Trade Financial News

Havells India Ltd. traded at Rs 1388.45 on BSE at 11:01AM (IST) on Tuesday, up 0.93 per cent from previous close. The stock quoted a 52-week low price of Rs 1120.1 and a high of Rs 1466.0.

Brigade Enterprises Ltd.(up 3.17 per cent), Godrej Properties Ltd.(up 2.75 per cent), Phoenix Mills Ltd.(up 1.56 per cent), DLF Ltd.(up 1.4 per cent) and Oberoi Realty Ltd.(up 1.15 per cent) were among the top gainers. Swan Energy Ltd.(down 0.95 per cent), Macrotech Developers Ltd.(down 0.46 per cent) and Sobha Ltd.(down 0.21 per cent) were the top losers on the index.

markets as Nifty formed a strong bearish engulfing candlestick on the daily charts. This correction is on the expected lines as Nifty was at significantly higher levels than its 50-day mean price. In addition, the uncertainty around the corporate earrings may also play a role in the future movement of the market. However, these dips also offer a good opportunity and two stocks have formed a strong setup on the charts for further rally, giving a good risk-reward ratio.

Godrej Consumer Products Ltd. rose 0.92 per cent to Rs 1185.7 at 11:06AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

Bharat Forge Ltd. traded 2.28 per cent up at Rs 1286.05 at 10:05AM (IST) on Tuesday, even as BSE benchmark Sensex gained 374.89 points to 71730.11.

Investing.com-- Most Asian currencies kept to a tight range on Tuesday, but saw some relief as the dollar was hit with profit-taking before key inflation data that is set to offer more cues on interest rate cuts this year.

Bharat Forge Ltd.(up 2.54 per cent), Samvardhana Motherson International Ltd.(up 2.17 per cent), Bajaj Auto Ltd.(up 1.96 per cent), Hero MotoCorp Ltd.(up 1.48 per cent) and Tata Motors Ltd.(up 1.31 per cent) were among the top gainers. TVS Motor Company Ltd.(down 0.62 per cent), Eicher Motors Ltd.(down 0.41 per cent) and Maruti Suzuki India Ltd.(down 0.16 per cent) were the top losers on the index.

Red Sea, though trade associations said they did not expect any notable disruptions for Europe's top economy. «We generally advise our customers to carefully examine their inventory strategy and, if necessary, adjust it,» DHL Group said in emailed comments, adding it was able to provide alternatives to customers such as air freight or rail. DHL Group does not operate ships but it uses them to transport containers. The German company offers planes, trains and trucks to move goods globally. This has become trickier since shippers such as Maersk and Hapag-Lloyd have recently rerouted ships away from the Red Sea — the shortest route from Asia to Europe via the Suez Canal — after vessels have come under attack from militants. German retailer association HDE, however, does not forecast any visible bottlenecks in the short or medium term, it said on Monday, pointing to more resilient supply chains that have been built up in recent years. «For this reason, empty shelves or price increases are not to be expected.» This chimes with Germany's logistics association DSLV, which does not expect major repercussions for the German economy, for example on consumer prices, citing the currently «very low» freight rates from Asia to Europe. While acknowledging there would be delays in deliveries, DLSV said supply chains were not expected to break down as they did two years ago, when the global economy was still feeling the impact of the coronavirus pandemic and the start of the Ukraine war. «Freight forwarders, shipping companies and retailers have learnt from the past.

InterGlobe Aviation Ltd. gained 2.96 per cent to Rs 3038.4 in Tuesday's trade as of 10:10AM (IST). It hit a high of Rs 3041.85 and low of Rs 2976.15 during the session.

Narendra Modi have been deemed unacceptable by the business community, and this call to boycott aims to express solidarity and register disapproval against such disrespectful behaviour. The Confederation of All India Traders (CAIT) stated it has «urged traders and exporters to refrain from conducting business dealings with the Maldives».

Investors who missed it earlier now have the opportunity to board the PSU bank bus offering attractive entry points to long term investors. Index returns by 12-stock Nifty PSU Bank is to the tune of 32% over a 1-year period which is higher than 11.36% returns delivered by Nifty Bank and 19.57% by broader Nifty50. Individually, Punjab National Bank (PNB), Central Bank of India and Union Bank of India have given returns of 66%, 62% and 51%. Other including Bank of Maharashtra, Indian Bank, Canara Bank, Indian Overseas Bank (IOB), UCO Bank Bank of India, Bank of Baroda (BoB) and State Bank of India (SBI) have given income of 49% and 4.27% during this period with index heavyweight SBI featuring as the biggest laggard. PSU banks remain beneficiaries of a benign macro with valuations offering comfort, JM Financial said while picking SBI and BoB as its top bet.

A series of high-stakes deadlines this week will mark the culmination of a years-long push to launch exchange-traded funds backed by bitcoin in the U.S.

Catch Live Market Updates here On January 8, the domestic equity benchmarks ended significantly lower with losses of nearly 1% amid weak global cues and profit booking. The Sensex plunged 670.93 points, or 0.93%, to close at 71,355.22, while the Nifty 50 settled 197.80 points, or 0.91%, lower at 21,513.00.

Sensex Today | Share Market Live Updates: Indian benchmark indices Sensex and the Nifty opened higher on Tuesday tracking Asian stock markets which recorded gains in line with the rise in Wall Street shares. Sensex jumped 400 points while Nifty was above the 21,650 level.Asian stock markets showed some signs of resilience with most indices recording gains on the heels of a tech-driven surge on Wall Street. Investors across the globe are keenly awaiting the US inflation data, a critical factor that could influence the Federal Reserve's decision on interest rate adjustments.

With the S&P 500 stock index jumping 24% last year, the financial results that broker-dealers and registered investment advisors will report in coming weeks promise to be stellar.

Jyoti CNC Automation IPO: The initial public offering of Jyoti CNC Automation Limited has opened today and it will remain open for subscribers till 11th January 2024. This means the public issue will remain open from Tuesday to Thursday this week. The CNC machines maker company has fixed the Jyoti CNC Automation IPO price band at ₹315 to ₹331 per equity share.

Stock market today: On account of weakness in the global market, the Indian stock market finished lower on Monday. The Nifty 50 index slipped 197 points and closed at 21,513 level, BSE Sensex nosedived 670 points and closed at the 71,355 mark whereas the Bank Nifty index crashed 708 points and finished at 47,450 level. The small-cap index fell 0.36%, outperforming the Nifty 50 index, even as the advance-decline ratio fell sharply to 0.64:1.

By Arathy Somasekhar

By Abhirup Roy and Victoria Waldersee

(Reuters) -Hewlett Packard Enterprise is in talks to buy Juniper Networks (NYSE:JNPR) in a deal valuing the network gear maker at about $13 billion, a person familiar with the matter told Reuters on Monday.

Investing.com-- Oil prices steadied in Asian trade on Tuesday after falling sharply at the beginning of the week, as sharp price cuts on oil sales by Saudi Arabia ramped up concerns over sluggish demand.