Trade Financial News

Gold rate today: Following slides in the U.S. dollar rates and the U.S. Treasury yields, gold price today witnessed strong buying in early morning deals.

The price change in 24 carat gold in the last one week has been 0.47% .whereas in the last month it has been 0.43%.The cost of silver is Rs.88710.0 per kg down by Rs.220.0 per kg. Gold Price Today in Delhi is ₹73570.0/10 grams. Yesterday’s Gold Price on 05-06-2024 was ₹73499.0/10 grams.

Also Read: Sensex Today Live Updates : Sensex up 500pts, Nifty at 22,770; BHEL, IEX, KP Green shares climbNifty 50 Outlook by Osho Krishan, Sr. Analyst, Technical & Derivatives, Angel OneThe Indian equity market is currently experiencing dynamic movements characterised by substantial swings in both directions. After the downturn from the previous session, there has been a notable reversal fuelled by short covering.

Sensex and Nifty soared over 3% each on heavy value buying by investors after NDA alliance partners started talks on government formation. The stocks that were in focus included names like HUL, which rose 4.29%; IRCTC, which gained 0.6%; and RVNL, whose shares rose 0.68% on Tuesday.

Nifty ended the day with a gain of 735.85 points or 3.36% at 22,620.35 level, led by strong buying activity across sectors but more prominent in banks and autos.

equity indices, Nifty50 and Sensex, opened higher for the second consecutive day on Thursday, led by banking stocks, as Narendra Modi is set to return to power for a third term after two key allies pledged their support to form a new government. The BSE Sensex was trading 403 points, or 0.55%, higher at 74,785. Meanwhile, the Nifty50 was up 112 points, or 0.5%, trading at 22,732 around 9:18 am.

India’s stock market bared a case of frayed nerves on Tuesday, with election results denying any single party a majority in Parliament and necessitating coalition rule. People worry that coalitions crimp governance, given how conflict and compromise could arise from bargaining by and accommodation of diverse partners and interests. Such worries are exaggerated.

Stocks to buy or sell: Following a significant downturn on Tuesday due to the Lok Sabha Election results, the Indian stock market showed signs of recovery on Wednesday. The Nifty 50 index surged by 735 points, closing at 22,620, while the BSE Sensex skyrocketed by 1303 points, concluding at 74,382.

F&O ban list: The National Stock Exchange (NSE) banned trading in one stock on Thursday, June 6, 2024, in the futures and options (F&O) segment because it exceeded 95% of the market-wide position limit (MWPL).However, the stock will be available for trading in the cash market. The NSE updates the list of securities in the F&O ban for trade every day.ALSO READ: 3 stocks that promoters bought during the market crash post election resultF&O ban list todayZee Entertainment Enterprises Limited (ZEEL) is the only stock on the NSE's June 6 F&O ban list.The National Stock Exchange (NSE) said the derivative contract in the mentioned securities has crossed 95% of the market-wide position limit and has been placed in the stock exchange's ban period.“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions.

NSE) has restricted trading of Zee Entertainment Enterprises Limited (ZEEL) in the futures and options (F&O) segment on Thursday, June 6, 2024, due to exceeding 95% of the market-wide position limit (MWPL). However, ZEEL will remain available to trade in the cash market. The NSE updates the F&O ban list daily, and ZEEL is the only stock affected today.Vivo is set to unveil its first foldable smartphone in India, the Vivo X Fold 3 Pro, at an event today, June 6.

The heatwave across India has hurt economic activity, with its level in both the manufacturing and service sectors recording a slowdown. According to survey results released on Thursday, the HSBC India services purchasing managers’ index (PMI) compiled by S&P Global dipped to 60.2 last month from 60.8 in April.

Stock market today: The Indian stock market rebounded significantly, erasing the previous day's losses and closing higher. The Nifty 50 index surged by 735 points to close at 22,620, while the BSE Sensex skyrocketed by 1303 points to finish at 74,382.

Sensex surged 2,303.19 points, or 3.20%, to close at 74,382.24, while the Nifty 50 settled 735.85 points, or 3.36%, higher at 22,620.35.Nifty 50 formed a long bull candle on the daily chart with lower shadow on Wednesday, beside the long bear candle of Tuesday.Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US Private Payrolls to Nvidia shares“Technically, this pattern indicates bullish inside day type pattern formation. This market action signals a counter attack of bulls after one day of weakness in the market.

BlackRock Inc., Citadel Securities and other investors are backing an upstart Texas stock market, laying down a challenge to the New York Stock Exchange and Nasdaq Inc. and signaling a potential boost for a state trying to grab more of the financial services industry. 

Mint explains why. The Indian stock markets was counting on a 350-plus seat victory for the BJP and 400 for the NDA. But, unlike in the earlier two Lok Sabha polls, the BJP failed to get even a simple majority of 272 seats, and the NDA won only 291 seats.

Turkey plans to introduce taxes on gains from crypto and stock trading. This was revealed by an official on June 5, and the decision is part of the strategic move to enforce strict fiscal discipline and improve price stability after the country has faced inflation challenges

The Brett (BRETT) price is pumping on Wednesday, with the market cap of the leading Base meme coin having surged above $1.2 billion this week as risk appetite across crypto markets picks up.

Walmart is offering new perks for its hourly workers

Stocks that traded heavily or had substantial price changes on Wednesday: Stitch Fix, CrowdStrike rise; Dollar Tree, Campbell Soup fall

Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500

Kaltbaum Capital Management President Gary Kaltbaum explains why the 'narrow' stock market is worrisome on 'Making Money.'