Trade Financial News

Shamaila Khan at UBS Asset Management has deployed a somewhat counterintuitive strategy for bond investments. The head of fixed income for emerging markets is breaking with the likes of Goldman Sachs Group Inc. and is steering clear of investor favorite Indian government debt, while embracing volatile Chinese high-yield bonds, which have suffered from a prolonged property crisis.

Bikaji Foods International as its top pick of the month for June. The brokerage believes it is a good pick for medium-risk investors expecting high returns. It also advised investors to have less than 30 percent weightage in this sector.The brokerage pointed out that Bikaji Foods has been a pioneer in India's ethnic snacks industry, holding a 9.6 percent market share as of September 2023.

gold in the last one week has been 2.04% .whereas in the last month it has been 1.98%.The cost of silver is Rs.88110.0 per kg down by Rs.260.0 per kg.Gold Price in Delhi is ₹73444.0/10 grams. Yesterday’s Gold Price on 13-06-2024 was ₹72802.0/10 grams. and last week’s gold price on 08-06-2024 was ₹74286.0/10 grams.Silver Price in Delhi is ₹88110.0/Kg.

Adani Ports and Special Economic Zone (ADSEZ) to ₹1,650 per share, up from the previous target of ₹1,550. The upgrade is based on the company’s continued outperformance in FYTD24.

Grasim Industries, Shriram Finance, Hindustan Unilever, Eicher Motors, and Britannia Industries were the top gainers, while Tech Mahindra, JSW Steel, HCLTech, NTPC, and Wipro, were the top drags. Sensex Today Live : Only eight stocks out of the 30 on the BSE Sensex were trading in the green.

Stocks to buy or sell: When it comes to stocks to buy or sell, the Indian stock market has shown resilience despite weak global cues. The Nifty 50 index closed higher for the third consecutive session, and the BSE Sensex also saw gains.

Asian stocks fell on Friday as investors pondered the outlook for U.S. rates after the Federal Reserve tempered its rate-cut views even as inflation came in softer than expected, while the yen was shaky before the Bank of Japan's policy meeting. The dollar was hovering near a one-month high on the back of the hawkish tone from the Fed this week, while political uncertainty in Europe kept the euro under pressure.

Cloud computing giant Amazon Web Services on Thursday announced a $230 million commitment aimed at accelerating the development of generative artificial intelligence applications by startups worldwide. The initiative will provide early stage companies with AWS cloud computing credits, mentorship, and education to further their utilization of AI and machine learning technologies, the company said.

«So, what we have highlighted in the report is what a lot of people have said the right stuff that Charlie espoused and probably one of the most important learnings, I will put two major learnings, at least which are my major takeaways from the whole exercise,» says Sahil Kapoor, DSP Mutual Fund. I want to understand that this time your Netra report usually is a mix of stuff which is where we can derive about market investing, but centres around data points, mostly macro and of that nature. But this time around you have devoted the note to Mr Munger. So, what exactly is the biggest learning from the life of Mr Munger which we can implement in day-to-day investing? Every anniversary edition, we try and zoom out and look back and look at what are the timeless principles that we can learn and reinforce. And of course, in the month of June, there was already so much noise, a lot of people talking about elections and other outcomes. So, we thought this is the right time to think about long-term investing principles. With Charlie Munger, I think one of the investing greats, not only he has given a lot of investing wisdom, also a number of ideas from Charlie is all about living correctly.

«The services export boom of India is the most unheralded story of India in the last five years and it is talked about very little and that has not just come through these IT companies, it has come out of the GCCs which are there and I think without Indian GCCs, which are the global competence centres of the multinationals operating in the world, I think all the top 500 companies of the world are today dependent on Indian global competence centres for them to run,» says S Naren, ED & CIO, ICICI Prudential AMC. The market always gives you pockets of excitement, pockets of despair. And I can see some pockets of despair. One is IT. To some extent, you could say underperformance in private banks. Are these two sectors getting ready now to start outperforming, whether it is largecap IT or largecap private banks? Certainly, I would say private banks is an area which appears to be at fair value. So, if you look at the funds that I run directly, like Value Discovery, for example, I have never had a situation in Value Discovery where private banks are such a big part of my portfolio.

Oil prices fell on Friday but were on track for their first weekly gain in four weeks as markets assessed the impact of higher-for-longer U.S. interest rates versus solid outlooks for crude and fuel demand this year. Brent crude futures were down 72 cents, or 0.87%, to $82.04 a barrel at 0100 GMT. West Texas Intermediate (WTI) U.S. crude futures lost 79 cents, or 1%, to trade at $77.84 a barrel, reversing small gains in the previous session.

"ABB and Siemens have done extraordinarily well. They have delivered extraordinary results over the last few quarters and as such is reflected in the stock prices. So, these two and Thermax, etc, I think they are very excessively valued. So, the outlook might be good but then the valuations are very excessive here," says Sandip Sabharwal, asksandipsabharwal.com. Just wanted to revisit your thoughts on FMCG because you were constructive on some of these plays, like a Dabur for instance. Would you say deploy these kind of dips to perhaps add more positions? If reasonable dips come, one should, because the stock moved from 500 to straight 620, 630, so it is a 25% plus kind of move. Stocks, they normally do not move 25% so fast and these are typically stocks where you would be looking at mid-double digit or those kind of returns, like these are not stocks which are going to give you 50%, 100% kind of return.

Sensex gained 204.33 points, or 0.27%, to close at 76,810.90, while the Nifty 50 settled 75.95 points, or 0.33%, higher at 23,398.90.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 14“Nifty made another new high at opening on June 13, gave up some of these gains and remained rangebound through the day. The fact that the Nifty keeps making new highs every day is assuring, but it is not able to hold on to the entire gains.

Stock market today: Despite weak global market sentiments on the hawkish US Fed meeting outcome, the Indian stock market ended higher for the third straight session. The Nifty 50 index finished 75 points higher at 23,398, and the BSE Sensex scaled 204 points north and ended at 76,810.

Sensex gained 204.33 points to close at 76,810.90, while the Nifty 50 settled 75.95 points, or 0.33%, higher at 23,398.90.Nifty 50 formed a small negative candle on the daily chart at the highs with minor lower shadow.Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, US jobless claims to treasury yields“This market action indicates typical sideways range movement in the market in the last four sessions. The larger degree positive pattern like higher tops and bottoms is intact as per daily chart and the market is currently placed to form a new higher top," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.According to Shetti, the short-term trend of Nifty continues to be a range bound with positive bias.

Also Read: DEE Development IPO to kick off for subscription on June 19; check out 10 key things to know from RHP before investingInvestors can do Ixigo IPO allotment status check online by following a few simple steps mentioned below. Here’s how to check ixigo IPO allotment status online.Step 1: Visit the IPO registrar’s website on this link - https://linkintime.co.in/initial_offer/public-issues.htmlStep 2: Select ‘Le Travenues Technology Limited’ from the dropdown menu.Step 3: Choose among PAN, Application No., DP Id and Account No.Step 4: Enter the details as per the option selected.Step 5: Click on ‘Submit’.Your Le Travenues Technology IPO allotment status will be displayed on the screen.Step 1: Visit allotment page on BSE's official website on this link https://www.bseindia.com/investors/appli_check.aspxStep 2: Under ‘Issue Type", select ‘Equity’.Step 3: Choose the IPO from the drop-down option under 'Issue Name'.Step 4: Enter PAN or application number.Step 5: Click 'I am not a Robot' to confirm your identity, then click the 'Submit' button.Your Ixigo IPO allotment status will be displayed on the screen.Also Read: Falcon Technoprojects IPO to open on June 19; check price band, issue size, key datesIxigo IPO GMP today, or grey market premium today, is ₹30 per share, as per stock market observers.

Buy or sell stocks for today: Despite weak global market sentiments on the hawkish US Fed meeting outcome, the Indian stock market ended higher for the third straight session. The Nifty 50 index finished 75 points higher at 23,398, and the BSE Sensex scaled 204 points north and ended at 76,810.

New Delhi: Multiplex chains are seeing revenue from sale of food and beverages grow faster than earnings from ticket sales, in an indication of the failure of movies to capture audience attention. And it isn't just about selling popcorn and cola at the cineplex. Theatre owners are increasing F&B sales through gourmet food created by star chefs, tie-ups with aggregators for home delivery, outdoor catering, kiosks in malls, etc.

In a recent interview at Consensus 2024 in Austin, Texas, Rachel from Cryptonews sat down with Harry Zhang, the CEO and co-founder of Galxe, to discuss his company’s latest advancements and offerings. This conversation covered various aspects, including the significance of digital identity in Web3, the role of AI in trading, and the launch of Galxe’s Gravity L1 blockchain. Here are the key takeaways from their insightful discussion:

Investing.com-- U.S. stock index futures steadied in evening deals on Thursday after strength in technology shares saw Wall Street extend a recent run of record highs as data showed some cooling in inflation.

The Securities and Exchange Commission on Wednesday barred a former LPL Financial advisor who worked alongside Andrew Komarow, a former financial advisor who built a practice focused on clients with special needs and autism and who recently was barred from the securities industry for a trading scheme.