Trade Financial News

In their first full year of trading, spot bitcoin exchange-traded funds may have fundamentally altered the way investors view cryptocurrency investments.

Subscribe to enjoy similar stories. By the end of the 18th century, India was no longer the world’s cotton capital, as it had been over the previous 1,000 years. However, one Indian was still given the moniker "Cotton King" for his vast influence over the trade.

Japan has imposed several previous rounds of sanctions, and the latest step comes a month after Prime Minister Shigeru Ishiba reaffirmed the country's policy at an online G7 summit in mid-December. «It is Japan's contribution as part of the international effort toward achieving global peace and resolving the problems surrounding Ukraine because of Russian invasion,» Hayashi said.

Insurers exposed to the California homeowners' market sold off sharply Friday as the devastation caused by the Los Angeles wildfires spread.

Just Dial on Friday reported a net profit of Rs 131.31 crore for the quarter ended December 31, 2024 which was up 43% over Rs 92 crore reported in the year ago period. The Reliance Retail Ventures promoted company reported net revenues at Rs 287.33 crore in Q3FY25, higher by 8.4% over Rs 265 crore reported in the corresponding quarter of the previous financial year. The October-December quarter earnings were announced after market hours and shares of Just Dial today ended at Rs 1034.60 on the BSE, down by Rs 40.35 or 3.75% over the Thursday closing price.

Mudrex, a global crypto investment platform, is celebrating its 7th anniversary on January 10 with the announcement of a fee-free trading day on January 12, 2025, for all coins. This special gesture comes as the platform celebrates a year of extraordinary growth, including a 200% increase in its user base, which now exceeds 3 million, and a 20X surge in monthly trading volume, reaching $200 million. Commenting on the occasion, Alankar Saxena, Co-Founder and CPO of Mudrex said, “This fee waiver is our way of thanking our community for their unwavering support and trust”.

Walgreens booked a better-than-expected fiscal first quarter, but the drugstore chain lost $265 million as it closed U.S. stores and continued work to revive its business

Gold prices scaled a four-week peak on Friday and were set for their best week in seven, driven by safe-haven demand amid uncertainty over what policies U.S. President-elect Donald Trump will pursue, while markets awaited jobs data for clues on the trajectory of U.S. interest rates, as per a report. Spot gold climbed 0.4 per cent to $2,679.65 per ounce, as of 1250 (GMT) after hitting its highest level since December 13 earlier in the session. Prices have risen by more than 1 per cent this week. U.S. gold futures rose 0.6 per cent to $2,707.00, Reuters reported. The most bullish outcome for gold is the narrative of ballooning fiscal deficits and unsustainable debt weighing on the U.S. dollar in the longer term and causing doubts about its role as the world’s reserve currency, said Carsten Menke, analyst at Julius Baer, according to Reuters report.

portfolio investors to make granular disclosures about their investors holding any ownership or economic interest. At present, certain foreign portfolio investors (FPIs) with equity assets under management (AUM) exceeding Rs 25,000 crore are required to provide granular details of all their investors or stakeholders on a look-through basis. The norms are aimed at preventing the possible round-tripping by certain promoters using the FPI route.

Brent crude futures gained $3.50, or 4.6%, to $80.42 a barrel by 1422 GMT, reaching $80 a barrel for the first time since Oct.7. U.S. West Texas Intermediate crude futures advanced $3.57, or 4.8%, to $77.49.

Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece. The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50 per cent equity.

Earlier today (9 January), Saba said it would «encourage the new board to offer all shareholders a 100% cash exit at 99% of net asset value, if they wish», which is almost in line with the price at which Herald shares are currently trading.  Saba added that it would «support further changes so this cash exit would be overseen by a fully independent board and would not expect it to occur for at least a year thereafter, ensuring portfolio value is maximised». Saba to offer exit strategy for Herald investment trust shareholders if vote passes However, Herald hit back at the New York h...

capital on Friday as rupee hit record low amid consistent buying from retailers and stockists, according to the All India Sarafa Association. The precious metal ended the previous session at Rs 80,300 per 10 grams. However, silver traded flat at Rs 93,000 per kg on Friday.

Bombay Burmah Trading Corporation, its promoters including Nusli Wadia, his sons Ness and Jehangir, and others on Friday settled a disclosure lapses case with markets regulator Sebi after paying Rs 2.12 crore towards settlement amount. In all, a total of 18 entities settled the case pertaining to flouting various provisions of securities market norms. The order came after the entities proposed to settle the violations «without admitting or denying the findings» by paying settlement amounts.

Nifty is currently placed at the downside breakout of the support of around 23,500 levels (previous swing lows). A decisive slide below the said support could open the next downside of around 23,260 and lower in the short term. Immediate resistance is at 23,700, said Nagaraj Shetti.

Bannari Amman Sugars Ltd.(up 0.04%) stood among the top gainers.

On the BSE, Classic Filaments(down 13.90 per cent), GTPL Hathway(down 11.99 per cent), Gujarat State(down 10.96 per cent), Tyroon Tea Co(down 10.81 per cent) and Alkosign Ltd.(down 10.37 per cent) stood among the top losers in today's trade.

Benchmark NSE Nifty closed 95.0 points down at 23431.5 amid selling in frontline bluechip counters.

Marico Ltd.(up 1.05%), Nakoda Group Of Industries Ltd.(up 0.72%), Hindustan Unilever Ltd.(up 0.28%), Tata Consumer Products Ltd.(up 0.28%) and Britannia Industries Ltd.(up 0.27%) stood among the top gainers.

energy stocks, as concerns over corporate earnings dampened market sentiment while IT stocks stood out as the only gainers after quarterly update from sector leader TCS suggested early signs of a demand recovery. The benchmark BSE Sensex lost 241.30 points or 0.31% to close at 77,378.91, while the broader Nifty 50 index closed at 23,431.50, lower by 95.00 points or 0.4%.

Shares of Phoenix Mills Ltd.(up 1.36 per cent) ended the day as top gainers in the pack.