Trade Financial News

Dynamic Midcap Strategy, we follow the GSM investment philosophy. ‘G’ stands for growth, ‘S’ stands for strategic value and ‘M’ stands for margin expansion,” says Mohit Khanna, Fund Manager at Purnartha. In an interview with ETMarkets, Khanna said: “In the Multi-asset, Purnartha One Strategy, we optimize risk by actively managing the asset allocation using a VMS framework – ‘V’ stands for valuations, ‘M’ stands for macro outlook and ‘S’ stands for sentiments.” Edited excerpts:

Sadar Bazar Trades Association, said that there is a 15 percent decline in footfall in the Sadar market compared to usual days. «There's a noticeable decrease in the number of people visiting Sadar Bazar, especially customers from other states who typically come for wholesale shopping. Many are now placing orders online instead of travelling here due to the severe air pollution,» Yadav said. Similarly, Sanjeev Mehra, president of the Khan Market Traders Association, said that there has been a sharp drop of 60 percent in footfall since the implementation of Stage IV of the Graded Response Action Plan (GRAP).

exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market. The move to cut management and custodian fees came a day after Wu Qing, China's chief securities regulator, pledged to encourage index investment and fund industry fee reform.

U.S. dollar slipped to a one-week low versus major peers on Wednesday, looking to extend a three-day decline from a one-week peak as the market catches its breath following the frantic rally in the wake of Donald Trump's election. A boost to the dollar and other traditional safe-haven currencies like the yen overnight proved short-lived, after Russia's foreign minister said the country will «do everything possible» to avoid the onset of nuclear war, hours after Moscow announced it would lower its threshold for a nuclear strike.

Grasim Industries with a target price of Rs 2731. The current market price of Grasim is Rs 2519.25. Grasim Industries, incorporated in 1947, is a Large Cap company with a market cap of Rs 172635.15 crore, operating in a Diversified sector. Grasim Industries' key products/revenue segments include Cement, Other Operating Revenue, Scrap, Export Incentives and Sale of services for the year ending 31-Mar-2024.

Indrajit Agarwal, Senior Research Analyst, CLSA, says there are three or four levers of cost savings. One is higher renewable power usage, second is lower lead distances, third is improving the mix of cement, etc. All those things will lead to profitability improvement. In an environment where the top few players are focusing on both cost savings and market share gain, pricing would be very difficult to come by and that is where larger cement players with better volume growth visibility and cost saving outlook are likely to fare much better than the smaller or regional players. What have been your key takeaways for materials as a sector? Indrajit Agarwal: If you look at the sector, what has happened in the past few years and also year to date, we have been in the midst of a structural upcycle driven by all the levers, be it infrastructure, housing, property market, whatever you call it. However, the last six months effectively has been a perfect storm. We have had a confluence of three events which has led to a significant weakness in the demand environment.

Donald Trump has chosen Howard Lutnick to be the next Commerce Secretary. Lutnick heads the brokerage and investment bank Cantor Fitzgerald. The Commerce Department oversees a variety of areas including computer chip factory funding, trade restrictions, economic data, and weather monitoring. The position also requires strong ties to business leaders. Lutnick served as co-chair of Trump's transition team alongside Linda McMahon. He also appeared on Trump's show «The Apprentice.»

Bitcoin (BTCUSD) will likely remain on watchlists Wednesday as the largest cryptocurrency by market capitalization nudges towards the $100K mark.

HDFC Securities has a buy call on Ashoka Buildcon with a target price of Rs 302. The current market price of Ashoka Buildcon is Rs 237.85. Ashoka Buildcon, incorporated in 1993, is a Mid Cap company with a market cap of Rs 6663.25 crore, operating in the infrastructure sector. Ashoka Buildcon's key products/revenue segments include Income From Construction Work, Ready Mix Concrete, Other Operating Revenue, Scrap and Land for the year ending 31-Mar-2023.

Can a job cut ever be «thoughtful»? If you're on the receiving end, maybe not — but this is what Michael Roberts, the man recently appointed to lead HSBC's corporate and institutional bank, said he was all about just a few weeks ago. 

$300m is a lot of money. It was even more money in the late 1980s, when Howard Lutnick, the man who might now be Donald Trump's Treasury Secretary, made $300m in profit for Cantor Fitzgerald. Lutnick joined Cantor aged 22 in 1983; he became CEO there seven years later, aged 29.

As often seems to be the case, Ajay Kumar's long tenure as a top trader in an investment bank, doesn't seem to have been perpetuated since he left to work on the buy-side.

We revived our Ideal Employer report last year after a five year hiatus, and the people spoke: JPMorgan won by a landslide.

The price of Bitcoin hit a record high on Tuesday afternoon, continuing its dramatic ascent in the two weeks since Donald Trump’s victory in the presidential election.

Canada’s point person for U

Two Australian tourists are being treated in Thailand for suspected severe alcohol poisoning after apparently consuming tainted drinks in neighboring Laos

President-elect Donald Trump says he is nominating Dr. Mehmet Oz, who hosted a long-running television talk show, to lead the Centers for Medicare and Medicaid Services

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

A congressional panel has recommended that the U.S. toughen its trade relationship with Beijing

Gold prices climbed for a second consecutive session on Tuesday, hitting a one-week high as mounting Russia-Ukraine tensions sparked a rush for safe-haven assets, while investors awaited key signals on the Federal Reserve's interest rate plans. Spot gold rose 0.6 per cent to $2,628.76 per ounce by 01:42 p.m.(ET), hitting its highest level since November 11. U.S. gold futures settled 0.6 per cent higher at $2,631 per ounce. On Monday, gold jumped 2 per cent, marking its biggest one-day rise since mid-August and rebounding sharply from a two-month low hit last week, Reuters reported. «We think that the overnight reports on Russia changing its nuclear doctrine following Ukraine's first long-range missile strike on Russian territory has led to some safe-haven flows in gold,» said Daniel Ghali, commodity strategist at TD Securities.

The ban will be enforced during the winter months in three regions near Lake Baikal, where cryptocurrency mining has flourished in recent years due to the low cost of electricity, primarily generated by large hydropower plants.