Trade Financial News

DLF Ltd. traded 2.76 per cent up at Rs 783.65 at 01:08PM (IST) on Wednesday, even as BSE benchmark Sensex gained 1637.58 points to 73716.63. The scrip had closed at Rs 762.6 in the previous session. The stock quoted a 52-week high price of Rs 967.0 and 52-week low of Rs 461.55, respectively. As per BSE data, total traded volume on the counter till 01:08PM (IST) stood at 126435 shares with a turnover of Rs 9.76 crore.

gold in the last one week has been 0.96% whereas in the last month it has been -0.36%.The cost of silver is Rs.88930.0 per kg down by Rs.1470.0 per kg.Gold Price in Delhi: Gold Price Today in Delhi is ₹74200.0/10 grams. Yesterday’s Gold Price on 04-06-2024 was ₹73948.0/10 grams. and last week’s gold price on 30-05-2024 was ₹74658.0/10 grams.Silver Price in Delhi: Silver Price Today in Delhi is ₹88930.0/Kg.

Angel One shares surged by 6% during early morning trade today, reaching ₹2296 apiece, following a positive response from investors to the company's May business update. The update revealed a substantial increase in the company's client base, which soared to 23.83 million in May 2024 from 14.59 million in May 2023, marking a remarkable surge of 63.3%.In terms of transaction volume, Angel One processed 158.72 million orders in May 2024, representing a substantial year-on-year increase of 75.2%.

A group backed by Wall Street heavyweights BlackRock and Citadel Securities is planning to start a new national stock exchange in Texas, aiming to take on what they see as onerous regulation at the New York Stock Exchange and Nasdaq. The Texas Stock Exchange, which has raised approximately $120 million from individuals and large investment firms, plans to file registration documents with the Securities and Exchange Commission later this year, CEO James Lee told The Wall Street Journal. The goal is to begin facilitating trades in 2025 and host its first listing in 2026.

Britannia Industries, Nestle India, Hero MotoCorp and HCLTech were the top gainers, while Hindalco, Power Grid Corp., Laresn & Toubro, Adani Ports & SEZ, and Adani Enterprises, were the top drags. Sensex Today Live : Only five stocks, Power Grid Corp., Larsen & Toubro, NTPC, ICICI Bank, and Axis Bank, out of the 30 on the BSE Sensex, were trading in the red, while Hindustan unilever, Mahindra & Mahindra, Nestle India, HCLTech, and Asian Paints were the top gainers.

BJP has erased almost all the gains made by the Nifty this year in just one day. The Nifty fell by 1,379 points or 5.93% on Tuesday, but it still trades at an expensive valuation compared to global markets, with 21.27 times its one-year forward earnings, second only to Japan. Both India and Japan have experienced sharp rallies, driven by rapid economic growth in India and corporate reforms in Japan. Currently, the Chinese market is trading at 11 times its one-year forward earnings, while Singapore, Korea, Hong

Axos Financial drops after Hindenburg Research shorts stock U.S. stocks ended a shade higher on Tuesday following softer-than-expected labor market data that reaffirmed expectations of an interest rate cut by the Federal Reserve.

Oil prices extended losses slightly from the previous session in early Asian trading on Wednesday after an industry report showed builds in U.S. crude and fuel stockpiles, adding to concerns around demand growth. Brent crude futures fell 14 cents, or 0.2%, to $77.38 a barrel by 0005 GMT. U.S. West Texas Intermediate crude futures fell 18 cents, or 0.3%, to $73.07 a barrel.

Mexico's treasury secretary has pledged to bring down the budget deficit in coming years, after the country suffered a partial meltdown in the currency and stock market

Just back from a visit to Ukraine, a U.S. Treasury official is describing a country whose wartime economy has proven resilient in the face of Russia’s invasion, and he says U.S. and allied budget assistance is designed to help Ukraine combat corruption...

Stock market today: Following the sell-off trigger after the disappointing Lok Sabha Election results, the Indian stock market crashed heavily on Tuesday. The Nifty 50 index tumbled to its worst-ever session in over four years. The 50-stock index crashed 1379 points and finished at 21,884.

India’s stock market tumbled on Tuesday as Lok Sabha election results showed the ruling National Democratic Alliance (NDA) led by the Bharatiya Janata Party (BJP) underperforming exit-poll predictions. The S&P BSE Sensex closed 5.7% lower, having fallen as much as 8.2% in intraday trade.

Sensex crashed 4,389.73 points, or 5.74%, to close at 72,079.05, while the Nifty 50 settled 1,379.40 points, or 5.93%, lower at 21,884.50.Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty to Lok Sabha election results 2024Nifty 50 formed a huge, long negative candle on the daily chart with lower shadow. “Nifty recovered from near the lower support of 200-day EMA (Exponential Moving Average) around 21,250 levels.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 5On Tuesday, the Indian stock market suffered a massive selloff after the Lok Sabha election result trends fell short of what the exit polls had predicted, spooking investors.The Sensex crashed 4,389.73 points, or 5.74%, to close at 72,079.05, while the Nifty 50 settled 1,379.40 points, or 5.93%, lower at 21,884.50.“Markets will likely shed the 'Modi premium,' causing a correction in PSU and infra stocks. Once this turbulence stabilizes, attention will shift to the core macro factors affecting India.

PSUs) tanked in Tuesday's trading as investors worried about their prospects after the Bharatiya Janata Party failed to secure a thumping majority in the general elections — considered key for further gains in these stocks. Investors are concerned that a weakened BJP-led coalition government's focus on reviving state-owned companies could hit a roadblock in its third term. The BSE's PSU index tumbled 15.7%, its highest single-day losses ever, while the Sensex and Nifty dropped between 5% and 6%. Power financier REC slumped 24%, followed by Power Finance Corporation, Container Corporation of India, Bharat Electronics, BHEL, SAIL which have declined between 18-22%. Most PSU stocks tanked over 10% during the day. The sell-off eroded ₹10.62 lakh crore of PSUs' market capitalisation in a day.

markets reacted sharply on Monday to the NDA falling short of expectations in the Lok Sabha elections, which triggered a loss nearly 6% to both Sensex Nifty «The markets are pricing the risk associated with this scenario, and the potential impact of a shift toward socialist policies by the government, thus leading to a sell-off,» said Yashovardhan Khemka, Senior Manager, Research & Analytics at Abans Holdings.

Adani Power, a part of the Adani Group companies, has rallied over 200% in a year and picked up momentum in the run-up to the Lok Sabha election outcome in anticipation of continuity of reforms. «If the current government retains majority, as exit polls suggest, it adds wings to the strong sector outlook,» Jefferies said in a report, adding that power and defence linked capex have the highest visibility.

Lok Sabha elections 2024 Results: June 4 is here, and people across the world have set their eyes on the clock as the biggest democracy is all set to get its new government. The year 2024 is packed with elections across several nations, and India's general election is one of the most crucial ones, as the new government will be formed amid intense geopolitical tensions and wide trade disruptions.

Also read: Lok Sabha election results: Basant Maheshwari warns PSU stock holders of downtrend, says to 'analyse shares'Nifty 50 plummeted 8.5 percent to reach its intraday low of 21,281.45, opening at 23,179.50, on Tuesday. The Sensex began trading at 76,285.78, and it fell 8.2 percent to reach 70,234.43.Sensex concluded the day at 72,079.05, down 4,390 points, or 5.74 percent, while Nifty 50 finished the day at 21,884.50, down 1,379 points, or 5.93 percent.“Indian equities plunged after the vote counting trends suggested a lower seat count for the ruling NDA government.

Keith Gill, aka Roaring Kitty, is reportedly under scrutiny from regulators and at risk of losing access to Etrade, following publicity earlier this week of his holding of more than $116 million in GameStop stock.

More than 9 million Russians own cryptoassets such as Bitcoin, Ethereum, and USD-pegged stablecoins, experts claim.