Trade Financial News

Lexus Granito(India)Ltd.(up 2.35%), 20 Microns Ltd.(up 1.34%), The Orissa Minerals Development Company Ltd.(up 0.69%), Aro Granite Industries Ltd.(up 0.68%) and Pokarna Ltd.(up 0.54%) were among the top gainers.

Flexible workspaces provider CorporatEdge is looking to invest Rs. 100 crore in Bengaluru over the next three years.

Geoff Dennis, Independent Emerging Markets Commentator, says even if the dollar gains strength again, it won't rise significantly enough to heavily impact the rupee. A strong rebound in the dollar would mainly affect currencies that have already increased a lot, such as the Brazilian real and the Mexican peso. Therefore, I would cautiously and gradually look to rebuild my positions in India, while remaining skeptical as an emerging market investor about the situation in China. Today is one of those rare days where we have not had any commentary coming in from Trump this morning with regards to tariffs. But how should one actually brace themselves, given the fact that every day you have a new addition to the tariff list? Geoff Dennis: Well, there is a lot of uncertainty about tariffs. There is a lot of uncertainty as to what we get with tariffs and when and who will be impacted by it. But at the moment, there is not a lot in the way of a new narrative. If you look at what the markets are doing with bond yields having pulled back in the US from 4.8 to 4.5 for 10 years, the dollar being weaker on the year, particularly since the middle of January, it looks to me that the peak of the Trump trade has passed. We have seen some profit taking, some rotation.

Subscribe to enjoy similar stories. The PAST week has been the bleakest in Europe since the fall of the Iron Curtain. Ukraine is being sold out, Russia is being rehabilitated and, under Donald Trump, America can no longer be counted on to come to Europe’s aid in wartime.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. Bank Nifty Today Live Updates: The NIFTY Metal at (1.14%), NIFTY Realty at (1.08%) & NIFTY Smallcap 250 at (0.99%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Auto at (-0.38%), NIFTY IT at (-0.38%), NIFTY FMCG at (-0.21%) are currently the low performing sectors Bank Nifty Today Live Updates: The Bank Nifty opened at 49127.95 (-0.42%) , -206.60 points lower than the previous closing.

Tata Power will be in focus on Friday after announcing their partnership with Amazon Web Services to embark on a data-driven transformation to accelerate the country’s energy transition. “Tata Power- one of India’s largest integrated power companies with presence across T&D, Generation, Trading, Renewables (including Manufacturing), and Energy as a Service (EaaS) — has embarked on a data-driven transformation with Amazon Web Services (AWS) to accelerate the country’s transition to a greener, smarter, and more consumer-centric energy ecosystem,” Tata Power informed via a regulatory filing.

HDFC Securities has an add call on Motherson Sumi Wiring India Ltd. with a target price of Rs 59.0. The current market price of Motherson Sumi Wiring India Ltd. is Rs 49.7. Motherson Sumi Wiring India, incorporated in 2020, is a Small Cap company with a market cap of Rs 21751.85 crore, operating in Auto Ancillaries sector. Motherson Sumi Wiring India key products/revenue segments include Cables & Wires, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2024.

Jaishankar has said the G20's ability to harmonise viewpoints is key to advancing the global agenda. Jaishankar is in Johannesburg on a two-day visit to South Africa to participate in the G20 Foreign Ministers' Meeting,

NSE SME platform today and the GMP trends are not inspiring. The shares have no premium in the grey market as was the case with many IPOs seen in the recent past.

The muted GMP is in line with the trend seen in IPOs in the recent past, where many companies are struggling to find enough premium in the grey market.

Mayuresh Joshi, Head Equity, Marketsmith India, says we are either very close to reaching a market low, or the market expects that earnings downgrades will mostly end as we enter Q4 or Q1. This has been a positive factor for the market in recent years. In the entire Nifty 500 index, only 15 stocks are currently trading above their 200-day moving average. Historically, during similar situations in 2008, 2014, or even during the COVID crash, the market typically finds its bottom in the following weeks, months, or days, depending on the timeframe. What should one make of this market? The market has been a bit range-bound in the last two to three trading sessions. How should one strategize for the future? What should the strategy be, given that a large part of correction is done for the SMIDs? Mayuresh Joshi: We have just recently published a few data points, which are sounding a little bit more optimistic as we speak. So, we have actually done three-four analyses. One, in terms of the bond yield and the Nifty earnings yield, this has largely contracted and this is coming up around 1.8, 1.9, in terms of the spread between the earnings yield and the bond yield.

Shanmuga Hospital will make its debut on the NSE SME platform on Thursday. Going by the GMP trends, the company's listing premium will likely be in the mid single digits. Compared with an IPO price of Rs 54, the GMP around Rs 3, which is a premium of 5% over the issue price.

Religare Enterprises Limited (REL) will be in focus after the Burman family gained a controlling interest in the company following the successful completion of the open offer. Their current shareholding stands at 83,201,819 equity shares, or 25.16% of the total shares. As a result of the Change of Control, the Burman family now assumes the role of Promoters of REL.

LK Mehta Polymers is carrying a marginal GMP ahead of the listing of its shares on BSE SME platform today. In the grey market, the premium is around 7% over the issue price, which was at Rs 71. The IPO — which received a healthy response from investors — proceeds will be used for meeting working capital requirements and general corporate purposes.

Walmart dampened investor risk appetite. A broad selloff pulled all three major U.S. stock indexes into negative territory, with the blue-chip Dow suffering the steepest loss. The S&P 500 snapped its two-day string of all-time closing highs.

Gold prices were little changed on Friday but remained on track for an eighth successive weekly gain, driven by concerns over U.S. President Donald Trump's tariff plans, which could spark trade wars and stoke inflation.

Stocks that were in focus include names like Just Dial, which rose 6.18% and Adani Enterprises, which declined 0.1% and JBM Auto, whose shares fell 6.2% on Thursday.

yen shot to a 2-1/2 month high on Friday on the back of a jump in Japanese inflation, while the dollar was set for a third weekly drop in a row as traders calculated the start of Donald Trump's second term has been mostly bluster on the tariff front. The yen broke through chart resistance at 150 per dollar overnight and it strengthened as far as 149.285 per dollar in the Asia morning after Japan recorded core inflation running at its fastest pace for 19 months in January.

Airbus, the world's largest commercial airplane maker, said Thursday that it was preparing for the possibility of new U.S. tariffs and would be able to «adapt accordingly,» including passing on higher costs to its American airline customers.

Oil prices extended gains on Friday, headed for a weekly increase, as falling inventories of U.S. gasoline and distillate raised expectations of solid demand while concerns over supply disruptions in Russia lent support. Brent futures climbed 16 cents, or 0.2%, to $76.64 a barrel by 0123 GMT. U.S. West Texas Intermediate crude edged up 17 cents, or 0.2%, to $72.65.

Vedanta's proposed demerger plan of the unified business into separately listed verticals has received approval from its equity shareholders, and secured and unsecured creditors, the company said Thursday. This will allow the mining conglomerate to list its businesses — aluminum, oil & gas, power, steel — as separate units. At present, these businesses are subsumed within Vedanta, while Hindustan Zinc, which includes revenue streams from white metals zinc and silver, is listed separately. After the Merger, Vedanta will hold the Hindustan Zinc business.