Trade Financial News

Tata Elxsi Ltd. gained 0.17 per cent to Rs 7278.85 in Tuesday's trade. It hit a high of Rs 7369.95 and low of Rs 7277.95 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 7735.17, while the 50-DMA was at Rs 7279.23. 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.

Paytm shares surged 4% to Rs 442 in Tuesday's trade on BSE following reports that the company is in talks with Zomato to sell its movie ticketing business. Zomato shares also rose 1.5% in early trade. In an exchange filing, Zomato acknowledged, «We are in discussions with Paytm for the aforementioned transaction, but no binding decision has been taken at this stage that would warrant a board approval and subsequent disclosure in accordance with applicable law.»

₹1,329 apiece, primarily due to the steep valuation of the stock.In a report on June 17, InCred Equities pointed out that Adani Ports stock trades at 18.2 times FY25F EV/EBITDA versus six-year average one-year forward EV/EBITDA of 14.1 times.The brokerage firm cut its EBITDA estimates for FY25/26F by 3 per cent each but maintained its target price of ₹1,329. It said its target price implies 15 times FY26F EV/EBITDA.EV/EBITDA (enterprise value to earnings before interest, taxes, depreciation, and amortisation) is a financial metric used to evaluate the value of a company.

The price change in 24 carat gold in the last one week has been -1.84% .whereas in the last month it has been 1.22%.The cost of silver is Rs.88010.0 per kg down by Rs.90.0 per kg. Gold Price Today in Chennai is ₹73806.0/10 grams. Yesterday’s Gold Price on 17-06-2024 was ₹73663.0/10 grams.

Stock Market News: The domestic benchmark indices, the Sensex and the Nifty 50, gained for the fourth consecutive session, reaching new all-time highs in early trade on Tuesday, aided by strong global market trends, buying in IT sectors, and fresh foreign capital inflows.The Nifty 50 surged by 60 points to 23,529, while the BSE Sensex climbed 101 points to 77,195 immediately after trading began. The markets reopened today after being closed on Monday for Eid al-Agha.According to Geojit Financial Services' Chief Investment Strategist, Dr.

Hindustan Aeronautics (HAL) share price gained more than 5% in opening trades on Tuesday to 52 week highs following news flow pertaining to tenders being floated by the government for Light Combat Helicopter. Hindustan Aeronautics (HAL) share price having gained more than 170% in last one year already has given Multibagger returns to the investors.

₹71,575 per 10 gm and touched an intraday high of ₹71,692 within a few minutes of the opening bell. In the international market, COMEX gold price oscillated around $2,340 per troy ounce, whereas spot gold price quoted $2,325 per ounce.According to the commodity market experts, the gold price today is on the rise, driven by the anticipation of positive US retail sales data and a timeline from the US Fed members' speech on Tuesday.

Bitcoin miners have entered an extended sell-off period that hasn’t been witnessed since 2017, on-chain data suggests.

Balrampur Chini Mills, GMR Airports Infrastructure, Hindustan Copper, India Cements, SAIL, and Sun TV Network. Balrampur Chini Mills managed to come out of the ban on Friday; however, it has reentered the ban list for Tuesday.

Japan's Nikkei share average rebounded and gained 1% on Tuesday, as investors bought back stocks following the index's sharp loss in the previous session. The Nikkei was up 1.05% to 38,504.11 by the midday break. The index ended 1.8% lower on Monday, slipping below the psychologically key 38,000 level for the first time this month.

Stock market today: The Indian stock market continued to move into a narrow range movement with a positive bias and ended higher on Friday last week. The Nifty 50 index gained 66 points and closed at 23,465, while the BSE Sensex surged 181 points and ended at 76,992.

bond traders have suffered spent nights over the past year amid wild swings in US rate expectations, but India's sovereign debt players have bonded with bonds on fears of missing out after Mint Road sought to decelerate the rate-increase drive, while JPMorgan gave local debt the recognition it deserves through its inclusion on a globally tracked gauge. In 2023, the value of total monthly trades in Indian government securities averaged ₹8.6 lakh crore, 40% higher than ₹ 6.2 lakh crore in the previous month, Clearing Corporation of India (CCIL) data showed. The uptick has continued in the current year, with the value of monthly trades from January to April at ₹8.7 lakh crore, the data — which counts April as the latest month — showed.

Global players such as hedge funds have tapped into the global networks of foreign banks in India to avail of an Offshore Derivative Instrument (ODI) referred to as a Total Return Swap and gain much-desired exposure to rupee-denominated debt as the foreign flows push down local bond yields.

«We expect market uptrend to continue next week supported by positive macro trends, expectation of sustained government spending and policy continuity, healthy monsoon and strong earnings,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

demerger process of Quess Corp, aimed at unlocking value at India's biggest third-party supplier of private-sector staffing needs, is likely to be completed in up to a year. The company may soon file an application with the National Company Law Tribunal (NCLT), Ajit Isaac, its chairman, told ET. «Re-rating of its businesses is one of the reasons for the demerger due to a simplified structure, as it allows each of these companies to focus better by providing greater capital allocation flexibility, improved market position, and other benefits,» Isaac said.

Sensex rose 181.87 points to close at 76,992.77, while the Nifty 50 settled 66.70 points, or 0.29%, higher at 23,465.60. Indian stock market was closed on Monday, June 17, for Eid ul-Adha 2024.

₹68,000 crore through initial public offers (IPOs), according to data from primedatabase.com. In the current fiscal year so far, seven issues have mopped up ₹19,455 crore, while another five are set to hit the markets in June. This follows a robust 2023-24 when 76 companies went public, raising ₹61,922 crore.

Sensex rose 181.87 points, or 0.24%, to close at 76,992.77, while the Nifty 50 settled 66.70 points, or 0.29%, higher at 23,465.60. Indian stock market was closed on Monday, June 17, on account of Eid ul-Adha 2024.

Dividend stocks: Shares of Bank of India, HDFC Asset Management Company Ltd, L&T Finance Ltd, and Tata Investment Corporation Ltd will be in focus when the stock market opens on June 18, Tuesday.The Board of Directors of the four companies had declared interim and final dividends for their eligible shareholders.These companies fixed June 18 as the record date to ascertain the eligibility of shareholders for their respective issues.Shares of Bank of India, HDFC Asset Management Company Ltd, L&T Finance Ltd, and Tata Investment Corporation Ltd will trade ex-dividend on Tuesday (June 18).Bank of India: The company declared a dividend of ₹2.80 per equity share for the financial year 2024.In a stock exchange filing, Bank of India said the Board of Directors “Recommended a dividend of Rs. 2.80 (i.e.

A federal appellate panel says a Michigan state judge will have to decide whether to shut down a portion of an aging petroleum pipeline running beneath the Straits of Mackinac

Stocks that are trading heavily or have substantial price changes on Monday: Autodesk, Walt Disney rise; AMC Networks, Dycom fall