Trade Financial News

PI Industries Ltd. fell 0.62 per cent to Rs 4400.0 in Friday's session as of 12:58PM (IST) even as the equity benchmark Sensex traded 64.05 points higher at 81117.24. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4581.8 and a 52-week low of Rs 3060.0 on NSE. Around 684 shares changed hands on the counter till 12:58PM (IST).

Tata Power Company Ltd. traded at Rs 419.05 on BSE at 12:47PM (IST) on Friday, down 0.89 per cent from previous close. The scrip quoted a 52-week low price of Rs 230.75 and a high of Rs 470.85.

Voltas Ltd. traded 0.02 per cent up in Friday's trade at 12:52PM (IST). Around 19,155 shares changed hands on the counter. The scrip opened at Rs 1677.2 and touched an intraday high and low of Rs 1693.9 and Rs 1670.25, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1693.9 and a 52-week low of Rs 806.9.

United Spirits Ltd. slipped 1.08 per cent to Rs 1433.9 in Friday's trade as of 11:52AM (IST). The stock hit a high price of Rs 1458.6 and low of Rs 1432.5 during the session. The return on equity (ROE) for the stock stood at 19.77 per cent. Traded volume on the counter stood at 11:52AM shares and turnover at Rs 0.61 crore around that time. The stock of United Spirits Ltd. quoted a 52-week high price of Rs 1480.0 and 52-week low prices of Rs 981.25, respectively.

Adani Power Ltd. traded 1.17 per cent higher in Friday's session at 10:15AM (IST). The stock opened at Rs 685.5 and has touched an intraday high and low of Rs 689.0 and Rs 679.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 896.75 and a 52-week low of 289.3. About 178,434 shares changed hands on the counter so far.

Bajaj Holdings & Investment Ltd. traded at Rs 9869.85 on BSE at 11:36AM (IST) on Friday, up 0.02 per cent from previous close. The stock quoted a 52-week low price of Rs 6634.6 and a high of Rs 10080.15.

Tube Investments of India Ltd. rose 0.84 per cent to Rs 4096.1 in Friday's trade. It hit an intraday high of Rs 4169.0 and low of Rs 4092.0, respectively, during the day. The stock quoted a 52-week high price of Rs 4666.0 and low of Rs 2752.3.

Shriram Finance Ltd. slipped 0.45 per cent to Rs 3128.15 in Friday's trade as of 11:46AM (IST). The stock hit a high price of Rs 3165.75 and low of Rs 3128.05 during the session. The return on equity (ROE) for the stock stood at 15.04 per cent. Traded volume on the counter stood at 11:46AM shares and turnover at Rs 0.82 crore around that time. The stock of Shriram Finance Ltd. quoted a 52-week high price of Rs 3189.0 and 52-week low prices of Rs 1760.9, respectively.

silver September futures contracts were trading at Rs 83,979/kg, up by 0.29% or Rs 243. Prices of gold have dipped by Rs 400/10 gm in the last 3 days while silver has fallen by Rs 750 per kilogram.

CDSL) surged 6% to a day's high of Rs 1,558.85 on the NSE after the stock began trading on a pre-bonus basis. The record date for the bonus issue was set for Saturday, August 24. Since Saturday is a market holiday, today serves as the ex-date for the bonus issue. Bonus shares will be issued to shareholders listed as of the record date. Under the T+1 framework, the record date and ex-date are usually the same unless a market holiday intervenes.

Bharat Electronics Ltd. traded 1.05 per cent up at Rs 307.75 on Friday at around 10:20AM (IST), while the benchmark BSE Sensex declined 60.72 points to 80992.47. As many as 667,458 shares changed hands on the counter with a total value of Rs 20.43 crore.

«The S&P is still above 5600, has rebounded almost every single thing that it has lost that day. So, I think the more that we get clarity on this type of data, then the more that we are going to see markets factor in more than 100 basis rate cuts by the end of the year,» says Nadia Elbilassy, Sr Market Analyst, Equiti Group. Now, dovish minutes really coming in from the Fed, decreased risks to inflation, labour markets are also at a better place is a sense that seems to be coming out. So, are the markets then factoring in one cut and what do you really make of the minutes? Nadia Elbilassy: Yes, markets are pricing in by 60% that we are going to see a 25 basis point rate cut in September and 30% 50 basis point. So, there is still a division, but it is definitely lower than the past few months, especially after the very weak NFP payrolls that we saw.

On the BSE, Olympic Cards(down 9.87 per cent), Saptak Chem(down 9.77 per cent), Ashram Online(down 9.16 per cent), FGP Ltd(down 9.03 per cent) and SAB Industries(down 7.37 per cent) were among the stocks that plunged over 5 per cent during the session.

Mawana Sugars Ltd.(up 4.02%), KCP Sugar & Industries Corporation Ltd.(up 2.27%), Simbhaoli Sugars Ltd.(up 1.99%), KM Sugar Mills Ltd.(up 1.62%), Rajshree Sugars & Chemicals Ltd.(up 1.27%), Triveni Engineering & Industries Ltd.(up 1.20%), Sakthi Sugars Ltd.(up 1.16%), EID Parry(India)Ltd.(up 1.09%), Bannari Amman Sugars Ltd.(up 1.01%) and Magadh Sugar & Energy Ltd.(up 1.00%) were among the top gainers.

InterGlobe Aviation Ltd. traded 1.73 per cent up at Rs 4559.95 at 10:10AM (IST) on Friday, even as BSE benchmark Sensex dropped 31.85 points to 81021.34. The scrip had closed at Rs 4482.1 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4610.0 and Rs 2334.95, respectively.

Intel's director Lip-Bu Tan, a semiconductor industry veteran brought in two years ago to help with the chipmaker's comeback effort, has stepped down from its board, the chipmaker disclosed in a filing on Thursday. Tan informed the company on Monday that he was resigning from the board effective immediately. The news of Tan's departure comes at a challenging time for Intel, which recently forecast third-quarter revenue below market estimates and announced plans to cut more than 15% of its workforce, approximately 17,500 employees, and suspend its dividend starting in the fourth quarter.

Intuit forecast fiscal 2025 revenue above Wall Street estimates on Thursday, banking on growing demand for its AI-driven financial management tools amid recent price increases. Intuit, known for products like TurboTax, Credit Karma, and QuickBooks, has benefited from growing demand for its AI-powered offerings, which provide personalized financial recommendations and automation of specific tasks such as bookkeeping. Shares of the Mountain View, California-based company initially gained more than 2% in extended trading, but later reversed course as investors digested a forecast for first-quarter revenue growth that came in below market expectations.

corporate bond funds in August 2024. These schemes invest at least 80% of their corpus in the papers of the highest-rated companies. This makes them relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy. You should pay attention to these two factors: safety and interest rates. Safety became a crucial factor for debt fund investors after a series of defaults and downgrades in the debt space almost three years ago. The shutting down of six schemes by Franklin Templeton Mutual Fund shook conservative investors in debt schemes. Though the environment is different now, you should still proceed cautiously.

The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was down 7 points, or 0.03%, trading at 24,803 around 9:19 am.

Stocks that were in focus include names like Paytm, which fell 3.14%, Nucleus Software, which declined 6.04%, and Aarti Drugs, whose shares jumped 6% on Thursday.

Japan's Nikkei share average rose in early trade on Friday, with pharma shares rallying for a second session, although gains were limited as tech stocks followed their U.S. peers lower. Japanese exporter-heavy equity markets also got some broad support from a weaker yen versus the dollar. However, the outlook for the currency pair looks murky, with investors watching Bank of Japan Governor Kazuo Ueda's testimony in parliament after last month's surprise rate hike.