Trade Financial News

Despite a number of smallcap stocks seeing double-digit correction from peaks in the last few days, there are many pockets in the segment which remain in bubble zone, says Mayur Patel, President and Fund Manager, Listed Equity at 360 ONE Asset. «Elevated risks persist among smallcaps that have rallied mainly on narratives, lacking the support of earnings growth. Many of these stocks, still in a bubble zone, are yet to experience deep corrections. However, there are pockets in the smallcap space with decent risk-reward. We continue to clinically assess risk-reward in our smallcap positions and actively book profits where valuations have exceeded fundamentals,» he says.

Waaree Energies next week, given the shares are commanding a hefty premium in the grey market. Waaree Energies shares are trading with a GMP of Rs 1350 in the grey market and considering the upper price band, the stock is expected to list with a premium of 90%.

dollar index rose on Friday, with the greenback set to lock in a fourth straight week of gains after data this week kept interest rate expectations for the Federal Reserve in check while investors looked towards next week's key payrolls report. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, jumped 0.5% last month after an unrevised 0.3% gain in August and above the 0.1% rise estimated by economists polled by Reuters.

Since early 2024, the price of gold has been climbing, and the uptick has been nothing short of remarkable, with gold shattering multiple price records so far this year with an expectation that it will cross the Rs 80,000 per 10 gm mark by the Dhanteras-Diwali period when Indians buy gold to bring in prosperity to home.

Oil prices settled higher on Friday and gained 4 Percent on the week, with investors taking stock of the ongoing conflict in the Middle East as well as the U.S. election next month. Brent crude futures settled up $1.67, or 2.25 Percent, at $76.05 a barrel. U.S. West Texas Intermediate crude settled up $1.59, or 2.27 Percent, to $71.78.

Gold prices edged up on Friday after recovering from a profit-taking bout as Middle East tensions and U.S. election jitters supported prices, while palladium prices extended gains to 10-month highs. Spot gold was up 0.2% at $2,741.50 per ounce by 01:44 p.m. ET (1744 GMT). Prices hit a record $2,758.37 on Wednesday and logged a third straight weekly gain.

With over four decades of experience in the industry, including a tenure on U.S. President Obama’s committee, Manocha outlined a robust vision for India to become a semiconductor powerhouse.

YES Bank, ICICI Bank and IDFC First Bank. Apart from the above, 3P Land Holdings, Colorchips, Fredun Pharma, Godawari Power, IFB Industries, Indo Thai Securities, Kedia Construction, Kyati Global Ventures, REC Ltd, SBFC Finance, Sejal Glass and a few others will also declare their results.

Mexico to take off as a manufacturing mecca. US-China tensions have opened the door for an export surge. Companies are lining up for power permits in once-barren areas. Bidding wars are breaking out for industrial space. The country, however, is still waiting for a cascade of foreign investment to bolster its economy. Even as Mexico surpassed China to become the top exporter of goods to the US last year, the country’s economic growth is slowing — and the promise of so-called nearshoring has yet to be fully fulfilled. Some of that stems from companies awaiting the outcome of the presidential election to the north and its effect on trade policy. But it also reflects long-running challenges that have held back the Latin American nation from becoming a bigger force, from electricity shortages to political turbulence.

U.S. stocks is wobbling as it confronts a stretch of potentially market-shaking events, starting next week with corporate results from tech titans and the closely watched employment report, while the U.S. election is also nearing. The benchmark S&P 500 is up about 22% on the year, but has edged back from record-high levels in recent days.

Mercedes-Benz and Valeo and appliances-maker Electrolux dented investor sentiment. The pan-European STOXX 600 closed flat for the second straight day and logged its first weekly loss in three, with real estate stocks among the worst-hit sectors for the week.

Republican former President Donald Trump and Democratic Vice President Kamala Harris are polling neck-and-neck in crucial swing states ahead of the Nov. 5 election. Investors are anxious about a contested result roiling world markets and unleashing fresh geopolitical uncertainty.

Subscribe to enjoy similar stories. “The bigger the better"seemed to be Rajaraja Chola’s philosophy of gifting. A Tamil merchant he sent as an emissary to the Chinese court in the 11th century presented the rulers with 844kg of pearls, 60 elephant tusks, 38kg of frankincense and a robe and cap embroidered with pearls, going by author and self-trained public historian Anirudh Kanisetti’s tales of the Chola-era seafarers, the subject of his forthcoming book.

Subscribe to enjoy similar stories. New Delhi: India is putting in place an ambitious plan to secure access to critical minerals in foreign countries by buying majority stakes in overseas companies, two people aware of the development said.

Subscribe to enjoy similar stories. The Competition Commission of India (CCI) is considering if there are grounds to open an investigation into the grievances expressed by a trade body against quick commerce platforms Zepto, Blinkit and Instamart.

An American cryptocurrency executive held in Nigeria for the past eight months has been released after authorities there announced that they were ending his money laundering trial on health and diplomatic grounds

IndusInd Bank's shares for Rs 421 crore through an open market transaction. According to the bulk deal data available on the National Stock Exchange (NSE), Paris-headquartered Societe Generale offloaded 39.30 lakh shares or 0.50 per cent stake in IndusInd Bank. The shares were disposed of at an average price of Rs 1,070.61 apiece, taking the transaction value to Rs 420.80 crore.

Angel One on Friday settled a case related to an alleged violation of regulatory norms with the capital markets regulator Sebi after paying Rs 5.74 crore towards settlement charges. The settlement order came after the applicant (Angel One Ltd) proposed to settle the instant proceedings initiated against them, «without admitting or denying the findings of facts and conclusions of law». «The instant adjudication proceedings initiated against the applicant (Angel One) vide show cause notice (SCN) dated March 12, 2024, and enquiry proceedings initiated against the applicant vide SCN dated March 12, 2024, is disposed of in terms of the settlement regulations,» Sebi's Adjudicating Officer Barnali Mukherjee said in the order.

The company reported a loss of Rs 471 crore in the September 2024 quarter from a profit of Rs 860 crore a year ago because of 32 times increase in provision to Rs 910 crore from Rs 28 crore a year ago.

quarter on weak refining margins. Revenue from operations increased 1% to Rs 1,17,952 crore. Shares in BPCL fell nearly 5% to Rs 305.95 apiece on Friday when the benchmark BSE Sensex ended 0.8% lower.

Revenues for the quarter rose 5% year-on-year to Rs 1,08,216 crore in the July-September quarter.