Trade Financial News

The price change in 24 carat gold in the last one week has been 0.17% .whereas in the last month it has been 3.11%.The cost of silver is Rs.88010.0 per kg Gold Price Today in Chennai is ₹73663.0/10 grams. Yesterday’s Gold Price on 15-06-2024 was ₹73658.0/10 grams. and last week’s gold price on 10-06-2024 was ₹74214.0/10 grams.

Wall Street axiom warns to “never fight the Fed.” But that’s exactly what traders are doing, and it could spark a rally in some of the forgotten corners of the stock market. Federal Reserve forecasts and comments from central bankers couldn’t be more clear. Investors are being warned that interest rates will stay higher for longer than they’d expected, with the median projection from Fed officials calling for one interest rate cut this year.

Nifty remains locked within a narrow range of 23,200-23,500. If it breaks out above 23,600, the index can rally as much as 24,000 depending on news flow around the upcoming Union Budget and 100-day plans by various ministries. However, recent movements in Nifty suggest a time-based correction. «A near-term consolidation seems probable as domestic investors await cues from the upcoming union budget. There is a growing opinion that the government could place emphasis on welfare, giving a fillip to consumption-led stocks,» said Vinod Nair, Head of Research, Geojit Financial Services.

Mandla, Madhya Pradesh, houses built on government land by 11 individuals were demolished after authorities found evidence of illegal beef trade, including the recovery of 150 cows and beef from their homes. Acting on a tip-off regarding cow slaughter in the Bhainwahi area, police conducted a raid, leading to the discovery of cows captive for slaughter, and confiscated beef and other animal products from the accused. «A team was rushed there and we found 150 cows tied in the backyards of the accused. Cow meat was recovered from the refrigerators in the homes of all the 11 accused. We also found animal fat, cattle skin and bones, which were stuffed in a room,» Mandla Superintendent of Police Rajat Saklecha told PTI. «The local government veterinarian has confirmed the seized meat is beef. We have also sent samples to Hyderabad for secondary DNA analysis. The houses of the 11 accused were demolished as they were on government land,» the SP added.

Li Qiang's visit to Australia on Sunday focused on positive aspects of the bilateral relationship including shared giant pandas and a rebounding wine trade after he urged both countries to put aside their differences. China's most powerful leader after President Xi Jinping arrived late Saturday in Adelaide, the capital of South Australia state, which has produced most of the Australian wine entering China since crippling tariffs were lifted in March that had effectively ended a 1.2 billion Australian dollar (USD 790 million) a year trade since 2020. Li visited Adelaide Zoo, which has been home to China-born giant pandas Wang Wang and Fu Ni since 2009, before he was to have lunch at a restaurant at an Adelaide winery.

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Dividend Stocks: Shares of several major companies including Bajaj Finance, Bajaj Finserv, Tata Steel, HDFC Life Insurance Company, LTIMindtree Ltd, among others among others will trade ex-dividend in the coming week starting from Tuesday, June 18. Along with these, some companies have declared a buyback of shares, while some have announced other corporate actions such as bonus issue and stock splits, according to BSE data.The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

Ethereum is currently hovering slightly below its pivot point of $3,540, trading at $3,536. Bloomberg ETF analyst Eric Balchunas has raised eyebrows by predicting that spot Ether ETFs could begin trading as early as July 2nd.

infrastructure projects under the PM Gati Shakti National Master Plan (NMP), a national master plan for multi-modal connectivity, that brings 16 ministries, including railways and roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects. Chaired by Additional Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Rajeev Singh Thakur, the meeting was held in New Delhi on June 12, 2024. These infrastructure projects belong to the Ministry of Road Transport and Highways (MoRTH), the Ministry of Railways (MoR), and the Ministry of Housing and Urban Affairs (MoHUA).

Touring the world is an irresistible passion everyone has, but affordability is the key. If you plan wisely, you can explore the world without burning a hole in your pocket.

Jubilant FoodWorks, Honasa Consumer (Mamaearth), Suprajit Engineering, and Metropolis Healthcare to its SMID picks and retained Senco Gold.These selections are based on their strategic insights and analysis of market trends and valuations. The brokerage has filtered the stocks on growth-adjusted valuations, ROE trends, and cash-flow ratios.

gold in the last one week has been 1.15% .whereas in the last month it has been 2.7%.The cost of silver is Rs.88010.0 per kg down by Rs.100.0 per kg.Gold Price in Delhi - Gold Price Today in Delhi is ₹73735.0/10 grams. Yesterday’s Gold Price on 14-06-2024 was ₹73155.0/10 grams. and last week’s gold price on 09-06-2024 was ₹73998.0/10 grams.Silver Price in Delhi - Silver Price Today in Delhi is ₹88010.0/Kg.

Having a high-end vehicle like a Mercedes-Benz, Bentley, or Lamborghini is a dream for many, but only a few can make it a reality. However, a new crypto project called Dreamcars aims to change the game by letting people own a part of luxury rental cars using blockchain technology and the $DCARS token.

G7 Summit in Italy, Prime Minister Narendra Modi interacted with the leaders of Turkey, the UAE, Brazil and Jordan and struck a pose for the camera along with them on Friday. PM Modi had a «delightful conversation» with Turkish President Recep Tayyip Erdogan, UAE President Mohammed bin Zayed Al Nahyan, as well as the President of Brazil Luiz Inacio Lula da Silva. All the four leaders also posed for the camera and got a picture clicked at the Summit as well, which PM Modi shared on X, saying, «The interactions in Italy continue...Delightful conversation with President @LulaOficial, President @RTErdogan and His Highness Sheikh @MohamedBinZayed»

Narendra Modi held a bilateral meeting with Japanese PM Fumio Kishida on the sidelines of the G-7 Summit in Apulia, Italy and discussed the Mumbai-Ahmedabad High Speed Rail project with a targeted 5 trillion yen worth of investment in India. Highlighting India-Japan relations, the Prime Minister's office said on X, «Boosting India-Japan relations! PM @narendramodi held a productive bilateral meeting with Japanese Prime Minister @kishida230 in Italy on the sidelines of the G7 Summit.»

Narendra Modi met United Nations Secretary General Antonio Guterres in Italy on the sidelines of the G7 Summit here on Friday night. In a post on X, PM Modi said, «Pleased to meet the United Nations Secretary General, Antonio Guterres, in Italy.» Earlier, PM Modi met also US President Joe Biden and Canadian PM Justin Trudeau on the sidelines of the G7 Summit.

Turkey is set to implement a major fiscal overhaul that includes a 0.03% transaction tax on cryptocurrency trading.

anti-dumping probe into pork imports from the European Union, the state-backed Global Times reported, escalating tensions after the bloc imposed anti-subsidy duties on Chinese-made electric vehicles (EVs). The move opens a new front in bilateral strains in one of the world's key trading relationships after Brussels slapped tariffs of up to 38.1% on EVs made in China to shield its auto industry from competition. China imported $6 billion of pork in 2023, including offal, with the EU accounting for over half, customs data showed.

India-UK bilateral trade pact such as the one about minimum import price (MIP) for Scotch whisky and those related to finalisation of a bilateral investment treaty will be discussed after the general elections in Britain, a top official said. The issues that need to be ironed out include duties in sectors like electric vehicles, alcoholic beverages and services. General elections in the UK will be held on July 4. «The outstanding issues to seal the deal will be resolved once the general elections in the UK are over,» said L Satya Srinivas, additional secretary, department of commerce.

Informal manufacturing and service sectors grew faster than the informal trade sector in 2022-23, data released by the government on Friday showed. The gross value added of unincorporated manufacturing companies increased by 19.14% to ₹3.6 lakh crore in 2022-23 (October-September) compared with ₹2.77 lakh crore in 2021-22 (April-March), data released by the Ministry of Statistics and Programme Implementation showed. The increase in gross value added of the services sector was 18.9% during the same period. Trade and services still account for a larger share of value added to the economy than the manufacturing sector. Less jobs, lower pay

Stocks that are trading heavily or have substantial price changes on Friday: RH, MSC Industrial fall; Adobe, Progressive rise