Trade Financial News

total of 16 holidays including, Saturdays and Sundays off. Moreover, the holidays will be as per the local customs of different regions in India and will vary in different states.

Stock split 2024: Nestle India's share price witnessed selling pressure in early morning deals on Friday as the stock is trading ex-split today. Nestle India's share price today opened downside and went on to hit an intraday low of ₹2,657 apiece on BSE, logging a nearly 2 per cent dip against its Thursday close of ₹2,711.

Oil and natural gas prices have started rising as traders bet on the continuation of Houthi attacks disrupting shipping in the Red Sea. The Yemen-based rebel formation, backed by Iran, has been attacking shipping along this critical region with suicide drones, missiles and rockets since the Gaza War. This is part of a strategy to impose a naval blockade of Israel, since the Houthis are allies of Hamas due to their strong connections with Iran.

₹24,69,500 crore as of December 31, 2023, registering a growth of around 62.4% over ₹15,20,500 crore as of December 31, 2022. On a sequential basis, the bank’s gross advances grew by 4.9% from ₹23,54,600 crore as of September 30, 2023. Grossing up for transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 60.7% over December 31, 2022 and around 3.8% over September 30, 2023, HDFC Bank said in a regulatory filing.

Investing.com-- Most Asian stocks moved little on Friday as they steadied after a weak start to the new year, although anticipation of key U.S. payrolls data and persistent concerns over China kept investors on edge.

crypto stablecoins, which advertise tranquility in an ocean of tumult, have hardly lived up to their billing. Not one out of the 68 tokens studied by researchers at the Bank for International Settlements has managed to stay on its peg at all times. Tether and USD Coin, the two largest players, reference their values 1:1 to the dollar, which enables them to act as a bridge of sorts between virtual and real-world representations of money. However, they have very little use outside the domain of crypto trading. For the broader population that doesn’t dabble in Bitcoin or Ether, keeping money in a bank that has deposit insurance has always been a safer option. And yet, despite their well-known infirmities, more stablecoins keep coming. Regulators, too, seem to be more receptive to having them around, despite spectacular blowups like when TerraUSD breached its $1 price target in May 2022 and wiped out about $500 billion from cryptocurrency markets. Circle’s USD Coin briefly lost its peg during the US regional banking crisis of 2023. Still, Hong Kong put out a proposal last week to license stablecoins. Singapore has already announced similar intentions. It’s very likely that before the end of 2024, the two financial centers will have come up with rules that US lawmakers have failed to adopt after three years of efforts.

stocks are under the F&O ban list on Friday, January 5 viz. Balrampur Chini, Chambal Fertilizers, Delta Corp, Escorts Kubota, Gujarat Narmada Valley Fertilizers (GNFC), Hindustan Copper, Indian Energy Exchange (IEX), The India Cements, National Aluminium Company, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL.

Rajat Rajgarhia, Director, Motilal Oswal Financial Services, says why should public sector banks be constrained by a historical valuation band? Why cannot they trade at 1.5x, 2x if they can deliver 16%, 17% ROE for the next 3-4 years which means that we are still talking about these stocks that can potentially double from here after doubling last year. I do not think they are anywhere close to a bubble now. I do not think if they rally another 50% this calendar year, they would still be in the bubble, just that the stories are getting better as the growth orbit becomes better.” But will it be more of the same this year as well? The same PSUs, defence, railways, renewables, power, EMS, manufacturing at large or do you think the profit pool is going to be created somewhere outside? Rajat Rajgarhia: You just pre-empted that answer of profit pool. In this country, it is very important to identify profit pools, whether you want to be a shark in a pond or a fish in the ocean and we are going to see profit pool of many sectors moving from a pond to a semi-ocean and that is where identifying some of them early, even if they have looked for a sector, for a company to be 10x in the market cap, you will always be wondered by the first 2x or 3x. But do not miss that next 3x because that happens from a size, that happens from an allocation, ?hat is why it is very important to understand how much time you spend in the market rather than thinking how do you try to time the market.

Cathie Wood has started buying Tesla Inc. shares after selling them for most of last year. Her purchases come at a time when Wall Street’s outlook on the electric-vehicle maker is darkening rapidly.

China, has commended India's economic strategies and diplomatic accomplishments during the last four years under Prime Minister Modi's leadership. This positive assessment was articulated in an article titled “Bharat Narrative," highlighting New Delhi's strategic thinking in “foreign policy has evolved, moving towards a great power strategy." Also Read: Jaishankar dismisses 'West as bad guy' narrative, sheds light on Global South's rising role in diplomacy An article by Zhang Jiadong, who serves as the Director of the Centre for South Asian Studies at Fudan University in Shanghai, emphasized India's notable advancements during the preceding four years.

GDP estimates on Friday. The domestic equity benchmark indices resumed their upward march on Thursday, snapping their two-day losing run, amid across-the-board buying despite mixed global cues. The Sensex rallied 490.97 points, or 0.69%, to end at 71,847.57, while the Nifty 50 closed 141.25 points, or 0.66%, higher at 21,658.60.

Sensex rallied 490.97 points to end at 71,847.57, while the Nifty 50 closed 141.25 points, or 0.66%, higher at 21,658.60. Nifty 50 formed a small positive candle on the daily chart, which is placed within a high low range of Wednesday’s bear candle. Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty to US private payrolls data “Technically, this could be considered as a bullish inside day type candle pattern.

By Ankur Banerjee

Investing.com-- Oil prices rose in Asian trade on Friday as focus remained on supply disruptions in the Middle East, although gains were somewhat limited in anticipation of key U.S. payrolls data.

Investing.com — US stock futures saw a modest increase on Thursday evening in the lead-up to a significant jobs report, as Wall Street attempts to recover from a lackluster start to January.

Religare Enterprises Ltd independent director Hamid Ahmed from attending the company’s board meetings related to its open offer unless he withdraws or justifies his recent comments on the matter. Ahmed violated sections of the regulator’s takeover code by speaking publicly against the open offer, the Burmans wrote to the Securities and Exchange Board of India (Sebi). Mint has seen a copy of the letter.

Does anybody remember hedge funds?

(Reuters) — A look at the day ahead in Asian markets by Alden Bentley, Americas Breaking News Editor for Finance & Markets

By Max A. Cherney and Abhirup Roy

Top Telegram licensed casino TG.Casino’s $TGC coin debuted on Uniswap today and has risen 50% in its first 20 minutes of trading, trending at No.1 on popular trading site Dextools.

The Bitcoin market, as of January 4th, illustrates a dynamic and cautiously optimistic scenario. Trading at approximately $44,000, Bitcoin has witnessed a 3.33% increase over the last 24 hours, signaling a resilient rebound in the ever-volatile cryptocurrency arena.