Trade Financial News

A fresh circular from the Securities and Exchange Board of India (Sebi) seems to have sent discount brokers into a tizzy. Zerodha co-founder Nithin Kamath said the company may have to reconsider its zero-brokerage model, or even increase brokerage fees for trades in the futures and options (F&O) segment, after Sebi’s directive that all market infrastructure institutions, including stock exchanges, must charge members a uniform fee unlinked to trading volumes.

Bandhan Bank Ltd. traded at Rs 206.95 on BSE at 01:50PM (IST) on Thursday, down 1.89 per cent. The stock quoted a 52-week low price of Rs 169.45 and a high of Rs 263.15. Earlier in the day, the stock saw a opening.

July 2nd, Panama – Gate.io , a top cryptocurrency exchange and Web3 innovator, today announced it has enlisted Elliptic, the leading provider of blockchain analytics and investigative solutions, to strengthen its compliance program. Through this collaboration, Gate.io is integrating Elliptic’s comprehensive suite of blockchain monitoring solutions to fortify its network of compliance providers, demonstrating the exchange’s commitment to its users and adherence to regulatory requirements.

ACC Ltd. slipped 0.94 per cent to Rs 2649.5 in Tuesday's trade as of 12:53PM (IST). The stock hit a high price of Rs 2687.1 and low of Rs 2645.0 during the session.

Here's how analysts the market pulse:

The cryptocurrency market, particularly Bitcoin, has recently experienced notable fluctuations. Currently trading at approximately $58,000, Bitcoin has shown resilience despite a broader market downturn.

Nifty on Tuesday ended 113 points higher to form a long bull candle on the daily chart and also hit a fresh record high intraday. The underlying trend of Nifty continues to be positive. Having moved above the key overhead resistance of 24,400 levels (1.618% Fibonacci extension), the Nifty could now advance towards another important resistance of 24,960 levels (1.786% Fibonacci extension) in the near term. Immediate support is at 24,250 levels, said Nagaraj Shetti of HDFC Securities.

EEPC India has suggested restoring the interest subvention to 3% for the specified 410 tariff lines besides raising the subvention rate to 5% for MSME manufacturers exporting under any tariff line. «Considering the rise in the repo rate from 4.4% to 6.5%, we have requested to restore the interest subvention rate to 3% for the specified 410 tariff lines. We also requested that for Micro, Small, and Medium Enterprises (MSME) manufacturers exporting under any tariff line, the interest subvention rate be increased to 5%. Merchant exporters have low-profit margins, and the cost of credit affects their viability significantly. Therefore, we have requested to extend the Interest Equalisation Scheme to merchant exporters with a 3% subvention rate,» EEPC India chairman Arun Kumar Garodia said. According to Trade Notice No 07/ 2024-25, the Interest Equalization Scheme has been extended for two months but only for MSMEs. It also says that the claims from non-MSME exporters will not be accepted beyond 30th June 2024.

credit cards, and the latest data on delinquencies and expenditures showed they remain relative stragglers in a revenue stream dominated by privately owned banks. But, at the same time, the state-run players are learning the tricks of the trade — and have a very limited value at risk. For PSU banks, non-performing assets (NPAs) of credit cards outstanding are the highest among all retail sub-sectors — at 11.3% — as of March 2024. The comparative figure is about 2% for private sector and foreign banks, Reserve Bank of India data showed.

PI Industries Ltd. traded at Rs 3787.75 on BSE at 11:42AM (IST) on Tuesday, down 0.76 per cent. The stock quoted a 52-week low price of Rs 3060.0 and a high of Rs 4032.0. Earlier in the day, the stock saw a gap up opening.

Costco is increasing its annual membership fees in Canada and the United States this fall.

Gold prices held steady on Wednesday, with investors looking towards key U.S. inflation data that could shed more light on the Federal Reserve's interest rates trajectory. FUNDAMENTALS

Bitcoin has climbed this year, rising more than 30%, with demand for ETFs that hold the leading cryptocurrency helping its price upward. But bitcoin prices have recently cooled, pulling back from record highs set earlier this year. 

A new pilot designed to enhance the way insurance-linked securities investments are invested and managed has been announced by Schroders Capital.

As the cryptocurrency market continues to exhibit its characteristic volatility, the popular meme coin Pepe ($PEPE) finds itself in a risky position, having experienced a sharp 51% decline from its May 27 peak.

₹11.5 trillion, or 4.3% of the 2022-23 GDP, over the seven-year period. India’s informal sector consists of a vast network of small businesses, street vendors, and independent workers, operating outside the formal legal framework, and their sheer size—three-fourths of the workforce—means they play a critical role in job creation. The latest survey covered 458,938 informal sector enterprises between October 2022 and September 2023.

Tata Elxsi Ltd. fell 0.04 per cent to Rs 7091.95 at 12:53PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 2,197 shares with a turnover of Rs 1.55 crore till 12:53PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 55.72, while the price-to-book value ratio stood at 19.34.

Republicans will gather for their convention in Milwaukee next week united behind presidential candidate Donald Trump but divided on what the party stands for. There are, of course, widely aired disagreements over abortion and the war in Ukraine. But a potentially more consequential division has opened over economics.

The NSE Nifty index ended the session 18.11 points down at 24123.85, while BSE Sensex fell 34.74 points to 79441.45.

The cryptocurrency market has been experiencing significant fluctuations in recent months, with Bitcoin, the largest digital currency by market capitalization, remaining at the forefront of this volatility.

The public offer is being made through the book-building process, wherein about 50% of the issue is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.