Trade Financial News

Hedge funds made an about-face last week dumping semiconductor stocks — beneficiaries of the artificial intelligence boom — while snatching up software.

Dividend stocks: Shares of Asian Paints Ltd, Jindal Saw Ltd, Kriti Nutrients Ltd, Kriti Industries (India) Ltd, Tata Motors Ltd, and Tata Motors Ltd DVR will be in focus when the stock market opens on June 11 (Tuesday).The Board of Directors of these companies had declared special dividends and final dividends for their eligible shareholders.These companies had fixed June 11 as the record date to ascertain the eligibility of shareholders for their respective issues.Shares of Asian Paints Ltd, Jindal Saw Ltd, Kriti Nutrients Ltd, Kriti Industries (India) Ltd, Tata Motors Ltd, and Tata Motors Ltd DVR will trade ex-dividend on Tuesday (June 11).Asian Paints: The company had declared a final dividend of ₹28.15 per equity share for the financial year 2024.In a stock exchange filing, Asian Paints said the Board of Directors “Recommended payment of final dividend of Rs. 28.15 (Rupees twenty-eight and paise fifteen only) per equity share of the face value of Re.

Bitcoin prices remained fairly rangebound last week, though they fell sharply below the $70,00 mark on Friday, after climbing to more than $71,000 earlier in the week.

When is the next stock market crash taking place?

Chandan Taparia recommendations: How to trade Hero Motocorp, Ultratech Cement, Cipla shares on June 11?"With the general elections behind us, market participants will focus on several critical factors in the coming months. Additionally, the Union Budget will be a major event, with expectations and reactions influencing market dynamics.

The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year

Nvidia’s 10-for-1 stock split is in effect, giving investors nine additional shares for every one that they already own

Missile attacks by Yemen’s Houthi rebels have struck two ships in the Gulf of Aden, the latest assaults on shipping in the region

U.S. stocks are mixed in quiet trading ahead of a week with several top-tier reports on inflation due, as well as the Federal Reserve’s latest meeting on interest rates

IT stocks: Sector rotation, demand recovery hopes may support; Infosys, Wipro, Cyient among Emkay Global’s top picks“Nifty index opened positive and went on to touch a fresh all time high of 23411 zones and remained in the range of its opening tick throughout the day. It took support at 23227 and closed with marginal losses near 23260.

From ₹3.8 to 21.68: This multibagger penny stock soared 470% in over 2 months; check hereThe markets regulator also said that it will not freeze mutual fund portfolios and demat accounts of investors who haven't submitted nominations.This decision, applicable to existing investors and unitholders, stems from feedback from market participants, emphasizing the importance of compliance ease and investor convenience. According to Sebi's circular, investors possessing securities in physical form will still be entitled to receive dividends, interest payments, or redemption payments, as well as to lodge grievances.The decision - for existing investors and unitholders - has been taken based on representations from the market participants, citing need for ease of compliance and investor convenience.

Nifty on Monday ended 31 points lower to form a small red candle with minor upper and lower shadow on the daily chart. The near-term trend of the index remains positive. However, having placed at the crucial hurdle around 23,300 levels, the chances of downward correction could be high in the short term. Immediate support is at 23,100 levels, said Nagaraj Shetti of HDFC Securities.

Shares of Samvardhana Motherson International Ltd.(up 5.03 per cent), Hero MotoCorp Ltd.(up 2.52 per cent), Balkrishna Industries Ltd.(up 1.52 per cent), TVS Motor Company Ltd.(up 1.22 per cent) and Bosch Ltd.(up 0.55 per cent) ended the day as top gainers in the pack.

The NSE Nifty index ended the session 30.96 points down at 23259.2, while BSE Sensex fell 203.28 points to 76490.08.

After more than three decades on Wall Street — first at Goldman Sachs Group Inc. and then at Bank of America Corp. — Tom Montag thought he’d seen most forms of financial wizardry. Then Hank Paulson asked him to tackle carbon offsets.

Investors remain too optimistic about the timing of a Federal Reserve interest-rate cut, according to RBC Capital Markets strategists, who see the risk of an 8% slump in US stocks if easing fails to materialize this year.

Asset managers added to wagers that the dollar will fall just before stronger-than-expected US jobs data catapulted the greenback to a one-month high. 

Whether it’s another move up or a dive down, traders are bracing for added volatility wrought by Wednesday’s dual macroeconomic catalysts: a report on consumer prices in the morning and the Federal Reserve’s rate decision in the afternoon.

«Look at companies where growth is intact but are trading at reasonable valuations rather than chasing momentum and looking at companies where valuations are elevated,» says Shibani Sircar Kurian, Kotak Mahindra AMC. What part of this nervousness will you attribute to the uncertainty regarding the portfolio allocations at the cabinet level or do you think whoever gets whatever in terms of the various ministries, it does not really change the prospects at company level, at the index level and hence one should completely ignore the noise which is coming in from the political scene right now. Our belief is that now that the elections and the verdict is behind us, it is back to basics and back to fundamentals. So, for India as such and for the markets, if you look at the three factors that were driving markets so far are largely intact.

Shares of Prestige Estates Projects Ltd.(up 4.57 per cent), Sunteck Realty Ltd.(up 3.32 per cent), Phoenix Mills Ltd.(up 3.17 per cent), Macrotech Developers Ltd.(up 2.9 per cent) and Oberoi Realty Ltd.(up 0.52 per cent) ended the day as top gainers in the pack.

Narendra Modi on Monday will set the ball rolling for his third consecutive term by announcing the key portfolios allotted to ministers a day after their swearing-in ceremony after the first Cabinet meeting.