Trade Financial News

Dubai: An oil tanker once at the center of a crisis between Iran and the United States was boarded in the Gulf of Oman by “unauthorized" men in military uniforms early on Thursday morning, an advisory group run by the British military and a private security firm warned. Details remained unclear in what was apparently the latest seizure of a vessel in the tense Middle East waterways.

The first funds are expected to start trading at market opening Thursday, with BlackRock leading the way with its iShares Bitcoin Trust. Other top institutions primed to begin trading include incumbents such as Fidelity and Invesco and relative newcomers like Grayscale and Ark Invest.The ruling comes after a US federal appeals court in August sided with Grayscale in a lawsuit against the SEC after the regulator denied an application to convert the Grayscale Bitcoin Trust into an exchange-traded fund, leading to increased pressure on the regulator to correct its cautious stance.

India's retail inflation data expected tomorrow. Analysts estimate a rise in December CPI On Thursday, Sensex opened 250 points higher at 71,907.75 against the previous close of 71,657.71 and touched the intraday high of 71,999.47. The index, however, lost most gains and ended 63 points, or 0.09 per cent, higher at 71,721.18.

Cameron Mackay on Thursday said notwithstanding the recent tensions, the strategic interests of India and Canada are «absolutely aligned», and he was encouraged by the continuance of bilateral trade and investment relationship. Speaking at a seminar on 'India-Canada Business: The Way Forward' at the Vibrant Gujarat Global Summit here, he said this annual gathering of investors was a «great platform to reassert our business to business and people to people ties.» The relations between the two countries saw some bitterness last year following Canadian Prime Minister Justin Trudeau's allegation about India's suspected involvement in the killing of Khalistani separatist and designated terrorist Hardeep Singh Nijjar in his country.

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Jyoti CNC Automation fell sharply in the unlisted market on Thursday despite a robust response for the IPO. The issue was subscribed 12 times so far on the last day of the bidding process. The company's shares are trading with a premium of Rs 45, down from 75 the previous day.

Sundararaman Ramamurthy, MD & CEO, BSE, says “whether we accept it or not, every stock exchange, every MII is a fintech. It is dealing with finance and it is a technology company. So the moment you start thinking that you are a fintech in that perspective, you will be innovative, you will be trying to find areas where we need to be continuously on the run. I think not only BSE, everybody in this country needs to be adaptable to changes.” You have completed almost a year. Let us look at the BSE stock price in the last one year. We always say that markets get excited about a change of guard. In this case, magic has happened to your stock in the last one year. There has been a 300% return. Are you feeling happy, excited that shareholders are endorsing your leadership? Sundararaman Ramamurthy: The stock price is a culmination of demand and supply in the market, which comes from what market perceives as what currently is happening and what in future is going to happen. From a stock exchange perspective, it is more like a ladle in a big pot of kheer. The ladle does not know the sweetness of the kheer. The job of the ladle is to distribute it, whether it is sweet or not, the consumers decide.

Stock market today: Shares of Evoq Remedies Ltd are one of the small-cap stocks that are priced below ₹50 in the Indian stock market. The small-cap stock below ₹50 has informed Indian exchanges that it has received an export order worth ₹136 crore, which has attracted the attention of market investors. The pharma stock informed BSE about the export order on Wednesday and the stock immediately touched the 20 per cent upper circuit after the outbreak of this stock market news.

Mangalore Refinery and Petrochemicals, a government-owned refinery company, continued their winning streak for the third consecutive trading session on Thursday, gaining 17.8% to hit a new record high of ₹158 apiece, surpassing their previous record of ₹149 apiece achieved in January 2008. By 01:15 pm, a total of 33.8 million shares were traded on the NSE and BSE combined, significantly exceeding the one-week average trading volume of 2.1 million shares. Also Read: Nifty 50 usually gains 6 months pre and post general elections despite volatility: Motilal Oswal In the calendar year 2023, the stock generated a multibagger return of 137.52%, marking its third consecutive year of positive performance.

In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.

Ambuja Cements Ltd. traded 1.91 per cent up in Thursday's trade at 01:14PM (IST). Around 90,163 shares changed hands on the counter.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

The counter has had a total traded volume of 221114 shares so far with a value of Rs 20.89 crore on the NSE. It traded at a price-to-earnings multiple of 69.0 and a price-to-book ratio of 18.5. A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

LTIMindtree Ltd. traded 0.11 per cent down at Rs 5940.0 at 01:20PM (IST) on Thursday, even as BSE benchmark Sensex gained 129.23 points to 71786.94.

Pidilite Industries Ltd. traded 0.69 per cent up at Rs 2727.3 at 01:25PM (IST) on Thursday, even as BSE benchmark Sensex gained 146.74 points to 71804.45. The scrip had closed at Rs 2708.35 in the previous session.

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If your portfolio hasn’t been on fire lately, it’s time to check out the latest sizzling updates in the crypto world. We’re witnessing an impressive 25% surge in Celestia’s ($TIA) price, the best upcoming ICO Galaxy Fox smashing the $2.5 million milestone in its presale, and the Solana bulls charging ahead with monumental on-chain transactions. Let’s take a closer look at these developments.

Avenue Supermarts Ltd. traded 0.02 per cent up at Rs 3819.0 at around 12:28PM (IST) on Thursday. The stock had closed at Rs 3819.9 in the previous session.

Bharat Forge Ltd. rose 0.42 per cent to Rs 1289.4 in Thursday's trade. It hit an intraday high of Rs 1298.5 and low of Rs 1282.0, respectively, during the day.

Zee Entertainment Enterprises Ltd. traded 1.34 per cent lower in Thursday's session at 12:23PM (IST). The stock opened at Rs 261.0 and has touched an intraday high and low of Rs 262.4 and Rs 255.05, respectively, during the session so far.

Reliance Industries, India's largest company by market value, on Thursday rallied another 1% to hit a fresh all-time peak of Rs 2,690.90 on BSE. In the process, RIL's market capitalisation crossed the Rs 18 lakh-crore mark. After underperforming Nifty by 9% in the calendar year 2023, some buying momentum has been seen in RIL shares in the last few days.