Trade Financial News

Tata Power Company Ltd. traded 0.2 per cent down at Rs 446.7 on Thursday at around 11:26AM (IST), while the benchmark BSE Sensex advanced 359.09 points to 74580.15. As many as 284,369 shares changed hands on the counter with a total value of Rs 12.77 crore.

Sikko Industries Ltd.(up 8.29%), Krishana Phoschem Ltd.(up 2.10%), Aries Agro Ltd.(up 1.54%), Madhya Bharat Agro Products Ltd.(up 0.88%), Mangalore Chemicals & Fertilizers Ltd.(up 0.81%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.59%) and Zuari Agro Chemicals Ltd.(up 0.38%) were among the top gainers.

Domestic benchmark index NSE Nifty gained 99.25 points to 22697.05, while the BSE Sensex traded 349.39 points up at 74570.45.

stocks are under the Future & Options (F&O) trade ban on Thursday, viz. Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Biocon, Hindustan Copper, Vodafone Idea, IEX, Indian Cements, Metropolis Healthcare, National Aluminium, Piramal Enterprises, Punjab National Bank, and Zee Entertainment Enterprises. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits (MWPL). The ban on it is reversed only if the open interest falls below 80%.

Gurmeet Chadha, Managing Partner & CIO, Complete Circle Consultants, says None of the FMCG names are less than 50-60 times. So, if they fail to deliver on double-digit volume growth and margin expansion, one has to be a little careful because a lot of the profit growth has come from realisations and not as much as from volume. So, one has to be a little selective. We are more keen on adding the likes of ITC, Tata Consumer in the portfolio in that space. The commentary from most of the management has been pointing to a rural recovery, but would you buy the argument and buy afresh in these FMCG names? Gurmeet Chadha: It is a combination of commentary being good and elections also playing a role especially as the rural spending picks up. It is a bit of a form of mini-stimulus. In fact, there is a very interesting report which talks of that there is actually some bit of labour shortage in industrial states like Maharashtra, Gujarat, Tamil Nadu as people go back to rural areas during election time and there is election-related spending which actually leads to some bit of reflection in the rural sales as well, reflecting in FMCG numbers as well.

Jane Street Group, many trading firms are employing a relatively simple strategy: short volatility. The trade, or variations of it, revolves around a bet that Indian stock indices will move within relatively small ranges, according to five participants familiar with the strategy, who asked not to be identified discussing private information. Significant amounts of capital are deployed to scale the derivatives bets in the world’s largest market by number of options contracts traded, the people said.

Mint takes a closer look at what it means. The object behind the regulator's decision is to facilitate ease of doing business for listed companies, which are regulated by it.

Lupin, and Reliance Industries, while Patel Engineering is recommended as a buy at CMP 65 for an intermonth momentum play."--Prashanth Tapse, Senior VP (Research), Mehta Equities LtdSensex Today Live : L&T Technology Services announced the inauguration of the Simulation Centre of Excellence for Airbus, strategically located at the LTTS stateof-the-art campus in Bangalore. This Centre of Excellence is designed to bolster engineering support for Airbus aircraft structural simulation activities across its diverse business units in Europe spanning France, Germany, the UK, and Spain.The Simulation CoE aims to unify and standardize processes across all Airbus European business units and aircraft programs.

South Korean police officers have arrested 28 people they suspected of orchestrating a crypto investment fraud ring.

The Japanese e-commerce giant Mercari has taken another step into the crypto sphere by launching Ethereum (ETH) trading services on its app.

Sensex rose 267.75 points to end at 74,221.06, while the Nifty 50 settled 68.75 points, or 0.31%, higher at 22,597.80.Nifty 50 formed a bullish candlestick pattern with a long lower shadow on the daily charts. This pattern indicates support-based buying interest.“On the daily chart, Nifty continues to hold above the 20 and 50 day SMA, which is a positive signal.

Singapore Airlines shares fell more than 1% in early trade on Thursday, following a deadly turbulence-hit flight. One passenger died of a suspected heart attack and dozens were injured after flight Singapore Airlines SQ321 encountered what the airline described as sudden, extreme, turbulence while flying over Myanmar on Tuesday.

monetary easing amid sticky inflation. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.57%. Australia's S&P/ASX 200 index was one of the biggest decliners, slumping 0.8%, also hurt by a pullback in some commodity prices.

Sensex climbed 267 points to settle at 74,221.06 and Nifty rose by 68 points to finish at 22,597. Stocks that were in focus include names like Indian Bank, which fell 1.33%, Sun Pharma, which jumped 1.5%, and Hindustan Zinc, whose shares rose 4% on Wednesday.

Sensex gained 267.75 points, or 0.36%, to close at 74,221.06, while the Nifty 50 ended 68.75 points, or 0.31%, higher at 22,597.80.“Despite weak global cues, markets moved in a range and were positive for most part of the trading session aided by selective buying in IT, FMCG and realty stocks. The mood is currently of utmost caution, as investors don’t want to risk taking major exposure to equity assets with a couple of weeks left for the poll outcome," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.Here are key global market cues for Sensex today:The Gift Nifty today morning is trading lower by more than 10 points from Wednesday close.

dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials. Sterling remained firm after jumping to a one-month peak following hotter-than-expected inflation, and also drew support from the announcement of a UK parliamentary election for July 4.

Also Read | Wall Street today: US stocks drift ahead of Fed minutes, Nvidia drops as investors await earningsHere are the top 10 highlights from Nvidia's resultsNet income surged to $14.88 billion in the first quarter ended April 28, up more than sevenfold from $2.04 billion a year earlier.Revenue tripled to $26.04 billion from $7.19 billion in the previous year's quarter.Also Read | Nvidia earnings could spark $200 billion swing in shares, options showAdjusted earnings per share of $6.12 exceeded Wall Street's expectations of $5.60.Nvidia announced a 10-for-1 stock split.Also Read | An Nvidia co-founder’s latest bet: Making ‘Quantum Valley’ in New YorkThe company increased its dividend to 10 cents per share from 4 cents.Shares rose over 7% in after-hours trading to $1006.89.Also Read | Data Patterns India Q4 Results Live : profit falls by 7.97% YOYNvidia now boasts the third-highest market value on Wall Street, behind only Microsoft and Apple."The next industrial revolution has begun," CEO Jensen Huang declared.Huang predicted companies will use Nvidia chips to build "AI factories" producing "artificial intelligence."He said AI models are becoming "multimodal" and able to "reason and plan.""Training AI models is becoming a faster process as they learn to become 'multimodal' — that is, capable of understanding text, speech, images, video and 3-D data — and also 'learn to reason and plan,'" Huang added, as quoted by AP.Analysts praised Nvidia's performance, with Jacob Bourne of Emarketer remarking, "Nvidia defies gravity again." While tech giants aim to reduce dependence on Nvidia's AI hardware, "they're not quite there yet," Bourne said, as quoted by AP.(With Inputs from AP)Milestone Alert! Livemint tops charts as the

Chabahar Port close on the heels of a pact that gave India 10 years management rights over the port, Taliban has welcomed the initiative and noted that the port will provide an alternative to Pakistan's Karachi Port. The Taliban led government also is exploring a special zone in the Chabahar Port for international trade. Zabihullah Mujahid, the spokesperson for the Islamic Emirate, has said, «We are in favor of better economic relations with all countries, and the Chabahar port should be expanded. The more activity there is in Iran's Chabahar port, the more economic stability in the region is strengthened, benefiting Afghanistan, and we support it.»

ITC, IndiGo, Grasim, Power Grid, Nykaa, Gland Pharma among others will be in focus due to various news developments and quarterly earnings. ITC, IndiGo, Honasa, Tata Investment Shares of ITC, IndiGo, Honasa and Tata Investment will be in focus as the companies will announce their fourth quarter results today.

«Investors would now focus on Nivida earnings, US Fed meeting minutes, and UK inflation which will be released late today. Overall, we expect positive sentiments to continue in the market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

retail trader participation in stock futures and options overblown? Exchanges and stock brokers may have a reason to believe so. According to NSE data, the value of trades by retail investors who traded less than ₹10 lakh in a month as a percentage of total equity F&O turnover of ₹46.25 lakh crore in March was 0.6%. Options turnover in the total F&O turnover has been calculated on the basis of the premium and not the strike value (which is used by NSE and BSE to calculate their turnover officially).