Trade Financial News

commerce ministry's investigation arm DGTR has recommended the continuation of countervailing or anti-subsidy duty on welded stainless steel pipes and tubes from China and Vietnam to guard domestic players. In a notification, the Directorate General of Trade Remedies (DGTR) has said that there is a likelihood of injury to the domestic industry in the event of cessation of present countervailing duty on the imports from these two nations. «The authority has reached a conclusion that the duty imposed on subject goods is required to be extended further...The authority recommends extension of countervailing duties on imports of the product under consideration,» the DGTR has said. The directorate has recommended a duty of up to 29.88 per cent on the product.

Just as optimism is growing among investors that a rally in US Treasuries is about to take off, one key indicator in the bond market is flashing a worrying sign for anyone thinking about piling in.

Shares of Persistent Systems Ltd.(up 0.6 per cent), Tata Consultancy Services Ltd.(up 0.16 per cent) and Tech Mahindra Ltd.(up 0.14 per cent) ended the day as top gainers in the pack.

Shares of Au Small Finance Bank Ltd.(up 1.79 per cent), ICICI Bank Ltd.(up 0.99 per cent), Bank of Baroda(up 0.45 per cent) and HDFC Bank Ltd.(up 0.4 per cent) ended the day as top gainers in the pack.

India's Adani Group is «well positioned» to capitalize on opportunities in the country's booming infrastructure sector as spending is expected to surge, Chairman Gautam Adani told investors on Monday. The group, which has businesses across ports, power utilities, transmission and coal trading, is betting on India's infrastructure spending that is expected to grow at a compounded annual growth rate of 20%-25%, Adani said.

China is deeply concerning and has raised serious allegations of human rights abuses, including forced organ harvesting. In March, during a US congressional committee hearing, experts had claimed that Chinese authorities had gathered genetic information from the Muslim Uyghur minority, with the aim of supporting a forced organ transplant programme targeted at attracting Muslim medical tourists from Gulf states.

initial public offer (IPO) of luxury furniture maker Stanley Lifestyles was booked 3.2 times so far on the second day of the bidding process. The issue closes tomorrow. The categories reserved for NII and retail investors were subscribed over 4 times, respectively. The QIB portion of the issue was booked at just 30%.

Quant Mutual Fund (MF), currently under Sebi’s scrutiny for a suspected front-running case, indicated that it would require 28 days to liquidate 50% of its smallcap portfolio, as per stress test results released by the AMC. For liquidating 25% of its portfolio, the smallcap fund would need 14 days. In the case of Quant Mid Cap Fund, it would require 9 days to liquidate 50% of its portfolio and 5 days to liquidate 25%. According to the stress test results from the fund house, the trailing 12-month PE ratio for the midcap fund benchmark has risen above its levels from one year ago and two years ago. For the smallcap index, the trailing 12-month PE ratio is higher than it was one year ago and close to its level from two years ago.

«There will always be some slowdown or pickup in the economy, but I do not envisage a material and a broad-based general slowdown from a pure macro perspective,» says Vinay Paharia, CIO, PGIM India Mutual Fund. There is a sense in the market that maybe some amount of fatigue maybe actually coming in with all triggers playing out and there is, in fact, some concern that first quarter numbers may actually not be that great. Is that a legitimate concern? Vinay Paharia: You will have to look at concerns from a different angle. From a broad macroeconomic perspective, we are clearly cruising at high speed. There will always be some slowdown or pickup in the economy, but I do not envisage a material and a broad-based general slowdown from a pure macro perspective.

DLF Ltd. traded at Rs 836.5 on BSE at 01:59PM (IST) on Monday, down 2.25 per cent from previous close. The stock quoted a 52-week low price of Rs 461.55 and a high of Rs 967.0.

Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This month we track the upcoming monetary policies, the G7 summit held in Italy, and how rising temperatures are ringing alarm bells.

demat accounts.The initiation of the refund process will commence on Tuesday, June 25 for individuals not given shares. Those allotted will receive their shares in their demat accounts on the same day itself.Falcon Technoprojects IPO listing date is scheduled for Wednesday, June 26.If you have applied for the Falcon Technoprojects IPO, you can do a Falcon Technoprojects IPO allotment status check online on the website of the IPO registrar, Kfin Technologies Ltd today.Here's Falcon Technoprojects IPO allotment link - https://ris.kfintech.com/ipostatus/Five links will appear when you click the previously stated link, allowing you to view the status.Open one of the five provided URLs, then select Falcon Technoprojects IPO from the drop-down box in the "Select IPO" section.Choose the PAN, the Demat Account, or the Application No.

Asian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run

Poland’s President Andrzej Duda is in China on a visit that brings the leader of a NATO member to a country that has backed Russia in its full-on invasion of Ukraine

Ujjivan Small Finance Bank fell 7.56% in today's intraday trade, hitting a 3-week low of ₹44.70 apiece after the management reduced the bank’s loan growth guidance to around 20% for FY25, down from the earlier guidance of 20%–25%. Additionally, the bank increased its credit cost guidance to 1.7%, up from the previous 1.4%–1.5%.This adjustment is due to increased stress in microfinance in certain hotspot states such as Punjab, Haryana, Gujarat, UP, and Kerala.

Stock market today: Financials and metals were the primary drivers of Monday's declines in the domestic benchmark indices, the Sensex and Nifty 50. A report indicating that the markets regulator was looking into claims of "front-running" at Quant Mutual Fund also caused some small- and mid-cap stocks to fall.The Nifty 50 began trading at 23,382.30 level, down 118.80 points or 0.51%, while the 30-share BSE Sensex opened down by 324.18 points or 0.42% at 76,885.65 level.Also Read: Stocks to buy: PVR INOX, Kalyan Jewellers among 10 stocks that may rise 8-17% in the next 3-4 weeks, say analystsAnalysts predicted that the national budget declaration next month and the earnings season will have an impact on the direction of the markets.On the future and options (F&O) market, Bank Nifty so far added 60.93 lakh contracts in open interest whereas 84.31 lakh have been added in Put open interest, while Nifty 50 so far today have added 90.54 lakh contracts in open interest; whereas 1.62 crore have been added in Put open interest.

Indian Hotels Company Ltd. gained 1.36 per cent to Rs 645.55 at 11:47AM (IST) in Monday's trade. The scrip has hit a high of Rs 654.0 and low of Rs 631.1 so far during the session. The stock had closed at Rs 636.85 in the previous session. The counter has had a total traded volume of 94598 shares so far with a value of Rs 6.08 crore on the NSE. It traded at a price-to-earnings multiple of 72.02 and a price-to-book ratio of 8.9.

Shree Cements Ltd. 0.0 per cent to Rs 27388.3 in Monday's trade as of 12:02PM (IST) even as the benchmark Nifty ruled at 23532.9, up 31.81 points. The scrip had closed at Rs 27390.1 in the previous session. The stock quoted a 52-week low of Rs 22601.3 and a high of Rs 30710.15. The company quoted a market-cap of Rs 98447.04 crore on the BSE.

Bharat Forge Ltd. gained 0.23 per cent to Rs 1755.95 in Monday's trade. It hit a high of Rs 1775.0 and low of Rs 1735.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1219.55, while the 50-DMA was at Rs 1446.77. 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.

Nanda's job at General Electric Co. back then was putting some plastic between the bumper and the beam of a Suzuki Swift. The plastics division, which traced its history to the early days of synthetic rubber, had hired the young engineer from the state-run Defense Research & Development Organization, placed him at one of GE’s new facilities on the outskirts of Bengaluru, and asked him to find a cost-efficient way to reduce the impact on pedestrians in auto accidents.

Quant Mutual Fund has lakhs of investors worried about the fate of their investments. While raiding Quant's Mumbai headquarter and the Hyderabad premises of suspected beneficiaries, Sebi has seized mobile phones, computers and other digital devices to find out who was leaking confidential information from the asset management company to make illicit profit. The hand of either a dealer from a Quant entity or a broking firm through which the AMC places order is being suspected in the case, ET reported.