Trade Financial News

The NSE Nifty index traded 96.15 points down at 24672.15, while BSE Sensex was 338.44 points at 81794.68 as of 10:55AM(IST)on December 16.

Siemens Ltd. traded 1.12 per cent in Monday's trade at 10:45AM (IST). Around 2,326 shares changed hands on the counter. The scrip opened at Rs 7895.50 and touched an intraday high and low of Rs 8026.00 and Rs 7893.75, respectively, in the session so far. The stock of Siemens Ltd. quoted a 52-week high of Rs 8129.95 and a 52-week low of Rs 3817.00.

Voltas Ltd. traded 0.57 per cent at Rs 1820.15 at 10:55AM (IST) on Monday, even as BSE benchmark Sensex 338.44 points to 81794.68. The scrip had settled at Rs 1809.80 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1946.20 and Rs 849.75, respectively.

On the BSE, Angel Fibers(down 18.57 per cent), Superior Finlease(down 15.84 per cent), SAB Industries(down 9.99 per cent), Gconnect Logitech(down 9.99 per cent) and Shubham Polyspin(down 9.85 per cent) were among the stocks that plunged over 5 per cent during the session.

Alfavision Over(up 20.00%), Tips Films(up 19.99%), Donear Ind(up 19.97%), Essar Sec(up 19.95%), Acknit Ind(up 18.22%), Fairchem Organics(up 17.61%), Ind Renewable Energy(up 16.98%), Yasho Industries(up 16.71%), PPAP Automotive (up 15.18%) and Medinova Diagnostic(up 15.11%) were among the stocks that surged over 15%.

Info Edge (India) Ltd. 1.1 per cent to Rs 8799.55 in Monday's trade as of 10:50AM (IST). The stock hit a high price of Rs 8825.10 and low of Rs 8684.80 during the session. The return on equity (ROE) for the stock stood at 1.91 per cent. Traded volume on the counter stood at 10:50AM shares and turnover at Rs 1.54 crore around that time. The stock of Info Edge (India) Ltd. quoted a 52-week high price of Rs 8825.10 and 52-week low prices of Rs 4843.10, respectively.

Subscribe to enjoy similar stories. Right, as the world goes, is only in question between equals in power, while the strong do what they can and the weak suffer what they must"—Thucydides. Nothing describes the evolution of the Westphalian system of ‘nation states’ that humanity has adopted better than Thucydides’ pithy observation in his Melian Dialogue.

Subscribe to enjoy similar stories. Vietnam found the sweet spot in the global economy during President-elect Donald Trump’s first trade war with Beijing: smack in the middle of the U.S. and China.

Sky Gold will likely be in focus today as it will start trading on an ex-bonus basis for the issue of its 9:1 bonus share issue as the company had fixed December 16 as the record date for the purpose. “We wish to inform you that the Company has fixed Monday, 16th December 2024 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company,” the company had informed in a filing to the exchanges.

Chakri Lokapriya, Managing Partner, RSB LLP, says the technology sector, especially large-cap and mid-cap companies, is poised to benefit from the US economic recovery starting in January, driven by the new Trump administration's tax cuts that are expected to boost discretionary spending. Indian IT firms like KPIT, Mindtree, and Cyient may gain from increased engineering research and development spending, which has been stagnant. The cloud computing sector is also set to grow by 35-40%, benefiting major players like Infosys, TCS, and HCL Technology. Lokapriya says he would be ready to invest in Infosys, TCS, HCL Technology, Cyient, KPIT, and Mindtree. What is your take on the entire banking and financial space, especially after that brokerage note from UBS?.. It was quite a bearish note. While the private banks seem to be holding up rather steady in Friday’s trade, it is the PSU banks and the broader financials that seem to be taking it on the chin, the likes of Shriram Finance, IOB, Canara Bank, all these banks are not doing well right now. How would you like to play this banking space and do you believe that private banks can outperform the PSU banks going ahead? Chakri Lokapriya: The note kind of talks about everything that was already largely known in terms of the loan growth slowing down.

add call on Cera Sanitaryware with a target price of Rs 8,416. The current market price of Cera Sanitaryware Ltd. is Rs 7,655.35. Cera Sanitaryware., incorporated in 1998, is a Mid Cap company with a market cap of Rs 9922.85 crore, operating in Building Materials sector. Cera Sanitaryware's key Products/Revenue Segments include Building Products, Other Operating Revenue, Sale of services and Export Incentives for the year ending 31-Mar-2024.

Reliance Industries Limited (RIL) shares will remain in focus on Monday after the company announced the acquisition of a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore. The deal, approved by RIL's Board of Directors on December 11, 2024, was completed following consent from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), which waived its rights of first refusal on December 12, 2024.

Afcons Infrastructure, a subsidiary of the Shapoorji Pallonji Group, are in focus after the company received a Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Corporation for the Bhopal Metro Phase 1 project worth Rs 1,007 crore. «We hereby inform you that the Company has today received Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Co. Ltd formally confirming our selection and the award of the said Project to the Company», company said in an exchange filings.

“Both gold and silver have gained ~30% over the last one-year period. Global uncertainties including the US election led to a rally in gold as it is considered as a safe haven,” says Deepak Ramaraju, Senior Fund Manager, Shriram AMC. In an interview with ETMarkets, Ramaraju said: “Silver, on the other hand, may witness momentum on the back of its usage in various industrial applications including electronics, solar panels for renewable energy, advanced healthcare and electric vehicles,” Edited excerpts: Geopolitical concerns and political uncertainty in some of the countries weighed on markets in early December. What is your take on the markets? Markets have witnessed several challenges in the recent past — Russia Ukraine war, the escalation of Israel Palestine conflict, the invasion of Syria etc. However, these geo-political conflicts affect the commodity supply chain, currency movement and inflation.

Subscribe to enjoy similar stories. Think about it: The number of taxpayers filing returns of over ₹1 crore has increased fivefold in a decade, from 44,078 in 2012-13 to 230,000 in 2022-23. Also, according to Avendus, company promoters have sold a combined total of nearly ₹3 trillion since 2019-20.

Subscribe to enjoy similar stories. The Nifty 50, India’s benchmark index, saw volatile trading on 13 December as it retested its breakout level—the downward-sloping trendline connecting the highs of 6 November and 27 November. Following a subdued opening, the index tumbled sharply to an intraday low of 24,180 during the first half of the session.

Subscribe to enjoy similar stories. New Delhi: India and the UK are expected to restart talks on their proposed free trade agreement (FTA) between April and June, the first quarter of the UK’s fiscal year, two people aware of the matter said. The talks, which aim to resolve outstanding issues, have been ongoing since January 2022 but stalled in May this year after a high-ranking British delegation canceled its visit to New Delhi ahead of the general election in the UK.

Yes, it's called Fartcoin. Yes, it is totally useless.

The benchmark BSE Sensex gained 843.16 points or 1.04% to settle at 82,133.12, while the broader Nifty 50 index closed at 24,768.30, higher by 219.60 points or 0.89%.

Bitcoin has achieved a monumental milestone, surpassing the $100,000 mark for the first time in its history. This psychological barrier underscores the growing adoption of digital assets as a legitimate asset class, reshaping the global financial landscape. Speaking at the ETMarkets live stream, Anush Jafer, Content Lead at Mudrex Research, provided insights into this landmark moment and offered guidance for investors navigating the current crypto bull market. A Historic Moment for Bitcoin

monetary policy easing to start in most advanced economies is about to conclude with a 24-hour flurry of decisions led by the Federal Reserve. The US announcement will take center stage on Wednesday, followed by peers in Japan, the Nordics and the UK over the following day — amounting to half of the world’s 10 most-traded currency jurisdictions.