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Stocks that were in focus include names like REC, which fell 2.12%, Power Finance Corp, which declined 1.72%, and Motilal Oswal, whose shares gained 4.05% on Wednesday.

rate decision from the Bank of England (BoE) later in the day, while the dollar was on the back foot as it awaited fresh market catalysts. Currencies were trading in tight ranges following a holiday in the United States and as investors looked not only to the BoE but also central bank decisions in Switzerland and Norway.

JP Morgan announced the inclusion of Indian government debt in its emerging markets index, the incremental ownership of sovereign bonds by foreign portfolio investors has climbed more than $10 billion, with purchases topping the billion-dollar threshold so far this month. As of June 18, the indicative value of aggregate FPI holdings in Fully Accessible Route (FAR) government bonds was at ₹1.79 lakh crore, having registered an increase of ₹84,105.70 crore (around $10.01 billion) from September 22, 2023 — the day JP Morgan announced India's index inclusion, Clearing Corporation of India (CCIL) data showed.

Private lenders surged in choppy trading on Wednesday helping the Bank Nifty index cross the 51,000-mark for the first time, bolstered by liquidation of bearish derivative bets. The index comprising nine private and three state-owned lenders hit an all-time high of 51,957 before closing at a record 51,439.9, up 2% over Tuesday. The Sensex ended 0.1% higher, while the Nifty fell 0.2% after shuttling between gains and losses.

engineering goods export to the US continues to decline, the Indian government has agreed to study the possibility of signing an FTA (free trade agreement) with Mexico as several US companies, including Tesla, have set up manufacturing bases there. Indian industry wants to access the US market by having an FTA with Mexico as the US is the top destination for India’s engineering exports. Pankaj Chadha, senior vice chairman, Engineering Export Promotion Council (EEPC) said, “Most of the USA’s manufacturing has shifted to Mexico, including Tesla’s new plant. And the only way for India to increase our engineering goods export to the USA is to have an FTA with Mexico.” EEPC, a body affiliated with the commerce ministry, represents one fourth of India’s engineering exports, while engineering goods account for 25% of the merchandise exports from India.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, is struggling to maintain its value, staying below the $65,500 mark and hitting an intraday low of $64,100.

AI meme coin WienerAI ($WAI) has been stealing the show with its ongoing presale, which recently exploded past the $6 million milestone.

A recent decision by the Federal Court of Appeal serves as a reminder to all Canadians that if you actively trade marketable securities in your tax-free savings account, the Canada Revenue Agency may consider this activity to constitute a business, and the TFSA, rather than being tax free, could be subject to tax on its business income.

₹76,220 crore port in Maharashtra that will boost cross-border trade and a ₹2,869.65 crore expansion of the airport at Varanasi—Prime Minister Narendra Modi's parliamentary constituency. It also decided to increase the minimum support price for kharif crops and approved funds for a forensic university, Information and Broadcasting minister Ashwini Vaishnaw told reporters after the meeting.Read Also: In 100-day agenda, food processing ministry to incorporate reduction of food wastage in supply chainVaishnaw said the proposed “all-weather greenfield deepdraft major port" at Vadhavan in Maharashtra will be one of the top 10 ports in the world.The project will be carried out by Vadhavan Port Project Ltd (VPPL), a company set up by the Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB) with a shareholding of 74% and 26%, respectively.The project cost includes land acquisition and infrastructure building.

BlockDAG’s presale has been a major success, with the price skyrocketing by 1120% to $0.0122 and raising $51.4 million, reflecting growing investor confidence in its innovative approach. This surge underscores BlockDAG’s potential as a strong investment opportunity. Meanwhile, Avalanche (AVAX) is holding steady around the crucial $36 support level, presenting potential entry points for investors amid mixed market signals. Additionally, Bitbuy’s inclusion of Stellar Lumens (XLM) on its platform offers Canadian traders a secure and liquid digital currency option.

PrimeXBT , a leading multi-asset trading platform, has just unveiled its new platform revamp. The redesign aims to make using the platform even easier for all users while adding to the wide range of features already on the crypto broker.

₹2 trillion as MSP – ₹35,000 crore more than what they got in the previous season, Union railways minister Ashwini Vaishnaw said while briefing the media on the cabinet decisions."The hike in MSP of kharif crops is in line with the PM Modi's third term vision of policy continuity to support farmers and boost their income," Vaishnaw added.Read Also: Budget 2024 Expectations: Agri-credit to fertilizer subsidy—here’s what agriculture sector expects this yearThe highest increase came for oilseeds nigerseed and sesamum.

Indian stock market: The Indian stock market benchmark index Nifty 50 ended its five-session winning streak on Wednesday, June 19, due to profit-taking at higher levels.The Nifty 50 reached a new peak of 23,664 during the session but retreated from those levels to close down 42 points, or 0.18%, at 23,516. During the session, the 30-share Sensex reached a new peak of 77,851.63 but closed with a modest increase of 36 points, or 0.05%, settling at 77,337.59, with 20 stocks closing lower.“Nifty started the week with a positive gap and traded in a range throughout the session amid positive bias.

The NSE Nifty 50 shed 0.18% to 23,516, while the S&P BSE Sensex added 0.05% to 77,337. Both the indexes rose about 0.3% each to hit all-time highs at the open before surrendering gains.

EU’s recently passed regulation, Ecodesign for Sustainable Products Regulation (ESPR) will lead to high costs and hurt exports from developing countries, economic think tank Global Trade Research Initiative (GTRI) said Wednesday. The ESPR mandates that imported products meet stringent sustainability standards, including a Digital Product Passport for traceability. ESPR will cover all products by 2030 but would begin with regulating items such as textiles, furniture, mattresses, tyres, detergents, paints, lubricants, iron and steel from January 2026. “ESPR will lead to high costs of products because of changes needed in production processes. Since most products covered are consumer products, the price rise may lead to inflation in the EU,” GTRI said.

ease of doing business, Jan Vishwas 2.0, World Bank’s upcoming B-READY index, and the national single window system, were discussed at a meeting chaired by department for promotion of industry and internal trade (DPIIT) secretary Rajesh Kumar Singh on Wednesday. Officials said that this is the first of such interactions with industry and other stakeholders. “We have taken inputs on many issues like reducing compliances and ease of doing business forward,” said an official.

Wall Street hedge funds that short small publicly-traded companies like GameStop and AMC Theatres lost another round of “Meme Stock Dad, Hedge Fund Dad” to Reddit WallStreetBets meme stock mania for GameStop shares (NYSE:GME) last week.

Shares of Samvardhana Motherson International Ltd.(up 1.1 per cent) and Bharat Forge Ltd.(up 0.4 per cent) ended the day as top gainers in the pack.

Nifty Bank rallied nearly 1,000 points to hit a fresh record high on Wednesday, tracking positive cues. The index closed 957 points higher at 51,398. It hit a record high of 51,957 in trade on Wednesday. The Nifty50, on the other hand, pared gains after hitting record highs to close marginally in the red.

Regional banks around the U.S. are striking complex and costly bargains with hedge funds, hoping to insulate themselves from a replay of the turmoil that followed Silicon Valley Bank’s failure last year. Wall Street smells a payday.

₹20,000 crore through long-term bonds in the financial year 2024-25.“The Central Board at its meeting held today i.e. 19th June 2024 has, inter alia, accorded approval for raising long term bonds up to an amount of Rs.