF application garnered significant attention, with experts predicting that approval could trigger a surge in demand. Such ETFs are expected to make Bitcoin more accessible to retail investors, further legitimizing its role as a mainstream asset. Additionally, large corporations, including Tesla and MicroStrategy, have continued to hold significant Bitcoin reserve...

The financial world witnessed a significant shift this week as Bitcoin surged to a new all-time high, overshadowing traditional safe-haven investments like U.S. Treasury bonds. The cryptocurrency's meteoric rise has drawn attention from both retail and institutional investors, signaling a growing confidence in digital assets as a store of value. Bitcoin Soars Amid Market Optimism Bitcoin, the world’s largest cryptocurrency by market capitalization, crossed the $70,000 mark for the first time on Friday. This milestone comes amid increasing adoption of cryptocurrencies by major corporations and the launch of multiple spot Bitcoin ETFs, which have provided easier access for mainstream investors. Analysts attribute Bitcoin’s rise to a combination of macroeconomic factors, including inflation concerns and a weakening U.S. dollar, which have driven investors to seek alternatives to traditional assets. U.S. Bonds Lose Luster In contrast, U.S. Treasury bonds have experienced a subdued perf...

Washington, D.C. — Senator Cynthia Lummis (R-WY), one of Capitol Hill's most vocal cryptocurrency advocates, has thrown her support behind President Biden's Treasury nominee, Heather Bessent, citing her openness to integrating Bitcoin into the nation's strategic financial reserves. During a Senate Banking Committee hearing this week, Lummis praised Bessent's innovative approach to monetary policy, particularly her willingness to explore digital assets as part of the U.S. Treasury's portfolio. “Heather Bessent has shown a keen understanding of the transformative power of blockchain technology and its potential role in fortifying America’s economic resilience,” Lummis said. A Strategic Bitcoin Reserve? The concept of a strategic Bitcoin reserve has gained traction in some financial and policy circles amid global monetary shifts. Advocates argue that Bitcoin’s decentralized nature and finite supply could serve as a hedge against inflation and geopolitical instability,...

As we head into the final stretch of 2024, the business world will keep a close eye on several key events and developments this week (December 16-20). Here’s what to watch for: Global Economic Data Releases Economic data from major economies will dominate the news cycle. In the U.S., reports on retail sales, industrial production, and consumer sentiment will offer fresh insights into the state of the economy. Investors are eager to see if the recent trends of slowing inflation and moderate growth continue into the year-end. Federal Reserve and Interest Rate Speculation Following the Fed’s recent meetings, analysts will continue to monitor any statements or signals regarding interest rates. With inflation showing signs of easing, markets will be watching for any indications of a policy shift or tightening, especially in light of upcoming economic projections for 2025. Corporate Earnings Reports Several companies, particularly in the tech and retail sectors, are expected to release their...

In a show of solidarity, a group of IT employees gathered outside the Accenture office in Gurgaon late Thursday evening to hold a candlelight protest in support of their colleague, Atul Subhash. The protest was organized after Subhash, an employee of Accenture, was allegedly dismissed from his position under controversial circumstances. The employees, who participated in the peaceful demonstration, expressed concerns over what they called "unjust treatment" of Subhash. They cited transparency issues and questioned the fairness of his termination, calling for a thorough investigation into the matter. "We stand with Atul and demand justice," said one of the protesters. "All we are asking for is a fair hearing and transparency from our company. The way Atul was treated is something none of us want to face." Atul Subhash's supporters shared that he had been an exemplary employee, praised for his dedication and contributions to various projects. His abrupt ...

Waaree Energies’ stock halted its seven-day winning streak, slipping 4% in early trading today. The decline comes as investors take profits after a strong rally in recent days, where the stock had seen significant gains. The drop follows a period of bullish momentum driven by positive sentiment in the renewable energy sector and the company's recent strong financial performance. However, analysts suggest that the pullback is a natural correction after the stock's impressive rise. Market experts are closely watching whether the stock can stabilize or if further profit-taking will weigh down on its momentum. Despite today’s dip, Waaree Energies remains a key player in India’s solar energy space, with continued growth potential as the nation increases its focus on clean energy solutions. As of now, the stock is expected to face resistance in the short term, but long-term prospects remain positive, with analysts recommending holding the stock for investors with a longer horizon.

The Indian stock market faced a subdued session today, with both the Sensex and Nifty experiencing losses despite positive inflation data. The Sensex fell by 0.8% while the Nifty ended lower by 0.6%, reflecting the cautious sentiment among investors. While the inflation figures provided some relief, particularly with a slight dip in retail inflation, key factors such as the US Federal Reserve’s monetary policy and continued selling by Foreign Institutional Investors (FIIs) weighed heavily on the markets. The US Federal Reserve's stance on interest rates and potential tightening measures have raised concerns about global liquidity and their impact on emerging markets like India. FIIs have been net sellers in the Indian equity markets for the past few sessions, which added to the downward pressure. Investors are also awaiting further cues from global markets, particularly the US, where economic data and policy signals continue to dominate investor sentiment. Analysts remain cautious,...

In a significant move to address a recent ransomware attack that disrupted operations, the Multi Commodity Exchange of India (MCX) has engaged global professional services firm EY to conduct a comprehensive investigation into the incident, according to sources familiar with the matter. The Incident The ransomware attack, which reportedly targeted brokerage systems linked to MCX, has raised alarms across the trading community. While the exchange itself maintained operational continuity, multiple brokerages experienced disruptions, leading to delays and client concerns. Sources suggest the attack was a coordinated effort to compromise critical systems, potentially aiming to extract sensitive data or hold systems hostage for a ransom. However, the extent of the damage remains unclear as investigations are underway. EY's Role EY, known for its expertise in cybersecurity and forensic investigations, is expected to analyze the breach’s origin, assess its impact, and provide strategic rec...

India’s private healthcare sector is poised to play a crucial role in driving the growth of the country’s medical industry in the coming years. However, experts warn that this expansion may negatively impact the affordability of healthcare services for the majority of the population. The private healthcare market in India has witnessed significant investment in recent years, with multinational corporations and domestic players expanding their footprint across urban and rural areas. This growth is expected to continue, fueled by increasing demand for quality healthcare services, a rise in lifestyle diseases, and growing medical tourism. According to a recent report, the private sector is forecasted to contribute more than 70% of India’s healthcare market by 2030. As private hospitals and clinics continue to enhance their infrastructure and offer specialized services, the overall quality of healthcare in the country is likely to improve. However, this growth comes at a cost. The surge in...

Metal stocks in India experienced significant declines today as investors reacted to China's recent pledge for economic stimulus, which failed to provide clear details on its implementation. Major players in the sector, including JSW Steel, Tata Steel, NMDC, and SAIL, saw their stock prices fall between 3% and 5%. The downturn in metal stocks comes after the Chinese government signaled plans to boost its economy, but did not elaborate on specifics regarding fiscal measures, infrastructure spending, or targeted sectors. This uncertainty led to concerns about the pace and effectiveness of the recovery, especially for industries heavily dependent on Chinese demand for metals. JSW Steel and Tata Steel, two of India’s leading steel producers, saw their shares fall by approximately 4%, while NMDC and SAIL dropped by around 3%. Analysts are closely monitoring further announcements from China to gauge the potential impact on global metal prices, which have been volatile due to ongoing econ...

 Brightcom Group has announced its financial results for the second quarter of fiscal year 2024, reporting a strong performance with an increase in revenue, operating income, and net income. The company's total revenue for Q2 stood at ₹1,814.14 crore, up from ₹1,480.61 crore in the previous quarter. Similarly, net income rose significantly to ₹352.17 crore, a growth of 27% compared to the previous quarter. Despite this positive financial update, Brightcom Group has not provided any new information regarding the revocation of the trading suspension on its shares. As a result, the company’s stock remains suspended from trading on both the BSE and NSE

The Indian stock markets showcased remarkable resilience today as the Sensex and Nifty rebounded strongly from earlier losses to close on a higher note. A robust recovery in IT and FMCG stocks spearheaded the comeback, boosting investor confidence. The Sensex surged by over 300 points, reclaiming the 66,000 mark , while the broader Nifty 50 rose above 19,700 , driven by gains in heavyweights like TCS , HUL , and Infosys . Both indices had started the day in the red amid weak global cues, but afternoon buying across sectors reversed the trend. Sectoral Highlights IT stocks shone the brightest, with the Nifty IT index rising nearly 1.5%, as optimism around global technology demand buoyed sentiments. Shares of Tech Mahindra and Wipro led the pack. The FMCG sector also witnessed strong buying, with companies like Hindustan Unilever and Nestle India posting significant gains. Banking and financial stocks, which were under pressure earlier in the day, managed a subdued recovery, ...

In a robust performance on Wednesday, Bharti Airtel's stock surged by 4%, making it the telecom giant's most significant single-day gain in seven weeks. The rally propelled Airtel's shares to close at ₹ [specific closing price] , driven by positive investor sentiment and encouraging market trends. Key Drivers of the Surge The stock's uptick is attributed to multiple factors, including optimism surrounding the company's expanding 5G network footprint and strong quarterly performance. Analysts have also pointed to Airtel's strategic pricing models and its ability to retain high-value customers as pivotal in driving revenue growth. Furthermore, a recent report highlighted Bharti Airtel's plans to deepen its penetration in rural areas, a move that could potentially boost its subscriber base in untapped markets. Market Reaction The broader market reflected a positive sentiment, with the [specific index] gaining [percentage gain] on the day. Bharti Airtel's ...

Shriram Finance's stock is in the spotlight following its announcement of selling an 84% stake in its housing finance arm, Shriram Housing Finance, to global private equity firm Warburg Pincus for Rs 3,929 crore. The transaction is expected to strengthen the company's balance sheet and unlock value for its shareholders. The deal marks a significant move for Shriram Finance, as it aims to streamline its operations and focus more on its core business. The sale will provide Warburg Pincus with a controlling interest in the housing finance segment, allowing it to further expand its footprint in India's growing housing finance market. Shriram Finance has stated that the proceeds from the sale will be utilized to reduce its debt and reinvest in business growth opportunities. The company has been focusing on enhancing its financial stability and improving shareholder returns. The move is seen as a strategic shift in the company's portfolio, with analysts predicting that the tr...

Shares of Neuland Laboratories saw a sharp decline of 8% in early trading today, following news that the Smallcap World Fund is likely to exit its stake in the company through a block deal worth Rs 780 crore. The deal, expected to involve a significant portion of the fund's holdings in the pharmaceutical firm, has raised concerns among investors, leading to a sharp drop in Neuland Labs' stock price. The block deal, which is a large transaction typically involving institutional investors, has added volatility to the stock. The Smallcap World Fund’s exit, coupled with the uncertainty surrounding the timing and the details of the deal, has led to heightened market speculation. Investors are closely monitoring the developments as the block deal could impact Neuland Labs' stock performance in the short term. Neuland Labs, a Hyderabad-based pharmaceutical company, has been witnessing strong growth in its core business segments. However, the news of this significant stake sale has...

Godawari Power and Ispat Ltd.'s stock hit a record high today after the company announced a significant development in its operations. The steel producer has signed a crucial agreement with GAIL India Limited (GAIL) for the supply of natural gas, marking a major step forward in its efforts to secure a stable and sustainable energy source for its manufacturing units. The news of the pact between Godawari Power and GAIL triggered a sharp rise in the stock market, with shares climbing to an all-time high. Investors have shown strong confidence in the company's future prospects, driven by the expected benefits of the gas supply agreement. Natural gas is seen as a cleaner and more cost-efficient alternative to traditional energy sources, aligning with the company's long-term sustainability goals. The agreement with GAIL will ensure that Godawari Power has access to a reliable and consistent supply of natural gas, which is expected to enhance operational efficiency and reduce cos...

Zaggle Prepaid, a leading player in the digital payments sector, has announced plans to raise Rs 950 crore through a Qualified Institutional Placement (QIP) in the next two weeks. This significant fundraising effort is aimed at fueling the company’s expansion plans and driving its growth in the competitive fintech space. The company intends to use the proceeds from the QIP to enhance its technology infrastructure, expand its product offerings, and support strategic acquisitions that will strengthen its position in the market. With this funding, Zaggle aims to scale up its operations and reach a broader customer base, continuing its push for innovation in the digital payment solutions sector. Zaggle’s decision to raise funds through QIP comes at a time when the demand for digital financial services is rapidly increasing, especially as businesses and consumers shift towards cashless transactions. The move is expected to boost the company's financial strength and provide it with the n...

The Indian stock market witnessed a downturn on Thursday as the Sensex and Nifty slipped in early trading, weighed down by cautious investor sentiment ahead of the release of India's Consumer Price Index (CPI) data for November and the weekly Futures and Options (F&O) expiry. Energy and auto stocks were the primary laggards, exerting pressure on the indices. Key Market Movements: The BSE Sensex dropped by over 200 points, hovering around 66,800 levels. The NSE Nifty 50 slipped below the 19,950 mark, extending losses from the previous session. Broader markets mirrored the decline, with the Nifty Midcap and Smallcap indices registering marginal losses. Sectoral Performance: Energy Stocks : Heavyweights such as Reliance Industries and ONGC faced selling pressure amid fluctuating global crude oil prices. Auto Sector : Shares of leading automobile manufacturers like Maruti Suzuki and Tata Motors fell, dragged down by concerns over slowing demand in the domestic market. IT and Ph...