Trade Financial News

Marico Marico saw low single-digit growth in domestic volumes on a year-on-year basis during the third quarter ended March. The company has also reported slight sequential improvement in its core portfolio. BajajAuto Bajaj Auto said that its board will have a meeting on January 8 to consider and approve buyback of shares. Chambal Fertilisers A board meeting of Chambal Fertilisers is scheduled on January 8 to consider buyback of shares. Read more: Here's the trade setup for today's session Titan Consumer discretionary major Titan Co saw 22% revenue growth for the third quarter ended December.

markets will take cues from the third quarter earnings season, which will be kick-started by TCS and Infosys on January 11. HCL Tech, Wipro, and HDFC Life and a few others will also announce their results this week. «Overall we expect markets to remain in a positive range. Stock-specific action will gather pace with the start of the earning season,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS

By Luis Jaime Acosta

U.S. stocks closed slightly higher on Friday to wrap up the first trading week of 2024, however the major averages suffered their first weekly decline in ten weeks amid growing uncertainty over when the Federal Reserve may begin to cut interest rates.

Sheikh Hasina is set to return to power for a fourth straight term in office as early results point to sweeping victory for her party, Awami League, in the parliamentary elections. The polls were boycotted by the main Opposition Bangladesh Nationalist Party. India's close partner in the eastern neighbourhood went to polls on Sunday. Chief Election Commissioner Kazi Habibul Awal said the 12th Jatiya Sangsad elections were held almost peacefully, with around 40% voter turnout.

India and Nepal have decided to strengthen the power transmission systems between the two countries and help each other to progress in the energy sector, according to a statement issued by the Indian Embassy in Nepal. The statement came two days after the Nepal-India Joint Steering Committee (JSC) on Power Sector Cooperation meeting concluded in Chitwan district of central Nepal on Friday and was followed by the signing of the agreement on Long Term Power Trade between the two nations.

The CAKE token, which is issued by PancakeSwap, has lately seen a remarkable increase of 54% in only seven days, which is a noteworthy event in the blockchain and decentralized finance (DeFi) industry. PancakeSwap's expanding prominence in the decentralized finance industry is shown by the fact that the token's market value has reached approximately $900 million, with a fully diluted valuation of $1.3 billion.

Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Chinese brands release 4Q delivery results; GM to cover lost tax credits; and Fisker’s deal with dealerships.

Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

In the ever-evolving cryptocurrency market, Bonk (BONK) has recently caught the eye of investors and traders alike. Despite its significant prominence, Bonk has experienced a dramatic 68% drop from its recent peak, currently trading at $0.000011.

N Biren Singh on Saturday evening air dashed to Guwahati and discussed security and developmental aspects of the northeast with his Assam counterpart Himanta Biswa Sarma. Taking to Facebook, Biren said “It was a pleasure meeting with the Hon’ble Chief Minister of Assam, Shri Himanta Biswa Sarma Ji, at his official residence in Guwahati today.” “Discussed various matters concerning the security and development of the North East region.

SAN ANTONIO—The good news: the U.S. is headed for growth this year, not recession. The bad news: there is as yet little prospect growth will be any better than before the pandemic.

NEW DELHI : Talks between India and Israel on a free trade agreement have hit the skids due to hurdles posed by the ongoing conflict in West Asia, according to two people aware of the matter. The conflict, which began after the militant group Hamas launched a terror attack on Israel on 7 October, has consumed much of the focus of India-Israel ties, one of them said. "It (the conflict) has become a major obstacle to the regular pace of talks (on free trade agreement) between the negotiating teams," this person added.

Mint explains short selling, its pros and cons, and the rules governing it in India. The most common way investors look to make money is simple – buy a stock whose price you expect to increase over time and sell it later, hopefully for a profit. This is called “going long" on a stock.

Narendra Modi will visit Gujarat from January 8-10 during which he will hold bilateral meetings with world leaders, CEOs of top global corporations, and inaugurate the Vibrant Gujarat Global Summit. Vibrant Gujarat Global Summit, conceptualised in 2003 under the visionary leadership of the then chief minister Modi, has today evolved as one of the most reputed global forums for business collaboration, knowledge sharing and strategic partnerships for inclusive growth and sustainable development, a statement issued by the Prime Minister's Office (PMO) said. On January 9, at around 9.30 am, Prime Minister Modi will arrive at Mahatma Mandir in Gandhinagar, where he will hold bilateral meetings with world leaders, followed by a meeting with CEOs of top global corporations. At around 3 pm, he will inaugurate Vibrant Gujarat Global Trade Show, the PMO said. On January 10, at around 9.45 am, Prime Minister Modi will inaugurate Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar. Thereafter, he will hold a meeting with CEOs of top global corporations. The Prime Minister will then travel to GIFT City where, at around 5.15 pm, he will interact with prominent business leaders in the Global FinTech Leadership Forum. The Tenth edition of Vibrant Gujarat Global Summit is being held from January 10 to 12, 2024 in Gandhinagar, Gujarat. Its theme is 'Gateway to the Future'.

As the deadline for the Securities and Exchange Commission (SEC) to make a decision on the applications for Bitcoin exchange-traded funds (ETFs) draws near on January 10, 2024, the cryptocurrency and financial worlds are seeing a moment that has the potential to be historic. There has been a great deal of conjecture and debate among investors, legal experts, and industry watchers as a result of this decision, which is very important for the future of cryptocurrency trading in mainstream markets.

Dabur, Marico and Godrej Consumer Products in their quarterly updates. Companies are optimistic of a gradual uptick as early signs of revival in consumption are visible with improving trends in volumes. Besides, the makers also expect expansion in the gross margins on a year-on-year basis helped by moderating inflation as prices of key inputs such as copra and edible oil prices remained at lower levels and crude derivatives also exhibited some downward bias.

₹3,300 crore in the company by subscribing to preferential shares. Also Read: Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday In a regulatory filing on January 2, Alok Industries said it has allotted preference shares to RIL upon receipt of subscription money of ₹3,300 crore. The company’s board in November approved the issue of preference shares to Reliance Industries at a dividend rate of 9% on a private placement basis.

However, on a weekly basis, Nifty50 closed flat with a negative bias for the week ending January 5, 2024. Sectorally, buying was seen in IT, capital goods, telecom, and realty, while selling was seen in healthcare, consumer durables, metal, and utilities. Stocks that were in focus include names like Alok Industries which was up nearly 20%, Sun Pharma, which rose more than 9% to hit a fresh high, and Endurance Technologies, which closed with gains of nearly 10% to hit a fresh all-time high on Friday. We have collated a list of three stocks that either hit a fresh 52-week highs, or an all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Virat Jagad, Technical Analyst at Bonanza Portfolio Alok Industries A breakout of the rounding bottom has been witnessed in Alok Industries on a weekly time frame, indicating a bullish trend in the security. The price is trading at the top, forming a Bullish Marubozu candlestick formation as a sign of strength in the stock. The security has been supported by the 21-day EMA, and the price is trading above the Fast 50 and Slow 200 EMAs, indicating a positive trend. The volume increase on the day of the breakout indicates that buyers are active in the market. In the momentum area, RSI is trading in a wider range, indicating that it's an upward trend.

Weekend Wrap: From Vodafone Idea to Yes Bank, top news and market movers this week The broader market continued to demonstrate strong performance for the second consecutive week, with the Nifty Midcap 100 recording a gain of 2.5 percent and the Nifty Smallcap 100 showing a 1.9 percent increase. Nevertheless, analysts caution investors to exercise prudence in light of the upcoming results season and ongoing uncertainties in the Red Sea region.

Tennessee Attorney General Jonathan Skrmetti details his lawsuit against Blackrock on ‘Varney & Co.’