Trade Financial News

Bharti Hexacom surged 13% on the NSE on Friday to hit a fresh 52-week high of Rs 1,453.95 after US brokerage Jefferies upgraded the stock's rating to 'Buy' from an earlier 'Hold' view while raising its price target to Rs 1,600 from Rs 1,260. Meanwhile, Citi also initiated a buy on the counter with a price target of Rs 1,405. Jefferies in a note dubbed the Bharti Airtel promoted company as the 'best play' on tariff hikes.

dollar fell to its lowest level this year against the Japanese yen on Friday after media reports reignited the debate about an outsized Federal Reserve rate cut next week. The U.S. currency fell more than 0.8% to 140.645 yen, the lowest since late December, and last traded 0.7% lower at 140.8. The euro, pound and Swiss franc made gains against the dollar.

Avenix Fzco, a financial technology company based in Dubai, United Arab Emirates, has introduced its newest forex robot, FXProBot. This automated trading software is designed for use with MetaTrader 4 platforms and aims to enhance the forex trading experience through advanced algorithms and risk management features.

Lupin Ltd. gained 0.45 per cent to Rs 2257.0 in Friday's trade as of 11:46AM (IST). The stock hit a high price of Rs 2277.3 and low of Rs 2257.0 during the session.

Sebi) Chief Madhabi Puri Buch stated on Friday that she had complied with all disclosure and recusal guidelines issued by the regulator. In a personal statement, the head of India's market regulator declared that all allegations against her were completely false, malicious, and derogatory.

<a href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. gained 0.7 per cent to Rs 5520.0 in Friday's trade. It hit a high of Rs 5520.0 and low of Rs 5378.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 4115.54, while the 50-DMA was at Rs 4852.95. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Max Healthcare Institute Ltd. traded 0.44 per cent up at Rs 916.65 at around 01:58PM (IST) on Friday. The stock had closed at Rs 912.6 in the previous session. Equity benchmark Sensex traded 33.43 points lower at 82929.28 around the same time.

LTIMindtree Ltd. gained 0.48 per cent to Rs 6423.1 in Friday's session as of 01:38PM (IST) even as the equity benchmark Sensex traded 88.8 points lower at 82873.91. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 6442.65 and a 52-week low of Rs 4518.35 on NSE. Around 4630 shares changed hands on the counter till 01:38PM (IST).

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«The only thing under your control as an investor is your asset allocation, your financial goals and your ability to manage your risk. What the market will do is outside your control, it is outside your knowledge, it is in the realm of unknown,» says Vetri Subramaniam, CIO, UTI AMC. The party continues and I have been told that the new definition of party is that it continues till the sunrise if you are in India and if you are in Goa. So, looks like the party which started three years ago will extend itself. Vetri Subramaniam: Well, bull markets have a way of continuing, but they also have a way of ending abruptly. So, you do not want to be the last one to leave the party.

Adani Power Ltd. traded 2.1 per cent up at Rs 637.65 at around 01:53PM (IST) on Friday. The stock had closed at Rs 651.35 in the previous session. Equity benchmark Sensex traded 29.36 points lower at 82933.35 around the same time.

Padmar ilish’ (hilsa from the Padma River) during Durga Puja this year. The interim government in Bangladesh has decided not to continue its hilsa export to India, prioritising domestic demand. The Fish Importers’ Association in Kolkata had requested the Bangladesh government to allow the continuation of hilsa exports as per the usual practice. Since 2019, under the leadership of the now-deposed Prime Minister Sheikh Hasina, Bangladesh had been exporting over 1,000 tonnes of hilsa to India in the month leading up to Durga Puja. On August 9, the association wrote to Bangladesh government adviser Touhid Hossain, asking to permit limited hilsa trade. However, Farida Akhtar, an adviser to Bangladesh's fish and animal resource ministry, has refused the request, citing rising domestic demand. Reports from Dhaka indicate that Akhtar has instructed the commerce ministry to ensure no hilsa exports this year.

Sovereign Green Bonds (SGrB) through the International Financial Services Centre (IFSC) was announced by the Reserve Bank of India (RBI) on August 29, 2024. IFSC is located in GIFTY city in Gandhinagar, Gujarat. Non-resident Indians (NRIs) wishing to invest in long-term Indian government bonds can now do so through the IFSC route in SGrB. Read below to find out if SGrBs are worth investing in for NRIs and what their advantages and disadvantages are, including the tax implications.

Bharat Forge Ltd. traded 1.06 per cent up at Rs 1607.8 on Friday at around 11:51AM (IST), while the benchmark BSE Sensex declined 34.31 points to 82928.4. As many as 6,575 shares changed hands on the counter with a total value of Rs 1.05 crore.

PI Industries Ltd. traded 0.1 per cent up in Friday's trade at 11:56AM (IST). Around 1,361 shares changed hands on the counter. The stock opened at Rs 4662.95 and touched an intraday high and low of Rs 4686.75 and Rs 4637.1, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 4748.25 and a 52-week low of Rs 3060.0.

equity valuations from lower interest rates. Following the 2001 rate cuts, the Nifty fell by 35% over a one-year period. In the 2007-08 cycle, it initially gained 30% but later plunged by 60%. After the 2019 rate cuts, Nifty returns were flat, ranging between 0% and 5%, according to a note by Nuvama Institutional Equities.

Ashok Leyland Ltd. slipped 0.2 per cent to Rs 245.5 in Friday's trade as of 12:12PM (IST). The stock hit a high price of Rs 248.45 and low of Rs 245.25 during the session.

Havells India Ltd. traded at Rs 1993.6 on BSE at 10:56AM (IST) on Friday, down 0.11 per cent from previous close. The stock quoted a 52-week low price of Rs 1233.1 and a high of Rs 2023.4.

GAIL (India) Ltd. traded 0.02 per cent higher in Friday's session at 12:06PM (IST). The stock opened at Rs 220.4 and has touched an intraday high and low of Rs 221.75 and Rs 219.9, respectively, during the session so far. The stock quoted a 52-week high of Rs 246.35 and a 52-week low of 116.2. About 77,272 shares changed hands on the counter so far.

HDFC Asset Management Company Ltd. gained 0.29 per cent to Rs 4401.0 at 11:41AM (IST) in Friday's trade. The scrip has hit a high of Rs 4449.0 and low of Rs 4385.1 so far during the session. The stock had closed at Rs 4387.9 in the previous session. The counter has had a total traded volume of 3943 shares so far with a value of Rs 1.74 crore on the NSE. It traded at a price-to-earnings multiple of 45.45 and a price-to-book ratio of 11.32.