Trade Financial News

China's Commerce Ministry has accused the European Union of making unreasonable demands in its investigation into imports of Chinese electric vehicles before announcing it was raising tariffs by as much as 38%

Stocks that are trading heavily or have substantial price changes on Thursday: Accenture, KB Home rise; Snap, Jabil fall

Bitcoin miner reserves have reached their lowest level in more than 14 years, falling to 1.90 million BTC as of June 19, 2024. This significant decline marks the lowest point since February 2010, reflecting a trend where miners hold less Bitcoin on their balance sheets.

The global crypto market cap dropped this month. A few top meme coins, like Shiba Inu, have also seen their prices drop.

According to The Insight Partners , the copy trading market is set to expand from $2.2 billion to $4 billion by the end of the decade. This burgeoning market offers a pivotal opportunity for brokers to deploy advanced copy trading platforms that meet trader expectations.

The NSE Nifty 50 settled 0.22% higher at 23,567, while the S&P BSE Sensex added 0.18% to 77,479.

Also fuelling prices were worries of escalating conflict in the Middle East, with fears of supply disruption in the major oil-producing region.

Nirmala Sitharaman to increase Securities Transaction Tax (STT) on high frequency traders. The demand was put before the FM in a pre-budget consultation meeting on Thursday. STT is applicable on every sale and purchase of equities listed on the exchanges. The rate of STT during the sale of options or futures is 0.017% and 0.01%, respectively.

Against this backdrop, World Trade Center Mumbai and the All India Association of Industries are set to host the 9th edition of their flagship event, the Global Economic Summit, themed ‘FinTech: Accelerating the Digital Revolution,’ from August 8-10, 2024. The summit will discuss pathways and strategies to meet the unmet credit needs of micro, small and medium enterprises (MSMEs), women entrepreneurs, and underserved communities through digital solutions such as paperless credit, account aggregator framework, cash-flow-based funding, alternative credit scoring methods, and so on. Moreover, central banks are encouraging their traditional banks to deploy technologies to promote digital supply chain financing for MSMEs and digital payments.

Indian stock market: The domestic benchmark equity indices, Sensex and Nifty 50, closed Thursday's session higher despite encountering volatility throughout the trading day. The 30-share BSE Sensex concluded the session with a gain of 141.34 points, or 0.18 per cent, closing at the level of 77,478.93. Meanwhile, the Nifty 50 finished at 23,567.00, up by 51.00 points, or 0.22 per cent.“Nifty index opened positive and remained choppy in a range of 180 points throughout the day.

Milkfood Ltd Share Price: Shares of fast-moving consumer goods (FMCG) major Milkfood Ltd rallied 20 per cent on Thursday, June 20, after the company announced that it may consider announcing an interim dividend and a bonus issue soon. The FMCG major declared that it will conduct its board meeting on June 25 where it may consider approving the dual corporate action.In a regulatory filing to the stock exchanges, Milkfood said, ‘’We hereby inform you that a Meeting of the Board of Directors of the Company will be held on Tuesday, the 25th day of June, 2024 to inter alia, consider and approve the following matter:1.

CoCo Coin ($CoCo) offers community members the unique opportunity to get rewarded for their social interactions on Twitter. This meme-driven ecosystem is inspired by the popular ‘Pepe the Frog’ meme, combining meme culture with unique earning opportunities.

CE Info Systems Ltd., the owner of MapmyIndia, hit a 20 percent upper circuit on Thursday's trading session after Goldman Sachs began coverage with a 'buy' rating and a price target of ₹2,800, indicating a potential 40 percent upside from the stock's last closing price.Goldman Sachs believes that CE Info Systems is well-positioned to capitalize on its early leadership in rapidly growing markets. The domestic navigation company holds over 80 percent of the market share in automotive OEM navigation software.The research firm also noted that the emerging mobility business presents a larger opportunity than the core automotive business.The corporate and government markets offer significant growth opportunities for the company.

Shares of Prestige Estates Projects Ltd.(up 7.84 per cent), Macrotech Developers Ltd.(up 2.48 per cent), Brigade Enterprises Ltd.(up 1.72 per cent), DLF Ltd.(up 1.71 per cent) and Sobha Ltd.(up 1.42 per cent) ended the day as top gainers in the pack.

Accenture projected annual revenue growth largely above estimates on Thursday, as growing adoption of artificial intelligence offsets sluggish growth in enterprise spending, sending its shares up 3% in premarket trading. Generative AI technologies used to automate certain operations are helping companies boost productivity and save costs.

Domestic benchmark index NSE Nifty ended 51.0 points up at 23567.0, while the BSE Sensex closed 141.34 points up at 77478.93.

“Kuch to gadbad hai, Daya (Something is certainly amiss, Daya)!" ACP Pradyuman may have drawn inference to the murky world of financial influencers across social media in the reel world if ‘CID’ was tasked to investigate the labyrinthine world of online stock trading advice, where the rules are blurred and profits beckon. However, in the real world, he is as much a part of the systemic rot, wittingly or unwittingly, as he shares screen space with ‘Captain Cool’ Mahendra Singh Dhoni in promoting a popular platform offering futures and options subscriptions by Securities and Exchange Board of India (Sebi)-registered analysts (RAs).

Cyient DLM, which hit the Indian secondary market on July 2023, have been maintaining a steady upward trend, rewarding their shareholders handsomely. During this period, the shares have jumped from ₹265 (IPO price) apiece to the current level of ₹751, translating into a gain of 183%.

Stock market today: The domestic benchmark equity indices, Sensex and Nifty 50, ended Thursday's session in green after struggling through some volatility during the trade. Metal, real estate, and bank stocks led the indexes, despite a lack of strong global indications.The 30-share BSE Sensex ended higher by 141.34 points or 0.18% at 77,478.93 level while the Nifty 50 closed at 23,567.00 level, up 51.00 points or 0.22%.On the broader market front, the Nifty Midcap 100 closed 0.95% higher, while the Nifty SmallCap 100 ended up 0.61%, both outperforming the benchmark indices. The fear gauge index, the India VIX closed 2.68% lower on Thursday.

European markets have opened higher after a mixed day of trading in Asia

Malaysian Prime Minister Anwar Ibrahim rejects the notion that China’s dominance is to be feared