Trade Financial News

«We expect markets to remain volatile until concerns relating to the new virus ease out. We could see stock/sector specific action on the back of pre-quarterly business updates and the start of the Q3 result season,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

high-risk-high-return bets in the recent bull run drove investor frenzy in nanocap stocks-those with a market capitalisation of less than ₹2,100 crore as of Wednesday. As per a study by Aditya Birla Sun Life Mutual Fund, the value of individual investors' direct holdings in nanocap stocks has moved up eightfold from ₹40,000 crore in June 2021 to ₹3.3 lakh crore in September 2024. Nanocap companies-among the lowest in heap-are ranked 1,041 and below in terms of market capitalization. They come after the micro-cap companies with a market value ranking between 521 and 1,040. Small-cap companies are ranked between 261 and 520 by market capitalisation, while large- and mid-cap are ranked form the top 260 companies. Currently, TCC Concept with a market capitalisation of ₹2,137 crore is the 1,041st biggest company on the NSE.

Stocks dropped in Tokyo and Sydney, with futures for Hong Kong also declining. US contracts slipped, after a range-bound session for the S&P 500 Wednesday. The tech-heavy Nasdaq 100 ended little changed. Nvidia Corp. dipped in post-market trading after a report said the Biden administration plans one additional round of restrictions on the export of artificial intelligence chips.

TCS, Tata Elxsi, Lupin, Hindalco, Tata Motors among others will be in focus due to various news developments and third quarter results. TCS, Tata Elxsi, IREDA Shares of TCS, Tata Elxsi and IREDA will be in focus as the companies will announce their third quarter results later today.

CLSA said it has turned 'constructive' on the cement sector, citing incrementally better earnings visibility in CY25. While upgrading ratings on Dalmia Bharat and ACC, the brokerage said it prefers Ambuja Cement and UltraTech. «Underperformance of the stocks has been driven by earnings cuts and hence the sector is trading at a slight premium to the historical median,» said CLSA in a client note.

demat account additions in December grew at the slowest pace in 10 months as the recent declines in the stock market and regulatory restrictions on equity derivatives discouraged investors and traders from opening new accounts. The total number of demat accounts rose by 1.65% to 185 million in December from 182 million in November — the slowest growth in percentage terms since February 2024.

Indian artisanal gin, single malt and coffee liqueur brands are planning to ramp up exports this year by debuting in new markets and categories.

Subscribe to enjoy similar stories. Foreign investors in Gujarat's Gift City have yet to warm up to sovereign green bonds five months after the regulatory green light, deterred by their rupee denomination, cooling enthusiasm for green energy, and rising yields in the west. While all Indian government securities are issued in rupees, foreign investors were hopeful that the bonds sold in Gift City would be in dollars.

Capital Group said it is the unnamed fund in the Securities and Exchange Board of India's (Sebi) recent interim order that barred stock market operator Ketan Parekh and his associates from the local securities markets for front-running the investment fund's trades in the country. The capital market regulator, in its January 2 order, barred both Parekh and Singapore-based Rohit Salgaocar, who was a consultant to Capital Group.

Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump's policies could have, indicating that they would be moving more slowly on interest rate cuts because of the uncertainty, minutes released Wednesday showed. Without calling out Trump by name, the meeting summary featured at least four mentions about the impact that changes in immigration and trade policy could have on the U.S. economy. Since Trump's November election victory, he has signaled plans for aggressive, punitive tariffs on China, Mexico and Canada as well as the other U.S. trading partners. In addition, he intends to pursue more deregulation and mass deportations. However, the extent of what Trump's actions will be and specifically how they will be directed creates a band of ambiguity about what is ahead, which Federal Open Market Committee members said would require caution. «Almost all participants judged that upside risks to the inflation outlook had increased,» the minutes said. «As reasons for this judgment, participants cited recent stronger-than-expected readings on inflation and the likely effects of potential changes in trade and immigration policy.» FOMC members voted to lower the central bank's benchmark borrowing rate to a target range of 4.25%-4.5%. However, they also reduced their outlook for expected cuts in 2025 to two from four in the previous estimate at September's meeting, assuming quarter-point increments. The Fed cut a full point off the funds rate since September, and current market pricing is indicating just one or two more moves lower this year.

regulations from two lenses: one, errors: whether the law will harm innocents or let the guilty get away; two, cost-benefit analyses: every law has a cost on the market. For good process, regulators look at views of expert committees and expose draft regulations to public comments.

Donald Trump, who has vowed tariffs of 10 per cent on global imports, and 60 per cent on Chinese goods, is considering declaring a national economic emergency to provide legal justification for a series of universal tariffs on allies and adversaries, CNN reported on Wednesday, citing unnamed sources familiar with the matter. The inauguration event is scheduled on January 20.

TORONTO — Incoming U.S. president Donald Trump‘s threats to use “economic force” against Canada and its industries are sparking worry and disbelief.

It no longer sounds like a joke.

U.S. bitcoin miners are accumulating war chests of the cryptocurrency to help them withstand tightening margins as competition for resources intensifies.

At a Business and Trade Select Committee hearing, Yinan Zhu, general counsel for EMEA at Shein, was criticised for avoiding questions regarding concerns over forced labour practices in its supply chain and failing to address the origins of its cotton sourcing. Shein mulls sale of less than 10% of stocks under London IPO- reports Committee chair Liam Byrne said that although the evidence session had been «helpful», MPs were left «pretty horrified» by the lack of evidence provided by the Shein representatives to quell any concerns over forced labour practices. Byrne added that, for a...

markets are set to witness significant primary market activity, as Dr. Agarwal’s Health Care, a leading eye care services provider, and Casagrand Premier Builder, the largest residential developer in Chennai, have both received final approval from the Securities and Exchange Board of India (Sebi) to raise a combined Rs 1,400 crore through their initial public offerings (IPOs). Dr. Agarwal’s Health Care has received approval from Sebi for its IPO, which consists of a fresh issue of up to Rs 300 crore and an offer for sale (OFS) of over 6.96 crore equity shares by promoters and other selling shareholders. The funds raised will be utilized for repayment of borrowings and general corporate purposes. Filed with Sebi on September 27,the IPO will carry a face value of Re 1 per equity share, and a portion of the issue is reserved for eligible employees.

capital market regulator Securities and Exchange Board of India (Sebi) came across more than 1,100 client accounts of a single stock broker where relationship data associated with them was detected as «dependent children». Very strangely, they were aged between 34 to 100 years. The concerned stock broker is 'Stockholding Services Limited' who has been penalised with an amount of Rs 9 lakh after the market watchdog found the company in violation of Sebi norms.

Power and Instrumentation(Gujarat)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), NTPC Green Energy Ltd.(up 1.23%), Power Grid Corporation of India Ltd.(up 0.53%) and Transformers & Rectifiers(India)Ltd.(up 0.17%) stood among the top gainers.

Shares of Balkrishna Industries Ltd.(up 1.3 per cent), Maruti Suzuki India Ltd.(up 0.86 per cent), Tata Motors Ltd.(up 0.22 per cent) and Bosch Ltd.(up 0.17 per cent) ended the day as top gainers in the pack.