Trade Financial News

Sandip Sabharwal, asksandipsabharwal.com, says the first level of buying could be looked at on the largecap side. If Reliance falls 5-7% from current levels, it could be a decent stock to buy for a 15-20% upside over a year's time. If markets correct, typically banks have a higher beta. If they correct more than 10% from current levels, they can be considered. If L&T it falls near Rs 3,200-3,300, then we could have a look at it among the largecaps. These could be the opportunities. Markets were due for a fall. The selling has come. Could this accelerate further? Is it time to put money to work now? Sandip Sabharwal: It is too early to put money to work because of the fact that, one, there could be global factors at play and globally markets could correct and that could lead to some sort of fall coming in India also. Secondly, if you look at economic data which has been coming out starting right from the core industrial data, information where core output was actually down last month and some impact was there of heavy rains, etc, which was down.

Bajaj Finance will be in focus in Friday's trade following a business update for the second quarter ended September 2024. The company's new loans booked during the quarter 14% rose to 9.69 mm in Q2FY25 as compared to 8.53 mm in Q2FY24. Further, the assets under management (AUM) grew 29% to Rs 3.73 lakh crore.

oil prices headed for their sharpest weekly gain in more than a year, as escalating tensions in the Middle East kept markets on edge ahead of a U.S. jobs report later in the day. U.S. President Joe Biden said on Thursday that the U.S. is discussing strikes on Iran's oil facilities as retaliation for Tehran's missile attack on Israel, while Israel's military hit Beirut with new air strikes in its battle against Lebanese armed group Hezbollah.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

The price of the XRP token fell by as much as 11% Thursday following the Securities and Exchange Commission's (SEC) decision to appeal a federal court ruling last year that found XRP (XRPUSD) is not a security when algorithmically sold to retail investors via exchanges.XRP has since given up some of those losses and was trading roughly 3% lower at 52 cents in recent trading.

The Department of Homeland Security has announced that it would ban the import of goods from a Chinese steel manufacturer and a Chinese maker of artificial sweetener

U.S. stocks are drifting, as crude oil prices continue to climb and more signals arrive showing the economy remains solid

Reserve Bank of India research paper has suggested reforms in agricultural marketing, including increase of private mandis to help farmers realize better value for their produce. The paper on vegetable inflation studying Tomato, Onion and Potato (TOP) prices noted that onion farmers get only 36 pc of consumers' spends, for tomato it stood at 33 per cent and for potato it was 37 per cent. «As vegetables are perishable commodities, private mandis may be increased to improve transparency in marketing of TOP vegetables,» the paper said, adding that the competition may also help improve the local-level agricultural produce market committee infrastructure. The research suggested that there is «a significant negative relationship» between monthly availability/availability to usage ratio and consumer price inflation of the three vegetables, while controlling for other factors like input costs, rainfall and wages.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

A journalist and copywriter with a decade's experience across music, video games, finance and tech.

Mega Dice ($DICE) debuted on the decentralized exchange (DEX) Raydium on Monday after raising over $1.9 million in its recently concluded presale.

The wild and exciting world of crypto is known for its heightened volatility. However, for a trader to make successful and profitable trades, this high intrinsic volatility must be leveraged in a timely fashion.

Reliance Power's board on Thursday approved raising $500 million (Rs 4,200 crore) through unsecured foreign currency convertible bonds (FCCBs), the company said in a regulatory filing. The FCCBs are to be issued to affiliates of Värde Investment Partners, LP, a leading Global Alternative Investment Firm.

United Refining Company and Red Apple Group Chairman & CEO John Catsimitidis discusses Biden's non-intervention in the port strikes and explains how it will spike inflation and raise food and oil prices.

Is Solana (SOL) poised to reach the $300 mark? If you’ve observed this famous blockchain, you may have already experienced the hype that surrounds it. But is it a crypto with promising ROIs?

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

How many alcoholic drinks do you have in a week? That question was posed to Canadians in a survey and most of them said they had no drinks at all, a new Statistics Canada report shows.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

PI Industries Ltd. traded 0.02 per cent up at Rs 4733.0 at 10:40AM (IST) on Thursday, even as BSE benchmark Sensex dropped 910.81 points to 83355.48. The stock had settled at Rs 4731.8 in the previous session. The stock quoted a 52-week high price of Rs 4801.4 and 52-week low of Rs 3060.0, respectively. As per BSE data, total traded volume on the counter till 10:40AM (IST) stood at 3535 shares with a turnover of Rs 1.67 crore.

Coforge Ltd.(up 1.11 per cent) and LTIMindtree Ltd.(up 0.02 per cent) were among the top gainers.