Trade Financial News

Gold prices barely moved on Wednesday, as attention shifted to a key U.S. inflation print due later in the day, which could shed more light on the Federal Reserve's monetary policy path.

Wall Street's three major indexes closed lower on Tuesday as investors booked some profits from a post-election rally and waited anxiously for U.S. inflation data due this week. The indexes had rallied to record highs since the Nov. 5 U.S. election as investors bet on a boost to equities from President-elect Donald Trump's proposed tax cuts and the prospect of easier regulatory policies.

earnings season is underway and as many as 540 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out for include that of Vodafone Idea, Eicher Motors and GRSE. Apart from the above, Optiemus Infracom, Panacea Biotech, Pasupati Fincap, MRO-Tek Realty, MPDL, Monind, Kaveri Seed Company, Jagatjit Industries, Gita Renewable Energy, Emerald Leisures, Arkade Developers, Aayush Wellness, Brigade Enterprises, Crane Infrastructure and a few others will announce their quarterly results.

The dollar is reaping the benefits of Republican Donald Trump's victory in the U.S. presidential election last week, with investors pricing in policies of lower taxes and trade tariffs under the incoming administration that are seen as inflationary. [US/].

inflation data that may further sap confidence in the pace of Federal Reserve interest-rate cuts. Stock benchmarks in Tokyo and Sydney retreated after the S&P 500 slipped following its biggest five-day advance in a year. The Bloomberg Dollar Spot Index extended its post-election rally, while the yen closed in on the closely watched level of 155.

The rupee closed at 84.3925 per dollar, unchanged from Monday's closing level.

«Nifty has now edged closer to its previous swing low i.e. around 23800, with banking heavyweights leading the decline and dampening hopes of a recovery once again. Current signals suggest a potential test of the long-term moving average at the 200 DEMA level, around 23,540. Participants should adjust their positions accordingly and prioritize selective stock picking,» said Ajit Mishra – SVP, Research, Religare Broking.

Vodafone Idea, Eicher Motors, BSE, Nykaa, PNB Housing among others will be in focus due to various news developments and second quarter results. Vodafone Idea, Eicher Motors, GRSE Shares of Vodafone Idea, Eicher Motors and GRSE will be in focus as the companies will announce their second quarter results later today.

Subscribe to enjoy similar stories. BRITAIN WAS the first country to generate electricity from coal. On September 30th that era came to an end when it closed its last coal-fired plant, amid much self-congratulation.

Donald Trump has begun the process of choosing a cabinet and selecting other high-ranking administration officials following his presidential election victory, as per a report. Here are the early picks and top contenders for some of the key posts overseeing defense, intelligence, diplomacy, trade, immigration and economic policymaking. Some are in contention for a range of posts, Reuters reported. SUSIE WILES, chief of staff Trump announced last week that Wiles, one of his two campaign managers, will be his White House chief of staff. While the specifics of her political views are somewhat unclear, Wiles, 67, is credited with running a successful and efficient campaign. Supporters hope she will instill a sense of order and discipline that was often lacking during Trump's first four-year term, when he cycled through a number of chiefs of staff.

Bitcoin (BTCUSD) remains in the spotlight on Tuesday as the pioneer cryptocurrency nears the $90,000 level for the first time.

Donald Trump’s landslide victory has shaken Canadians and rattled the loonie, but on balance will be beneficial for the country, notably its natural resource sectors.

Canada’s Labor Minister Steven Mackinnon says he is intervening to end lockouts at the country’s two biggest ports after the negotiations reached an impasse

Is the Trump trade rally really a thing?

Europe's main index plunged 2% to a near three-month low on Tuesday, as concerns over the fate of U.S.-China relations cast a shadow over stocks with significant exposure to the world's No. 2 economy, while some downbeat earnings also weighed. The STOXX 600 also notched its steepest one-day decline since early August after Monday's 1% jump.

revenue in Q2 FY25 to Rs 2001.3 crore compared to Rs 1371.5 crore in Q2 FY24. The company posted a profit after tax (PAT) of Rs. 34.9 crore in Q2 FY25, a 59% increase over the same period last year. The quarter saw robust performance due to festive demand during Ganesh Utsav and the decrease in gold import duty in the Union budget. Additionally, during Maha Mangalsutra Mahotsav (the 20th year of Mangalsutra Mahotsav), PNG Jewellers’ annual flagship event, the average sales per day increased by 40%.

gold prices, according to the monthly gold market report released by the World Gold Council today. The start of November saw gold pressured by higher opportunity costs and a Republican clean sweep. The first week of November saw gold move lower after hitting a new all-time high on the first of the month.

Portfolio Investors and reduce duplication of available information, markets regulator Sebi on Tuesday said applicants can choose to fill either the entire Common Application Form (CAF) or an abridged version with unique fields. If the abridged form is chosen, the remaining fields should either be auto-populated from the information available in the depository system or should be disabled, as applicable, based on existing information in the CAF module, Sebi said in a circular. The applicants must consent to use the pre-filled information and confirm that it is accurate, except for any updates they provide.

Zydus Lifesciences reported a net profit jump of 14% to Rs 911 crore in Q2FY25 led by robust sales growth in India and US markets. The drug maker had reported a net profit of Rs 801 crore in the July-September quarter of last fiscal.

LCC Infotech and its promoters — Kirti Lakhotia, Sidharth and Pratik Lakhotia — for misrepresenting the financial statements of the company. The regulator levied a penalty of Rs 6 lakh on LCC Infotech and a Rs 1 lakh fine each on Kirti Lakhotia (Chairperson and MD), Sidharth Lakhotia (CEO), Pratik Lakhotia, Kamaljit Singh, Rajat Sharma and Mayur P Shah. In a 39-page order, Sebi found that LCC misrepresented its financial statements for FY 2021-22 by not making provisions/impairment on loans, debtors and investments as per applicable accounting standards and did not make certain disclosures about related party transactions in the annual report for the FY 2019-20, FY 2020-21 and FY 2021-22.

China, Korea, and Thailand for five years to guard domestic players from cheap imports from these nations. The duty was imposed as the chemical — Epichlorohydrin — was exported to India from these countries at below-normal prices. «The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier)...,» the department of revenue said in a notification. The levy is imposed following recommendations for the same by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR).