Trade Financial News

Siemens Ltd. gained 1.23 per cent to Rs 6967.75 at 10:05AM (IST) in Monday's trade. The counter hit a high of Rs 7045.0 and low of Rs 6760.65 so far during the session. The stock had closed at Rs 6882.85 in the previous session. The counter had a total traded volume of 10:05AM shares so far with a turnover of Rs 8.52 crore on BSE. The stock traded at a price-to-earnings multiple of 98.56 and a price-to-book ratio of 9.99.

Bohra Industries Ltd.(up 4.98%), Coromandel International Ltd.(up 3.09%), Khaitan Chemicals & Fertilizers Ltd.(up 2.63%), Paradeep Phosphates Ltd.(up 2.38%), Mangalore Chemicals & Fertilizers Ltd.(up 1.83%), Chambal Fertilisers & Chemicals Ltd.(up 1.08%), Rama Phosphates Ltd.(up 1.07%), The Fertilisers and Chemicals Travancore Ltd.(up 1.02%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 1.00%) and Madras Fertilizers Ltd.(up 0.32%) were among the top gainers.

SRF Ltd. traded 0.02 per cent down in Monday's trade at 10:35AM (IST). Around 3,594 shares changed hands on the counter. The stock opened at Rs 2555.0 and touched an intraday high and low of Rs 2581.0 and Rs 2527.65, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2697.45 and a 52-week low of Rs 2081.25.

Havells India Ltd. gained 0.12 per cent to Rs 1801.8 in Monday's trade as of 10:30AM (IST). It hit a high of Rs 1821.0 and low of Rs 1786.15 during the session. The stock quoted a 52-week high price of Rs 1986.55 and a low of Rs 1233.1. The return on equity for the stock stood at 17.07 per cent. About 3,502 shares have changed hands on the counter so far.

On the BSE, Danlaw Technologies(down 19.29 per cent), Pacific Ind(down 16.95 per cent), Coffee Day Ent(down 16.57 per cent), Anuh Pharma(down 12.09 per cent) and Ambika Cotton(down 10.62 per cent) were among the stocks that plunged over 5 per cent during the session.

Ashok Leyland Ltd. traded 0.51 per cent down at Rs 251.85 at 10:40AM (IST) on Monday, even as BSE benchmark Sensex dropped 114.5 points to 79591.41. The stock had closed at Rs 253.15 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 258.95 and Rs 157.65, respectively.

Tata Motors Ltd.(up 0.92 per cent), Tata Motors Ltd.(up 0.89 per cent), Maruti Suzuki India Ltd.(up 0.44 per cent) and Apollo Tyres Ltd.(up 0.19 per cent) were among the top gainers.

On Friday, gold and silver settled on a mixed note in the domestic and international markets. Gold October futures contract settled at Rs 69,895 per 10 grams with a gain of 0.27% while silver September futures contract settled at Rs 80,543 per kilogram with a loss of 0.09%.

Avenue Supermarts Ltd. traded at Rs 5004.0 on BSE at 10:25AM (IST) on Monday, up 0.31 per cent. The stock quoted a 52-week low price of Rs 3493.05 and a high of Rs 5220.0. Earlier in the day, the stock saw a gap up opening.

Voltas Ltd. traded 7.18 per cent up in Monday's trade at 10:00AM (IST). Around 120,193 shares changed hands on the counter. The counter opened at Rs 1502.9 and touched an intraday high and low of Rs 1563.0 and Rs 1465.8, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1563.0 and a 52-week low of Rs 794.15.

The BSE Sensex was down by 294 points, or 0.37%, trading at 79,411, while the Nifty50 dropped 85 points, or 0.35%, to 24,282 around 9:18 am.

Domestic benchmark index NSE Nifty fell 129.66 points to 24237.85, while the BSE Sensex traded 407.19 points down at 79298.72.

said central banks bought over 290 tonnes of gold in the first quarter of calendar 2024–that’s the highest on record. The history of the financial markets shows that any spectacular fall in asset prices triggers a cascading effect on all asset prices. This is logical.

₹24,883 crore as of 8 August. He believes that valuations are high, and caution is needed. In the near to medium term, equities might produce slightly lower returns than their underlying fair values.

Key for the Federal Reserve will be U.S. consumer prices on Wednesday where economists look for rises of 0.2% in both the headline and core, with the annual core slowing a tick to 3.2%.

tax on stocks and mutual funds stays. It has been seven years since this tax was introduced and the only change has been the rate increase from 10% to 12.5% this year. This is now the uniform rate not just for stocks and equity funds, but for many other types of investments. However, this is where the similarity ends. For investors who want to earn long-term returns and build real wealth through equity-based assets, the tax structure means that significant attention needs to be paid to where they invest and when they buy and sell those investments. The single most important point to be noted is that it’s far more beneficial, from a tax point of view, to invest in mutual funds than stocks. While this has been true since February 2018, the hike in long-term capital gains tax in this year’s Budget has made it that much more important. In any case, even earlier, many investors did not appreciate this about taxation. I’ll recap the underlying principle. All equity portfolios need some buying or selling as individual stocks become more or less desirable. This is true even if you are good at choosing stocks and holding most of these for several years. Time goes by, circumstances change, companies and markets evolve, and the formerly good stocks have to be sold and something better bought. If you are investing in stocks yourself, these transactions will translate into tax liability.

gold ETFs and sovereign gold bonds, which track prices of physical gold, also crashed by 5-6%. Investors felt shortchanged as the worth of their investments eroded overnight. Have gold investors really been robbed of their gains by the government? The nine percentage point cut in the import duty on gold is acute.

Apart from global factors, expensive valuations, especially in the mid-cap and small-cap segments, and the tepid June quarter earnings performance of corporate India are contributing to the rising volatility. The TTM (trailing twelve months) PE of Nifty Midcap 100 and Nifty Smallcap 250 indices is trading at a premium of 28.5% and 35%, respectively, relative to their five-year average, according to the data compiled from Trendlyne. Research by Capitalmind Financial Services indicates a higher probability of correction in the BSE Smallcap 250 index if earnings don’t catch up. “The PE multiple of BSE Smallcap 250 has expanded by 63%, whereas EPS is flat at -3 %. This expansion is mostly due to the price increase. The continued flat trajectory in the earnings could escalate to a high probability of price correction,” states the study. The study is based on one-year data ending 11 July 2024.

IRFC, Vodafone Idea, Adani Enterprises, Honasa Consumer, Siemens, Jubilant FoodWorks among others will be in focus due to various news developments and first quarter results IRFC, Vodafone Idea, NMDC, Hudco, SJVN Voltas Shares of IRFC, Vodafone Idea, NMDC, Hudco, SJVN and Voltas will be in focus as the companies will announce their first quarter results today.

Domestic markets clocked losses for a second consecutive week following weak global cues. On Monday, markets will react to the latest allegations of Hindenburg, which dragged Sebi chief Buch into the Adani saga. «Going forward, we expect markets to consolidate at higher levels due to mixed global cues and absence of any major domestic triggers,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal

US stock market indices S&P 500, Dow Jones Industrial Average, and Nasdaq will look to shrug off volatility as investors are keeping eyes on inflation data, corporate earnings and presidential polls. Following months of placid trading, U.S. stock volatility has surged this month as a run of alarming data coincided with the unwinding of a massive, yen-fueled carry trade to deal equities their worst selloff of the year. The S&P 500 is still down around 6 per cent from a record high set last month, even after making up ground in a series of rallies after Monday’s crushing selloff.