Trade Financial News

U.S. West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows across the Pacific.

DALIAN, China — Cisco is «very optimistic» about its growing business with Chinese electric car companies as they expand overseas, the company's Greater China head told CNBC on Tuesday.

On the BSE, Ascensive Educare(down 20.00 per cent), Tanvi Foods(India)(down 20.00 per cent), Achyut Healthcare(down 11.40 per cent), Source Natural(down 10.71 per cent) and Transpact Enterprise(down 9.98 per cent) stood among the top losers in today's trade.

HPCL, ONGC and Gujarat State Petronet (GSPL) are the only stocks with value in the Indian oil and gas sector, domestic brokerage firm Motilal Oswal stated in its report, noting that value trade has faded away in the sector. Motilal Oswal maintained a ‘buy’ call on HPCL, ONGC and GSPL with target prices of Rs 400, Rs 340 and Rs 385 respectively.

China’s premier has defended open markets and the importance of green technologies for stabilizing global growth as he opened a forum with political and business elites in northeastern China

Bharatiya Mazdoor Sangh, an RSS-affiliate central trade union, demanded the Centre extend the Mahatma Gandhi National Rural Employment Guarantee scheme for 200 days for each family from 100 now, inclusion of agriculture and allied sector work under the scheme and restoration of the old pension scheme. In its pre-budget meeting with the finance minister Nirmala Sitharaman, BMS general secretary Ravindra Himte demanded increasing the minimum pension under the Employees’ Pension Scheme (EPS), 1995 from Rs 1,000 to Rs 5,000 while enhancing of honorarium of scheme workers, especially for Asha, Aanganwadi, Mid-day Meal and National Health Mission workers. “The government must ensure provision of adequate funding for Beedi and other unorganised sector welfare boards and a minimum monthly pension of Rs 5000 and variable dearness allowance along with benefits of Ayushman Bharat for all EPS 95 pensioners,” it said in a statement issued on Tuesday.

Roshan Agarwal highlighted the risks associated with Futures and Options (F&O) trading in India, which has seen a significant increase in trading volume in recent years. Agarwal shared the case of a third-year BTech student who had incurred substantial losses through F&O trading, a situation that came to light during the filing of the student's Income Tax Return (ITR). Agarwal disclosed that the student had no income but had suffered a loss of 26 lakhs in F&O trading this year, following a Rs 20 lakh loss the previous year. Despite Agarwal's efforts to dissuade the student from pursuing quick income through F&O trading, the student returned with even bigger losses, according to the post. The student admitted to being addicted to trading, borrowing money from banks, friends, and even taking funds from his parents' accounts without their knowledge to finance his trading activities, the CA said. Agarwal's post highlighted the role of influencers on social media platforms like Instagram and Telegram, who promote unrealistic dreams of quick riches, enticing naive individuals into risky trading without understanding its complexities. Many netizens were astonished by the extent of the student's losses and questioned how he managed to secure such funds without his parents' awareness.

Nitin Bhasin, the head of institutional equities at Ambit, says negative earnings surprises have increased over the last two quarters, which may continue, leading to a potential de-rating of market multiples over the next 12 months. He believes the current financial year (FY25) may be a year of earnings normalisation, and small and mid-caps, trading at near all-time high valuations, will likely benefit from a bottom-up approach.

₹23.11 crores at the upper band through this IPO, with shares set to be listed on the NSE Emerge platform.The company partners with major banks and non-banking financial companies (NBFCs) in India and specializes in distributing and selling financial products, such as credit cards and loans.Also Read: How Hyundai India IPO may affect Maruti Suzuki, Tata Motors and M&M shares?Let us check Akiko Global Services IPO GMP, subscription status, and other key details.Akiko Global Services IPO has been subscribed 0.50 times so far on Tuesday, the first day of the bidding process. The public issue received bids for 10.44 lakh equity shares as against 20.81 lakh shares on the offer, as per the data available till 2:05 pm.The IPO has been subscribed 0.96 times in the retail category, and 0.20 times in the Non-Institutional Investors (NII) category so far.Akiko Global Services IPO GMP today, or grey market premium today, is ₹18 per share, according to stock market observers.

demat accounts will occur today, Tuesday, June 25. Today will also see the completion of the share refund procedure for those who have not yet received them.According to BSE data, the Akme Fintrade IPO subscription status on the third day of bidding was 55.12 times.

Indian stock market: Market indices Sensex and Nifty touched a new record high on Tuesday's trading session. On June 25, the Sensex surged by 600 points, scaling to 78,000 mark and the Nifty exceeded the 23,600 mark to reach new record highs.

Also Read: Holding company shares jump after Sebi's special auction planSebi had issued a discussion paper earlier this month which said that the stock derivatives should have sufficient liquidity and trading interest from market participants.Derivatives trading has been gaining momentum among retail traders and the notional value of options traded in India more than doubled in FY24 to $907.09 trillion from the year before.Meanwhile, the number of influencers giving financial advice on social media platforms has also increased drastically due to the increased retail investors’ participation in equity markets.Also Read: Quant Mutual Fund: What investors should do after Sebi's action to probe front-running?Sebi has proposed that brokers and mutual funds stop associating with unregistered influencers in order to ensure these influencers do not mislead investors.The regulator has formed a group of exchanges, brokers and mutual funds this week “to suggest any additional changes needed to remove risk of manipulation and ensure retail investors are protected against risks in options contracts," the Reuters report added quoting one of the sources.Moreover, Sebi board is also expected to consider changes and simplify the delisting rules for companies from stock exchanges, the report said.

Stock market today: Shares of Mangalam Global Enterprise Ltd, a small-cap stock priced under ₹50 per share, are showing promising signs. Today, the stock opened with an upside gap at ₹20.58 per share and touched an intraday high of ₹21.90 within a few hours of the stock market's opening bell.

Register here: https://app.hyperliquid.xyz/join/AWDHyperliquid stands as a groundbreaking order book perpetual futures decentralized exchange (DEX). It mirrors the functionalities of top-tier centralized exchanges (CEXs) but operates entirely on-chain.Powered by the Hyperliquid L1, a specialized blockchain engineered using the Tendermint SDK, this DEX achieves remarkable performance levels, managing the entirety of its operations—from order placement to cancellation, trading, and liquidation—transparently on-chain, with block latency less than 1 second.

Register here: https://app.gmx.io/#/trade/?ref=PROGMX functions as a decentralized spot and perpetual exchange, boasting minimal swap fees and negligible price impact on trades. Its trading infrastructure relies on distinctive multi-asset pools, allowing liquidity providers to earn fees from market making, swap transactions, and leveraged trading.

IPO) of Luxury furniture maker Stanley Lifestyles was booked 9.64 times so far on the third day of the bidding process. The issue closes today. The category reserved for NIIs was subscribed by a little over 22 times while the retail investors subscribed the issue by over 8 times. Meanwhile, the QIB portion of the issue was booked at just 1.6 times.

initial public offer (IPO) of Allied Blenders & Distillers (ABDL), which opened for subscription today, has been booked 10% so far on the first day of the bidding process. Retail investors are driving the demand with a subscription of 15%, followed by non-institutional investors, whose category was booked by 11%. The part reserved for employees was booked 60% while Qualified Institutional Buyers (QIBs) have not yet subscribed to the issue.

Asian stocks rise after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied

Tata Power Company Ltd. traded 1.15 per cent down in Tuesday's trade at 11:41AM (IST). Around 424,523 shares changed hands on the counter. The stock opened at Rs 435.7 and touched an intraday high and low of Rs 437.9 and Rs 430.45, respectively, in the session so far. Shares of the company of Tata Power Company Ltd. quoted a 52-week high of Rs 464.3 and a 52-week low of Rs 216.35.

InterGlobe Aviation Ltd. traded 1.42 per cent down at Rs 4253.2 on Tuesday at around 11:46AM (IST), while the benchmark BSE Sensex advanced 195.37 points to 77536.45. As many as 6,868 shares changed hands on the counter with a total value of Rs 2.94 crore.

Crompton Greaves Consumer Electricals Ltd. fell 0.24 per cent to Rs 430.0 in Tuesday's trade as of 12:01PM (IST) even as the benchmark Nifty ruled at 23590.75, up 52.91 points. The scrip had closed at Rs 431.05 in the previous session. The stock quoted a 52-week low of Rs 262.1 and a high of Rs 436.6. The company quoted a market-cap of Rs 27846.53 crore on the BSE.