Trade Financial News

Rajesh Power Services will debut on the BSE SME platform on Monday. Ahead of the listing, the company's shares were trading with a GMP of Rs 144 in the grey market. Considering the upper price band of Rs 335, the stock is expected to list with a premium of 40% or above going by the grey market trends.

Abizer Diwanji, Founder, NeoStrat Advisors LLP, says people will take the decision on the basis of whatever their compulsions are. Institutional investors, especially from the US, will have bigger compulsions in their country, being answerable to their own investors, and they may take a different call. The primary consideration for a normal investor should be returns and the efficacy of cash flow. As far as we have been covering banking, there is a reputational risk, there is a financial risk. But despite that, you have seen that Japanese lenders may continue to support Adani. How would these banks be assessing the situation according to you? Abizer Diwanji: First of all, banks are very focused on lending and lending to specific projects which have a high probability of cash flows, that is the most important thing. Now, given the group's ability to construct and execute contracts well, I think from a credit risk perspective which is the main criteria on which lending is done, most people would take a view that there is no problem with the credit.

Subscribe to enjoy similar stories. India has stayed off US President-elect Donald Trump’s target range so far, but Brics was the focus of his latest finger-wag.

“While we could see some foreign selling in the next one week or so, the extreme selling should fizzle out as global investors typically have light positions in December,” said Abhilash Pagaria, head of alternative and quantitative research at Nuvama.

Q2 GDP data, which came at 5.4% against an expectation of 6.5%. Analysts said investor sentiments going forward will be directed by geo-political developments and FII activity with the market likely to remain range-bound amidst mixed global cues and lack of domestic triggers.

Foreign investors were net sellers of securities under the central bank's fully accessible route (FAR) for the second straight month in November, as global fund managers went underweight on Indian securities amid rising US yields. Foreign portfolio investors sold FAR securities worth ₹5,186.7 crore more than those they purchased in November, according to data from the Clearing Corporation of India. Net sales in October were ₹2,051.67 crore.

futures contracts of Reliance Industries last week were at the highest level in 18 years as traders mounted bearish bets amid the weakness in the stock in recent months. Analysts said the stock is oversold and a turn in sentiment could prompt liquidation of these bearish bets that could result in outsized moves in the short run. Open interest (OI) or outstanding positions for Reliance Industries were up at 185.38 million shares on November 28 (Thursday), its highest level since 2006, from a low of 68.48 million shares on July 10, according to analysts. Open Interest indicates the number of active contracts comprising bullish and bearish positions.

Oil prices edged up on Monday supported by upbeat factory activity in the world's second largest oil consumer China and as Israel resumed attacks on Lebanon despite a ceasefire agreement, stoking tensions in the Middle East. Brent crude futures climbed 8 cents, or 0.1%, to $71.92 a barrel by 0107 GMT while U.S. West Texas Intermediate crude was at $68.09 a barrel, up 9 cents, or 0.1%.

Belgium is granting sex workers full labor rights, including health insurance, paid leave and pensions, starting Sunday

Canada’s ambassador to the United States says Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump and some key cabinet nominees to understand that lumping Canada in with Mexico over the flow of drugs and migrants into t...

Subscribe to enjoy similar stories. The Union government plans to set up an agency on the lines of National Agriculture Cooperative Marketing Federation of India (NAFED) to regulate carbon trading, two people said. The new body will also be responsible for green initiatives such as green bonds.

Foreign portfolio investors (FPIs) showed a sustained interest in the primary market in November 2024 while moderating the extent of selling in the secondary market compared with the previous month. According to the data from NSDL, they invested $2,098.4 million (Rs17,704 crore) in the Indian primary market through IPOs and QIBs. This followed the three-year high monthly investment of $2,361 million (Rs19.841.9 crore) in the previous month. In 2024 so far, FPIs have invested $12,373.9 million (Rs1,03,601 crore) through the primary route, far outpacing $5,242.1 million (Rs 43,347.1 crore) that they had pumped in the whole of 2023. Their higher engagement in the primary market owes to the rising activity in the IPO segment in the current year. As many as 79 mainboard IPOs have together raised nearly Rs 1.4 lakh crore so far in 2024, the highest in any year.

President-elect Donald Trump is threatening 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar

Subscribe to enjoy similar stories. Given Donald Trump’s nominees for key cabinet positions so far, it appears that the US president-elect is determined at least to try to deliver on many of his campaign promises. If so, the current news cycle may have come as a welcome surprise to those who have grown tired of elected leaders making promises they have no intention of keeping.

BRICS countries regarding the latter's de-dollarisation efforts as an economic war on the developing nations. In an X post, Trump threatened BRICS countries that his administration would impose 100 per cent tariffs on all imports from those countries, should they dare to launch their currency. With growing global fragmentation, and geopolitical and geostrategic shifts, de-dollarisation plans are gathering currency. On the other hand, BRICS countries are working on reducing dollar dominance in the global financial system by replacing it with a new global currency.

equity market in November, mainly due to the rising US bond yields, strengthening dollar and expectation of a slowdown in the domestic economy. While the sell-off continues, the quantum of net outflow significantly reduced compared to October, when FPIs recorded a massive withdrawal of Rs 94,017 crore (USD 11.2 billion). With the latest pull out, Foreign Portfolio Investors (FPIs) have experienced total net outflow of Rs 15,019 crore in 2024 so far.

Ashish Kacholia's portfolio witnessed a 12% correction since the quarter ended September 2024. The portfolio value declined from Rs 3,498.5 crore at the end of Q2FY25 to Rs 3,078.9 crore as of 30th November 2024, according to data from Trendlyne. Meanwhile, in the September quarter, Kacholia added seven new stocks to his portfolio, including Jyoti Structure, Bharat Parenterals, E2E Networks, Advait Infratech, Radiowalla Network, Aimtron Electronics, and TBI Corn. Notably, Radiowalla Network, Aimtron Electronics, and TBI Corn are SME Emerge stocks.

Canadian Prime Minister Justin Trudeau is returning home after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner

But despite all of these risks, investors seem largely unperturbed, with the S&P 500 Index setting another record just this week. Traders are piling into the riskiest parts of the market, too, with the small-capitalization Russell 2000 Index nearly doubling the S&P 500’s performance over the past two weeks and approaching its first record since 2021. Meanwhile, the Cboe Volatility Index is at levels that historically indicate serenity among traders.

Subscribe to enjoy similar stories. President-elect Donald Trump is known for grandiose statements, a larger-than-life persona and a fondness for unpredictability. His counterpart on the other side of the Atlantic couldn’t be more different in political style.

Donald Trump prepares for his second term as US President, his aggressive trade stance is already creating ripples in the global economy. A key element of his protectionist policies is the threat of imposing 100% tariffs on BRICS countries, including India, if they move away from using the US dollar in international transactions. This bold stance, declared through a scathing social media post, could have severe consequences for India’s exports, particularly in critical sectors such as pharmaceuticals, textiles, and information technology. Trump’s remarks come in response to discussions among BRICS nations, which include Brazil, Russia, India, China, and South Africa, regarding the possibility of reducing their reliance on the US dollar for trade. A summit held in Russia in October focused on increasing local currency transactions, a move that Trump has now vowed to challenge. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote, warning that any country attempting to replace the dollar with another currency would face significant tariff hikes. Also Read: Trump threatens 100% tariff on BRICS countries over currency plans