Trade Financial News

«If stability is given, then post the market volatility around the event, eventually markets are going to pick up, that is what I think. And the positioning also may end up looking like that because right now to the surprise of many the FII positioning ended up being extremely short,» says Rohit Srivastava, Strike Money Analytics & Indiacharts. I want to play the long trade. My assumption is that BJP would come with clean majority, unlike what the Street is thinking right now and I want to play a long trade. Naked futures may not be a great idea. So, how should I play it on the options and then we will do the flip side; if I believe that no, they may actually come with very weak numbers or the performance may not be that good. I want to play the short side, so on both sides what should be the right trade? Sometimes if one thinks about this and if we keep both options open of getting the majority, not getting the majority and I am saying BJP standalone, then you would end up buying a straddle.

Pidilite Industries Ltd. rose 2.13 per cent to Rs 2933.9 in Friday's trade. It hit an intraday high of Rs 2998.5 and low of Rs 2928.1, respectively, during the day. The stock quoted a 52-week high price of Rs 3116.0 and low of Rs 2293.1.

Open interest indicates that bulls are likely to dominate the following counters. In Friday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Info Edge (India) Ltd. traded 1.1 per cent up at Rs 5690.95 at around 01:08PM (IST) on Friday. The stock had closed at Rs 5754.75 in the previous session. Equity benchmark Sensex traded 209.61 points higher at 74095.21 around the same time.

Bajaj Holdings & Investment Ltd. dropped 1.87 per cent to Rs 7843.15 at 12:52PM (IST) in Friday's trade. The stock hit a high of Rs 8014.45 and low of Rs 7830.0 so far during the session. The stock had closed at Rs 7993.25 in the previous session. The counter had a total traded volume of 12:52PM shares so far with a turnover of Rs 0.91 crore on BSE. The stock traded at a price-to-earnings multiple of 12.08 and a price-to-book ratio of 1.7.

crypto market saw a trading session mainly in the red on Friday, although Bitcoin (BTC) traded in the green ahead of forthcoming key inflation data, which could clarify the Federal Reserve’s interest rate plan. At 12:04 pm, BTC was trading 0.8% higher at $68,337, while Ethereum experienced a marginal decline of over 0.1% to $3,738. Meanwhile, the global cryptocurrency market cap rose by 0.3% to around $2.54 trillion in the last 24 hours.

Torrent Power Ltd.(up 3.73%), CESC Ltd.(up 3.44%), Transformers & Rectifiers(India)Ltd.(up 2.75%), NHPC Ltd.(up 2.23%), RattanIndia Power Ltd.(up 2.20%), Hitachi Energy India Ltd.(up 2.05%), Power and Instrumentation(Gujarat)Ltd.(up 1.95%), Adani Power Ltd.(up 1.74%), Tata Power Company Ltd.(up 1.72%) and Adani Energy Solutions Ltd.(up 1.58%) were among the top gainers.

GAIL (India) Ltd. traded 0.72 per cent up at Rs 200.8 at 11:06AM (IST) on Friday, even as BSE benchmark Sensex gained 117.91 points to 74003.51. The stock had closed at Rs 199.35 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 213.7 and Rs 103.2, respectively.

Domestic benchmark index NSE Nifty gained 21.85 points to 22510.5, while the BSE Sensex traded 127.85 points up at 74013.45.

Benchmark NSE Nifty index rose 22.4 points to 22511.05 amid buying in frontline bluechip stocks.

The NSE Nifty index was trading 35.2 points up at 22523.85, while BSE Sensex was up 154.46 points at 74040.06 at the time of writing this report.

Apollo Hospitals rallied 3.4% in Friday's early trade to the day’s high of Rs 5,955 after the company reported a 77% year-on-year (YoY) jump in its net profit. The company’s revenue from operations in the January-March 2024 period increased 15% YoY to Rs 4,944 crore and the board of directors have also recommended a final dividend of Rs 10 per share for the year FY24.

ACC Ltd. gained 0.9 per cent to Rs 2518.45 at 10:55AM (IST) in Friday's trade. The scrip hit a high of Rs 2542.05 and low of Rs 2513.65 so far during the session. The stock had closed at Rs 2495.8 in the previous session. The counter had a total traded volume of 10:55AM shares so far with a turnover of Rs 0.4 crore on BSE. The stock traded at a price-to-earnings multiple of 20.34 and a price-to-book ratio of 2.87.

rupee appreciated 5 paise to 83.24 against the US dollar in early trade on Friday boosted by robust sentiment in domestic equity markets and a downward trend in the crude oil prices overseas. Forex traders said, however, strong American currency and unabated outflow of foreign capital weighed on the local unit. Also, they said market participants are expected to take cues from domestic macroeconomic data to be released later in the day.

US personal consumption expenditure data, gold August futures on MCX opened flat at Rs 72,100, down by 0.16% or Rs 116 while silver July contracts opened lower by Rs 1,077 or 1.14% at Rs 93,046. Gold and silver showed mixed trends in the international markets after the U.S. GDP data came as per market expectations. The second estimate of first-quarter GDP came up at 1.3% year on year against an expected reading of 1.2%.

SME IPO of TBI Corn opened for subscription earlier today and will close on June 3. The company aims to raise about Rs 45 crore through the SME IPO and list the shares on the NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About TBI Corn

President Joe Biden likes to call the United States “the indispensable nation.” By that he means that America is the only power simultaneously mighty and benevolent enough to preserve whatever is left of a liberal order — one in which rules and multilateral institutions govern, among other things, a system of relatively free international finance and trade. But what if the US itself, even under Biden, turns against the system it’s supposed to guard, becoming an agent of economic nationalism, international fragmentation and hostile bloc-building? Doubts to that effect have popped up throughout the Pax Americana, the long period of US leadership that followed World War II. What most frightened America’s friends abroad, though, was Donald Trump in the White House. His “America First” worldview was a throwback to a much earlier US stance of isolationism and nationalism.

Tech Mahindra Ltd.(up 0.52 per cent) and Wipro Ltd.(up 0.45 per cent) were among the top gainers.

Sensex plunged 617.30 points to close at 73,885.60, while the Nifty 50 settled 216.05 points, or 0.95%, lower at 22,488.65.Nifty 50 formed a bearish candlestick pattern with upper and lower shadows on the daily timeframe.Also Read: Indian stock market: 9 key things that changed for market overnight - Gift Nifty, US GDP, jobless claims to China PMI“On the daily chart, the uptrend has weakened. Thursday’s negative closing has led to the Nifty closing below the previous swing high of 22,795.

₹865 a share (25 shares equal one contract). This is the price that option sellers have charged buyers of the 22500 call and put option—straddle in market speak—which works out to a total 7.7% range (22500-865 and 22500+865)to cover their risk in the event of sharp price movements.For context, the Nifty swung 427 points (4%) between intraday high and low in the previous Lok Sabha election result day on 23 May 2019 and 433 points (6%) during the results for Lok Sabha 2014 polls on 16 May 2014.During such events traders' anticipation of wild swings raises prices of both call and put options.

Stock market today: Despite strong buying in banking stocks, the Indian stock market ended lower for the fifth straight session on Thursday. The Nifty 50 index lost 216 points and closed at 22,488, while the BSE Sensex shed 617 points and ended at 73,885. However, the Bank Nifty index gained 181 points and closed at 48,682.