Trade Financial News

The official token presale for BNB-Chain’s new version of Bitcoin (BTC) has launched. The name of the cryptocurrency is “Bitnance” and it has a token symbol of $BTN.

Shares of Bank of Baroda(up 2.07 per cent), Axis Bank Ltd.(up 1.12 per cent), Bandhan Bank Ltd.(up 0.91 per cent), State Bank of India(up 0.23 per cent) and Punjab National Bank(up 0.2 per cent) ended the day as top gainers in the pack.

Shares of ended the day as top gainers in the pack.

Torrent Power, one of the largest companies in the country’s power sector.In the last four sessions, Torrent Power shares gained nearly 10% after the BJP came to power for the third consecutive time, albeit this time as a coalition government for the first time in ten years. Analysts anticipate policy continuity and ongoing infrastructure investments under the potential third term of Prime Minister Narendra Modi.Also Read: BSE Power records 107% surge in a year, 9 stocks including NTPC, Tata Power jump between 100% and 400% – here's why Investors remain optimistic about the government's focus on enhancing the power sector, a cornerstone of its development agenda.

Healthy Life Agritec has demonstrated remarkable value for its shareholders. The stock has given multifold returns to its investors, skyrocketing 470 percent in a little over 2 months, since April 2024, from ₹3.80 in March 2024 end.Overall, in 2024 YTD, the stock has rallied 309 percent, while, in the last 1 year, it has soared 190 percent.It has advanced 19.5 percent in June so far after a 159.5 percent surge in May and an 84 percent jump in April.

Wild trading in meme stocks such as GameStop and AMC Entertainment has once again captured the imaginations of individual investors, but the frenzy of YOLO trading hasn’t lifted the fortunes of the fund industry. Assets in U.S. thematic funds peaked at nearly $200 billion in 2021 and have since dropped to $120 billion, according to Morningstar Direct, even though major stock indexes are trading near records.

Motilal Oswal Financial Services (MOFSL) soared 18.7 per cent on Monday on the BSE, hitting a new all-time high of ₹719.95 as the stock began trading ex-bonus from Monday’s session.In May, the financial services company announced a bonus share issue for its shareholders who are eligible in a 1:3 ratio. This means that the shareholders are entitled to receive three bonus or free shares for every share.With Monday's surge, the stock is now up 113 per cent for 2024, marking its best calendar year performance since 2017, when it nearly tripled with gains of 186 per cent.

In this report, we explore and analyze Ethereum’s ecosystem surge and the ETH price action in May 2024.

The recent termination of the US-Saudi petrodollar agreement marks a turning point that could significantly influence Bitcoin’s financial trajectory. This development disrupts a decades-long economic standard and introduces the potential for increased currency diversification globally.

Marico, one of India’s leading consumer products companies in the hair and wellness market, have shown a strong upward trend since April, rebounding from a steady decline between September 2023 and March 2024.In April, the stock made a robust comeback, ending the month with a 4.18% gain and extending its rally into May with an additional 15% increase. So far this month, shares are up nearly 10%, resulting in a cumulative gain of 31.60% in less than three months, trading at ₹654.60 apiece.

Cross Light Capital, a local fund management company, has joined forces with Affin Bank to launch Malaysia’s first digital asset fund.

₹320.95 in intraday trade on BSE on Monday, June 10, in an otherwise lacklustre market. Rallis India share price opened at ₹286.70 against its previous close of ₹281.85 and surged 13.9 per cent to hit its 52-week high level.

Read here: Stocks to buy: Top four stock picks by Kotak Equities for JuneThis is because the favourable result of the Modi-led NDA forming the government for the third straight term will lead investors to think for the next 5 years and leave aside near-term over-valuations.However, in the latter part of June, the brokerage believes the focus will shift to the Budget wherein the government has received a bonus from RBI in the form of a Dividend of ₹2,11,000 crore which will support the budget for higher capital spending and lowering the fiscal deficit."We may see some softness in the market towards the later part of June month as the market will start factoring in June quarter results. The June quarter results are likely to be soft on account of slowdown in activity due to election and extreme heat waves," it said.Read here: Paytm share price gains over 8.5% to cross ₹400 mark after 8 weeksMoreover, it added that with sticky inflation the rate cut cycle got postponed from June to November in the US but corporate results for the March quarter were strong and ahead of expectations, that supported the market and took it to a newer high.

Also Read: IPO listing: Kronox Lab Sciences share price debuts at ₹165, a 21% premium to issue priceThe company will credit the shares in the demat accounts of investors who received the allotment and initiate refunds to unsuccessful bidders on June 11.Sattrix IPO allotment status check online can be done with simple steps mentioned below. Step 1] Visit IPO registrar website on this link - https://ipo.bigshareonline.com/ipo_status.htmlStep 2] Select ‘Sattrix Information Security Limited’ from the Select Company dropdown menuStep 3] Choose among Application No, Beneficiary Id and PAN from the Selection TypeStep 4] Enter the details as per the option selectedStep 5] Enter the Captcha and click on ‘Search’Your Sattrix IPO allotment status will be displayed on the screen.Also Read: Ixigo IPO opens: Check GMP, key dates of Le Travenues Technology IPO. Should you subscribe or not?Sattrix IPO GMP today, or grey market premium today, is ₹14 per share, as per stock market observers.

Investors with a high-risk appetite can look at quant funds which eliminate the risk of fund manager decisions going wrong. The data-driven approach of these funds can execute trades quickly and gain from thin price differentials to generate higher capital appreciation.

With the ‘Virtual Asset User Protection Act‘ set to take effect on July 19, the Financial Services Commission (FSC) has issued new guidelines detailing when non-fungible tokens (NFTs) should be considered virtual assets.

Grasim Industries, and Cipla supported the rally.Also Read: Paytm share price gains over 8.5% to cross ₹400 mark after 8 weeks, recovers 33.5% from all-time lowBuying was also witnessed in the broader markets as the Nifty Midcap 100 and the Nifty Smallcap 100 index traded higher. Among sectors, Nifty PSU Bank, Nifty Realty, Nifty Oil & Gas, Nifty Pharma and Nifty Auto led the gains, while Nifty IT was trading in the red.Market sentiment improved as concerns over political stability and policy continuity waned after the new government led by Prime Minister Narendra Modi was sworn in over the weekend.

One 97 Communications, the parent company of Paytm, surged another 8.60% in early morning trade, crossing the ₹400 mark for the first time in 8 weeks to reach ₹414.This rally has propelled the stock to gain 33.54% from its all-time low of ₹310, touched in the second week of May. During Friday's trading session, the company's shares hit the 10% upper circuit limit, following a 2% gain in the previous session.Stock exchanges recently raised Paytm's upper circuit limit to 10%, after initially reducing it to 5% due to significant volatility stemming from the RBI's restrictions on Paytm Payments Bank.Paytm has recently said it is seeing early signs of recovery and strong stabilization in its Unified Payments Interface (UPI) business.

₹7,066 crore in the information technology services company.Mphasis shares were trading down 2.51% at ₹2,409.85 apiece at 9.40 am on Monday, a strong market day with the benchmark Sensex opening at a record 77,000 points.This is Blackstone's second move at selling Mphasis shares, this time through the open markets.Blackstone Capital Partners first acquired a 60.48% stake in Mphasis from Hewlett Packard Enterprises in 2016 for ₹5,466 crore (at the time, $827 million). After failing to sell its Mphasis shares through a private deal, Blackstone rolled over its stake in the company to a new fund in April 2021.

gold in the last one week has been -1.06%. Whereas in the last month it has been -0.25%.The cost of silver is Rs.90720.0 per kg Gold Price Today in Delhi is ₹73567.0/10 grams. Yesterday’s Gold Price on 09-06-2024 was ₹74286.0/10 grams.

startups to foster growth and achieve sustainability. Traditionally, equity financing has been the go-to option for many young businesses. However, amid a significant dip in equity fundraising, they are now turning to debt financing as a viable alternative to fuel their growth.