Security Financial News

Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, began Friday's session lower, mirroring Asian peers as strong US inflation data dampened expectations of an early Federal Reserve rate cut. Given that Tata Consultancy Services is scheduled to release its financial results later today, spotlight will shift to the domestic earnings season.

₹72,678 per 10 gm while MCX silver rate today touched a new high of ₹84,102 per kg within a few minutes of the commodity market's opening bell. Speaking on the reason for the rise in gold and silver rates today, Anuj Gupta, Head of Commodity & Currency at HDFC Securities said, “Gold and silver prices are ascending today as the market is expecting US Fed rate cut after the strong US CPI data released on Wednesday.

cutting interest rates in the second half of this year. The RBI is also expected to follow the US Fed by cutting interest rates. Let us understand whether this is a good time to invest in debt funds.

U.S. Cybersecurity and Infrastructure Security Agency said Russian government-backed hackers have used their access to Microsoft's email system to steal correspondence between officials and the tech giant, an emergency directive by the U.S. watchdog released on Thursday showed. In the directive dated April 2, the agency warned that hackers were exploiting authentication details shared by email to try to break into Microsoft's customer systems, including those of an unspecified number of government agencies.

Interest rate outlook worries hang over the first-quarter earnings season, with the expected timeline for Federal Reserve rate cuts being pushed back as the economy remains robust.

Bharti Hexacom IPO: The listing date of the initial public offering (IPO) of Bharti Hexacom Limited has been fixed on 12th April 2024 i.e. today. The mainboard IPO will list on BSE and NSE in the ‘B’ group of securities, the BSE notice says.

On a boring day in the blue-chip cryptocurrency markets where Bitcoin (BTC) went sideways in the $70,000-$71,000 area and Ether (ETH) was rangebound in the $3,500 area, traders instead turned to the highly volatile and illiquid micro-cap on-chain markets to hunt for top crypto gainers today.

Sensex surged 354.45 points to close at 75,038.15, while the Nifty 50 settled 111.05 points, or 0.49%, higher at 22,753.80. Nifty 50 formed a small positive candle on the daily chart with minor upper and lower shadow. “Technically, this pattern indicates a formation of high wave type candle pattern.

Sensex surged 354.45 points, or 0.47%, to close at 75,038.15, while the Nifty 50 settled 111.05 points, or 0.49%, higher at 22,753.80. “We expect the ongoing up-move to continue in the market. The broader market too is likely to continue its outperformance along with stock-specific action on the back of strong domestic flows and healthy business updates.

Israel was on alert Thursday after its arch-foe Iran threatened reprisals over a strike in Syria this month that killed two Iranian generals, and as the war against Hamas ground on in Gaza. Days after Israel strengthened its air defences and paused leave for combat units, the United States also warned of the risk of an attack by Iran or its allied groups at a time when Middle East tensions have soared. Iran is «threatening to launch a significant attack on Israel», US President Joe Biden said Wednesday, pledging «ironclad» support for its top regional ally despite diplomatic tensions over Israel's military conduct in Gaza.

Joe Biden and Philippines President Ferdinand Marcos Jr. unveiled a wide range of agreements to enhance security and economic ties during meetings held at the White House this week. Here are some of the most notable:

A new survey of registered investment advisors shows a climate of tempered confidence in the sector, with more than two-thirds expecting at least a marginal rise in financial markets over the next year.

Morgan Stanley’s wealth unit is under the regulatory microscope, with multiple federal agencies scrutinizing its procedures for evaluating the risk of money laundering among clients within its extensive wealth management arm.

The Biden administration has approved construction of a deepwater oil export terminal off the Texas coast that would be the largest of its kind in the United States

Bengaluru | Mumbai: Piramal Group's flagship company Piramal Enterprises has invested over Rs 500 crore in a portfolio of projects of Bengaluru-based real estate developer Puravankara Group, said three persons with direct knowledge of the development. The investment encompasses a range of projects, spanning from commercial properties to residential ventures, reflecting a strategic collaboration aimed at bolstering real estate endeavours across multiple regions in India. «The Piramal Group entity has made this investment through a senior secured financing structure and it currently covers a total of four projects of the developer,» said one of the persons mentioned above. Key projects of this investment include the development of commercial properties spread over 800,000 sq ft along Kanakapura Road, a bustling locality in Bengaluru known for its rapid urbanization and commercial growth. This move aligns with the trend of commercial expansion in Bengaluru, fuelled by its status as a IT hub and a thriving business ecosystem.

The fully audited CasinoFi platform Insanity Bets is turning casino gamers into the house by offering multiple avenues to earn a passive income on the platform.

Vedanta's proposed demerger, where it is dividing its debt among the six demerged entities based on their respective book asset values, has raised concerns about the allocation of specific debt to each entity. For bondholders of Vedanta Resources (VRL), the parent of Mumbai-listed Vedanta, a major concern is the security over the Indian entity's shares, said Fitch Group unit CreditSights in a report. In September 2023, the mining conglomerate announced plans to demerge five of its key businesses — aluminium, oil and gas, and steel, into separate listed entities.

BJP election rally in Rishikesh on Thursday that Congress-led UPA government did not provide bullet-proof vests, modern weapons, the latest fighter planes and good infrastructure in the border areas for the defence forces to take on the enemy. There has been a change in approach in the last decade where terrorists are now «killed in their turf». Reaching out to the electorate in the hill state of Uttarakhand which sends its youth in big numbers to the defence forces, the PM said his party has given a strong government which has dealt with corruption. He alleged that the royal family of Congress is bent on destroying Shakti, the core of Hindu religion. «Today, there is a strong Modi government, hence terrorists are killed in their turf. The Indian Tricolour becomes a guarantee of security in the battlefield. Article 370 was abrogated in Jammu and Kashmir after seven decades. It is the strong BJP government which brought a law against triple talaq, and gave reservation to women in Parliament and state legislatures.»

militant associated with Pakistan-based terrorist organisation Lashkar-e-Taiba (LeT) was killed in an encounter with security forces in Pulwama district of southern Kashmir on Thursday, said Jammu and Kashmir Police. The encounter took place in Frassipora village of Pulwama, where a joint cordon and search operation was launched by police, 53 Rashtriya Rifles of the Army and 183 battalion of CRPF, police said. The slain militant, identified as Danish Sheikh, was a resident of Ellahi Bagh area in Srinagar and had joined the militant ranks just two weeks ago, according to the police.

Reporters Without Borders says one of its representatives was denied entry into Hong Kong, calling it a “new decline” in the city’s press freedoms

Union officials say steelworkers at Britain’s largest steel production plant have voted to go on strike for the first time in 40 years