Trade Financial News

Sukhvinder Singh Sukhu's wife, Kamlesh Thakur, on Saturday won the Dehra assembly seat, beating her nearest rival and BJP candidate Hoshiyar Singh with a margin of over 9000 votes, according to Election Commission. «The party leaders and workers worked day and night for this day… I will give all credit to the people who stood by the party throughout… I am proud of the people of Dehra,» said Kamlesh Thakur after winning the bypolls. Read More: Rupauli bypoll results: Who is independent candidate Shankar Singh leading over JD(U)'s Kaladhar Prasad Mandal

Japan’s Nikkei 225 benchmark has closed at a fresh record high of 40,913.65, pushing past its most recent record close set in March

Tata Elxsi fell nearly 3% to Rs 6,930 in Thursday's trade on BSE after the firm reported a 3% year-on-year (YoY) fall in net profit to Rs 184 crore for the first quarter ended June 2024. The same stood at Rs 189 crore in the last-year period. Meanwhile, its revenue from operations in the reporting period increased 9% YoY to Rs 926 crore as against Rs 850 crore in the corresponding period of last year.

Producer Price Index (PPI) to efficiently capture input prices in the economy and has shared it with the IMF, the Department of Promotion of Industry and Internal Trade (DPIIT) secretary Rajesh Kumar Singh said on Thursday. He also said the government is working towards changing the base year of the wholesale price index (WPI) from 2011-12 at present. India is planning to move from the WPI to PPI going ahead in sync with most G20 economies. Consultations with the ministry of statistic and programme implementation (MoSPI) have been done. “It has to go through a process, including National Statistical Commission (NSC) but we are on the job…The model from our side is final and we have shown it to the IMF,” Singh said.

Rail Vikas Nigam (RVNL) and Indian Railway Finance Corporation (IRFC) rallied 15.5% and 9% to their new all-time highs of Rs 567 and Rs 206 respectively on BSE in Monday's trade ahead of the Union Budget, where the focus is likely to be on infrastructure investment. The sentiment around RVNL also remains positive as in the last week, the company signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation (DMRC) for participation in upcoming projects in India and abroad.

Dozens of classic sailing vessels from 13 countries that are plying the Baltic Sea have arrived in the Finnish capital at the end of the first leg of the Tall Ships Races that began in the Lithuanian port city of Klaipeda in late June

Jubilant Foodworks Ltd. traded 0.51 per cent up at Rs 570.4 at around 01:54PM (IST) on Friday. The stock had closed at Rs 567.5 in the previous session. Equity benchmark Sensex traded 324.13 points lower at 79725.54 around the same time.

Shohei Ohtani remained the top-selling jersey during the first half of the season, followed by Bryce Harper and Aaron Judge

The founder of Archegos Capital Management has been convicted of securities fraud in a scheme that prosecutors say cost global investment banks billions of dollars

A suspected attack by Yemen’s Houthi rebels has targeted a Liberian-flagged tanker in the narrow Bab el-Mandeb Strait

Keir Starmer on Friday has paved the way for a fresh chapter in the country's relations with India as the Labour Party takes charge of steering the stalled Free Trade Agreement negotiations that got stalled with the outgoing Rishi Sunak-led administration. If recent high-profile visits by the shadow cabinet members, stepping up as Cabinet members, are anything to go by, the choreography around India being a priority country is likely to see at least some degree of continuity. However, despite a manifesto commitment to build a «new strategic partnership» and the then shadow foreign secretary and now the Foreign Secretary in Starmer's government, David Lammy promising to be on a flight to India before the end of July if elected, how much of a priority India will be among the various domestic pressures facing a cost-of-living crisis hit Britain remains an unknown factor. The India-UK FTA talks began in January 2022 but were stalled in the 14th round as both countries stepped into their general election cycles this year. India saw the new government in the first week and on Friday, it was the UK's.

US shares touched a fresh peak as economic data supported the case for Federal Reserve rate cuts. A gauge for equities in the region gained for a fifth straight session as Japan’s Topix hit a record intraday high and shares in South Korea and Australia advanced. The S&P rose 0.5% and the Nasdaq climbed 0.9% to both set new highs Wednesday in a shortened session ahead of a US holiday. Contracts for US equities were steady in early Asian trading.

This is an AI-generated live blog and has not been edited by LiveMint staff. Bank Nifty Share Price Today Live Updates: The NIFTY Realty at (0.83%), NIFTY Oil & Gas at (0.32%) & NIFTY Consumer Durables at (0.29%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Bank at (-0.41%), NIFTY PVT Bank at (-0.41%), NIFTY Auto at (-0.39%) are currently the low performing sectors Bank Nifty Share Price Today Live Updates: The Bank Nifty opened at 52528.8 (-0.08%) , -40 points lower than the previous closing.

diamond exports have been faltering due to weak demand from the key market, China, and they are unlikely to stabilise unless the government provides support to the industry, the head of a leading trade body said on Thursday. India is the world's largest centre for cutting and polishing diamonds, accounting for nine out of 10 diamonds polished globally. «We're battling weak demand, particularly due to China's slow recovery from COVID-19. As a result, demand continues to fall,» Vipul Shah, chairman of the Gem and Jewellery Export Promotion Council (GJEPC), told Reuters.

Wall Street closed higher on Friday, with the S&P 500 and Dow Jones Industrial Average hitting intraday record highs, on bets that the U.S. Federal Reserve will cut interest rates in September, while big banks fell after reporting mixed results. Some of the market's most valuable companies bounced back after dipping in the previous session. Apple and Nvidia each climbed more than 1%.

Glenmark Pharmaceuticals' board of directors approved the sale of a 7.84% stake or 96,09,571 equity shares, in Glenmark Life Sciences Limited, as stated in its filing to the exchanges on Wednesday. The stake sale will be done through the stock exchanges via an offer for sale (OFS).

Stocks that were in focus include names like Raymond, which rose 10%, RBL Bank, which fell 1.28%, and AstraZeneca India, whose shares declined 3.77% on Friday.

On the BSE, Natura Hue Chem(down 12.96 per cent), Mega Nirman & Ind(down 9.92 per cent), Integrated Hitech Ltd.(down 9.50 per cent), Sun Tech Over(down 9.43 per cent) and Otco Intnl(down 8.20 per cent) were among the stocks that plunged over 5 per cent during the session.

IT companies will be in focus as bellwether TCS will report its first quarter earnings. «We expect the market to consolidate in the higher zone and any dip is a buying opportunity for long-term investors. Corporate earnings will start tomorrow with TCS first to announce numbers. Thus, the IT sector is expected to remain in focus,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal

Zomato’s ESOP costs are no longer a one-off after the approval of the new policy, domestic brokerage firm JM Financial reduced the company's target price to Rs 230 from an earlier Rs 250. The formulation of a new policy at Zomato suggests that ESOP costs should be treated as regular business expenses as they are likely to recur in the future. Hence, the domestic brokerage has adjusted its valuation methodology to capture the impact of ESOP costs better.

Bitcoin has been experiencing a volatile period marked by major price fluctuations. Amid this market fluctuation, Japanese investment firm Metaplanet has made headlines with its recent acquisition of $2.4 million in Bitcoin .