Trade Financial News

managed to reduce the gap with Trump. “It is hard to assess Trump as he is disruptive and unpredictable," says Ajay Bisaria, a former diplomat. Unlike in 2016, Trump today has total control over the Republican Party.

Wall Street's main indexes rose in volatile trading on Tuesday, as investors looked for bargains after a rout in the previous session, while dovish rate commentary from Federal Reserve officials also lifted the mood. Most megacap and growth stocks, which together lost $200 billion in market value on Monday, gained as Nvidia bounced back 2.3%.

Mint the political crisis in Bangladesh could hinder India’s plans to boost exports to the neighbouring country. “If the situation worsens, which is highly possible, Bangladesh may stop importing Indian goods and seek other countries to meet their domestic needs," the official said, declining to be identified. Other experts said India faces losses in multiple trade segments due to the Bangladesh crisis, which could turn into opportunities for competitors like Vietnam and China.

US stock futures rose on Monday as some buyers waded into the market, following a three-day global selloff that was fueled by fears of a US economic slowdown and extreme tech-sector valuations. 

Read this | Surviving the front-running storm: An investor's handbook While industry experts applaud the intent, they also warn of potential unintended consequences. Sebi issued a circular on Monday amending the Mutual Funds Regulations, requiring AMCs to establish an institutional mechanism.

It’s an old cliché but the phenomenon known as Turnaround Tuesday — when markets rebound from a selloff at the start of the week — is an opportunity that shows up time and again in the data. The bad news is such recoveries don’t guarantee a bottom has been reached.

Ethereum co-founder Vitalik Buterin has outlined his vision for achieving seamless cross-chain interoperability among Ethereum layer-2 (L2) networks.

MUMBAI : A key striking feature of Britannia Industries Ltd’s June quarter results is its high single-digit volume growth, estimated at 8% year-on-year, a multi-quarter high. However, pricing was weak, so revenue growth has lagged volume growth yet again. Britannia’s consolidated operating revenue increased by 4% year-on-year in the three months ended 30 June (Q1FY25) to ₹4,130 crore as pricing declined.

Five United States Senators and three House representatives have called for a ban on betting activities linked to the upcoming 2024 presidential election.

Services PMI: Steep price hikes could take the wind out of companies' sails On the flipside, industrial volume fell around 5%, led by subdued performance of its telecom segment owing to a high base. These misses caused some brokerages to downgrade their earnings forecasts. Motilal Oswal Financial Services Ltd cut its FY25 and FY26 earnings-per-share estimates by 10% and 16%, respectively, to factor in the increase in commodity prices.

Turnaround Tuesday — when markets rebound from a selloff at the start of the week — is an opportunity that shows up time and again in the data. The bad news is such recoveries don’t guarantee a bottom has been reached. Investor psychology during a rout tends to begin with jitters on Thursday, hedging on Friday and all-out selling on Monday, according to Brent Donnelly, veteran trader and president of trading analysis firm Spectra Markets. By Tuesday, the downdraft is primed for a reversal, he wrote in a note published Monday.

Investors have withdrawn approximately $168 million from nine U.S. spot Bitcoin exchange-traded funds (ETFs) on Monday.

«So, while there are technical factors like the yen carry trade or the lack of confidence in the AI theme with the returns not commensurate with the investments that are being made in AI, etc, those are probably technical issues related to the market which is triggering some foreign selling,» says Rajesh Bhatia, CIO, ITI MF. The one question that everybody wants to have an answer for is how much should one be having the confidence that it is the kind of uptick that we are seeing on Nifty 50 today, the kind of gains that we are seeing today, how much is that giving you the confidence that yes, we are over the global selloff or do you believe that in the near term there are some more risks that could be there in the room? Rajesh Bhatia: Well, look at it this way. Among the strongest markets in the world today has been the Indian market.

Indowind Energy on Tuesday announced the successful closure of its rights issue of 2.14 crore equity shares, raising Rs 48.30 crore from its shareholders. The issue attracted bids for 3,40,60,362 shares resulting in oversubscription by 1.59 times, according to a BSE filing. The rights issue was open for subscription from July 26, 2024, to August 5, 2024. The company fixed the price at Rs 22.50 per equity share (including a premium of Rs 12.50 per equity share).

MUMBAI : A profit of ₹1,878 turned into a penalty of ₹1 lakh. This harsh reality encapsulates the high-stakes world of insider trading. Sudhir Bapusaheb Devkar, an IT department employee at Mindtree, found himself on the wrong side of the law when a seemingly harmless trade in his employer’s stock spiralled into a financial nightmare.

NEW DELHI : The Central Board of Film Certification (CBFC) is once again getting flak from filmmakers for taking unusually long to clear films. While Tamil actor Vishal raised bribery allegations against the body in 2023, the team of John Abraham-starrer Vedaa has complained of an inordinate delay in setting up a revising committee as directed by the examining committee. The film's theatrical release is scheduled for 15 August.

Tata Elxsi Ltd. traded 0.55 per cent up at Rs 6809.6 at 01:14PM (IST) on Tuesday, even as BSE benchmark Sensex gained 369.1 points to 79128.5. The scrip had closed at Rs 6772.1 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 9191.1 and Rs 6406.6, respectively.

Jump Trading is making significant crypto transactions involving large amounts of USDC stablecoin and is expected to cash out $440 million, notes onchain sleuth Lookonchain.

Orient Green Power Company Ltd.(up 4.96%), Neueon Towers Ltd.(up 4.77%), Transformers & Rectifiers(India)Ltd.(up 2.92%), Indowind Energy Ltd.(up 2.88%), CESC Ltd.(up 2.32%), PTC India Ltd.(up 2.04%), Karma Energy Ltd.(up 2.03%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Gujarat Industries Power Company Ltd.(up 1.97%) and Torrent Power Ltd.(up 1.95%) were among the top gainers.

Havells India Ltd. traded 0.87 per cent higher in Tuesday's session at 01:19PM (IST). The stock opened at Rs 1761.25 and has touched an intraday high and low of Rs 1810.75 and Rs 1761.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 1986.55 and a 52-week low of 1233.1. About 7,677 shares changed hands on the counter so far.

Cummins India Ltd. traded at Rs 3529.9 on BSE at 01:04PM (IST) on Tuesday, up 0.92 per cent. The stock quoted a 52-week low price of Rs 1590.3 and a high of Rs 4169.5. Earlier in the day, the stock saw a gap up opening.