Trade Financial News

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 31On Thursday, the Indian stock market benchmark indices suffered heavy selloff amid the monthly F&O expiry and ended nearly a percent lower each, extending losses for the fifth session in a row.The Sensex plunged 617.30 points, or 0.83%, to close at 73,885.60, while the Nifty 50 settled 216.05 points, or 0.95%, lower at 22,488.65.“Nervousness ahead of the exit poll and weak global cues continue to dent sentiments. Global markets remained under pressure due to rising bond yields and denting hopes of rate cut.

Associated Press reported.A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex, the report added.As per the report, Trump Media's stock fell about 9% in after-hours trading Thursday as news of the verdict emerged.The stock, which trades under the ticker symbol "DJT," has been extraordinarily volatile since its debut in late March. It joins the group of meme stocks prone to swinging from highs to lows as small-pocketed investors attempt to catch an upward momentum swing at the right time.Despite its volatility, the stock has tripled this year, often making double-digit percentage moves either higher or lower on a single day.

European Union (EU) is planning to increase its import duty from 10% to 25-30% on all Chinese electric vehicles and batteries to protect domestic producers. The US, too, has proposed to quadruple tariffs on Chinese EVs to 100% to discourage cheap imports. The proposed EU tariffs are expected to be announced in July, raising the possibility of Chinese manufacturers redirecting their excess inventory to markets like India, the people cited above said on condition of anonymity, adding that he ministry of commerce and industry has been tasked with spearheading these efforts, working in collaboration with other relevant departments and agencies.

Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market. Brent futures lost 12 cents, or 0.15%, to trade at $81.74 a barrel by 0008 GMT, while U.S. West Texas Intermediate (WTI) crude was down 17 cents, or 0.22%, at $77.74.

Equity markets remained under pressure for the fifth consecutive day as the selloff mood continued ahead of the exit poll data and mega election verdict. «Global markets remained under pressure due to rising bond yields and denting hopes of rate cut. We expect market volatility to heighten as we approach the general election outcome,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Angel One, the Mumbai-based stock broking major, is looking to create a holding company and structure its multiple businesses like credit, asset management and wealth management as the subsidiary entities, two people in the know said. Currently the businesses are held by Angel Broking, which owns a stockbroker licence from the Securities and Exchange Board of India, the people said.

Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, have slumped after former President Donald Trump was convicted in his hush money trial

Apollo Global Management Inc. plans to expand its asset origination business to sell private credit to retail channels, including exchange traded funds, Chief Executive Officer Marc Rowan said Thursday.

A new report has found that billions of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates, where it is refined and sold to customers around the world

A new AI-themed meme coin entrant that capitalizes on the excitement around artificial intelligence that has grabbed the attention of the crypto community is WienerAI ($WAI), which has already raised $3.5 million in its presale.

Elon Musk, who secretly acquired a major stake in Twitter Inc. in early 2022 before eventually buying it, did so with the help of a Morgan Stanley wealth manager who advised the billionaire on how to avoid alerting the broader market, according to a shareholder lawsuit.

Stocks that are trading heavily or have substantial price changes on Thursday: Salesforce, Agilent fall; HP, Foot Locker rise

Tata Steel Ltd will start generating operating profit from the latter half of this financial year, managing director T.V. Narendran said, once its blast furnaces are shut and the unit begins processing crude steel imported from India and the Netherlands. The company’s Dutch unit, also in the red in the March quarter, will turn an operating profit in the current quarter as full-scale production has resumed after lengthy maintenance work, Narendran said in an interview.

Stocks to buy: The Indian stock market saw a significant sell-off on Thursday, May 30, coinciding with the expiry day of May futures and options (F&O) contracts. The Sensex concluded the session down by 617 points, marking a decrease of 0.83 percent, settling at 73,885.60. Meanwhile, the Nifty 50 wrapped up the day at 22,488.65, registering a decline of 216 points or 0.95 percent.“Nifty index opened negative and dropped in the first tick itself which was followed by some range bound move in the first half of the session.

Chinese President Xi Jinping is calling for the establishment of an independent Palestinian state and promising more humanitarian aid for people in Gaza

Shares have opened higher in Europe after a retreat in Asia

Best Buy reported another quarterly drop in sales as the nation’s largest consumer electronics chain wrestles with cautious spending by Americans as they prioritize essential purchases and pay more for things like rent

On the BSE, Finelistings Techno(down 19.97 per cent), Brisk Technovision(down 16.49 per cent), ISGEC Heavy Eng(down 15.93 per cent), Nile Ltd(down 13.47 per cent) and Marksans Pharma(down 12.96 per cent) stood among the top losers in today's trade.

The NSE Nifty index ended the session 216.05 points down at 22488.65, while BSE Sensex fell 617.3 points to 73885.6.

Domestic benchmark index NSE Nifty ended 216.05 points down at 22488.65, while the BSE Sensex closed 617.3 points down at 73885.6.

Shares of Prestige Estates Projects Ltd.(up 2.21 per cent) and Macrotech Developers Ltd.(up 1.89 per cent) ended the day as top gainers in the pack.