Trade Financial News

In Monday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Stocks that were in focus include names like Persistent Systems, which rose 3.63%, Mazagon Dock, which gained 20%, and Orient Cement, whose shares gained 0.082% on Thursday.

Zee Entertainment Enterprises Ltd. traded at Rs 148.9 on BSE at 12:23PM (IST) on Monday, down 1.35 per cent. The stock quoted a 52-week low price of Rs 126.15 and a high of Rs 299.5. Earlier in the day, the stock saw a gap up opening.

Mint. During the height of the Ukraine war, in July 2022, the Reserve Bank of India said that it would put in place an additional arrangement for invoicing, payment and settlement of exports and imports in rupees. The RBI’s move was aimed at promoting trade in rupees and to help ease settlements with Russia.

expert panel of the Securities and Exchange Board of India (Sebi) will meet early next week to discuss various measures to lower risks in the equity derivatives market, said two people familiar with the development. «The only agenda of the secondary market advisory committee which is meeting on July 15, is to discuss these short-term measures for F&O segment,» said one of the persons. A working group headed by former RBI executive director G Padmanabhan has discussed various proposals including limiting weekly options, increasing lot sizes of F&O contracts, enhancing margin requirements, upfront collection of option premium from buyers of options, and intra-day monitoring of position limits, the person said.

Three weeks after recommending investors sell five-year Treasuries, strategists at JPMorgan Chase & Co. say it’s time to pocket profits from the trade. 

Tata Power Company Ltd. traded 1.54 per cent down at Rs 433.0 at 12:12PM (IST) on Monday, even as BSE benchmark Sensex dropped 179.39 points to 79817.21. The scrip had settled at Rs 439.8 in the previous session. The stock quoted a 52-week high price of Rs 464.3 and 52-week low of Rs 216.95, respectively. As per BSE data, total traded volume on the counter till 12:12PM (IST) stood at 416813 shares with a turnover of Rs 18.27 crore.

Oil prices fell in early trade on Thursday after U.S. employment and business activity data came in weaker than expected, in signs the economy may be cooling in the world's top oil consuming nation. Brent crude futures were down 30 cents, or 0.34%, at $87.04 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 32 cents, or 0.38%, to $83.56 by 0030 GMT, with activity thinned by the U.S. Fourth of July holiday.

Lupin Ltd. rose 0.78 per cent to Rs 1793.1 in Tuesday's trade. It hit an intraday high of Rs 1793.6 and low of Rs 1767.15, respectively, during the day. The stock quoted a 52-week high price of Rs 1793.6 and low of Rs 896.3.

Markets regulator Sebi on Tuesday mandated email as a default mode of dispatch of 'Consolidated Account Statement', which provides an account of securities traded by an investor, by depositories and Mutual Fund-Registrar and Transfer Agents (MF-RTAs). The new framework will come into force from April 1, the Securities and Exchange Board of India (Sebi) said in a circular. A Consolidated Account Statement (CAS) is a single or combined account statement which shows the details of financial transactions made by an investor during a month across all mutual funds and also other securities held in dematerialised (demat) mode.

Revolut CEO Nikolay Storonsky plans to sell a portion of his stake in a $500 million share sale, adjusting his multibillion-dollar investment in the fintech giant.

US Independence Day 2024 is going to be celebrated on the Fourth of July, and there are major events already lined up in major US cities for its residents who are in a festive mood. Fourth of July celebrations will include live music events, firework displays, educational events, parades, and so much more as part of paying tribute. However, this day is a federal holiday and therefore, major government-regulated or aided operations, including banking and post offices will stay shut on July 4 on the occasion of US Independence Day 2024. Meanwhile, there were concerns around the stock market in the United States staying open or shut o this occasion. Also Read: Amazon Prime Video in July 2024: New releases, original films, classics, masterpieces and more

Gold slipped after the biggest weekly advance in three months, with central-bank purchasing patterns in focus.

Ether (ETH), the world’s second largest cryptocurrency by market capitalization, fell sharply early Friday to trade near a two-month low, participating in a broad-based sell-off across the asset class sparked by fears the market could soon be flooded with additional Bitcoins from defunct Japanese exchange Mt. Gox.

In a trading update for the third quarter published today (12 July), the AIM-listed asset manager reported that AUM fell by 0.9%, from £10.7bn at the start of April to £10.6bn, as market gains of £39m failed to offset net outflows of £139m. Investors withdrew £100m from multi-asset funds and £77m from equities, while £79m flowed into fixed income strategies and investment trusts remained flat. These outflows were slower than the £268m reported last quarter. «It is pleasing to note that we have seen continued demand for our fixed income funds as well as a more recent improvement in the...

Shares of Samvardhana Motherson International Ltd.(up 3.16 per cent) and Bosch Ltd.(up 1.16 per cent) ended the day as top gainers in the pack.

Citi may have finishedpart one of its mission to cut 20,000 jobs, but it's only cut 5,000 of them so far. Discounting the removal of another 5,000 jobs from whole business sales, it still has another 10,000 jobs to remove.

DLF Ltd. traded 0.08 per cent down at Rs 835.25 on Tuesday at around 12:58PM (IST), while the benchmark BSE Sensex advanced 303.18 points to 80263.56. As many as 32,025 shares changed hands on the counter with a total value of Rs 2.67 crore.

Adani Power Ltd. traded 1.88 per cent lower in Monday's session at 01:44PM (IST). The stock opened at Rs 707.15 and has touched an intraday high and low of Rs 712.0 and Rs 693.05, respectively, during the session so far. The stock quoted a 52-week high of Rs 896.75 and a 52-week low of 235.7. About 194,032 shares changed hands on the counter so far.

MUMBAI , NEW DELHI : Mumbai/New Delhi: The market for voluntary carbon trading is picking up in India, even before the planned rollout of an official mechanism to speed up the decarbonization journey. However, an abundance of carbon certificates due to the flurry of renewable energy projects has dampened their prices, experts said. At the heart of this market are international renewable energy certificates (I-REC) accrued by the country’s fast-growing clean energy sector.

Adani Group, and India, have scripted history with a big cargo ship called San Fernando from China arriving at Kerala's newly built Vizhinjam International Sea Port. The 300-metre-long San Fernando, operated by Maersk, one of the world’s leaders in shipping and logistics, is the first commercial container cargo vessel to dock at India's largest transhipment port. Kerala Chief Minister Pinarayi Vijayan and Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal formally welcomed the ship. «The commissioning of Vizhinjam Port has started a new chapter in the development of Kerala. This moment is a matter of pride for our country too,» Vijayan said. «This milestone marks India's entry into global transshipment and ushers in a new era in India's maritime logistics, positioning Vizhinjam as a key player in global trade routes. Jai Hind!» Adani Group chairman Gautam Adani wrote on X. Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), said in a statement, “San Fernando – now berthed at our harbour — is a symbol of a new, glorious achievement in Indian maritime history… No other port in India – including our own highly advanced Mundra Port – has these technologies. What we have already installed here is South Asia’s most advanced container handling technology. And once we complete the automation and the Vessel Traffic Management System, Vizhinjam will be in a class of its own as one of the most technologically sophisticated transshipment ports in the world.”