Trade Financial News

Colgate-Palmolive (India) Ltd. rose 2.01 per cent to Rs 2863.1 in Thursday's trade as of 11:21AM (IST) even as the benchmark Nifty ruled at 23907.05, up 38.25 points. The scrip had closed at Rs 2806.45 in the previous session. The stock quoted a 52-week low of Rs 1667.0 and a high of Rs 3068.95. The company quoted a market-cap of Rs 76808.74 crore on the BSE.

Bharat Forge Ltd. rose 0.4 per cent to Rs 1686.4 in Thursday's trade as of 11:27AM (IST) even as the benchmark Nifty ruled at 23924.5, up 55.71 points. The scrip had closed at Rs 1679.6 in the previous session. The stock quoted a 52-week low of Rs 811.35 and a high of Rs 1826.2. The company quoted a market-cap of Rs 78207.25 crore on the BSE.

Dr. Reddy's Laboratories Ltd.(up 2.08 per cent), Gland Pharma Ltd.(up 0.91 per cent), Lupin Ltd.(up 0.28 per cent), Alkem Laboratories Ltd.(up 0.16 per cent) and J B Chemicals & Pharmaceuticals Ltd.(up 0.11 per cent) were among the top gainers.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, managed to halt its overnight declines and regained some positive traction, reaching an intra-day high of $62,322.

B2Broker recently announced a significant update to its premier product, the B2Trader Brokerage Platform (BBP) version 1.1. The latest update to the spot crypto platform introduces BBP Prime, new advanced reports, and the potential to personalise layout templates for an enhanced user experience.

ICICI Prudential Life Insurance Company Ltd. traded 0.33 per cent up at Rs 598.25 at 10:45AM (IST) on Thursday, even as BSE benchmark Sensex dropped 116.29 points to 78557.96. The stock had closed at Rs 596.25 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 640.8 and Rs 463.5, respectively.

ICICI Lombard General Insurance Company Ltd. rose 0.56 per cent to Rs 1798.9 in Thursday's trade. It hit an intraday high of Rs 1814.7 and low of Rs 1780.65, respectively, during the day. The stock quoted a 52-week high price of Rs 1814.7 and low of Rs 1262.1.

Ponni Sugars(Erode)Ltd.(up 0.71%), Avadh Sugar & Energy Ltd.(up 0.34%) and KM Sugar Mills Ltd.(up 0.24%) were among the top gainers.

₹102.60, which is 90% higher than the issue price of ₹54.Subscriptions for the Dindigul Farm Product IPO opened on Thursday, June 20, and ended on Monday, June 24. Shares in the Dindigul Farm IPO lot size were 2,000.

Allied Blenders and Distillers IPO: As of the third day of the Allied Blenders and Distillers IPO, the initial public offering (IPO) of Allied Blenders and Distillers Limited, which commenced on 25th June 2024, is currently open for subscription until 27th June 2024. This means that primary market investors have a single day left to apply for the public issue.

gold in the last one week has been 1.66% whereas in the last month it has been 2.14%.The cost of silver is Rs.87120.0 per kg down by Rs.1570.0 per kg. Gold Price Today in Delhi is ₹73120.0/10 grams. Yesterday’s Gold Price on 26-06-2024 was ₹72689.0/10 grams.

JSW Energy, one of India's leading private sector power producers, surged nearly 4% in early morning trade to ₹739 apiece. This rise followed the announcement that the company's wholly owned subsidiary, through its subsidiaries, had signed Power Purchase Agreements (PPAs) for wind and solar projects totaling 1,325 MW.These agreements include 1,025 MW with the Solar Energy Corporation of India Limited (SECI) and 300 MW with Gujarat Urja Vikas Nigam Limited (GUVNL) for the supply of power for a period of 25 years with a tariff of ₹2.66/KWh.Notably, the 1,025 MW wind PPA is the largest single tranche PPA ever signed by SECI, featuring a blended tariff of ₹3.62 per kWh for a 25-year power supply period.On June 24, JSW Neo Energy received a Letter of Award (LoA) on June 23 for setting up a 300 MW ISTS-connected wind-solar hybrid power project from SECI.

Also Read: Nifty 50 Share Price Live Updates: Nifty 50 is trading at ₹23858.4Nifty 50 Outlook by Osho Krishan, Sr. Analyst, Technical & Derivatives, Angel OneThe benchmark index continues its positive run. After the initial hiccup on Monday, prices have gained strong momentum, closing in the green for the third consecutive session.

The NSE Nifty index traded 98.3 points up at 23967.1, while BSE Sensex was up 340.19 points at 79014.44 as of 10:29AM(IST)on June 27.

ACC Ltd. gained 1.73 per cent to Rs 2634.35 at 10:35AM (IST) in Thursday's trade. The scrip hit a high of Rs 2670.0 and low of Rs 2572.0 so far during the session. The stock had closed at Rs 2589.45 in the previous session. The counter had a total traded volume of 10:35AM shares so far with a turnover of Rs 4.01 crore on BSE. The stock traded at a price-to-earnings multiple of 20.79 and a price-to-book ratio of 2.87.

Varun Beverages Ltd. traded 1.23 per cent up at Rs 1625.35 on Thursday at around 10:30AM (IST), while the benchmark BSE Sensex advanced 340.24 points to 79014.49. As many as 10,961 shares changed hands on the counter with a total value of Rs 1.77 crore.

The NSE Nifty index was trading 92.55 points up at 23961.35, while BSE Sensex was up 143.75 points at 78818.0 at the time of writing this report.

Sensex and Nifty to fresh all-time peaks, foreign institutional investors (FIIs) have been buying Indian stocks non-stop with a cumulative inflow of Rs 32,000 crore on Dalal Street in 12 trading sessions. FIIs can be seen pouring money into India funds at the cost of China, Brazil, Taiwan and South Korea as consensus is gradually building on imminent rate cuts in the second half of 2024. This month's buying comes after FII outflows worth over Rs 34,000 crore in the last 2 months. For 12 consecutive trading sessions from June 7 till June 25, FIIs have been net buyers on Dalal Street, according to Sebi data.

bond yields spiked on nervousness about inflation on Thursday, while the yen's slide past 160-per-dollar had currency traders bracing for Japan to step in and steady it. The dollar made six-week highs on sterling and the kiwi and at 160.7 yen traded just shy of Thursday's 38-year peak. The jittery mood had frothy sectors of financial markets especially vulnerable and Nasdaq futures dropped 0.5%.

The Nifty future closed positive with gains of 0.55% at 23862 levels on Wednesday. On the options front, the maximum Call OI is placed at 24000 and then towards 24,200 strikes while the maximum Put OI is placed at 23,500 and then towards 23,700 strikes.

Now it’s the turn of the Chinese yuan. An important economic development of late has been the depreciation of Asian currencies relative to the dollar. China’s currency is in the spotlight again amid new speculation over whether Beijing is implementing a competitive devaluation of some sort, or will do so—and whether this will become the excuse for a trade war.