Trade Financial News

Bajaj Finance jumped 4.6% to ₹7,723.95 apiece in early trade on Thursday following the company's December quarter update, which was released on Wednesday. The update highlighted a significant 26% YoY increase in loans booked during Q3 of FY24, bringing the total loans booked by the lender to 9.86 million, up from 7.84 million in Q3 FY23. Also Read: Bajaj Auto board to consider share buyback on Monday; stock hits record high The assets under management (AUM) experienced a remarkable 35% year-over-year growth, surpassing the ₹3 lakh crore milestone and reaching approximately ₹3,11,000 crore in Q3 FY24.

Times of India, Muizzu said that if India did not withdraw its forces it would amount to disregarding the "democratic will" of the Maldivian people and jeopardizing the future of the democracy. "Maldivian people have a very no to the idea of foreign military personnel being stationed in the Maldives. Right now, it is India that maintains such a presence in the Maldives.

₹1,254.15 in morning trade on BSE on Thursday, January 4. This came right after the stock's significant surge of nearly 11 per cent in the previous session. Sobha share price opened at ₹1,125.95 against the previous close of ₹1,116.65 and jumped over 12 per cent to hit its record high level.

By Jihoon Lee

Investing.com-- Most Asian stocks fell on Thursday, extending declines after a weak start to the year as persistent doubts over the timing and scale of the Federal Reserve’s interest rate cuts saw investors lock-in more profits.

TOKYO (Reuters) -Japan Airlines (JAL) estimated on Thursday that the collision of its flight JL516 with a Japan Coast Guard aircraft on Tuesday would result in an operating loss of about 15 billion yen ($104.81 million).

Investing.com — US stock futures were trading slightly higher on Wednesday evening, even as the Nasdaq Composite recorded a fourth consecutive trading day of losses.

Investing.com-- Oil prices rose slightly in Asian trade on Thursday, extending strong gains from the prior session as the shutdown of Libya’s biggest oilfield fueled more concerns over tight supplies.

investors need not rush to purchase equities at record levels. If history is to go by, the market may give them buying opportunities this year, too. According to a study by ICICI Direct on index declines in the past 12 years, the Nifty fell between 10% and 16% every year on nine occasions.

Vedanta Vedanta's alumina production at Lanjigarh refinery was up 6% year-on-year to 470kt in the quarter ended December. The cast metal aluminium production at smelters also rose 6% YoY. Bajaj Auto Bajaj Auto said that its board will have a meeting on January 8 to consider and approve buyback of shares. LTIMindtree The company has received an order from GST Mumbai office for demand worth Rs 208 crore. NHPC NHPC has signed a MoU with GPCL for proposed investment of Rs 4,000 crore in Kuppa Pumped Storage Project (750 MW). BGR Energy Central Bank of India and SBI have classified the company's accounts as non-performing assets. Read more: Here's the trade setup for today's session Tech Mahindra Richard Lobo has been appointed as Chief People Officer of the company with effect from January 3. Ujjivan SFB Ujjivan SFB's total deposits rose 29% to Rs 29,869 crore for the quarter ended December, while disbursements were up 17% to Rs 5,675 crore. IEX For the third quarter of the fiscal year 2024, IEX achieved 28,326 MU overall volume, registering an increase of 17% YoY basis. IndusInd Bank IndusInd Bank's net advances rose 20% YoY to Rs 3.26 lakh crore for the December quarter.

«Overall we expect the market to consolidate and take a pause before the quarterly results starts, leading to more stock-specific action,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS

₹150 crore in Ebitda (earnings before interest, tax, depreciation, and amortization) when they list—which is typically the expectation that capital market investors have for listed companies. “We are seeing strong institutional investor interest in scaled healthcare delivery and pharmaceuticals assets in the capital markets. Many of these listed entities are trading at huge premiums, which is a reflection of demand and supply in this space," Buggana said.

Until the rise of online retail, you might have been forgiven for thinking that all apparel was shipped in burlap sacks. Today, garment spending can be made sustainable by using re-usable wooden hangers, paper shopping bags and recycled fibres. The only glimpse of plastic in many fashion stores is the electronic equipment at the checkout.

The ongoing war in Ukraine and the fighting in Gaza following Hamas’s 7 October terrorist attack must not distract the world from our collective priorities: reducing our carbon dioxide emissions, aiming for carbon neutrality by 2050, preserving biodiversity, and fighting poverty and inequality. This is the doctrine France is implementing at an international level, through the Paris Pact for People and the Planet and the One Planet summits. The cornerstone of our strategy must be to speed up the ecological transition as well as the fight against poverty.

Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., have slipped for last four consecutive trading days, the longest losing streak in a month, according to the Bloomberg Magnificent 7 Price Return Index. Shares of Apple, down nearly 5% in the time period, lead the slump that’s erased roughly $370 billion in market value.

Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little in the way of when that might occur, according to minutes from the meeting released Wednesday. At the meeting, the rate-setting Federal Open Market Committee agreed to hold its benchmark rate steady in a range between 5.25% and 5.5%. Members indicated that they expect three quarter-percentage point cuts by the end of 2024. However, the meeting summary noted a high level of uncertainty over how, or if, that will happen. «In discussing the policy outlook, participants viewed the policy rate as likely at or near its peak for this tightening cycle, though they noted that the actual policy path will depend on how the economy evolves,» the minutes stated. Officials noted the progress that has been made in the battle to bring down inflation.

In 2023, Apple (NASDAQ:AAPL) stock had a strong performance, finishing the year at $192.53, marking a significant 48% gain from 2022.

Amber Group company, has acquired 60% stake in Ascent Circuits Pvt. Ltd.

screws, the government on Wednesday prohibited the imports of certain kinds of screws- priced lower than Rs 129 per kg. “The import policy of screws...is revised from free to prohibited.

The NSE Nifty 50 index fell 0.69% to 21,517, while the S&P BSE Sensex shed 0.75% to 71,356. Here's how analysts read the market pulse: «Nifty formed a bearish candle with a substantial body in the daily chart. The Donchian Channels, which identify bullish and bearish extremes, indicate that Nifty is holding its middle band. Key support levels are identified at 21,400, while resistance is placed at 21,700 levels,» said Om Mehra, Technical Analyst, SAMCO Securities. Rupak De, Senior Technical Analyst at LKP Securities, said, «Nifty dipped below the support level of 21,650, resulting in a decline towards 21,500. The prevailing sentiment appears weak, highlighted by the index closing below the crucial support at 21,650. If it continues to drop below 21,500 in the upcoming days, it could potentially exacerbate the negative sentiment, especially with expectations of substantial unwinding by the put writers below 21,500. The broader market outlook suggests a sell-on-rise strategy as long as it stays below 21,650.» That said, here’s a look at what some key indicators are suggesting for Thursday's action:

Tesla shares had a stellar 2023, in large part because they had such a dismal end to 2022. By the same logic, this year could be tough for the world’s most traded stock. The company delivered roughly 485,000 electric vehicles last quarter—a bit better than expected, but worse than its Chinese rival BYD, which sold about 526,000.