Trade Financial News

SRF Ltd. traded 2.91 per cent at Rs 2499.25 at 01:24PM (IST) on Wednesday, even as BSE benchmark Sensex 89.34 points to 75927.7. The scrip had closed at Rs 2574.35 in the previous session. The stock quoted a 52-week high price of Rs 2697.45 and 52-week low of Rs 2088.55, respectively. As per BSE data, total traded volume on the counter till 01:24PM (IST) stood at 1945 shares with a turnover of Rs 0.50 crore.

«The only factor that has been impacting us has been the rising dollar or rising bond yields, which saw some pullback into the Trump inauguration,» says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts. We have seen, of course, India Vix rise sharply just ahead of the budget. The higher levels are getting sold into. Is it a very clear trend that it is going to be a lot more downwards versus in an upside movement for the market right now? Rohit Srivastava: One hope that we end up having every day because we have all become global watchers is that if US markets are going up, then our markets would also see some recovery. Now, that has sort of not been happening, not just recently, but I think since the top that we have made in October, we have sort of diverged from global markets altogether.

markets weighed U.S. President Donald Trump's declaration of a national energy emergency on his first day in office and eyed his tariff policies. Brent crude futures fell 36 cents, or 0.5%, to $78.93 per barrel at 0730 GMT. U.S. West Texas Intermediate crude futures dropped 46 cents, or 0.6%, at $75.37.

Bharat Dynamics Ltd (BDL) have recovered by 32% after they made a low of Rs 917 earlier in November 2024, falling from its peak of Rs 1,794.70 made in July 2024. After resuming a northward journey, the stock broke above its downward trendline and started making higher highs and higher lows, taking support on an upward-moving trendline.

Revenue from operations during the third quarter could rise just 1% year-on-year (YoY), according to an average estimate of four brokerages. Profit after tax (PAT) may decline 29% YoY.

Axis Securities has a buy call on Genus Power Infrastructures with a target price of Rs 408. The current market price of Genus Power Infrastructures is Rs 371.65. Genus Power Infrastructures, incorporated in 1992, is a Small Cap company with a market cap of Rs 11350.55 crore, operating in Electric/Electronics sector. Genus Power Infrastructures' key products/revenue segments include Electronic Energy Meters, Other Services, Other Operating Revenue, Export Incentives, Income From Contracts and Scrap for the year ending 31-Mar-2024.

Jio Financial Services (JFSL) will remain in focus on Wednesday, January 22, following the announcement that the company and its joint venture partner, US-based BlackRock, have infused Rs 117 crore into their mutual fund business. Both JFSL and BlackRock have subscribed to 5.85 crore equity shares, each priced at Rs 10, in Jio BlackRock Asset Management Private Limited, a 50:50 joint venture between the two entities. This investment totals Rs 117 crore, as per a regulatory filing.

Ajay Bagga, Market Expert, says the markets have decided that Trump will implement tariffs, and they are advising to sell now and ask questions later. This is what we are currently observing. There’s nothing particularly concerning about India, aside from our sluggish economy, decreasing earnings, and some policy spending that didn’t happen last year, but we hope will improve next year. The overall economic situation in India hasn’t changed to justify today’s 2% drop, but this is typical when you are connected to the global market. What is it that you are making of this free fall in the market? It is almost smacking of capital protection and I am sure viewers are wondering whether or not to book out their gains. Ajay Bagga: I would say that if you believe in the India story on a two-year, four-year, six-year basis, then we are still looking very good. Right now, there is a huge change in global politics, global messaging and Trump, by design, practices indisciplined messaging. The morning started well. The dollar was down one percent. The dollar index was down one percent at the start of the US day and then in the Oval Room, while signing some agreements, a journalist asked him about tariffs and then he held forth that maybe we will put 25% on Canada and Mexico, maybe we will do it on 1st February and that is where the markets took a swing back.

“The investment philosophy of the fund is centered on acquiring growth-oriented companies at median or below-median valuations,” says Abhishek Jaiswal, Fund Manager at Finavenue. In an interview with ETMarkets, Jaiswal said: “We prioritize long-term investments, focusing on industry cycles that are expected to be favorable over a 3-5 year horizon. The fund has a proven ability to identify proxy investment opportunities and market-dominant players,” Edited excerpts: Thanks for taking the time out. Your fund Finavenue Growth Fund has more than doubled in 1 year. What worked for you?

Hong Kong stocks weakened on Wednesday after U.S. President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets. The blue-chip CSEI 300 Index declined 1.1% in early trade, the biggest retreat in nearly two weeks, and the Shanghai Composite Index lost 0.9%.

The South Korean government has announced it will reduce indirect subsidies for biomass energy

Subscribe to enjoy similar stories. MORE THAN 90 years ago Franklin Delano Roosevelt surveyed the wreckage of the Great Depression. He pointed to one of its causes: sky-high tariffs had put America on the “road to ruin" by inviting retaliation and suffocating investment.

Subscribe to enjoy similar stories. Elite law firms in Washington are giddy about Donald Trump’s re-election. Since November many of them have been presenting an optimistic case about how they can help businesses navigate the complex regulatory and policy environment to come.

Donald Trump on Tuesday said he likes both sides of the argument on H-1B foreign guest workers' visa, noting that he likes «very competent people» coming into the country and that he has used the programme. «I like both sides of the argument, but I also like very competent people coming into our country, even if that involves them training and helping other people that may not have the qualifications they do. But I don't want to stop — and I'm not just talking about engineers, I'm talking about people at all levels,» Trump told reporters at the White House during a joint news conference with Oracle CTO Larry Ellison, Softbank CEO Masayoshi Son, and Open AI CEO Sam Altman.

Stocks climbed as President Donald Trump struck a better-than-feared tone on global trade and speculation grew that his policies will further boost Corporate America. Bonds continued to unwind the recent surge in yields that roiled markets. The dollar wavered. Over 400 shares in the S&P 500 rose, with the gauge up almost 1% as Trump is expected to announce a new investment push for artificial intelligence led by Softbank Group Corp., OpenAI LLC, and Oracle Corp. A closely watched exchange-traded fund tracking companies with AI exposure hit a three-year high. Small caps climbed on bets they will benefit from a protectionist stance. Trump’s flurry of executive orders helped boost space shares, while weighing on electric-vehicle makers. An ETF focused on big Chinese firms gained as the US president so far refrained from announcing tariffs on the Asian nation.

Financial planners recommend multi-cap funds with a fixed allocation to large, mid-, and smallcap stocks for long-term investors looking to create wealth and meet long-term goals. This category currently has 29 schemes managing assets of Rs 1.82 lakh crore.

HDFC Bank, HUL, Tata Technologies, JSW Steel, PNB Housing among others will be in focus due to various news developments and third quarter results. HDFC Bank, HUL, Tata Communication Shares of HDFC Bank, HUL and Tata Communication will be in focus as the companies will announce their quarterly results later today.

Here's breaking down the pre-market actions:

Cocoblu Retail, the largest seller on Amazon, has set up a new entity for the quick commerce business, per a recent filing with the Registrar of Companies (RoC). Cocoblu’s parent, Rattan India, has renamed one of its existing entities to Cocoblu Quick Commerce and amended its objectives to shift the company's focus from wholesale trade to retail business, clearly indicating its focus area—quick deliveries.

Subscribe to enjoy similar stories. The Reserve Bank of India (RBI) has allowed non-residents to open rupee accounts in the overseas branches of India-registered authorized dealer banks to conduct cross-border transactions. Mint explains the significance of this move: In a circular last week, RBI allowed overseas branches of authorized dealer (AD) banks to open rupee accounts for non-resident Indians for settling current and capital account transactions with Indian residents. AD banks are authorized by RBI to deal in foreign exchange or foreign securities.