Trade Financial News

Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country's civil war increasingly disrupts trade and livelihoods

Shares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates

Bitcoin futures have witnessed a surge in net short interest, primarily attributed to the growing popularity of a market-neutral strategy known as the basis trade.

Italy is the Chair of G7 this year, and is hosting the G7 Summit on 13-14 June. Italian PM Georgia Meloni has invited the Indian PM to the G7 Outreach Summit in Puglia on 14 June in the backdrop of historic ties and commitment to rule of law, respect for human rights and achieving economic development through inclusive growth.

Pidilite Industries Ltd. dropped 2.92 per cent to Rs 3080.35 at 02:09PM (IST) in Wednesday's trade. The counter hit a high of Rs 3199.45 and low of Rs 3076.3 so far during the session. The stock had closed at Rs 3173.15 in the previous session. The counter had a total traded volume of 02:09PM shares so far with a turnover of Rs 3.68 crore on BSE. The stock traded at a price-to-earnings multiple of 94.1 and a price-to-book ratio of 18.24.

Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.

As of 12:16 am IST, Bitcoin was trading 0.5% lower at $67,337, while Ethereum dropped 0.9% to $3,519. Concurrently, the global cryptocurrency market cap also saw a 0.65% decline, hovering around $2.45 trillion in the last 24 hours.

In Wednesday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached that whether the stock has seen a buildup of a fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

China warned Wednesday that expected additional EU tariffs on imports of Chinese electric vehicles would «harm Europe's own interests» and condemned the bloc's «protectionism.»

Havells India Ltd. dropped 0.21 per cent to Rs 1829.2 at 01:49PM (IST) in Wednesday's trade. The scrip hit a high of Rs 1839.0 and low of Rs 1820.0 so far during the session. The stock had closed at Rs 1833.1 in the previous session. The counter had a total traded volume of 01:49PM shares so far with a turnover of Rs 2.88 crore on BSE. The stock traded at a price-to-earnings multiple of 90.69 and a price-to-book ratio of 12.75.

United Spirits Ltd. dropped 1.93 per cent to Rs 1290.5 at 02:04PM (IST) in Wednesday's trade. The stock hit a high of Rs 1322.6 and low of Rs 1290.0 so far during the session. The stock had closed at Rs 1316.0 in the previous session. The counter had a total traded volume of 02:04PM shares so far with a turnover of Rs 1.76 crore on BSE. The stock traded at a price-to-earnings multiple of 68.36 and a price-to-book ratio of 11.55.

₹2.6 crore collectively for indulging in fraudulent trading activities.Alpesh Furiya, Manish Furiya, Alpa Furiya, Alpesh Vasanji Furiya HUF, Manish V Furiya HUF, Mahan Investment and Toshee Trade are others banned by Sebi.Pandya was the host/co-host of various shows at CNBC Awaaz till August 2021, while Alpesh Furiya appeared on the television channel as a guest or external expert and gave stock recommendations on his Twitter handle.Sebi has restrained Pandya, Alpesh Furiya, and other six entities from “accessing the securities market and further prohibited from buying, selling, or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner whatsoever, for a period of five years."Also Read: Why Sebi's reviewing the eligibility criteria for derivatives trading?The regulator also levied a fine of ₹1 crore each on Pandya and Alpesh Furiya and ₹10 lakh each on the remaining six entities.

Also Read: Stock market today: Nifty 50, Sensex end flat; midcaps, smallcaps continue their outperformanceNifty 50 has recovered its election result day losses and is consolidating above the result day’s high. On hourly charts, Nifty 50 is trying to form a cup and handle pattern on which dips towards 23,000 and is likely to get bought into for an upside target of 23,500 / 23,800.

Heritage Foods fell another 5% in today's trade to ₹627.30 apiece, extending their downward trend for the third consecutive session as investors engaged in profit booking. The company's shares made headlines recently due to their stellar performance, soaring 70% in just seven sessions between June 4 and June 10.

₹53 crore for the quarter ending March 31, 2024, increasing 104% from ₹26 crore in the previous year. The gross written premium for the reporting quarter was ₹2,336 crore, an increase from ₹1,955 crore in Q4FY23.

₹150 apiece at a premium of 24 per cent against its issue price of ₹121. Sattrix Information share price was listed at a premium following a stellar subscription to the Sattrix Information IPO.The stock extended its gains further and traded at ₹152 apiece around 10:30 am.

TVS Supply Chain Solutions, one of the largest and fastest-growing integrated supply chain solutions providers in India, gained nearly 9% in today's early trade after the company won a new 5-year strategic contract with Daimler Truck Southeast Asia Pte Ltd, a Daimler Truck AG company, for Integrated Supply Chain Solutions (ISCS) service in Singapore. "This contract solidifies TVS SCS as a primary logistics partner for Daimler Truck AG, the world's largest manufacturer of commercial vehicles, reinforcing the organisation's commitment to delivering exceptional logistics services between Germany and the Asia-Pacific region.

₹43.01 apiece on BSE SME, a discount of 17.29% to the issue price of ₹52 per share.3C IT Solutions listing was below market expectations. 3C IT Solutions IPO GMP today, or grey market premium today, was ₹0 per share, as per market observers.

gold in the last one week has been 0.0% .whereas in the last month it has been 0.05%.The cost of silver is Rs.87880.0 per kg down by Rs.1230.0 per kg. Gold Price Today in Delhi is ₹72802.0/10 grams. Yesterday’s Gold Price on 11-06-2024 was ₹73567.0/10 grams.

mutual fund scheme declares its net asset value (NAV) at the end of each working day. The NAV is updated daily at 11 pm for all schemes, except for fund of funds, which are updated at 10 am the next day and displayed on websites of the fund house, AMFI, and investment platforms.

Sattrix Information Security were listed on the BSE SME platform with a premium of 24% on Wednesday. The stock debuted at Rs 150 as against an issue price of Rs 121 per share. Ahead of the listing, the company's shares traded with a premium of Rs 15 in the unlisted market.