Trade Financial News

The price of Syscoin ($SYS) doubled briefly yesterday on the news that Binance has introduced futures trading for the token.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Anwar Ibrahim, who is on a state visit to India, stated on Tuesday that India has to grapple with some 'serious issues' concerning minorities and religious sentiments but it continues to play its rightful role. Ibrahim said, «I will not deny the fact that you also have to grapple with some serious issues affecting minorities or religious sentiments. But our hope is that India continues to play its role, rightful role because I mentioned to Prime Minister Modi, that these were the years when Nehru and Zhou Enlai and Sukarno and Nyerere were there standing up for the global south against colonialism and imperialism and to struggle to ensure that we recognize what humanity is about, what freedom is all about, and what dignity of men and women.» The Malaysian PM, who met with Prime Minister Modi earlier in the day, praised India, noting its remarkable intellectual and historical figures. «India has produced outstanding intellects such as Sri Aurobindo and leaders like Gandhi Ji, who played a unique role in the struggle for freedom, justice, and humanity,» he said. «You have intellectual giants who became leaders in their own countries, such as Jawaharlal Nehru and Mohammed Ali Jinnah. India has produced great sages and leaders and is regarded by many of us as a beacon of hope and democracy in the region.

The NSE Nifty 50 index climbed 0.51% to 24,698, while the S&P BSE Sensex gained 0.47% to close at 80,802.

Tata Steel UK's decarbonisation process with the release of an initial GBP 13.5 million of funding, also available to affected workers for them to retrain or acquire new skills for the employment market. In a statement from the Wales Office on Monday, the government said the funding from the Tata Steel/Port Talbot Transition Board fund will support local businesses which are heavily reliant on Tata Steel as their primary customer, allowing them to turn towards new markets and customers where necessary. At a meeting last week, the board discussed how the funding will be allocated, monitored and evaluated to ensure «value for the taxpayer». «This funding is an important step towards supporting workers affected by Tata Steel's transition and businesses in the wider supply chain,» said Jonathan Reynolds, UK Business and Trade Secretary.

IPO) of Orient Technologies will open for subscription on Wednesday. Ahead of the issue opening, the company's shares are commanding a healthy GMP of Rs 55. The company has priced the IPO in the range of Rs 195-206 apiece, and if we consider the upper price band, the shares are trading with a premium of 27% to the issue price.

iPhone 15 is available on Walmart-owned Flipkart for ₹64,999, a substantial reduction from Apple's official price of ₹79,600. This represents a direct discount of ₹14,601, with no special conditions attached—a rare and noteworthy deal on a device that was Apple's flagship just a year ago.In addition to this flat discount, the e-commerce giant offers an exchange deal that could knock up to ₹42,100 off the price, depending on the usage and condition of the phone being traded in.

On the BSE, Diggi Multitrade(down 13.25 per cent), Samrat Forgings(down 10.47 per cent), Transpact Enterprise(down 9.53 per cent), Olympic Cards(down 9.33 per cent) and Gravita India(down 9.32 per cent) stood among the top losers in today's trade.

Shares of Apollo Tyres Ltd.(up 3.33 per cent), Samvardhana Motherson International Ltd.(up 1.82 per cent), Eicher Motors Ltd.(up 1.46 per cent), Bosch Ltd.(up 1.42 per cent) and Balkrishna Industries Ltd.(up 1.41 per cent) ended the day as top gainers in the pack.

Nifty ended Tuesday’s trading session with a gain of 126 points to end near the 24,700 level and form a small positive candle with minor upper shadow on the daily chart. The underlying trend of Nifty remains positive. A sustainable move above the hurdle of 24,700 levels could open the next upside target of 25,000-25,100 in the near term. Immediate support is at 24,500 levels, said Nagaraj Shetti of HDFC Securities.

Gold prices saw the sharpest gain in the past one month and rallied by Rs 1,400 to touch Rs 74,150 per 10 grams in the local market on Tuesday, amid strong global cues. The precious metal had closed at Rs 72,750 per 10 grams in the previous session on Friday. Silver price also climbed by Rs 3,150 to Rs 87,150 per kilogram from Rs 84,000 per kg in the previous close.

PVR Inox’s stock has gained 5% in the past three trading sessions following the success of Stree 2 and on account of factors such as strong line-up of films in the coming months and timely expansion of capacity in the southern region. The stock of the country’s largest multiplex company is on a roll after Stree 2, released on August 15, garnered over Rs 229 crore at the box office on a budget of Rs 50 crore, making it a super hit movie of the otherwise dull monsoon season. Another major success, which has surprised the trade circuit, is the English film Deadpool & Wolverine. The film collected Rs 131 crore at the box office in India.

However, the promoter group has expressed its «strong intention to continue as the majority shareholder block of the company».

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Benchmark NSE Nifty closed 126.2 points up at 24698.85 amid buying in frontline bluechip counters.

Domestic benchmark index NSE Nifty ended 126.2 points up at 24698.85, while the BSE Sensex closed 378.18 points up at 80802.86.

Vedanta Ltd. rose 0.61 per cent to Rs 445.25 in Tuesday's trade as of 01:14PM (IST) even as the benchmark Nifty ruled at 24721.85, up 149.2 points. The scrip had closed at Rs 442.55 in the previous session. The stock quoted a 52-week low of Rs 207.85 and a high of Rs 506.85. The company quoted a market-cap of Rs 174012.27 crore on the BSE.

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«The next resistance for the Bank Nifty is at 51,900 to 52,000. So, I feel that market should do well. Bank Nifty should lead from here and at least I am expecting 1000-point rally in next three to four sessions in the Bank Nifty,» says Vinay Rajani, HDFC Securities. Firstly, if you look at the markets, it is 140 points up today, 24,700. We have also claimed the 2nd August highs that we had seen. So, how are you looking at the Nifty trajectory from here on? Vinay Rajani: So, basically, for the last four trading sessions Nifty has been rising and the all-time high for the Nifty was placed at 25,078, which was registered on 1st August and from that level we witnessed a correction and that correction went up to 23,900 odd level. If we were to take the 61.8%, which is the Fibonacci retracement level, Nifty has managed to close, it has surpassed that level, 24,625 was the level precisely, that retracement level that has been taken out. We have also taken out the crucial gap resistance, which was there around 24,686. So, now it is trading above that.

India and Malaysia on Tuesday decided to elevate their ties to the level of comprehensive strategic partnership following talks between Prime Minister Narendra Modi and his Malaysian counterpart Anwar Ibrahim. The two sides inked a number of pacts, including one on employment and repatriation of workers and another on boosting cooperation in the area of digital technologies. Ibrahim began his three-day visit to India on Monday night. It is his first visit to India as prime minister. The larger focus of the Modi-Ibrahim talks was to expand trade and investment and explore cooperation in new and emerging areas.

Bharat Electronics Ltd. gained 0.13 per cent to Rs 302.4 in Tuesday's trade. It hit a high of Rs 303.15 and low of Rs 297.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 225.42, while the 50-DMA was at Rs 308.5. 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.