Trade Financial News

Stock market today: GRM Overseas share price witnessed a substantial upside during Tuesday's deals. GRM Overseas share price today opened with an upside gap at ₹179.90 per share and touched an intraday high of ₹189.90 per share on NSE, recording more than a 10 percent rise against Monday's close price of ₹171.46 per share.

Also Read: Stocks to buy: 8 stocks that may rise 4-16% in the next 3-4 weeks, say analystsHere are the two technical stock picks:After peaking near ₹137 on May 22, 2024, Ratnaveer Precision Engineering shares experienced a significant downturn, declining approximately 30 points, or about 22%. However, in the following two trading sessions, Ratnaveer Precision shares showed some cool off.From a technical standpoint, the daily stochastics indicated a bullish divergence along with 1:1 leg, suggesting a potential shift in momentum and presenting an attractive buying opportunity, said brokerage firm Anand Rathi.Also Read: Stocks in focus: Ruchit Jain of 5paisa recommends buying these two stocksConsequently, it advises traders to consider buying Ratnaveer Precision shares within the ₹121-125 range, targeting an upside of ₹141, with a stop-loss set at ₹114 based on the daily closing price, and a timeframe of one month.Ratnaveer Precision stock is Anand Rathi’s pick for the month and the target price implies an upside potential of 14% from Friday’s closing price.KRBL shares have witnessed decent erosion from the peak of ₹480 to show signs of bottoming out around ₹270 levels and have formed a good base at these levels.

₹1.19 in June 2014 to trade around ₹165 currently. This significant increase underscores Refex's consistent and substantial value appreciation trajectory, positioning it as a standout performer within the penny stock category. Such extraordinary gains not only reflect its past success but also highlight its potential as a high-return investment opportunity over the years.Meanwhile, over the past 5 years, the stock has surged by an impressive 1351 percent, rising from ₹11.37 in June 2019.

India and the U.S. have pledged to boost defense and technology cooperation and remove long-standing barriers to bilateral strategic trade, following a meeting between the national security advisers of both countries

Chinese Premier Li Qiang has ending his Australian tour in the west coast city of Perth where he focused on China’s investment in critical minerals, clean energy and busines links

Russian President Vladimir Putin is thanking North Korea for supporting his actions in Ukraine and says the two countries would work together to overcome U.S.-led sanctions

Burundi seems to be running short of everything but patience

The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports

Shree Cements Ltd. slipped 0.16 per cent to Rs 27473.15 in Tuesday's trade as of 01:18PM (IST). It hit a high of Rs 27630.3 and low of Rs 27281.6 during the session. The stock quoted a 52-week high price of Rs 30710.15 and a low of Rs 22601.3. The return on equity for the stock stood at 11.57 per cent. About 236 shares have changed hands on the counter so far.

Federal Bank Ltd. gained 0.71 per cent to Rs 175.6 in Tuesday's trade as of 01:03PM (IST). It hit a high of Rs 176.2 and low of Rs 173.25 during the session. The stock quoted a 52-week high price of Rs 176.2 and a low of Rs 120.9. The return on equity for the stock stood at 14.3 per cent. About 375,718 shares have changed hands on the counter so far.

Le Travenues Technologies, which operates the travel platform Ixigo rallied nearly 13% from its listing price of Rs 135 on BSE to the day’s high of Rs 152.21 after a healthy listing on the exchange at a premium of 45%. The company's shares were trading at a premium of Rs 30 in the unlisted market and the issue was booked nearly 98.34 times at close on strong interest from non-institutional and institutional buyers.

Trent Ltd. traded 2.87 per cent up at Rs 5404.25 at 01:13PM (IST) on Tuesday, even as BSE benchmark Sensex gained 189.01 points to 77181.78. The scrip had settled at Rs 5253.05 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 5451.05 and Rs 1657.25, respectively.

The leading cryptocurrency Bitcoin dipped as low as $64,600 during early Asian hours on Tuesday, which saw the liquidation of leveraged positions at $480 million.

₹50,000 crore in profits in the past four years, adjusted for the losses. Another ₹1 lakh crore profit is lying in their trading accounts on a base of ₹4.5 lakh crore. Among them is Raunaq Bali, 25, a law student.

₹2.1 lakh crore, almost double the amount which bond markets expected.While the higher dividend provides larger flexibility to the central government on the fiscal side, the positive surprise enthused the markets, with the benchmark 10 year bond yield ending the month at 6.98%.Also Read: Expert view: Indian stock market not in a bubble, still below the long-term trendline, says Devina Mehra of First GlobalMeanwhile, India’s headline retail inflation fell to a 12-month low of 4.75% in May. Domestic GDP growth for FY24 rose to 8.2% YoY from 7.0% in FY23, while GVA growth rose to 7.2% versus 6.7% in FY2023.

₹10,000 mark for the first time in today's trade to hit a new all-time high of ₹10,038 apiece by gaining 0.77%.The stock's surge today has propelled it to achieve a 47% gain in the current year so far and an 115% increase over the past one year. Starting from its low of ₹3,636 per share in March 2023, the stock is currently trading at a remarkable 174% increase.

Many of us didn’t notice that the world’s biggest and second-biggest democratic exercises took place back to back, as our Lok Sabha election was followed by the just-concluded European Union (EU) elections during 6-9 June, with an electorate of nearly 400 million people. Indeed, 2024 is an electorally significant year, marked by the scheduled participation of about half of the world’s eligible voters across 60 different countries. Voters in the EU’s 27 member states cast their ballots to choose 720 representatives to the European Parliament in Brussels.

Poonawalla Fincorp Limited has announced the grant of stock options under the Employee Stock Option Plan-2024 Scheme-II (ESOP-2024 Scheme-II). According to an exchange filing, the Nomination and Remuneration Committee of the Board of Directors made the decision on June 17, 2024.As per the announcement, a total of 2,000,000 and 230,000 stock options were granted under Tranche-04 and Tranche-05 of ESOP-2024 Scheme-II to eligible employees.

Coinbase has announced that its International Exchange and Coinbase Advanced platforms are now offering pre-launch markets.

The NSE Nifty index was trading 82.71 points up at 23548.3, while BSE Sensex was up 269.86 points at 77262.63 at the time of writing this report.

options trading. The new rules could include higher margins for options contracts and more detailed disclosures, and are being considered after a series of meetings with exchanges, brokers, and fund houses over the past four months, the sources, with direct knowledge of the matter, said.