Trade Financial News

low ash metallurgical coke for six months from January 1 to June 30, 2025, according to a notification. The government has also imposed quantitative restrictions (QR) on the imports from certain countries, including Australia, China, Colombia, Indonesia, Japan, Poland, Qatar, Russia, Singapore, Switzerland, and the UK.

Bitcoin (BTCUSD) has had a strong 2024, climbing past many price milestones—including $100,000—as a confluence of factors drove up investor confidence in the leading cryptocurrency.

Retirement savers, take note: more employers have added a Roth savings option to their workplace 401(k) plans.

Treasury yields rose Thursday morning as investors awaited new data on jobless claims.

Gold prices increased Rs 250 to Rs 78,850 per 10 grams in the national capital on Thursday amid a firm global trend, according to the All India Sarafa Association. The yellow metal had settled at Rs 78,600 per 10 grams on Tuesday. Silver extended its rally for the third straight session by climbing Rs 300 to Rs 90,800 per kg on Thursday. The metal had ended at Rs 90,500 per kg in the previous close.

shares of Sanathan Textiles, Concord Enviro Systems, Newmalayalam Steel, DAM Capital Advisors, Transrail Lighting and Mamata Machinery will list on the exchanges on Friday. Among these, Mamata Machinery and DAM Capital Advisors are commanding a robust GMP in the grey market, while the others, even though positive, lag a bit.

Shares of Bank of Baroda(up 0.71 per cent), Punjab National Bank(up 0.52 per cent), Federal Bank Ltd.(up 0.49 per cent), Canara Bank(up 0.48 per cent) and Kotak Mahindra Bank Ltd.(up 0.22 per cent) ended the day as top gainers in the pack.

Sikko Industries Ltd.(up 3.00%), Southern Petrochemicals Industries Corporation Ltd.(up 0.35%) and Paradeep Phosphates Ltd.(up 0.28%) stood among the top gainers.

Prospectus (DRHP) with capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise Rs 792 crore through Initial Public Offering (IPO). The company focused on redevelopment projects in the luxury segment in the city’s western suburbs has already raised around Rs 400 crore through a private placement of 26.61 million shares at Rs 150 per share.

Subscribe to enjoy similar stories. Shares of KFin Technologies Ltd hit a new lifetime high of ₹1,620 apiece on Thursday, marking a meteoric rise from its lacklustre debut in December 2022 at ₹364, slightly below its public issue price of ₹366. The stock has more than quadrupled since then, a sharp reversal after languishing below its issue price for nearly six months.

stocks rallied as much as 15% in Mumbai trading on Thursday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Bilcare Ltd(19.99%), Pioneer Invest(19.99%), Gini Silk Mills(19.99%), Indo Us Bio-Tech(19.99%), Gujarat Hotels(19.98%), Oracle Credit(19.95%), Saurashtra Cements(19.69%), Gala Precision Engin(17.97%), Captain Polyplast(16.16%) and Captain Pipes(16.10%).

Shares of Phoenix Mills Ltd.(up 1.97 per cent), Oberoi Realty Ltd.(up 1.41 per cent) and Macrotech Developers Ltd.(up 0.79 per cent) ended the day as top gainers in the pack.

These high-performing stocks that rallied more than 10% during the session included, Intellect Design(14.88%), Taj GVK Hotels(14.39%), Gallops Enterprise(12.65%), Duropack Ltd(12.31%), Deepak Builders & En(11.98%), Suvidhaa Infoserve(11.95%), Inventurus Knowledge(11.51%), Garuda Construction(10.87%), DC Infotech(10.00%) and Sita Enterprises(10.00%).

Shares of Mahindra & Mahindra Ltd.(up 1.61 per cent), Maruti Suzuki India Ltd.(up 1.49 per cent), Apollo Tyres Ltd.(up 1.4 per cent), Bajaj Auto Ltd.(up 1.15 per cent) and MRF Ltd.(up 0.67 per cent) ended the day as top gainers in the pack.

FMCG stocks neutralised the gains made from the uptick in auto stocks. While the S&P BSE Sensex settled at 78,472.48, down by 0.39 points, the broader Nifty closed at 23,750.20, higher by 22.55 points or 0.1%. Banking gauge Nifty Bank settled at 51,170.70, gaining by 62.30 or 0.12%.

Aditi Nayar, Chief Economist, ICRA, says she expects that the rupee will remain in the 85-86 range until the Budget is presented and that will take care of the Trump presidency transition as well. Once the Budget is presented, and there is some clarity on the US tariff policy front – although possibly we are in for a year where there could be a lot more volatility and a lot more changes as compared to what we have seen in the past coming in from the US – ICRA will take a relook. The slide of the rupee has accentuated in the last couple of weeks and I am not sure if it is just a coincidence or is it just the timing with the new RBI governor coming on board? Has anything changed in the RBI policy in terms of management of the rupee and the forex reserves? Aditi Nayar: It is really a global phenomenon right now. EMs are all getting hit. The dollar is quite strong and the way the DXY is moving, it is no surprise that we are going to get some weakness coming in with the rupee. Having said that, the Indian rupee has still been one of the strongest performing EM currencies in the recent period.

Prataap Snacks Ltd.(up 3.99%), Umang Dairies Ltd.(up 2.95%), JHS Svendgaard Laboratories Ltd.(up 2.57%), Sheetal Cool Products Ltd.(up 2.20%), Hatsun Agro Products Ltd.(up 0.98%), Adani Wilmar Ltd.(up 0.71%), Britannia Industries Ltd.(up 0.37%), Nakoda Group Of Industries Ltd.(up 0.30%), Mrs. Bectors Food Specialities Ltd.(up 0.25%) and Procter & Gamble Hygiene & Healthcare Ltd.(up 0.15%) stood among the top gainers.

The NSE Nifty index ended the session 22.55 points up at 23750.2, while BSE Sensex 0.39 points to 78472.48.

Federation of Indian Export Organisations (FIEO) President Ashwani Kumar has also demanded extension of the five per cent Interest Equalisation Scheme (IES).

RedTape has announced a 3:1 bonus share issue for its shareholders, along with a record date of January 3 to determine eligibility for an interim dividend of Rs 2 per share. “Subject to approval of Members of the Company, the Board has proposed to issue Bonus Shares to its equity shareholders in the proportion of 3: 1 i.e. 3 (Three) new fully paid-up equity share of Rs. 2/- (Rupees Two) each for every 1 (One) existing fully paid-up equity share of Rs. 2/- (Rupees Two) each,” the company informed the exchanges via a filing.