Trade Financial News

The CSI 300 Index jumped 8.5% Monday, marking the most since 2008 as traders rushed to buy shares in the last session before a week-long holiday. The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% to enter a technical bull market. Its rally last week was the biggest in 16 years.

Ashok Leyland Ltd. fell 0.39 per cent to Rs 238.8 in Monday's trade as of 01:07PM (IST) even as the benchmark Nifty ruled at 25883.65, down 295.3 points. The scrip had closed at Rs 239.75 in the previous session. The stock quoted a 52-week low of Rs 157.65 and a high of Rs 264.7. The company quoted a market-cap of Rs 70121.88 crore on the BSE.

ICICI Lombard General Insurance Company Ltd. rose 1.14 per cent to Rs 2211.05 in Monday's trade. It hit an intraday high of Rs 2238.7 and low of Rs 2189.35, respectively, during the day. The stock quoted a 52-week high price of Rs 2285.85 and low of Rs 1266.0.

Lupin Ltd. dropped 0.96 per cent to Rs 2200.05 at 12:48PM (IST) in Monday's trade. The scrip has hit a high of Rs 2217.7 and low of Rs 2171.25 so far during the session. The stock had closed at Rs 2221.5 in the previous session. The counter has had a total traded volume of 26947 shares so far with a value of Rs 5.91 crore on the NSE. It traded at a price-to-earnings multiple of 44.33 and a price-to-book ratio of 5.16.

Siemens Ltd. dropped 0.01 per cent to Rs 7299.1 at 12:57PM (IST) in Monday's trade. The scrip has hit a high of Rs 7310.0 and low of Rs 7188.4 so far during the session. The stock had closed at Rs 7300.0 in the previous session. The counter has had a total traded volume of 6254 shares so far with a value of Rs 4.52 crore on the NSE. It traded at a price-to-earnings multiple of 105.33 and a price-to-book ratio of 9.99.

MphasiS Ltd. slipped 2.13 per cent to Rs 3015.35 in Monday's trade as of 01:03PM (IST). The stock hit a high price of Rs 3099.0 and low of Rs 3013.5 during the session.

«So, from today onwards 26,500 is an important mark which was a high for Friday. Post that gap up, we have filled that gap and we are still continuing with the downside. So, I believe now 26,400, 26,500 is an important resistance point on Nifty Futures,» says Aditya Arora, Adlytick. First of all, help us with your take on the benchmark indices because believe that you were not holding that positive stance on the markets. Given the fall, help us understand how do you see the markets moving ahead? Are we in for some more correction or the markets can find some ground here? Aditya Arora: Look, today tables have turned and it is an important pivot point because since last 20-30 days midcaps and smallcaps were underperforming and largecaps were outperforming. Today it is an important reversal day wherein largecaps are underperforming. Look at Reliance Industries, it has given up all the gains which it had made on Friday, so that is important and look at other IT majors also, they are also underperforming.

Punjab National Bank traded at Rs 108.25 on BSE at 12:37PM (IST) on Monday, down 0.91 per cent from previous close. The scrip quoted a 52-week low price of Rs 67.34 and a high of Rs 142.9.

«Wherever anybody invested, one has made money. Not only that, last three-four years, I do not think at any point in the last three-four years, we have not had this discussion that market looks expensive,» says Dhirendra Kumar, CEO, Value Research. There is a time when you buy equities, you would be disproportionately rewarded. But there are times when you invest into equities, your future returns will get compromised. Are we in that phase for next three years where every equity investor now needs to take a hard look at their asset allocation toward equities and say, okay, it has been good last two or three years, it is time for me to check my equity allocation. Maybe 15, if not 15, at least 10% should be moved into fixed income instruments. Dhirendra Kumar: It does depend on how experienced that investor is. If that investor came three years ago, it would be very difficult for anybody to persuade him to move to fixed income because he has just been used to a different kind of market.

Crompton Greaves Consumer Electricals Ltd. traded 0.84 per cent down in Monday's trade at 12:26PM (IST). Around 23,797 shares changed hands on the counter. The scrip opened at Rs 424.8 and touched an intraday high and low of Rs 426.0 and Rs 418.45, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 483.65 and a 52-week low of Rs 262.1.

ACC Ltd. traded 1.88 per cent up in Monday's trade at 10:19AM (IST). Around 10,786 shares changed hands on the counter. The counter opened at Rs 2490.2 and touched an intraday high and low of Rs 2531.0 and Rs 2470.0, respectively, in the session so far. The stock of ACC Ltd. quoted a 52-week high of Rs 2843.0 and a 52-week low of Rs 1803.8.

LTIMindtree Ltd.(up 1.42 per cent), Coforge Ltd.(up 0.77 per cent), HCL Technologies Ltd.(up 0.49 per cent), Persistent Systems Ltd.(up 0.46 per cent) and Wipro Ltd.(up 0.03 per cent) were among the top gainers.

Uzbekistan & Turkmenistan express interest to join International North South Transport Corridor (INSTC) to trade with India as the viable route to the Indian Ocean Region ahead of the BRICS Summit in Kazan that would among other matters lay emphasis on inclusive connectivity corridors. Uzbekistan in particular is keen to harness the full potential of INSTC as well as the Chabahar Port in the backdrop of the Bilateral Investment Treaty (BIT) signed in Tashkent on Friday during the visit of Finance Minister Nirmala Sitharaman. Uzbekistan has sent its first cargo to India via INSTC recently. “The BIT between India and Uzbekistan assures appropriate protection to Uzbekistan investors in India and Indian investors in Uzbekistan, in light of relevant international precedents and practices. It will increase the comfort level and boost the confidence of investors by assuring a minimum standard of treatment and non-discrimination, while providing for an independent forum for dispute settlement through arbitration,” according to a statement issued by the Indian government.

Oberoi Realty Ltd.(up 0.91 per cent) and Mahindra Lifespace Developers Ltd.(up 0.32 per cent) were among the top gainers.

Vedanta Ltd. traded 1.16 per cent up at Rs 518.8 at around 10:24AM (IST) on Monday. The stock had closed at Rs 512.85 in the previous session. Equity benchmark Sensex traded 690.52 points lower at 84881.33 around the same time.

LT Foods Ltd.(up 2.23%), Colgate-Palmolive(India)Ltd.(up 2.14%), Future Consumer Ltd.(up 1.73%), Heritage Foods Ltd.(up 1.33%), Hatsun Agro Products Ltd.(up 1.13%), Marico Ltd.(up 1.05%), Nakoda Group Of Industries Ltd.(up 0.98%), Britannia Industries Ltd.(up 0.85%), Procter & Gamble Hygiene & Healthcare Ltd.(up 0.79%) and Tata Consumer Products Ltd.(up 0.74%) were among the top gainers.

silver December futures contracts were trading at Rs 91,569/kg, up by 0.19% or Rs 171. On Friday, gold and silver settled on a weaker note in the domestic as well as the international markets. Gold December futures contract settled at Rs 75,718 per 10 grams with a loss of 0.70% and silver December futures contract settled at Rs 91,398 per kilogram with a loss of 1.37%.

Subscribe to enjoy similar stories. The India-Middle East-Europe Economic Corridor (IMEC), announced at the G20 Summit last September, is rarely mentioned in the context of war.

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