Trade Financial News

Donald Trump Jr. is reportedly playing a key role in shaping the cabinet selections of his father, President-elect Donald Trump, according to USA Today.

Subscribe to enjoy similar stories. Getting allotment in a small and medium enterprises (SME) initial public offering (IPO) in early 2024 felt like hitting the jackpot. For many investors, it was enough to fund a grand wedding or a dream vacation.

Swaminathan Aiyar, Consulting Editor, ET Now, says Maharashtra and Jharkhand elections show there are as many puzzles as lessons. There are no clear-cut lessons. While Hindutva line and local issues worked in BJP’s favour in Maharashtra while in Jharkhand they did not. But BJP will be happy that even where it has done badly in the general election, where Mr Modi mattered, it can do very well in the state election. It would be extremely heartening for the BJP to say there is much more to this party than just Mr Narendra Modi, that is a positive. In Maharashtra, the BJP-led Mahayuti alliance is all set to form the government. I guess the markets would like that, right? It is continuity and stability. Swaminathan Aiyar: Yes, categorically yes. It is not just that they won, they won with such a phenomenal sweep. I mean, it is like a slap on the face of the Congress party and the INDIA bloc. The INDIA bloc did recover something by winning Jharkhand quite convincingly going against the opinion polls that had suggested it might be a dead heat or something.

Siemens Ltd. 4.75 per cent to Rs 7180.00 in Monday's trade. It hit a high of Rs 7233.50 and low of Rs 6974.50 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 6459.65, while the 50-DMA was at Rs 7096.19. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Dalmia Bharat Sugar and Industries Ltd.(up 2.54%), Ugar Sugar Works Ltd.(up 2.07%), Shree Renuka Sugars Ltd.(up 2.07%), Kothari Sugars & Chemicals Ltd.(up 2.02%), Bajaj Hindusthan Sugar Ltd.(up 1.98%), Dwarikesh Sugar Industries Ltd.(up 1.98%), Uttam Sugar Mills Ltd.(up 1.94%), Triveni Engineering & Industries Ltd.(up 1.82%), Avadh Sugar & Energy Ltd.(up 1.79%) and Dhampur Sugar Mills Ltd.(up 1.66%) were among the top gainers.

Bharat Electronics Ltd. 5.11 per cent to Rs 295.15 at 10:18AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 483,774 shares with a turnover of Rs 14.18 crore till 10:18AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 47.38, while the price-to-book value ratio stood at 9.02.

Stocks that rallied over 10% included, BDH Industries(14.90%), Ellora Trading Ltd.(14.66%), J Kumar Infra(12.94%), Ishita Drugs(12.30%), IFCI(11.54%), Sheetal Diamond(10.55%), Sobha (PP)(10.52%), Anand Rayons(10.00%) and LWS Knitwear(10.00%).

ICICI Securities has a buy call on Ramco Cements with a target price of Rs 960. The current market price of Ramco Cements is Rs 930.55. The t Time period given by the analyst is a week when The Ramco Cements Ltd. price can reach defined target. ICICI Securities recommended to keep stoploss at Rs 869.9. The Ramco Cements Ltd, incorporated in 1957, is a Large Cap company with a market cap of Rs 21942.11 crore, operating in the cement sector. Ramco Cements' key products/revenue segments include Cement, Dry Mortar Mix, Scrap, Ready Mix Concrete, Power and Other Operating Revenue for the year ending 31-Mar-2024.

Punjab National Bank 5.24 per cent to Rs 105.06 in Monday's trade as of 10:05AM (IST). The stock hit a high price of Rs 105.16 and low of Rs 102.96 during the session. The return on equity (ROE) for the stock stood at 8.92 per cent. Traded volume on the counter stood at 10:05AM shares and turnover at Rs 13.08 crore around that time. The stock of Punjab National Bank quoted a 52-week high price of Rs 142.90 and 52-week low prices of Rs 75.60, respectively.

Domestic benchmark index NSE Nifty gained 355.46 points to 24262.7, while the BSE Sensex traded 1059.24 points up at 80176.35.

Bank of Baroda traded 4.4 per cent at Rs 246.50 at 10:10AM (IST) on Monday, even as BSE benchmark Sensex 1137.65 points to 80254.76. The stock had settled at Rs 236.10 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 298.45 and Rs 192.70, respectively.

Bitcoin (BTCUSD) remains in focus to start the week as the cryptocurrency sits on the precipice of crossing the $100,000 mark for the first time.

A near marubozu candle on Friday suggests that fear is peaking in Honasa shares, which lost 39% last week, says Anand James, Chief Market Strategist, Geojit Financial Services. «The downtrend is now aged 49 days with a cut of nearly 60% from the top, with the last four days alone seeing nearly 40% cuts. Thus, even though we could not spot any reversal signs as yet, the age of the downtrend could attract bargain buyers,» he says.

Society of Jesus, or Jesuits, wanted to use this hot new technology — just over a century old — to spread Christianity in the East. This press was meant for Abyssinia (Ethiopia), but the winds took it round Africa and up to India, where it docked in Goa. It was getting ready to sail again, when it was learned that the Abyssinian emperor no longer wanted it. Francis Xavier, one of the Jesuits’s founders, had established a strong presence in Goa. So, when this news came, the Jesuits quickly set up the press. Printing using carved surfaces may have existed in India before this, but this press produced the first Indian books using movable type. This was in Roman script, but attempts were made to cast types in Indian scripts, first Tamil and then Devanagari. The earliest texts were religious, but in 1563, the press printed a book whose title translates as Colloquies on the Simples and Drugs of India (1563). Written by physician and naturalist Garcia da Orta in the form of dialogues with a fictional friend named Ruano, it describes the useful plants of India. Through the conversations, which include visits to patients, a fascinating picture emerges of the trading world of India and the Arabian Sea.

India VIX inched higher to close at 16.10 on Friday, reflecting heightened market caution and a slight uptick in volatility.

Donald Trump has far-reaching implications for global trade and geopolitics. According to a report by Motilal Oswal, this policy carries mixed outcomes for exporters worldwide because it is designed to prioritize U.S. manufacturing by reducing imports, particularly from China. For India, Trump's policies present both opportunities and challenges. The Indo-Pacific defense strategy could strengthen U.S.-India collaboration, opening doors for Indian businesses in sectors such as pharmaceuticals and defense.

HDFC Securities has a buy call on Neogen Chemicals with a target price of Rs 2,076. The current market price of Neogen Chemicals is Rs 1920.9. Neogen Chemicals, incorporated in 1989, is a Small Cap company with a market cap of Rs 5035.73 crore, operating in the Chemicals sector. Neogen Chemicals' key products/revenue segments include Organic/Inorganic Heavy Chemicals and Other Operating Revenue for the year ending 31-Mar-2024.

central banks' continued demand for gold,” says Tarun Birani Founder and CEO TBNG Capital Advisors. In an interview with ETMarkets, Birani said: “Silver holds a unique position due to its dual role as a precious and industrial metal. Its demand is bolstered by applications in solar energy, electronics, and battery production” Edited excerpts:

HDFC Bank, HCL Tech, Zomato, RVNL among others will be in focus due to various news developments. Indian Bank The Financial Services Institutions Bureau (FSIB) recommended Binod Kumar for the post of MD of Chennai-based Indian Bank.

Looking ahead, markets will first react to the outcomes of the Maharashtra and Jharkhand elections. Additionally, macroeconomic indicators, including GDP and infrastructure output, will garner significant attention. Participants remain focused on FII fund flows, given their ongoing selling spree.

Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supply disruption. Brent crude futures climbed 13 cents, or 0.2%, to $75.30 a barrel by 0115 GMT, while U.S. West Texas Intermediate crude futures were at $71.38 a barrel, up 14 cents, or 0.2%.