News from the Markets

• Foreign funds cash out of key Asian emerging markets ahead of Fed meeting
  Overseas funds have sold a net $3.1 billion worth of shares in Taiwan, South Korea and India so far this week
• Meta winding up its ambitious cryptocurrency project: Report
  Originally launched as Libra and later renamed as the Diem Association, the cryptocurrency initiative "is weighing a sale of its assets as a way to return capital to its investor members": Report
• S&P upgrades outlook on Axis Bank to positive on improved asset quality
  Private lender's loan growth and profitability should improve as economic activity gains pace in India, says agency.
• Are markets in for a wild ride after US Fed meet outcome?
  The US Fed's signal of raising rates from March is the reason behind the stock markets' volatile start to the year. Let's delve into the market outlook for Indian equities in the near-term
• Gold trading at Rs 49,680 per 10 gm today; silver price at Rs 64,100/kg
  The price of gold varies across the country due to excise duty, state taxes, and making charges
• IMF urges El Salvador to ditch Bitcoin as legal tender citing risks
  IMF also said the Covid-19 pandemic interrupted ten years of growth, but El Salvador is rebounding quickly
• BSE IPO index set for worst month since March 2020, shows data
  The S&P BSE IPO Index, which tracks firms for two years after their listings, has plunged about 10 per cent so far this year
• Bruised bulls stage stunning comeback; Sensex ends 367 points higher
  The market breadth was positive, with 1,955 stocks advancing and 1,404 declining
• Hosiery maker Lux Industries tumbles 20% following Sebi order
  Those barred included Udit Todi, company's executive director and son of the MD
• Axis Bank shares rise nearly 7% as Q3 net profit surges three-fold
  Shares of Axis Bank on Tuesday rallied nearly 7 per cent after the company reported a sharp three-fold jump in its consolidated net profit for the December quarter.