Trade Financial News
12.06 / 05:03
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Stock market update: Nifty Auto index advances 0.36% in an upbeat market
Tata Motors Ltd.(up 1.6 per cent), Bharat Forge Ltd.(up 1.52 per cent), Tata Motors Ltd.(up 1.42 per cent), Exide Industries Ltd.(up 1.06 per cent) and Ashok Leyland Ltd.(up 0.85 per cent) were among the top gainers.
12.06 / 05:03
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Shares of GAIL rise as Nifty gains
GAIL (India) Ltd. gained 2.25 per cent to Rs 217.6 in Wednesday's trade as of 10:15AM (IST). It hit a high of Rs 220.2 and low of Rs 214.5 during the session. The stock quoted a 52-week high price of Rs 233.0 and a low of Rs 103.2. The return on equity for the stock stood at 12.85 per cent. About 660,496 shares have changed hands on the counter so far.
12.06 / 05:03
12.06 / 04:21
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Bitcoin
Bitcoin Price Prediction: BTC Near $67,250 Amid Key CPI Data and Fed Rate Announcement
During the late US session, Bitcoin (BTC/USD) is trading near $67,250 as the market braces for a series of major economic events from the Unites States economy. At 12:30, the U.S. will release its Core Consumer Price Index (CPI) month-on-month data, expected to remain steady at 0.3%.
12.06 / 04:19
12.06 / 02:59
12.06 / 02:39
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Gold rush grips Asia despite near-record prices
gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty. Spot gold is trading a little over $2,300 per ounce, up about 12% year-to-date and only about 6% shy of the record high it hit last month.
12.06 / 02:39
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Power sector may report solid growth in next 4-5 years: Manish Sonthalia
«If things go as is being projected minus the competition scare, the very recent competition scare coming in that they are going to disrupt business for Zomato as a whole, I would believe that profit numbers are going to surprise in 2026,» says Manish Sonthalia, CIO, Emkay Investment. You bought into Zomato, but Zomato now has a market cap of 2 lakh crore, almost 2 lakh crore, that makes it in the top 50 companies in terms of market cap. What is the right way to look at a company like Zomato now from the valuation lens because survival has happened, turnaround has happened, growth has happened, acquisition has happened, now it is back to brass tacks, which is let us value this business which is a high growth business based on either cash flow or on other multiples? If things go as is being projected minus the competition scare, the very recent competition scare coming in that they are going to disrupt business for Zomato as a whole, I would believe that profit numbers are going to surprise in 2026.
12.06 / 01:59
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Canadian investor inspired by Warren Buffett sinks after founder sells
Canadian holding company Tiny Ltd. plunged 16 per cent on Monday afterits founders stepped down as co-chief executives and one of them said he’d sell millions of shares.
12.06 / 01:43
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Cognizant's ambitious acquisition of Belcan raises questions
Also Read: Cognizant to acquire ER&D services firm Belcan for $1.3 billion Surprisingly, there is a lack of clarity on some of the most elementary aspects of this acquisition. In an investor presentation, Cognizant said Belcan employed 6,500 people. Further, the presentation stated that Belcan had posted an 8% compounded annual growth over the last two years.
12.06 / 01:43
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Mint Quick Edit | Is the rupee’s new low okay?
The Indian rupee hit a record closing low of 83.5650 against the US dollar on Tuesday. That most of its Asian peers also weakened against a rising greenback would offer strong-rupee advocates some consolation, but not much.
12.06 / 01:43
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Stock picks: From Trent to Torrent Pharma, Motilal Oswal suggests these shares to buy this week
Indian stock market: On June 11, the Indian stock market benchmarks remained in a consolidation phase for the second consecutive session, influenced by subdued global cues.The Sensex commenced trading 191 points higher at 76,680.90 compared to its previous close of 76,490.08. It surged around 370 points to reach an intraday peak of 76,860.53. However, succumbing to profit booking towards the end of the session, the index ended 33 points, or 0.04 per cent, lower at 76,456.59.Also read: Stocks to buy: Axis Bank, Dr Lal Pathlabs among top four stock picks by SMC Global Securities for this weekSimilarly, the Nifty 50 began at 23,283.75, in contrast to its previous close of 23,259.20, and reached an intraday high of 23,389.45.
12.06 / 01:43
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 12
Buy or sell stocks for today: Following a choppy trend in the global markets, the Indian stock market erased all its gains in the closing bell on Tuesday. The Nifty 50 index ended marginally higher at 23,264, while the BSE Sensex finished 33 points lower at 76,456.
11.06 / 23:17
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zkSync
zk
ZKsync to Airdrop 3.675 Billion ZK Tokens to 695K Wallets Next Week
ZKsync, Ethereum’s first zkEVM chain, is set to airdrop 3.675 billion ZK tokens to 695,232 wallets next week. The distribution marks the largest token airdrop among major rollups, seeking to decentralize governance and reward active community members.
11.06 / 23:17
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Crypto Presale
How a Meme Coin Trader Turned $6,758 into $4.2M in Under 4 Months
A meme coin trader recently demonstrated the potential for remarkable gains in the cryptocurrency market, turning an initial investment of $6,758 into a staggering $4.2 million in less than four months. This incredible 621x return was achieved by strategically trading the Kensu meme coin.
11.06 / 21:23
11.06 / 17:33
11.06 / 17:27
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Indian counterpart of Hari Tibrewala’s plan to buy a broking firm dashed
demat accounts, and the prohibition on the transfer of any assets without prior permission from the ED, DACSP has been incapacitated from conducting the transaction as envisaged," Sarbani Bhagat, a director at Dream Achiever Consultancy, wrote in a letter dated 10 June to BLB promoter Brij Rattan Bagri, who had agreed to sell his stake in the brokerage to DACSP.Bhagat further explained that these legal impediments have prevented DACSP from obtaining necessary approvals from stock exchanges and Securities and Exchange Board of India (Sebi), as the company no longer meets the criteria required to run a broking business. The intervening circumstances have frustrated the economic activity intended by the Agreement, Bhagat added, preventing DACSP from fulfilling its obligations within the mandatory timeline of 150 days, which is soon to lapse on 15 June 2024.“We regretfully inform you that we are constrained to terminate the Agreement and will be applying to SEBI to seek withdrawal of the open offer," he wrote.BLB promoter Brij Rattan Bagri and his family had on 17 January agreed to sell their 36.84% stake in the Delhi-based company to DACSP, which already owned 8.45% in it.
11.06 / 17:21
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Sebi bans former TV anchor Pandya, 7 others from securities market for 5 years, slaps fine
Pradeep Pandya, who was anchoring stock market shows on a television channel, and seven other entities from securities market for five years and imposed a fine of Rs 2.6 crore collectively for indulging in fraudulent trading activities. Apart from Pandya, others banned by Sebi are Alpesh Furiya, Manish Furiya, Alpa Furiya, Alpesh Vasanji Furiya HUF, Manish V Furiya HUF, Mahan Investment and Toshee Trade. 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/external expert and gave stock recommendations on his Twitter handle.
11.06 / 17:21
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Rupee closes at record low vs dollar ahead of US Fed statement
rupee closed at a record low versus the US dollar on Tuesday, joining other regional currencies which weakened against the greenback, as caution ahead of the Federal Reserve’s policy statement led to a globally stronger American currency. On Tuesday, the rupee ended the day at 83.5650/$1 on Tuesday, an all-time closing low versus the US dollar. On Monday, the rupee had closed at 83.505/$1, LSEG data showed.
11.06 / 17:01
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India restricts certain studded gold jewellery imports
gold jewellery and articles except those coming under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
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