Trade Financial News

Sensex and Nifty traded near the flatline on Monday, the first trading day of July month, after consolidating in Friday's session. Auto stocks were in focus amid the release of June month sales numbers. Shares of Samvardhana Motherson, Hero Moto, Bharat Forge, Maruti Suzuki, and Bajaj Auto rallied over 1% each. Within the Nifty50 pack, JSW Steel, and Bharti Airtel rallied over 1%, while NTPC, Power Grid, and Apollo Hospitals fell up to 2%.

Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains. Brent crude futures rose 16 cents, or 0.2%, to $85.16 a barrel by 0032 GMT, while U.S. West Texas Intermediate crude futures were at $81.71 a barrel, up 17 cents, or 0.2%.

The CNX 500 saw some participation but Mid-cap, Small-cap and other broad-based indices were muted. The recent participation was mainly due to Reliance, ICICI Bank and HDFC Bank. Hence, it was a concentrated move of the Nifty 50 Index that was adding to the recent surge.

Mutual fund investors have been jolted by the news that Quant Mutual Fund is under investigation by the Securities and Exchange Board of India (Sebi). The regulatory body has observed trading patterns that suggest front-running by someone associated with the fund. The Asset Management Company (AMC) has issued a pro forma statement, confirming the news and promising full cooperation with the probe.

Equity markets clocked gains for the third consecutive week, continuing their upward trajectory as Nifty made new highs. The index, however, came under pressure at higher levels due to some profit booking. «We expect this positive momentum to continue at a steady pace with stock-specific action. However, the release of economic data points next week would keep a little volatility in the market. Sector like Auto is expected to be in the limelight as OEMs would release their monthly auto Sales number,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

JSW Infra, Stanley Lifestyles, SAMHI Hotels, Bank Of Baroda, IREDA among others will be in focus due to various news developments. JSW Infrastructure Indicating that the company is still interested in the mega Tajpur deep sea port in West Bengal, JSW Infrastructure Ltd said that it remains open to re-evaluate its strategy for the project.

regulators are flagging risks from heightened trading in derivatives in the Indian equity market. The surge in trading futures and options of listed stocks coincides with rising household exposure to equities, and regulators are approaching the development with investor protection and systemic risk on their mind. Alongside raising awareness among retail investors about the risks involved, new screening mechanisms have been imposed for stocks to qualify for derivatives trading. The effort is directed at restricting derivatives to underlying stocks for which there is sufficient liquidity and trading interest from market participants. There are suggestions for raising transaction costs on derivatives trades. Such a move could, however, affect better regulated institutional investors and reduce the effectiveness of derivatives, hampering market development.

Pepe Coin (PEPE/USDT) is drawing significant attention after $300 million was absorbed at a crucial support level overnight. Despite a recent dip, investors are optimistic about a potential rebound.

Despite Bitcoin hovering around the $60,000 mark, whispers of a potential price dip have surfaced. Influential investor David Portnoy has publicly announced his intent to make a substantial Bitcoin purchase if the price falls below $50,000, potentially injecting up to $10 million into the market.

₹1.73 trillion. The average in the early phase was about ₹ 0.9 trillion, which today hovers at upwards of ₹ 1.5 trillion. The relevant data reveals a widening of the tax base, increased compliance, plugged leakages and better enforcement.

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Thailand’s plan to increase scrutiny on high-frequency trades — in effect from Monday — follows steps from China, where programmed trading will soon be subject to real-time monitoring. While authorities expect the moves to enhance transparency, the growing control over certain trades has raised concern that liquidity may tighten and make those markets overall less attractive.

For example, during the dot-com bubble of the late 1990s, many investors were overly optimistic about the growth potential of technology stocks. When the bubble burst, those who had invested heavily at the peak experienced substantial losses.

Titagarh Rail, whose shares ended last week with a 17% return, remains strong, with momentum continuing to be very robust, according to Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities. “Dips should be utilised to initiate fresh positions, with strong support at Rs 1,770. The stock is likely to touch the Rs 2,000 mark in the near term, with the uptrend intact on the daily chart.”

3M India, M&M, Tata Communications, Apollo Tyres, and several other companies are expected to remain in focus this week as they approach their record dates for dividend payments. Dividends are paid to shareholders whose names appear in the company's database on the record date. Following the implementation of the T+1 settlement framework, the record date and ex-date are typically the same in most cases, barring any market holidays immediately after the ex-date.

Bitcoin traded over weekends has declined to an all-time low of 16% this year, according to cryptocurrency research firm Kaiko. The drop comes in the wake of the launch of spot Bitcoin exchange-traded-funds, which appears to have shifted the periods when Bitcoin is traded to be more in line with the schedule of traditional equity exchanges and has lowered its price volatility.

Both the Sensex and Nifty gained for four consecutive sessions before closing Friday's trading session in the red. However, both indices managed to sustain their gains and closed the week positively.

Bitcoin’s price is teetering on the edge of a precipice, with the critical $60,000 support level holding the line against a potential flash crash to $40,000.

UK's Opposition Labour Party, hoping to win a mandate to form a government after the July 4 general election, has committed itself to stamping out anti-India sentiments within its ranks and building a strong strategic partnership with the Prime Minister Narendra Modi-led administration. The party's resolution during an annual conference under former Labour leader Jeremy Corbyn in favour of international intervention in Kashmir was widely seen as having cost it British Indian votes in the 2019 general election.