Trade Financial News

Suzlon Energy fell by 4% to their day’s low of Rs 76.35 on the BSE after the company informed that it has received ‘advisory cum warning letters’ from NSE and BSE about the resignation of an Independent Director, who had raised corporate governance issues The warning letters by the stock exchanges to the renewable energy company are about the disclosure submitted by the company on June 8 concerning the resignation of Marc Desaedeleer as Independent Director.

SRF Ltd. dropped 0.04 per cent to Rs 2481.6 at 10:34AM (IST) in Thursday's trade. The scrip hit a high of Rs 2498.9 and low of Rs 2433.0 so far during the session. The stock had closed at Rs 2482.65 in the previous session. The counter had a total traded volume of 10:34AM shares so far with a turnover of Rs 1.22 crore on BSE. The stock traded at a price-to-earnings multiple of 59.78 and a price-to-book ratio of 6.63.

Granules India Ltd.(up 2.72 per cent), Aurobindo Pharma Ltd.(up 1.17 per cent), Divi's Laboratories Ltd.(up 0.67 per cent), Sanofi India Ltd.(up 0.54 per cent) and Dr. Reddy's Laboratories Ltd.(up 0.51 per cent) were among the top gainers.

Officials say Malaysia’s prime minister has arrived in Pakistan’s capital on his first official visit which is aimed at strengthening ties between the two countries

Zomato is set to spill over onto Dalal Street, with both companies likely competing to capture investor interest. With a market share of around 58% in the food delivery business and 40-45% in quick commerce, Zomato is currently the market leader in both segments. However, the competitive landscape could shift once Swiggy hits the public market and improves its performance under heightened scrutiny.

Eicher Motors shares will be in the spotlight on Thursday after its motorcycle division, Royal Enfield, reported an 11% year-on-year (YoY) increase in total sales to 86,978 units for September, compared to 78,580 units in the same month last year. In the domestic market, dispatches increased 7% YoY to 79,326 units from 74,261 units in the year-ago period, Royal Enfield said in a statement. Meanwhile, exports rose to 7,652 units last month, up from 4,319 units in September last year, marking a 77% YoY increase.

Federal Reserve Chair Jerome Powell said the bigger-than-expected reduction was a sign of confidence that inflation is headed back to the 2% target and should not be seen as any indication of the pace of cuts going forward. Here is a look at the latest comments from Fed policymakers, sorting them under the labels «dove» and «hawk» as a rough shorthand for their monetary policy leanings, as best as can be figured. A dove is more focused on risks to the labor market and may want to cut rates more quickly, while a hawk is more focused on the threat of inflation and may be more cautious about rate cuts.

Varun Saboo, Head, Equities, Anand Rathi, says the entire realty space has also entered into a very strong and sharp bull run. There is a clear shift from individual residential buildings to large complexes, etc, where there is very little inventory and thus pricing will keep moving higher and it will take a number of years for this to get corrected and that is where the strength lies. Real estate is going to remain a very strong flavour and it is not going to change anytime soon. What about infra and L&T in particular? Varun Saboo: Undoubtedly, in infra, L&T is the best name, the bellwether name that we have and in terms of the hope that there the private capex cycle will also pick up. I see L&T to be a key beneficiary there as well.

inflation to its 2% target may take longer than expected to complete and limit how far interest rates can be cut, Richmond Federal Reserve President Thomas Barkin said on Wednesday. In an interview with Reuters, Barkin said he supported the half-percentage-point rate cut the Fed approved last month and agreed the benchmark rate could fall perhaps by another half a percentage point by the end of this year to take account of how far inflation has declined.

Angel One will be in focus after the market regulator Sebi announced a series of steps to curb derivatives trading, which have an impact on the volumes in the segment. Derivatives segment contributes a significant portion to the overall revenue for brokers given the massive surge in this segment in the recent past.

Reliance Power and Reliance Infrastructure will be in focus on Thursday as the Anil Ambani-run group announced that it will develop solar and hydroelectric power projects in Bhutan. The conglomerate said that will partner with Druk Holding and Investments Ltd. (DHI), the commercial and investment arm of the Royal Government of Bhutan, to jointly develop 500 MW of Solar and 770 MW of Hydropower projects in Bhutan.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says for those stocks which are not going to have the higher amount of growth rate attached to it, the valuations will probably get moderated. There may not always be a price correction, but a possibility of time correction is there and Choksey would like to play safe. At this point of time, some of the largecap companies within the Nifty 50, Nifty 100 basket, remain relatively more solid, more sure about the growth prospects going forward. Some of the large cap companies within the Nifty 50, Nifty 100 basket, remain relatively more solid, more sure about the growth prospects going forward. What is the outlook when it comes to the broader markets versus the frontliners because as per the historical data, it seems like the broader markets are likely to take a leap ahead as compared to the frontliners for the month of October. Do you reckon it will be the case this time as well? Deven Choksey: I believe that the valuations are going to be the driving factor year after. Whenever you find stretch valuations in the broader market, be it in the midcap or a smallcap either, I guess the market would not be very easy to accept that premium valuation.

Subscribe to enjoy similar stories. For equity investors optimistic about the mutual fund industry's prospects but uncertain which asset management company (AMC) to back, indirect plays like registrar and transfer agents (RTA) offer a viable alternative. A case in point is industry leader Computer Age Management Services Ltd (CAMS), whose shares have surged 80% over the past year.

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...

Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

forced labour from China's far-west region of Xinjiang. The action broadens the scope of the US effort to counter products from entering the country that the government says are tied to human rights abuses. The additions to the entity list under the Uyghur Forced Labour Prevention Act marks the first time a China-based steel company or aspartame sweetener business have been targeted by US law enforcement, DHS said. «Today's actions reaffirm our commitment to eliminating forced labour from US supply chains and upholding our values of human rights for all,» said Robert Silvers, undersecretary of Homeland Security for policy. «No sector is off-limits. We will continue to identify entities across industries and hold accountable those who seek to profit from exploitation and abuse.»

Low interest financing, sweet lease deals and free charging boosted Tesla’s global deliveries in the third quarter, the first increase this year for the electric vehicle maker

U.S. stocks are drifting near their record levels

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...

Exchange-traded funds overseas that track Chinese stocks continued their stimulus-triggered rally Wednesday even as mainland markets were shut for a week-long holiday.

Subscribe to enjoy similar stories. India could brace for trade and stock market shocks, costlier crude and shipping, fewer jobs for Indians in West Asia and a drag on growth momentum, experts said, as Iran’s direct attack on Israel and the latter’s missile strikes on neighbouring Lebanon spark fears of an all-out conflict. A vulnerable point for the Indian economy, which imports nearly 85% of its crude oil requirement, is energy security, but experts remained optimistic about global powers stepping in to contain the crisis and limit damage to trade and economy.