Trade Financial News

Shares of Brigade Enterprises Ltd.(up 7.9 per cent), Sobha Ltd.(up 4.95 per cent), Prestige Estates Projects Ltd.(up 3.68 per cent), Oberoi Realty Ltd.(up 3.62 per cent) and Macrotech Developers Ltd.(up 2.17 per cent) ended the day as top gainers in the pack.

Nifty Bank closed lower on Wednesday after closing in the green for the past two trading sessions. The index witnessed selling pressure around 48,000 for the second day in a row. The Nifty Bank fell 172 points to close at 47,687 while the Nifty50 managed to hold on to 22,200 levels.

Michael Novogratz, the founder of Galaxy Digital Holdings, a prominent digital-asset financial services firm, expects Bitcoin to remain in a relatively narrow trading range in the current quarter.

Robinhood Crypto’s customers in Europe can now stake their Solana holdings and earn rewards, thanks to a new program launched Wednesday. The platform also introduced a rewards program to attract new customers.

The question everybody on Wall Street is asking this week: How is GameStop suddenly a big thing again? However, the more interesting question might be: Why was it still kind of a thing last week? On Tuesday, shares in videogame retailer GameStop rose 60% to $49 a piece, having already gained 74% Monday. Those of AMC Entertainment were up 135% on the week at Tuesday’s close. This new rally was triggered by X user “Roaring Kitty," who had been inactive for almost two years before posting a drawing of a man leaning forward on a chair.

Zen Technologies, a firm specialising in crafting combat training solutions and counter-drone systems for defence and security forces, has seen a consistent rise in its stock value. This surge is propelled by significant order acquisitions and improved financial results observed over consecutive quarters. Also Read: Bharti Airtel: Should you buy, sell or hold the stock after Q4 earnings? Here's what experts suggest The company's shares, which were trading at a price of ₹185 apiece three years ago, are now trading at a price of ₹962 apiece, rewarding their shareholders with a return of 420%.

₹150.85 per share on May 15, versus the previous close of ₹156.90 on Tuesday. The stock's decline was triggered by the company's announcement of a net loss of ₹49 crore for the March quarter of the financial year FY24. In the corresponding quarter of the previous year, the company had recorded a profit of ₹60 crore, whereas in the December quarter of FY24, the company's profit amounted to ₹5 crore.

₹96.8 trillion, representing 35% of the market share. However, retail involvement in index futures dropped. This trend is also evident in stock options compared to stock futures.

The world has witnessed a remarkable popularity of NFTs (non-fungible tokens) in the past few years. Across industries, these unique digital assets, backed by blockchain technology, have revolutionized how we perceive ownership and scarcity in the digital realm. NFTs have unlocked a new frontier of creativity and investment opportunities, from art and collectibles to music and gaming.

The Securities Commission Malaysia (SC), the country’s regulator, has approved the trading of the Worldcoin (WLD) token on digital asset exchanges recognized by the SC.

₹82 lakh) for underpayment of the employee health tax for the fiscal year ending December 31, 2020. Infosys disclosed in a regulatory filing that it received the order from Canada's Finance Ministry on May 9. “Penalty imposed on alleged underpayment of Employee Health Tax for the year ended December 31, 2020," as per the filing.

The company, which is owned by the Raspberry Pi Foundation, will publish a registration document and is currently considering applying for admission of its ordinary shares to the premium segment of the Official List and to trading on the Main Market of the LSE, it said in a stock exchange notice today (15 May). Raspberry Pi explained the IPO offer would comprise both new and existing shares, with certain current shareholders including the Raspberry Pi Foundation, selling some of their holdings. Private equity giant CVC chooses Amsterdam for €1.25bn IPO The IPO offer would be target...

Colgate-Palmolive (India) Ltd. dropped 3.63 per cent to Rs 2715.95 at 12:37PM (IST) in Wednesday's trade. The stock hit a high of Rs 2847.55 and low of Rs 2703.4 so far during the session. The stock had closed at Rs 2818.4 in the previous session. The counter had a total traded volume of 12:37PM shares so far with a turnover of Rs 5.22 crore on BSE. The stock traded at a price-to-earnings multiple of 60.33 and a price-to-book ratio of 27.81.

Canara Bank shares surged 4.6% to the day’s high of Rs 118.40 on BSE in Wednesday’s trade as the board’s decision to split the stock in 1:5 ratio came into effect today. For each share equivalent to a face value of Rs 10, the investors were to receive 5 shares of face value of Rs 2 per share.

Shares of Oberoi Realty jumped 7% to hit a 52-week high of Rs 1,629 in Wednesday's trade on BSE after the realty developer reported a 64% year-on year (YoY) rise in net profit at Rs 788 crore for the quarter ended March. In the corresponding quarter, the company posted a net profit of Rs 480.3 crore. Its revenue from operations increased by 36.8% to Rs 1,314.8 crore compared to Rs 961.4 crore in the corresponding period of the preceding fiscal.

Coal India and NMDC are exploring lithium mines in Chile and Australia, Secretary of Mines V.L. Kantha Rao said on Wednesday. The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh, to scout for critical minerals overseas, Rao told reporters at the sidelines of an industry conference in New Delhi. India will additionally take a delegation to Zambia in June, with executives from the Tata Group and Vedanta, he said. The two governments will discuss the joint exploration of critical minerals such as lithium.

Digital asset investment firm BlockTower Capital faces a major setback after fraudsters compromised its main hedge fund.

₹150, which is 61.29% higher than the issue price of ₹93. However, after a positive debut, the stock was locked in 5% lower circuit. TGIF Agribusiness IPO opened for subscription on Wednesday, May 8, and closed on Friday, May 10.

Joe Biden on Tuesday implemented 100% tariffs on various Chinese products, including electric vehicles, advanced batteries, solar cells, steel, aluminum, and medical equipment. Throughout this decision, Biden criticised Donald Trump's previous approaches and argued that Chinese government subsidies give their companies an unfair advantage in global trade by allowing them to operate without the need for profitability. Also Read: China warns new US tariffs to ‘severely’ impact relations: Report However, an old tweet from 2019 by President Joe Biden, criticizing then-President Donald Trump's imposition of tariffs on $300 billion worth of Chinese imports, is resurfacing amid Biden's recent decision to implement significant tariffs on various Chinese products.

Narendra Modi, calling him a strong leader who has taken India to new heights. He expressed confidence that Modi would return as the country's PM for a third term in the 2024 Lok Sabha elections, hoping that Pakistan also gets a leader like him. Tarar relocated to the US in the 1990s and maintains close ties with the ruling Pakistani establishment.

₹108 crore. Total income for the quarter stood at ₹397 crore, and net interest income was 11% higher at ₹172 crore. The company's gross non-performing assets ratio fell to 4.1% at the end of the reporting cycle from 5.8% as of March 31, 2023.