Trade Financial News

Shares of Wipro Ltd.(up 1.22 per cent), Coforge Ltd.(up 0.73 per cent), HCL Technologies Ltd.(up 0.5 per cent), Tech Mahindra Ltd.(up 0.47 per cent) and Tata Consultancy Services Ltd.(up 0.45 per cent) ended the day as top gainers in the pack.

IPO is likely to be finalised later on Wednesday or Thursday morning. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

On the BSE, Universal Autofoundry(down 18.31 per cent), Ganesh Films India(down 17.13 per cent), Shish Industries(down 15.95 per cent), Vrundavan Plantation(down 12.73 per cent) and Tanvi Foods(India)(down 12.67 per cent) stood among the top losers in today's trade.

Awfis Space Solutions’ unique business model, domestic brokerage firm ICICI Securities has reiterated its ‘buy’ call on the stock with a revised target price of Rs 1,049 (up from Rs 979), indicating an upside potential of 44%. “Awfis has a unique business model. While the company does not act as a land aggregator or landlord of office spaces, it focuses on providing services to its clients on demand side and also partners with space owners/landlords on supply side. With Awfis being the first co-working/flexible workspace company in India, there is also limited scope for comparison with industry peers. Hence, we believe Awfis is more comparable to listed hotel peers,” said ICICI in its note.

Nifty closed 137 points lower on Wednesday ahead of its Thursday weekly expiry and as caution prevailed ahead of the U.S. Federal Reserve interest rate decision due at midnight. Selling in heavyweight lenders HDFC Bank and ICICI Bank weighed on the benchmarks. The benchmark BSE Sensex lost 502.25 points or 0.62% to settle at 80,182.20, while the broader Nifty 50 index closed at 24,198.85, lower by 137.15 points or 0.56%.

Quick commerce major Zepto’s 21-year-old co-founder Kaivalya Vohra is now India's youngest self-made entrepreneur, according to Hurun India. Vohra is closely followed by his founding partner Aadit Palicha, who is 22 years old. Zepto, established in 2021, has witnessed an astonishing 259% growth in valuation over the past year, reaching Rs 41,800 crore, Hurun said. The Mumbai-based company, co-founded by Stanford University computer science dropouts Vohra and Palicha, has quickly risen to prominence as India’s quick-commerce leader, offering 10-minute grocery deliveries in major cities across the country.

Surat Diamond Bourse (SDB), billed as the world's largest office building, remains largely unoccupied a year after its grand opening by Prime Minister Narendra Modi on December 17, 2023. Although the massive 4,200-office complex has been entirely sold out, only 150 offices have become operational so far, ToI reported. The sluggish response is being attributed to the global slowdown in the diamond business, which has tempered the enthusiasm of traders and manufacturers to shift operations from Mumbai's established diamond hubs and Surat's traditional markets to the state-of-the-art bourse. To spark activity, the SDB has hosted multiple events throughout the year to encourage businesses to move in. In the meantime, significant infrastructure and services have been established to support diamond-related operations.

It formed a bearish candle on the daily frame and has been making lower lows from the last two sessions.

Decentralised Finance (DeFi) is the most significant innovation on the blockchain since the advent of the blockchain itself. What Bitcoin is to gold, DeFi is to banks and finance houses: a way to access finance in the open market on a peer-to-peer basis without the gatekeepers of banks. However, in order to access DeFi, one needs a Master’s in Finance and a PhD in Computing. The new crypto exchange Lunex Network changes all that. Lunex Network is a new hybrid CEX/DEX exchange, and on the face of it, it solves many trading problems. Over 50,000 liquidity pairs, AI trading bots, and non-custodial wallets are just some of the features Lunex Network offers. However, it’s in DeFi where Lunex Network shines. <div data-placement=«Mid Article Thumbnails

Transrail Lighting, Sanathan Textiles, DAM Capital Advisors, Mamata Machinery and Concord Enviro Systems will open for subscription on Thursday. Here are key details investors need to know before subscribing.Transrail Lighting IPO Transrail's IPO includes a fresh equity sale of Rs 400 crore along with an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings. The company has priced the IPO at Rs 432 at the upper end.

NMDC fell 7% to hit the day's low of Rs 211.55 on the NSE on Wednesday following media reports that the Karnataka government is considering an increase in the duty on iron ore. The selling was seen amid strong volumes as nearly 2.50 shares changed hands on the NSE around 1:30 pm.

Gold has delivered returns of over 20% in 2024, which is not only higher than the returns given by headline indices Nifty and the BSE Sensex in the period but also superior to its own performance in the previous two years. A fragile geopolitical order, central bank buying and economic headwinds across the globe have kept the yellow metal on the boil. It is, however, up against formidable challenges in the form of strengthening US dollar and cryptocurrencies in 2025, opined experts. Nifty and Sensex gains so far this year have been to the tune of 12%.

MphasiS Ltd. 0.17 per cent to Rs 3173.65 in Wednesday's trade as of 11:51AM (IST) even as the benchmark Nifty ruled at 24223.05, 112.96 points. The scrip had closed at Rs 3179.20 in the previous session. The stock quoted a 52-week low of Rs 2180.05 and a high of Rs 3239.55. The company quoted a market-cap of Rs 60020.38 crore on the BSE.

Zerodha and Upstox on Wednesday said that customers are facing difficulties in authorizing sell orders due to a temporary issue with Central Depository Services Limited (CDSL), affecting brokers across the industry. Zerodha informed its customers via X (formerly Twitter), stating, «Due to an issue at CDSL across brokers, you may face an issue with authorising the sale of your stocks. We are in touch with CDSL to have the issue resolved at the earliest. In the meantime, you can sell your holdings without the need for CDSL authorisation.»

Bajaj Holdings & Investment Ltd. traded 0.24 per cent down at Rs 11230.7 on Wednesday at around 11:56AM (IST), while the benchmark BSE Sensex declined 390.87 points to 80293.58. As many as 590 shares changed hands on the counter with a total value of Rs 0.67 crore. The stock quoted a 52-week high price of Rs 11515.1 and a 52-week low of Rs 7631.1.

Subscribe to enjoy similar stories. The year 2024 was far from stellar for Indian stocks, particularly in retaining foreign investment. Towards the end of the year, as markets experienced a significant correction, foreign institutional investors (FIIs) began pulling their funds from Indian equities.

Asian stocks are mostly higher ahead of the Fed’s last rate decision this year

President Joe Biden has endorsed a ban on congressional stock trading in an interview that’s being released this week

Japanese automakers Nissan Motor Corp. and Honda Motor Co. have confirmed that they are discussing closer collaboration but denied reports they have decided on a merger

Considering the upper price band of Rs 279, the stock is expected to see a premium of just over 57% on listing.

shares of Purple United Sales will debut on the NSE SME platform on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 80 in the unlisted market. Considering the upper price band of Rs 126, the stock is expected to see a premium of just over 63% on listing.