Trade Financial News

Lupin Ltd.(up 2.1 per cent), Natco Pharma Ltd.(up 1.72 per cent), Torrent Pharmaceuticals Ltd.(up 1.15 per cent), Alkem Laboratories Ltd.(up 0.92 per cent) and Laurus Labs Ltd.(up 0.83 per cent) were among the top gainers.

Bikaji Foods International Ltd.(up 5.26%), Vadilal Industries Ltd.(up 4.51%), LT Foods Ltd.(up 4.15%), Sheetal Cool Products Ltd.(up 2.31%), Jyothy Labs Ltd.(up 2.06%), Parag Milk Foods Ltd.(up 1.78%), Marico Ltd.(up 1.32%), Hatsun Agro Products Ltd.(up 1.06%), Umang Dairies Ltd.(up 1.05%) and Adani Wilmar Ltd.(up 0.89%) were among the top gainers.

Q. I am a real estate broker, running my small business in Ghaziabad. My wife is a housewife. I have been investing in large cap stocks for the past 7 years. I now intend to diversify my portfolio and invest in index funds tracking the banking sector. I am currently confused between mutual funds tracking the Nifty Bank Index and the Nifty PSU Bank Index. Can you please elaborate? Ramdheer Rathore, Ghaziabad, Uttar Pradesh

Renu Baid Pugalia, V-P-Research, IIFL Institutional Equities, says coming to valuations in capital goods stocks, on a relative scale Larsen & Toubro has disappointed on earnings and where the relative outlook in terms of margins was soft. From an earnings perspective, ABB saw almost 10% upgrade in earnings, Siemens saw 15% to 20% upgrade in earnings. Pugalia says that valuation is a pretty tough rope to walk for investors. The best strategy probably is to stay invested and hold on to these names, wait for opportunities for dips to add more. Pugalia does not see any deep value names, but probably some of the government owned companies, like Bharat Electronics on a relative scale given the kind of earnings growth momentum and visibility that they have, look much more attractive on valuations, trading at sub-30 times one year forward.

Bureau of Labor Statistics said it inadvertently released Consumer Price Index data 30 minutes early on Wednesday. “In advance of today’s CPI and Real Earnings releases, BLS inadvertently loaded a subset of files to the website approximately 30 minutes prior to the release,” BLS said in a statement posted on its website Wednesday evening.

stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver at least two rate cuts this year. The dollar remained on a downtrend, sagging to fresh multi-week lows against peers including the euro and sterling.

Gold prices edged higher on Thursday, supported by a softer dollar and lower Treasury yields after data signalled cooling U.S. inflation, bolstering bets for an interest rate cut by the Federal Reserve.

Equity markets declined in a volatile trade on Wednesday. The 30-share Sensex declined 117 points to settle at 72,987 and the broader Nifty dipped 17 points to close at 22,200. Stocks that were in focus include names like Siemens India, which rose 6.33%, Oil India, which jumped 1.98%, and LIC, whose shares increased 6.82% on Wednesday.

Warren Buffett's Berkshire Hathaway on Wednesday revealed a new, $6.72 billion stake in the insurer Chubb, confirming months of speculation that it had made a big new investment. Berkshire owned 25.92 million Chubb shares as of March 31, according to a regulatory filing detailing Berkshire's U.S.-listed holdings as of that date.

Sensex declined 117.58 points, or 0.16%, to close at 72,987.03, while the Nifty 50 settled 17.30 points, or 0.08%, lower at 22,200.55. “Relentless FIIs selling and India Vix at elevated levels put pressure on the market. We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Sensex fell 117.58 points, or 0.16%, to close at 72,987.03, while the Nifty 50 settled 17.30 points, or 0.08%, lower at 22,200.55. Nifty 50 formed a small negative candle on the daily chart with a minor upper and lower shadow. Also Read: Indian stock market: 10 key things that changed for market overnight - Gift Nifty, US inflation to weak dollar “Technically, this pattern signals choppy movement in the market at the hurdle.

Stock market today: The Indian stock market, despite strong global cues, snapped a three-day winning streak on Wednesday. The Nifty 50 index closed at the 22,200 mark, the BSE Sensex closed at the 72,987 mark, and the Bank Nifty index finished at 47,687. Cash market volumes on the NSE rose about 9 percent to Rs.1.01 lakh crore.

The first month of 2024-25 has been a mixed bag for India’s trade. Exports edged up 1.1% from a year earlier to nearly $35 billion in April, but imports grew faster at 10.3% to $54.1 billion, widening the trade deficit to a four-month high of $19.1 billion. It’s clearly a relief that exports have held up despite geopolitical tensions and trade disruptions globally.

Professional investors with a bullish or bearish conviction on artificial-intelligence stocks and looking to magnify their profits with leverage can now do so with two new exchange-traded funds.

Buy or sell stocks: Despite strong global cues, the Indian stock market broke its three-day winning streak on Wednesday. The Nifty 50 index closed at the 22,200 mark, the BSE Sensex closed at the 72,987 mark, and the Bank Nifty index finished at 47,687. Cash market volumes on the NSE rose about 9 percent to Rs.1.01 lakh crore.

F&O ban list: Twelve stocks have been banned for trade on Thursday, May 16, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, these stocks will be available for trading in the cash market.

Dividend stocks 2024: Shares of Tata Consultancy Services Ltd (TCS) will be in focus when the stock market opens on May 16 (Thursday). The Board of Directors of TCS has declared a final dividend of ₹28.00 per equity share for its eligible shareholders.

PM Modi's Nashik visit. “On August 19, 2023, the Union government had imposed a 40% duty on the export of onions. On October 28, 2023 a new decision was made instead requiring the exporter to pay the government $800 per tonne of onion instead.

₹321.6 crore in the December quarter, against a net loss of ₹401.3 crore a year earlier. With its ambitious expansion plans across the green energy ecosystem, ReNew has been looking at options to raise funds both through asset sale and debt financing. In February, Mint reported that ReNew Energy Global Plc is in talks with Singapore’s Sembcorp Industries Ltd to sell solar energy projects totalling 350 megawatts (MW), with the deal estimated to be valued at around $241 million at the enterprise level and around $121 million in terms of equity.

Online marketplaces such as Amazon, Flipkart and Myntra may soon have to root out fake product reviews, as the government turns the heat on the menace that frequently leads to frustration and financial losses. The marketplaces will also be prohibited from editing user reviews to alter their message, and must ensure that the original content and intent of the reviewer are preserved, a top government official said. Companies will also be disallowed from preventing negative reviews.

New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers