Trade Financial News

Benchmark NSE Nifty index rose 18.71 points to 23519.8 amid buying in frontline bluechip stocks.

InterGlobe Aviation Ltd. traded 0.39 per cent up in Monday's trade at 11:26AM (IST). Around 16,651 shares changed hands on the counter. The stock opened at Rs 4309.9 and touched an intraday high and low of Rs 4333.95 and Rs 4268.0, respectively, in the session so far. The stock of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 4610.0 and a 52-week low of Rs 2334.95.

Voltas Ltd. gained 2.35 per cent to Rs 1520.35 at 11:31AM (IST) in Monday's trade. The counter hit a high of Rs 1528.0 and low of Rs 1470.35 so far during the session. The stock had closed at Rs 1485.4 in the previous session. The counter had a total traded volume of 11:31AM shares so far with a turnover of Rs 2.78 crore on BSE. The stock traded at a price-to-earnings multiple of 195.15 and a price-to-book ratio of 6.27.

Colgate-Palmolive (India) Ltd. traded at Rs 2824.65 on BSE at 11:36AM (IST) on Monday, down 0.06 per cent. The stock quoted a 52-week low price of Rs 1625.0 and a high of Rs 3068.95. Earlier in the day, the stock saw a gap down opening.

₹75, which is 7.14% higher than the issue price of ₹70. Following a tepid listing, stock gained over 12% trading at ₹78.75 apiece at 10:10 IST. The price band for the United Cotfab IPO was set at ₹70 for each equity share, which has a face value of ₹10.

Stanley Lifestyles IPO: The initial public offering (IPO) of Stanley Lifestyles Limited commenced on 21st June 2024, and will continue until 25th June 2024. The IPO was met with a strong response from primary market investors, with the public offer being fully subscribed on the first day of bidding.

₹740 apiece by gaining 2.25% in today's early morning trade after the company announced that its wholly owned subsidiary -JSW Neo Energy Limited received a Letter of Award (LoA) for setting up a 300 MW ISTS-connected wind-solar hybrid power project from Solar Energy Corporation of India Limited (SECI) against a tariff-based competitive bid invited for setting up 1,200 MW ISTS-connected wind-solar hybrid power projects (Tranche VIII).Subsequent to this capacity award, the company's total locked-in capacity increases to 13.6 GW. The company expects to have an installed generation capacity of 9.8 GW by CY24, up from 7.3 GW currently.Also Read: Multibagger Garden Reach Shipbuilder share price rises 7% on a $54 million orderWith this hybrid project, the company strengthens its energy solution offerings while moving towards an energy products and services company.The company said it has a total locked-in generation capacity of 13.6 GW, comprising 7.3 GW operational, 2.6 GW under construction across wind, thermal, and hydro, and a pipeline of 3.7 GW.

The price change in 24 carat gold in the last one week has been -1.59% .whereas in the last month it has been -1.95%.The cost of silver is Rs.90850.0 per kg Gold Price Today in Chennai is ₹74274.0/10 grams. Yesterday’s Gold Price on 23-06-2024 was ₹74274.0/10 grams. and last week’s gold price on 18-06-2024 was ₹73806.0/10 grams.

Moneycontrol reported.Quant Mutual Funds, the fastest growing MF in the country with asset under management (AUM) of more than ₹90,000 crore, issued a statement saying it will cooperate with the regulator.Front-running, also known as tailgating, is a form of market manipulation.It is trading in a stock or a financial instrument by a broker who has inside information about a future transaction that would affect its price. The broker works on the basis of information that is not out in public, on whether a firm is about to buy or sell, or issue recommendations, that would affect the price of securities in the market.SEBI defines front-running as an unethical practice where brokers trade an equity based on information from the analysis department before their clients have been provided the information.

Quant Mutual Fund got its MF license from the markets regulator in 2017 and is the fastest-growing mutual fund in the country with over ₹90,000 crore of assets under management (AUM).Issuing a clarification, the company said it is “fully committed to co-operate with the regulator" and "will provide all necessary support and continue to furnish data to SEBI on a regular and as-needed basis".Front-running is an illegal practice where fund managers or, dealers or brokers, who are aware of upcoming large trades, place their own orders beforehand to profit from the anticipated price movement when the large trade is executed.Amid this, we take a look at all you need to know about Quant Mutual Fund. According to the official website, the financial services business emerged "in the midst" of the 2008 global financial crisis.

The Nifty future closed negative with losses of 0.52% at 23460 levels on Friday. India VIX was down by 1.24% from 13.34 to 13.18 levels.

shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since the pandemic disrupted global supply chains in 2021. The rate for a 40-foot container to Genoa, Italy, from China hit $7,029 over the past week, the highest level since September 2022, according to the Drewry World Container Index released Thursday. The cost to Rotterdam increased to $6,867. Both rates have essentially doubled since April. Register for the ET MSME Day 2024 here.

Bab el-Mandeb chokepoint to a new level and is driving a fresh surge in insurance costs. The British navy said Tuesday that the only visible objects in the last known location of the Tutor dry-bulk carrier — at which point it was semi submerged — were some debris and an oil slick. Yemen’s Houthi militants managed to strike it with a seaborne drone, killing one crew member and injuring others. They said they eventually sank it with explosives. Register for the ET MSME Day 2024 here.

Dixon Technologies (India) Ltd investors are sitting on handsome gains. The stock has delivered almost 150% in the last one year, and nearly 30% in the last one month. Dixon is engaged in electronic manufacturing services (EMS), and the prospects for the sector are bright thanks to the government’s initiatives to boost manufacturing through various production-linked incentives (PLI) schemes.

demat accounts.Also Read: Akme Fintrade India IPO: Here's what latest GMP indicates as focus shifts to allotment; How to check online?Individuals who received shares will have their demat accounts credited on Tuesday, June 25. The refund procedure will also begin on Tuesday.Akme Fintrade IPO listing date is fixed for Wednesday, June 26 on BSE and NSE.If you have applied for the Akme Fintrade IPO, you can do a Akme Fintrade IPO allotment status check immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd - https://ipo.bigshareonline.com/ipo_status.htmlUse the Bigshare URL, https://ipo.bigshareonline.com/ipo_status.html, to directly input your login details.- Link to the Akme Fintrade IPO allotmentFrom the list of firms, choose "Akme Fintrade IPO."Opt for "PAN Number, Beneficiary ID, or Application No./CAF No."Simply press "Search."You may view your Akme Fintrade IPO on your phone's display or a computer monitor.Also Read: Akme Fintrade IPO closes today: Issue oversubscribed by 55.12x.

Sebi conducted search and seizure operations in a suspected case of front-running, Quant Mutual Fund said it is cooperating with the regulator and remains committed to delivering superior risk-adjusted returns. «Recently, quant Mutual Fund has received inquiries from SEBI, and we want to address any concerns you may have regarding this matter. We want to assure you that Quant Mutual Fund is a regulated entity, and we are always fully committed to cooperate with the regulator throughout any review. We will provide all necessary support and continue to furnish data to SEBI on a regular and as-needed basis,» Quant said in a note to clients. While reiterating that its primary goal of delivering superior risk-adjusted returns to investors remains unchanged, the AMC said, «We appreciate the confidence, faith, and strength of 80 lacs plus folios and 93,000 AUM and we believe that the same support will continue as quant’s research capabilities and analytical tools will keep our investors ahead in the curve and we remain committed to delivering superior risk-adjusted returns in the future too.»

Out of the lot, two are Nifty companies, i.e., Titan and IndusInd Bank, along with other names like Bajaj Holdings & Investment, Voltas, REC, etc.

Balrampur Chini Mills, Chambal Fertilisers, GNFC, Hindustan Aeronautics, Granules, Hindustan Copper, Indus Towers, and Piramal Enterprises. While Birlasoft managed to come out of the ban list on Monday, Chambal Fertlisers and Granules are new entrants.

Ajay Bagga, Market Expert, says the size of the order flow has started coming down in IT because companies are not willing to give very long-term orders or very large orders given the way AI is disrupting the entire industry. But within the next one year, we will start seeing the first case studies coming out where Indian IT companies will start enabling the hardware gains to come into actual industries via some software and that is where Indian IT will start scoring. Probably, we can wait it out for three months more. Do private banks and the underperforming ones seem to be the only value zone in the market right now?

However, broader sentiment will likely get a boost by the inflows after domestic bonds are included in JPMorgan's emerging market debt index later this week.

Retail buying on 4 June pushes F25 buys to levels seen in whole of F24 Let’s come to the second reason. Buffett bought into Apple when it was trading at about 10 times earnings (P/E of 10). Unbelievable, right? Today, of course, Apple trades at a P/E of about 33x, based on past earnings.