While state elections have shown no correlation with Lok Sabha elections in the past, it nonetheless removes a key overhang of political uncertainty for the markets for the next five months, noted broking firm Motilal Oswal.
Billionaire businessman Elon Musk has abruptly changed his past involvement in the cryptocurrency field by announcing categorically that none of his firms would ever produce a cryptocurrency token. This choice was made in response to a recent event in which Musk was unjustly linked to a fraudulent cryptocurrency token called Xai Corp (XAI).
In the wake of Realty Income Corp.’s (NYSE:O) announcement to acquire Spirit Realty Capital Inc (NYSE:SRC) in a $9.3 billion transaction, market watchers observed a roughly 5.4% decline in Realty Income’s share price. This downward movement has left some investors puzzled considering the news appears to be positive for shareholders. However, it's quite common for the share price of the acquiring company to slide after an acquisition announcement while investors weigh the potential pros and cons