Trade Financial News

Shares of Persistent Systems Ltd.(up 1.46 per cent), Tech Mahindra Ltd.(up 0.87 per cent), LTIMindtree Ltd.(up 0.65 per cent), MphasiS Ltd.(up 0.4 per cent) and Infosys Ltd.(up 0.27 per cent) ended the day as top gainers in the pack.

Benchmark NSE Nifty closed 51.0 points up at 23567.0 amid buying in frontline bluechip counters.

The NSE Nifty index ended the session 51.0 points up at 23567.0, while BSE Sensex rose 141.34 points to 77478.93.

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained under pressure around $65,100, hitting an intraday low of $64,700. Cryptocurrency hedge funds cut their Bitcoin holdings to the lowest level since October 2020, intensifying selling pressure.

Alkyl Amines Chemicals Ltd share price gained more than 7% during the intraday trades on Thursday. Alkyl Amines Chemicals share price opened at ₹2025 levels on Thursday on the BSE with gains of around 1% over the previous close.

Also Read: Budget 2024: Will Finance Minister Nirmala Sitharaman increase income tax exemption limit?“The government and regulators have been worried for quite some time about the increased participation of retail investors in the derivatives market. There are fears that if markets correct, there could be significant losses to retail investors, leading to overall dampening of sentiments," the source told Financial Express.Income from F&O transactions is now taxed as business income.

FACT (The Fertilisers and Chemicals Travancore) were locked in the 20% upper circuit limit at ₹1,093 apiece, resulting in a gain of nearly 71% in just 11 sessions. Similarly, other stocks such as Rashtriya Chemicals & Fertilizers, National Fertilizers, Madras Fertilizers, Chambal Fertilisers & Chemicals, Gujarat State Fertilizers & Chemicals, Paradeep Phosphates, Zuari Industries, and Coromandel International have all gained between 3% and 19% in today's intraday trade.Also Read: GSFC share price rises 7%: Prabhudas Lilladher expects more than 20% upside for the stockInvestors anticipate that the rise in MSP will enhance farmers' purchasing power, thereby stimulating their investment in agricultural inputs like fertilisers.

Marico Ltd. gained 0.58 per cent to Rs 625.0 at 11:36AM (IST) in Thursday's trade. The scrip hit a high of Rs 628.9 and low of Rs 616.0 so far during the session. The stock had closed at Rs 621.35 in the previous session. The counter had a total traded volume of 11:36AM shares so far with a turnover of Rs 0.51 crore on BSE. The stock traded at a price-to-earnings multiple of 54.04 and a price-to-book ratio of 16.73.

Info Edge (India) Ltd. gained 1.27 per cent to Rs 6324.0 in Thursday's trade. It hit a high of Rs 6333.0 and low of Rs 6200.2 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 5132.32, while the 50-DMA was at Rs 6041.0. 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.

Suzlon Energy hit a 5% upper circuit at Rs 51.3 in Thursday's trade on BSE amid reports of a block deal executed on the counter. As per reports, 0.3% equity of Suzlon Energy changed hands in a block deal.

ETMarkets analysed the results of BSE500 companies in FY24 and found that about 45 companies have consistently maintained profit margins of at least or over 25% throughout the year. Out of these, 9 companies have delivered multibagger returns to investors in the last one year period.

Indian Oil Corporation Ltd. gained 1.58 per cent to Rs 169.45 at 10:55AM (IST) in Thursday's trade. The stock has hit a high of Rs 169.75 and low of Rs 166.25 so far during the session. The stock had closed at Rs 166.8 in the previous session. The counter has had a total traded volume of 815130 shares so far with a value of Rs 13.7 crore on the NSE. It traded at a price-to-earnings multiple of 5.66 and a price-to-book ratio of 1.26.

monsoon in many parts of the country has raised concern over the cultivation of kharif crops such as paddy, pulses and soyabean, even though experts still believe any shortfall can be largely mitigated if rainfall picks up by the first week of July. Soyabean Processors Association (SOPA) said only 10% of the area in Madhya Pradesh – the largest producer of the crop – has been sown for soyabean cultivation this year as compared to 50%-60% by this time last year while in West Bengal and Uttar Pradesh, a majority of farmers are waiting for rains to sow paddy. The pulses trade is worried about the impact of delayed monsoon on tur and urad crops, whose prices have gone up in the last two years due to less production and increased imports. Among pulses, tur, urad and moong are cultivated during the kharif season.

«If you are taking a three-five-year view, I think that even in capital goods and manufacturing, there are some really lucrative opportunities which have really not done as well as the broader capital goods and manufacturing space and that is where, again, there will be money on the table and you can make substantial moneys from here in the next two to three years,» says Anshul Saigal, Founder, Saigal Capital. What should one do simple? Which are the ideas where you think big money could be made? Which are the stocks which you think one should completely avoid, whether it is because of business risk or valuation risk? Anshul Saigal: I can tell you where I am an investor and where I see opportunity. I can tell you that rural economy is at the cusp of a turn and while we have had a raging bull market, stocks which are leveraged to the rural economy, discretionary rural economy, those are half from their all-time highs, so that segment has been a complete laggard because the broad market has been weak.

Bandhan Bank Ltd.(up 3.11 per cent), Au Small Finance Bank Ltd.(up 1.75 per cent), Federal Bank Ltd.(up 1.72 per cent), Kotak Mahindra Bank Ltd.(up 1.4 per cent) and IDFC First Bank Ltd.(up 1.15 per cent) were among the top gainers.

Domestic benchmark index NSE Nifty gained 11.3 points to 23527.3, while the BSE Sensex traded 16.62 points up at 77354.21.

Western Moscow Exchange sanctions look set to drive up Russian interest in cryptoassets such as USDT, a survey of traders and investors has found.

The price change in 24 carat gold in the last one week has been -0.1% .whereas in the last month it has been 4.18%.The cost of silver is Rs.88460.0 per kg up by Rs.640.0 per kg. Gold Price Today in Delhi is ₹73210.0/10 grams. Yesterday’s Gold Price on 19-06-2024 was ₹73519.0/10 grams.

Stock Market News: The domestic benchmark equity indices, the Sensex and the Nifty 50 started Thursday's session in green but however traded flat-to-negative amid mixed global cues.The Sensex began 96.95 points higher at 77,434.54, while the Nifty 50 gained 21.40 points to 23,537.40.The opening levels revealed a restrained but optimistic mood among traders, with predictions of sectoral performance shaping early trading patterns.Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, believes that the present market trend is a significant sectoral churn.

₹114 to ₹120 per share. At the upper-end of the price band, the company plans to raise ₹132 crore from the issue which is entirely a fresh issue of 1.1 crore share.The NBFC intends to utilise the fresh issue proceeds for augmenting its capital base.Akme Fintrade India IPO lot size is 125 shares and the minimum investment amount required by retail investors is ₹15,000.

Uno Minda shares appears set to continue, even after 15 consecutive months of upward momentum without significant pullbacks. In today's trade, the shares extended their bull run, reaching a new all-time high of ₹1,188 apiece with a 12.60% intraday gain.This latest spike in share prices followed a report from global brokerage firm Goldman Sachs, which initiated coverage on the stock with a 'buy' rating and set a target price of ₹1,350 apiece.