Trade Financial News

Jubilant Foodworks Ltd. traded at Rs 582.65 on BSE at 02:10PM (IST) on Friday, up 0.18 per cent. The stock quoted a 52-week low price of Rs 420.85 and a high of Rs 587.0. Earlier in the day, the stock saw a gap up opening.

Nifty reversed sharply from the lifetime highs in Wednesday's trading session, however, the recovery was good enough from the lower levels which helped Nifty to recover more than 150 points from its day's low. The rise so far appears to be a 3-wave rising structure on the hourly charts indicating that until the all-time high levels are not taken off there can be selling pressure at the higher levels.

A Delaware judge is considering a massive and unprecedented fee request by lawyers who successfully argued that a massive and unprecedented pay package for Tesla CEO Elon Musk should be voided

Meme coins, led by favorites like Pepe (PEPE), have become the must-trade category in the 2024 market.

The NSE Nifty index was trading 17.75 points down at 24306.1, while BSE Sensex was down 81.06 points at 79915.54 at the time of writing this report.

Equity markets traded in a narrow range to close with minor gains on Thursday. Analysts said the release of pre-quarterly business updates is giving confidence in healthy Q1 earnings. «We expect this ongoing momentum to continue and the Nifty to consolidate in a broader range. Investors would watch for the US Non-farm payroll and Unemployment Rate,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.

ACC Ltd. slipped 0.85 per cent to Rs 2743.4 in Thursday's trade as of 01:45PM (IST). The stock hit a high price of Rs 2781.05 and low of Rs 2676.85 during the session. The return on equity (ROE) for the stock stood at 14.3 per cent. Traded volume on the counter stood at 01:45PM shares and turnover at Rs 3.7 crore around that time. The stock of ACC Ltd. quoted a 52-week high price of Rs 2843.0 and 52-week low prices of Rs 1763.25, respectively.

S Jaishankar on Wednesday met his Russian counterpart Sergey Lavrov on the margins of the Shanghai Cooperation Organisation Summit and discussed preparations for Prime Minister Narendra Modi’s scheduled visit to Moscow on July 8-9 including possibility of opening of two new Indian consulates in Russia. Currently besides the Indian Emabssy in Moscow, there are two Indian consulates— St Petersburg and Vladivostok. ET has learnt that India might open two more consulates in Russia and final announcement can be made at the annual summit next week. In their first meeting since December 2023, Jaishankar and Lavrov discussed aspects of the bilateral strategic partnership, including defence, energy, trade, investment and connectivity corridors. The two ministers also held preparatory talks for PM Modi’s upcoming visit, according to people familiar with the matter.

Stocks that are trading heavily or have substantial price changes on Monday: Chewy, Blackrock fall; Spirit AeroSystems, Amedisys rise

Ashok Leyland Ltd. traded 0.54 per cent up at Rs 228.2 at around 11:47AM (IST) on Thursday. The stock had closed at Rs 229.45 in the previous session. Equity benchmark Sensex traded 164.22 points higher at 80151.02 around the same time.

On the BSE, Raymond(down 36.24 per cent), Diggi Multitrade(down 13.09 per cent), Labelkraft Tech(down 10.29 per cent), Omni Axs Software (down 9.97 per cent) and Kiran Syntex(down 9.37 per cent) were among the stocks that plunged over 5 per cent during the session.

Q2 of 2024 in the cryptocurrency space witnessed high-profile hacking from decentralized exchanges to DeFi (decentralized finance), amounting to a collective loss of $176M in June.

Three U.S. Senators are calling for action against a new practice big technology companies are using to swallow up the talent and products of innovative AI startups without formally acquiring them

fair value of a stock, many believe that price history should be given the highest importance. This view operates on the premise that whatever you know is already known to the market and has been factored into the price. However, it would be incorrect to assume that the price correctly reflects every development in a company.

shipbuilding and repair policy under the 100-day action plan, a top government official said on Thursday. Maritime India Vision 2030 (MIV 2030) aims to move India's shipbuilding and ship repair ranking into the top 10 globally while Amrit Kaal Vision 2047 sets an even more ambitious goal of reaching the top five. «The MoPSW (Ministry of Ports, Shipping, and Waterways) is steadfast in its commitment to revitalise the shipbuilding and repair industry in India.

China’s exports beat forecasts in June, while imports grew less than expected

Aditya Birla Fashion & Retail (ABFRL), Balrampur Chini, Bandhan Bank, Chambal Fertilizers & Chemicals, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), India Energy Exchange (IEX), India Cements, Indus Towers and Piramal Enterprises (PEL). While Hindustan Copper has exited the ban, IEX is the latest entrant on the list.

Benchmark 10-year Treasury yields rose nearly 14 basis points to 4.479% overnight, with analysts linking the rise to expectations that Donald Trump will win the U.S. presidency, in turn leading to higher tariffs and government borrowing.

Shares of Brigade Enterprises Ltd.(up 4.1 per cent), Godrej Properties Ltd.(up 1.38 per cent), Sobha Ltd.(up 1.0 per cent), Oberoi Realty Ltd.(up 0.35 per cent) and Sunteck Realty Ltd.(up 0.25 per cent) ended the day as top gainers in the pack.

Kazakhstan): The SCO Summit is a major occasion, not least because the organisation represents over 3 billion people – nearly 45% of the world’s population. The SCO plays a key role in fostering regional stability, economic growth, and multilateral cooperation. “As one of the founding members, Kazakhstan has always prioritised the development and success of the SCOwithin our balanced foreign policy framework,” Kazakhstan Deputy Foreign Minister Roman Vassilenko told select group of foreign journalists ahead of the Summit. “This summit is an opportunity for us to reaffirm our commitment to the principles of mutual respect, equality, and consensus-building and to chart a path forward for the organisation.”

ACC Ltd. traded 0.09 per cent down at Rs 2767.7 at 01:39PM (IST) on Wednesday, even as BSE benchmark Sensex gained 528.79 points to 79970.24. The scrip had settled at Rs 2770.3 in the previous session. The stock quoted a 52-week high price of Rs 2843.0 and 52-week low of Rs 1763.25, respectively. As per BSE data, total traded volume on the counter till 01:39PM (IST) stood at 10895 shares with a turnover of Rs 3.02 crore.