Trade Financial News

Bitcoin (BTC) prices surged briefly after cooler-than-expected June inflation data but failed to break the $60K mark.

MUMBAI : Mumbai: The Reserve Bank of India’s decision to curtail trading in exchange-traded currency derivatives has surfaced an unintended beneficiary some 4,000 km away—the Singapore Exchange, or SGX. Volumes of rupee-dollar futures on the Singapore Exchange have surged since RBI’s restriction—which came into effect on 3 May—crimped volumes on India’s National Stock Exchange. NSE had enjoyed a 94% share in India’s exchange-traded currency derivatives segment.

The Federal Trade Commission has unanimously voted to bring a lawsuit against mattress maker Tempur Sealy to block its $4 billion acquisition of Mattress Firm, saying the deal would allow the world’s largest mattress supplier to suppress competition th...

Tata Elxsi Ltd. slipped 0.36 per cent to Rs 7025.6 in Monday's trade. It hit a high of Rs 7089.75 and low of Rs 7014.6 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 7717.97, while the 50-DMA was at Rs 7138.92. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

₹50,000 crores a day with a notional value to premium ratio of 500+, a really big black swan move (10% lower or upper circuit) could easily wipe out the margin of many option sellers. Retail traders and larger players also sell options in large quantities, and the systemic risk of extreme blow-ups increases with higher option participation. Second, retail investors don’t really need “protection" from overtrading.

The benchmark NSE Nifty 50 fell 0.45% to 24,324 points, while the S&P BSE Sensex settled 0.53% lower at 79,924. Both the indices opened at record highs before reversing course.

Sensex has reached a new high. Should you consider waiting for a correction? Well, as veteran investor Peter Lynch famously put it: “Far more money has been lost by investors preparing for corrections, than has been lost in corrections themselves.” Looking back, previous milestones such as 50,000 and 75,000 appear as buying opportunities. Investors would have earned double-digit returns even if they purchased at earlier 'record high' levels.

The counter had a total traded volume of 02:05PM shares so far with a turnover of Rs 11.48 crore on BSE. The stock traded at a price-to-earnings multiple of 72.2 and a price-to-book ratio of 23.03.

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Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says the market might be held up and we might just have a push higher toward the Budget. Two of the big sectors like IT and banking have seen a strong run in the very short run. Other sectors like FMCG are probably helping to push the market higher on the basis that there could be more government spending to help the rural economy and therefore that would have knock-on effects in other areas as well like affordable housing, affordable housing finance companies.

Colgate-Palmolive (India) Ltd. gained 0.26 per cent to Rs 2887.25 in Thursday's session as of 12:23PM (IST) even as the equity benchmark Sensex traded 151.47 points higher at 80138.27. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 3068.95 and a 52-week low of Rs 1675.95 on NSE. Around 4206 shares changed hands on the counter till 12:23PM (IST).

In a stock exchange notice today (12 July), the trust said the issue price of the placing will be at a 1% premium to the last published NAV prior to the closing of the placing. The issue price is expected to be announced on 17 July. Odyssean investment trust proposes tender offer as part of 'seventh year' promise To allow existing retail shareholders to participate in the fundraising, the retail offer will be undertaken via the Winterflood Retail Access Platform (WRAP). The shares will be admitted to trading on 22 July. Numis analysts Ewan Lovett-Turner and Ash Nandi said the placi...

Iran's Chabahar Port not only holds «great value» to landlocked Central Asian states but also «de-risks» commerce between India and Eurasia, Prime Minister Narendra Modi said on Thursday. External Affairs Minister S Jaishankar, who is in Astana to attend the SCO Summit, delivered Modi's remarks at the extended format meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of State here in the Kazakh capital. He also said, «While standing resolute on challenges, it is equally important to actively and collaboratively explore avenues of progress. The current global debate is focused on creating new connectivity linkages that would better serve a rebalanced world.» «If this is to gather serious momentum, it requires the joint efforts of many. It must also be respectful of the sovereignty and territorial integrity of states and be built on the foundation of non-discriminatory trade and transit rights to neighbours.»

Russia is seeing an increase in the number of crypto bribery cases where corrupt individuals receive payment in tokens such as Bitcoin (BTC), lawyers say.

rupee traded flat at 83.50 against the US currency in the opening session on Tuesday as the impact of a firm dollar in the overseas markets was offset by easing crude oil prices. At the interbank foreign exchange market, the rupee opened marginally up 1 paisa at 83.49 against the American currency. The local unit moved in a narrow range of 83.49 to 83.51 in restricted trade in the opening session. The rupee traded at 83.50 to a US dollar at 0925 hrs. The domestic unit had closed at 83.50 against the US dollar on Monday.

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were among the top gainers.

A rally in the world’s largest technology companies sent stocks to all-time highs, with Jerome Powell’s remarks to Congress not doing much to dissuade traders from betting on Federal Reserve rate cuts this year.

‘Sneaker-heads’ and ‘fitness freaks’ have most certainly transcended into the trend of premiumisation as they are now seeking quality, exclusivity, and a deeper connection with the brands they wear. This change in demand is reflected in the premium options offered by Adidas & Myntra on the latter's website, which has gone up by 30-40 per cent. Neelendra Singh, General Manager of Adidas India, appears to have tapped into this emerging trend. Speaking to ET, Singh stated that India, with its large population aspiring for better products, exhibits a natural consumer behaviour of constantly seeking improvement.

«In the coming week, we expect stock and sector-specific action as the market starts taking cues from Q1FY25 earnings. On the macro front, investors will look out for inflation data that will be released by India, the US, and China,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.

Pankaj Tibrewal, Founder & CIO, IKIGAI Asset Manager, says durables, some of the value retailers, and some of the names on the staple side would be a good way to create a basket to see the revival in consumption over the next 12-18 months. What is the outlook on the defense basket, the darling of the market last year? For instance, on Thursday we did see quite a bit of fervour building up into these stocks. Are you looking at this space for the long haul as well?