Trade Financial News
09.08 / 15:54
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What are the best TAMPs for RIAs?
If you’re going independent, you might prefer to take a hands-on approach and do everything in-house when it comes to managing client assets. After all, that’s part of the reason why you went independent in the first place.
09.08 / 15:22
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Coin Growth Review – Scam or Legitimate Crypto Trading Platform
Prateek Arora is a content specialist from West Delhi with a passion for crafting compelling narratives. He has a knack for deciphering and communicating complex crypto concepts to readers all around...
09.08 / 14:57
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Bitcoin
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Bitcoin.com Launches White-Label Web3 Game from Playnance
Bitcoin.com, a pioneer in the cryptocurrency space, has introduced a new plug-and-play game developed by Playnance, a leader in GameFi ecosystems and white-label solutions. This new offering allows players to predict Bitcoin price movements and earn rewards, providing a seamless introduction to crypto trading. Here’s why Bitcoin.com is embracing this game and what it means for the industry.
09.08 / 14:02
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The new AI deal: buy everything but the company
Google. They said the tech giant moved too slowly. So they created Character.AI, a chatbot startup, and raised nearly $200 million. Last week, Shazeer and De Freitas announced that they were returning to Google. They had struck a deal to rejoin its AI research arm, along with roughly 20% of Character.AI's employees, and provide their startup's technology, they said. But even though Google was getting all that, it was not buying Character.AI.
09.08 / 13:54
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AI Chain Trader – Scam or Legitimate Crypto Trading Platform
Prateek Arora is a content specialist from West Delhi with a passion for crafting compelling narratives. He has a knack for deciphering and communicating complex crypto concepts to readers all around...
09.08 / 12:38
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Sensex rises! But these stocks fell 5% or more in Friday's session
On the BSE, Rajdarshan Ind(down 9.99 per cent), Aryan Shares & Stock(down 9.99 per cent), Ventura Text(down 9.97 per cent), Jet Infraventure(down 9.84 per cent) and Kiran Syntex(down 9.55 per cent) stood among the top losers in today's trade.
09.08 / 12:37
Strategy
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ABI eyes on single transaction to offload majority of its assets amid managed wind-down
According to a London Stock Exchange notice today (9 August), the trust's board and managers are in the process of assessing a number of strategies to dispose of the portfolio and «maximise shareholder value». The single sell-off is expected to take place at a discount to net asset value, which the management said reflects a more immediate return of capital while lowering the risk associated with individual sales. Shareholders vote for wind-down as abrdn Property Income sells into 'valuation nadir' The trust is currently trading at a 29.4% discount, according to data from the Assoc...
09.08 / 12:21
09.08 / 12:16
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Stock market update: Nifty Auto index advances 1.72%
Shares of Eicher Motors Ltd.(up 5.55 per cent), Samvardhana Motherson International Ltd.(up 2.89 per cent), Ashok Leyland Ltd.(up 2.77 per cent), Tata Motors Ltd.(up 2.53 per cent) and Mahindra & Mahindra Ltd.(up 2.47 per cent) ended the day as top gainers in the pack.
09.08 / 12:13
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Hong Kong Lawmaker Calls for Easing Banking Restrictions for Crypto Firms
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...
09.08 / 10:31
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Voltas shares drop 0.21% as Sensex rises
Voltas Ltd. traded 0.21 per cent down at Rs 1430.45 at 02:05PM (IST) on Friday, even as BSE benchmark Sensex gained 820.96 points to 79707.18. The scrip had closed at Rs 1433.55 in the previous session. The stock quoted a 52-week high price of Rs 1560.0 and 52-week low of Rs 794.15, respectively. As per BSE data, total traded volume on the counter till 02:05PM (IST) stood at 9625 shares with a turnover of Rs 1.37 crore.
09.08 / 10:26
09.08 / 09:52
markets
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Markets remain vulnerable to unwinding of yen 'carry trade'
During periods of high inflation and interest rates, a carry trade allows companies and investors to borrow capital via a currency with a low interest rate, such as the Japanese yen, which a London-based futures trader told Investment Week has been «the underlying driver of the sell-off». This low-yielding currency is then converted to fund investments in higher earning assets, such as US stocks, allowing traders to profit from the interest rate differential between the two currencies. The Bank of Japan's decision to raise its interest rate to 0.25% on 31 July, coupled with some poor...
09.08 / 09:50
Ethereum
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CBOE Resubmits Application for Bitcoin ETF Options as Approval Looms
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...
09.08 / 09:35
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Germany's proposed low emission steel standard may pose challenges to Indian industry: GTRI
Germany's proposed Low Emission Steel Standard (LESS) is expected to pose new challenges to Indian industry which is already reeling with lower exports, higher imports and Europe's carbon tax, think tank GTRI said on Friday. India's steel exports have dropped by 31.2 per cent from USD 31.7 billion in 2021-22 to USD 21.8 billion in 2023-24, while imports have increased by 37 per cent, from USD 17.3 billion to USD 23.7 billion, making India a net importer, it said. The Global Trade Research Initiative (GTRI) said that the Indian steel industry is not legally bound to follow the new German steel standard, but ignoring it could hurt domestic exports.
09.08 / 09:09
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United Spirits shares gain 0.71% as Sensex rises
United Spirits Ltd. traded 0.71 per cent up at Rs 1472.0 at 12:48PM (IST) on Friday, even as BSE benchmark Sensex gained 783.32 points to 79669.54. The scrip had settled at Rs 1461.5 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1480.0 and Rs 976.0, respectively.
09.08 / 09:09
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Pidilite Ind shares down 1.34% as Nifty gains
Pidilite Industries Ltd. rose 1.34 per cent to Rs 3125.0 in Friday's trade. It hit an intraday high of Rs 3217.15 and low of Rs 3101.0, respectively, during the day. The stock quoted a 52-week high price of Rs 3277.8 and low of Rs 2293.1.
09.08 / 08:38
09.08 / 08:25
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Adani Power shares up 0.6% as Nifty gains
Adani Power Ltd. gained 0.6 per cent to Rs 695.25 in Friday's trade. It hit a high of Rs 703.25 and low of Rs 692.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 580.25, while the 50-DMA was at Rs 724.53. 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.
09.08 / 08:21
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Divis Labs shares rise 0.28% as Sensex climbs
<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. traded at Rs 4846.5 on BSE at 12:27PM (IST) on Friday, up 0.28 per cent from previous close. The stock quoted a 52-week low price of Rs 3300.0 and a high of Rs 5024.5.
09.08 / 08:15
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Chola Inv Finance shares fall 0.84% as Nifty gains
Cholamandalam Investment & Finance Company Ltd. slipped 0.84 per cent to Rs 1338.45 in Friday's trade. It hit a high of Rs 1365.25 and low of Rs 1336.5 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1228.74, while the 50-DMA was at Rs 1387.39. 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.
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