Trade Financial News

Indian stock exchange operator BSE Ltd. has told bankers to increase their oversight of the initial public offering applications of small companies, after the exchange found discrepancies in the filing documents of some recent deals, according to people familiar with the matter. Sundararaman Ramamurthy, the BSE’s chief executive, told bankers on Tuesday to ensure IPO hopefuls aren’t inflating their numbers, the people said, requesting not to be named because they aren’t authorized to talk about the meeting. He also asked them to put more effort into assessing potential listing candidates in-person, including by visiting the companies’ premises, they said.

Members of Britain’s governing Labour Party have dealt Prime Minister Keir Starmer a blow by rejecting his decision to cut a payment that offsets winter heating costs for millions of retirees

Promoters continue to cash in on the market rally, with those of about 180 companies selling stock worth more than ₹40,000 crore through open market transactions in the September quarter so far, indicating that valuations are rich enough for owners to lock in gains on part of their equity holdings. For the year to date, the value of shares sold by promoters via secondary market has already crossed ₹1 lakh crore. That's more than twice in all of 2023, when the amount stood at ₹48,000 crore. In 2022 and 2021, the numbers were ₹25,400 crore and ₹54,500 crore, respectively.

equity indices closed at all-time high levels on Wednesday, as a late spurt helped the Sensex close above 85,000 and the Nifty above 26,000 for the first time. Analysts warn traders of some hurdles for these indices immediately but do not anticipate a sharp sell-off. The broader market indices, however, ended weak. Nifty gained 0.3% or 63.75 points to close at 26,004.15, while Sensex advanced 0.3% or 255.83 points to close at 85,169.87.

Gold prices steadied on Thursday after hitting a record high on the previous session, aided by the expectations for another big rate cut by the U.S. Federal Reserve, while traders await Federal Reserve Chair Jerome Powell's comments for further hints on the policy outlook.

«Markets made a new all-time high for the sixth consecutive session supported by positive global cues and strong domestic flows. We expect the Nifty to continue its upwards journey, amid monthly derivative expiry on Thursday which may induce some volatility,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Oil prices were little changed on Thursday after falling in the previous session as signs of higher fuel demand and falling stockpiles in the U.S., the world's biggest oil user, offset concerns over demand elsewhere, particularly in China. Brent crude futures were up 9 cents, or 0.12%, to $73.55 a barrel, while U.S. West Texas Intermediate crude rose 4 cents, or 0.06%, to $69.73 per barrel as of 0058 GMT.

The three main indexes were positioned for monthly gains after the Federal Reserve's rate cut on Sept. 18 bolstered hopes for a soft landing. However, a weak consumer sentiment report on Tuesday raised concerns about the health of the labor market.

Discount brokers are increasingly getting into margin trade funding as they look to diversify revenue channels at a time when their core revenue-generating business of futures and options trading has come under regulatory scrutiny. Margin trade funding (MTF) – where brokers lend money to traders to buy more shares and earn interest income while keeping the financed shares as collateral – is dominated by bank-backed stockbrokers such as ICICI Securities and Kotak Securities. Bengaluru-based Zerodha, the country’s second largest stockbroker, is working to launch the product soon while rival Groww has recently gone live with this feature. Fyers is working on the beta testing stage but wants to grow this book “very carefully” even as early movers Mstock, Angel One and 5Paisa are generating significant revenue by growing their MTF books.

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...

The Asian Development Bank says it expects developing economies in the region to grow at a 5% annual pace this year, up slightly from its earlier estimate of 4.9% growth

The rush for gold just keeps coming

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.

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...

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...

Chinese economy is already on the brink of a major crisis, with major recession fears building up towards the end of the year. Moreover, it was real estate till now, that was a major recession indicator, with housing or property loan drastically dropping down from the bank's assets, but this time the nation's baking sector is also in a big fix, and needs a resolve at the earliest or else there is no saying how badly it could impact the country's economy.

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With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.