Trade Financial News

On the BSE, Enbee Trade Fin(down 19.95 per cent), Suraj Industries(down 16.25 per cent), Samrat Forgings(down 14.47 per cent), Econo Trade(I)(down 13.92 per cent) and Continental Cont(down 13.43 per cent) stood among the top losers in today's trade.

Switzerland has said. The Swiss government has suspended the Most Favoured Nation (MFN) status, which could potentially impact Swiss investments in India and lead to higher taxes on Indian companies operating in the European nation.

Shares of Tech Mahindra Ltd.(up 1.57 per cent), MphasiS Ltd.(up 0.92 per cent), Wipro Ltd.(up 0.89 per cent), Persistent Systems Ltd.(up 0.55 per cent) and Coforge Ltd.(up 0.39 per cent) ended the day as top gainers in the pack.

These high-performing stocks that rallied more than 10% during the session included, 52 Weeks Entertainment(14.36%), Fmec International Financial(13.89%), Indokem Ltd(13.79%), Amber Enterprises(12.68%), Star Cement(11.18%), Ventura Text(11.15%), Maris Spinners(10.62%), Prag Bosimi Syn(10.14%), PVV Infra(10.00%) and Ishaan Infrastru(10.00%).

The NSE Nifty index ended the session 165.96 points up at 23753.45, while BSE Sensex 498.58 points to 78540.17.

The broader market activity has sent the $WEPE presale to new heights. The first day of the presale saw $400,000 coming in, with the token gaining even more traction over the next few days. ET Year-end Special ReadsGold outshines D-St wi

Shares of MRF Ltd.(up 1.79 per cent), Bharat Forge Ltd.(up 1.59 per cent), Balkrishna Industries Ltd.(up 0.96 per cent), Ashok Leyland Ltd.(up 0.77 per cent) and Eicher Motors Ltd.(up 0.34 per cent) ended the day as top gainers in the pack.

Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, expects markets to consolidate in a range for the next few months and that will help bring valuations to the fair value zone. Talking about key trigger ponts to take the market higher, Jaipuria says accelerating government spending could benefit the economy. Favorable monsoon conditions have led to a successful crop yield, increasing farmers' income and spending. Additionally, the recent CRR cut by RBI will inject around Rs 1 lakh crore into the financial system, likely boosting earnings in the upcoming March quarter. In this market, he is focusing on financials and pharma stocks. Markets have been quite volatile for the last three months. We have seen a sharp fall. We have recovered from the lowest that we had seen, but we are still considerably away from the high levels of 2024. Are the valuations reasonable enough for investors to put in their money or is it more consolidation going forward? Jyotivardhan Jaipuria: When we are looking at the fall over the last three months, what we remember is that the market had a sharper rally this year than for the last three-four years.

IPO market in India has boomed in leaps and bounds over the last decade, the journey has not been smooth for every company. At least eight IPOs debuted with billion-dollar market caps in the last 10 years, only to struggle to maintain their momentum and eventually slip below the threshold. A report from Motilal Oswal highlighted this stark trend of companies, which include IndiGo Paints, Ujjivan SFB, Powergrid Infra, Chemplast Sanmar, Juniper Hotels, TVS Supply and TN Mercantile Bank.

markets has surged with female accounts for nearly 1 investor in every 4 new investors in markets, says a report by State Bank of India. The report also noted that as participation in markets is increasing nearly 30 million new demat accounts being added annually since 2021.

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Subscribe to enjoy similar stories. The year 2024 kept governments across the world on tenterhooks, with more than 60 countries, including India, holding elections, injecting uncertainty about how the outcomes would shape future fiscal, monetary, and trade policies. The Indian economy faced several challenges in 2024, from slowing growth to stubborn inflation to risks associated with personal loan growth.

Subscribe to enjoy similar stories. President-elect Donald Trump threatened to take control of the Panama Canal, accusing the Panamanian government of charging excessive shipping tolls to use the strategic waterway linking the Atlantic and Pacific oceans. “We’re being ripped off at the Panama Canal like we’re being ripped off everywhere else," Trump said at a conservative conference in Phoenix on Sunday, demanding the return of the state-run canal to the U.S.

Subscribe to enjoy similar stories. Some are calling it a “Lost Decade." More than 10 years into the Xi Jinping era, it has become clear that much of China’s growth under his watch was driven by unsustainable borrowing, real estate speculation and investments in factories and infrastructure the country didn’t really need. Difficult reforms that could have unlocked more durable growth, such as steps to increase consumer spending, were neglected in favor of policies designed to bolster Communist Party control.

ACC Ltd. traded 1.96 per cent in Monday's session at 12:21PM (IST). The stock opened at Rs 2082.50 and has touched an intraday high and low of Rs 2109.00 and Rs 2051.05, respectively, during the session so far. The stock quoted a 52-week high of Rs 2843.00 and a 52-week low of 1867.15. About 4,509 shares changed hands on the counter so far.

initial public offer (IPO) of Transrail Lighting was fully subscribed on Monday, with an overall subscription of 10.84 times by 11:30 AM on its final day of bidding. The IPO consists of a fresh equity issue worth Rs 400 crore and an offer-for-sale (OFS) of 1.01 crore shares, with the issue set to close on December 23. Subscriptions from retail investors stood at 10.84 times, while non-institutional investors subscribed 23.71 times on the final day of bidding. Meanwhile, qualified institutional buyers subscribed to 1.86 times the allotted portion.

Bank of Baroda traded 1.97 per cent in Monday's trade at 12:16PM (IST). Around 389,269 shares changed hands on the counter. The stock opened at Rs 241.35 and touched an intraday high and low of Rs 246.00 and Rs 239.10, respectively, in the session so far. The stock of Bank of Baroda quoted a 52-week high of Rs 298.45 and a 52-week low of Rs 214.85.

Fertilizers & Micronutrient Mixtures for agricultural needs, proposes to open its Initial Public Offering on December 26, 2024, aiming to raise Rs 44.80 crore with shares to be listed on the NSE Emerge platform. The issue size is 3,20,00,000 equity shares with a price band of Rs 13 — Rs 14 per share and face value of Rs 2 each. The lot size is 10,000 equity shares.

offer for sale (OFS) worth Rs 179 crore, with the issue set to close on December 23. Subscriptions from retail investors stood at 77.42 times, while non-institutional investors had subscribed 121.49 times on the final day. Meanwhile, qualified institutional buyers subscribed to 4.90 times the allotted portion.