Trade Financial News

For Indian investors, this principle is just as relevant for country diversification as it is for asset diversification. While investing in India alone can yield strong returns driven by a robust economy, expanding into global markets offers unique benefits that domestic equities alone would not be able to offer.

Donald Trump’s victory in the US elections fizzled out soon as Nifty ended the week 0.2% down and outperformed most global markets amid concerns around slowing macro and weak Q2 earnings. IT stocks rallied post-US election results, lifting the Nifty IT index by 4%. Conversely, the high-beta Nifty Realty Index fell by 4%.

The company posted net profit of Rs 752 crore in the corresponding quarter of previous year. On a quarter-on-quarter (QoQ) basis the net profit declined 11%.

The company reported PAT of Rs 348 crore in the corresponding quarter of the previous year.

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The US Fed cut its benchmark lending rate by 25 bps to 4.5%, in line with expectations and in an attempt to support economic growth, China’s National People's Congress (NPC) approved $839 billion refinancing of local government debt. This would help reduce interest payments by 600 billion yuan over five years.

Paytm can extend its gain in the coming week. One can look to buy this stock for an upside target of 890 to 900 with stop loss of 835, says Rajesh Palviya, Axis Securities. Edited excerpts:

Income increased to Rs 790.90 crore from Rs 690.21 crore in the year-ago quarter.

Foreign institutional investors (FIIs), who had sold Indian stocks worth about Rs 94,017 crore last month, continued to hit the sell button in November where the outflow was around Rs 23,398 crore in the first six trading sessions of the month. Till Thursday, FIIs were net sellers to the tune of Rs 19,994 crore, according to NSDL data. Friday's session saw foreigners offloading another Rs 3,404 crore.

Swiggy IPO is likely to be finalised later on Saturday. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on the BSE or even on the registrar's website.

As a sluggish Q2 earnings season is leading to downgrades in many stocks, Abhishek Singh, Fund Manager, DSP Mutual Fund, says the market is not factoring in the medium-term outlook yet for most of the stocks. «Markets could be justified in this stance if we see sustained improvement in the coming quarters,» he says. Edited excerpts from a chat:

IRCTC, CONCOR and Rites are among a host of other companies likely to remain in focus in the upcoming week as they are approaching their record dates for the purpose of dividends, bonus issues and stock splits. A record date is set by a company to decide shareholders eligible to receive offers. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

Finance Minister announced the establishment of E-Commerce Export Hubs (ECEHs) in this year’s budget to enhance merchandise exports through cross-border e-commerce. This initiative was introduced in response to the various challenges faced by Indian MSMEs, including intense competition from other Asian nations such as China and Japan, disruptions caused by the Russia-Ukraine conflict, and other macroeconomic issues. In addition to geopolitical challenges, the fragmented and predominantly B2B-focused Indian regulations that govern e-commerce exports today, impose significant compliance burden on the small businesses. To address these challenges, the proposed ECEH model aims to consolidate various stakeholders within a unified regulatory and logistical framework to streamline and facilitate e-commerce exports.

bond yields in the wake of the election of Donald Trump as the US President. He said the other negative for equities is that the liquidity situation has begun to deteriorate at a time when valuations are at historic highs.

Brent crude oil futures fell 47 cents, or 0.6%, to $75.16 per barrel by 0446 GMT. U.S. West Texas Intermediate (WTI) crude fell 55 cents or 0.8% to $71.81. The benchmarks fell after rising nearly 1% on Thursday.

The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time on Friday, as expectations of tax cuts and looser regulations under Trump helped lift the appetite for equities.

Gold prices dropped on Friday, logging their steepest weekly decline in over five months, pressured by a stronger dollar and as markets absorbed the implications of Donald Trump's victory and its potential impact on U.S. interest rate expectations. Spot gold fell 0.8% to $2,684.03 per ounce as of 01:40 p.m. ET (1840 GMT) and posted a 1.8% weekly decline.

Traders were also awaiting the end of a week-long meeting of key Chinese officials who have been hammering out a major stimulus package for the world's number two economy with an eye on the US election result.

Regional equities had started the day by tracking Wall Street's overnight rise to record highs, with investors digesting the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump.