Trade Financial News

₹41.28 in December 2023 to touch its record high of ₹165.15 in intra-day deals. It hit its 2 percent upper circuit for the seventh straight session today. Meanwhile, it has soared over 743 percent in the last one year.

Demat accounts of successful bidders on May 14 and initiate refunds on the same day to those whose bids have been rejected. Also Read: Indegene share price makes a bumper debut, stock opens with 45% premium at ₹655 on NSE Silkflex Polymers IPO allotment status can be checked online.

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UPL expects to return to growth path in the ongoing financial year, normalisation in margins driven by agchem market returning to normality, the company said in its investor presentation on Monday.

trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.

Adani Power Ltd. dropped 2.17 per cent to Rs 590.0 at 01:59PM (IST) in Monday's trade. The scrip hit a high of Rs 605.0 and low of Rs 580.8 so far during the session. The stock had closed at Rs 603.1 in the previous session. The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 24.68 crore on BSE. The stock traded at a price-to-earnings multiple of 9.79 and a price-to-book ratio of 4.77.

Tube Investments of India Ltd. fell 3.6 per cent to Rs 3941.9 in Monday's trade as of 02:09PM (IST) even as the benchmark Nifty ruled at 22099.7, up 44.5 points. The scrip had closed at Rs 4089.5 in the previous session. The stock quoted a 52-week low of Rs 2622.35 and a high of Rs 4159.5. The company quoted a market-cap of Rs 79093.2 crore on the BSE.

Crompton Greaves Consumer Electricals Ltd. traded 0.95 per cent down in Monday's trade at 01:54PM (IST). Around 58,403 shares changed hands on the counter. The counter opened at Rs 330.35 and touched an intraday high and low of Rs 330.95 and Rs 320.35, respectively, in the session so far. The stock of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 345.2 and a 52-week low of Rs 252.1.

Ashok Leyland Ltd. traded 0.45 per cent down in Monday's trade at 01:49PM (IST). Around 585,181 shares changed hands on the counter. The stock opened at Rs 199.25 and touched an intraday high and low of Rs 199.25 and Rs 190.05, respectively, in the session so far. The stock of Ashok Leyland Ltd. quoted a 52-week high of Rs 205.1 and a 52-week low of Rs 144.2.

Bitcoin (BTC) began the week on a downward trend, trading around $61,000 with an intraday low of $60,675. Despite a previous surge following the U.S. approval of exchange-traded funds (ETFs), Bitcoin has not regained momentum.

Lawmakers in Turkey are reportedly set to submit a draft law on crypto regulation to the parliament this week.

The Public Security Bureau of Panshi City in Jilin Province has cracked down on an illegal operation involving underground banks and virtual currencies.

With India VIX jumping 43% in May, it is advised to market participants that they remain cautious in building fresh positions and it would be prudent to adopt a wait and watch policy, and focus on quality stocks with a longer-term perspective, and that also in an SIP mode, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. This analyst spells-out strategy in previous week’s major movers viz. Manappuram Finance, Canara Bank and Yes Bank and three more stocks. Here’s what he recommends: A hard week for markets with Nifty declining 2.6% WoW. Do you see this as an election led correction or there is more and what levels should one watch out this week and in the run-up to June 4 when the outcome unfolds? Aamar Deo Singh: Investors appear to be adopting a cautious approach ahead of the outcome of the general elections, and that is evident in the markets as a broad sell-off is visible across sectors.

Cryptocurrency markets witnessed a downturn in Monday's trading session, with Ethereum, Solana, and XRP leading the decline. The global cryptocurrency market cap also decreased by 1.1% to approximately $2.23 trillion within the last 24 hours. As of 11:50 a.m., Bitcoin was trading marginally higher at $61,150, while Ethereum experienced a 1.15% drop to $2,889. Additionally, altcoins like Solana (-5.2%), XRP (-2.6%), Dogecoin (-3.9%), Shiba Inu (-3.6%), Cardano (-2.7%), and Avalanche (-4%) followed suit in the downward trend.

demat accounts. Also Read: Upcoming IPOs: 6 new public issues and 12 new listings to keep primary market busy next week; check full list here Individuals who received shares will have their demat accounts credited on Tuesday, May 14. The refund procedure will begin on Tuesday, as soon as the allocation is finalised.

₹256.8 crore for the quarter ended March 2024, driven by strong operating numbers. Its income from operations increased by 9% on year to ₹1,513.7 crore. According to moneycontrol's news report, the company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 29.2% to ₹370.4 crore, with margins improving to 24.5% from 20.7% year on year.

Magadh Sugar & Energy Ltd.(up 1.15%) and Triveni Engineering & Industries Ltd.(up 0.66%) were among the top gainers.

ABB India in Monday’s trade jumped 8.5% on BSE to its new 52-week high of Rs 7,792.40 after the company reported an 87% jump in net profit at Rs 460 crore in the March 2024 quarter on the back of higher revenues. During the quarter, consolidated revenues came in at Rs 3,080 crore, up 28% from Rs 2,411 crore posted in the year-ago period.

Federal Bank Ltd. traded 0.4 per cent down at Rs 159.2 on Monday at around 11:16AM (IST), while the benchmark BSE Sensex declined 503.53 points to 72160.94. As many as 173,173 shares changed hands on the counter with a total value of Rs 2.75 crore.

“Shark Tank” investor Mark Cuban advocated for the Commodities and Futures Trading Commission (CFTC) to oversee all cryptocurrencies. He was responding to Republican presidential candidate Donald Trump’s crypto endorsement on social media, urging the US to stop hindering its development.

Read the full story here.)Sensex Today Live : Indian benchmark indices were expected to open on a muted to positive note, tracking subdued trading among Asian peers, which were weighed down by the weak economic data in China.At 8:06 am, Gift Nifty futures were trading at 22,107, marginally ahead of Nifty 50's Friday close of 22,055, reiterating the liklihood of a muted to positive opening for Indian marketsA rally in global equity markets lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing U.S. economic growth.European shares posted their biggest weekly gain since late January, with the pan-regional STOXX 600 index rising for a sixth straight session, while the FTSE 100 in London hit yet another record high.The Dow industrials index registered its eighth daily advance as the three major Wall Street indexes posted weekly gains but the Nasdaq closed marginally lower on the day.Strong performance on both sides of the Atlantic, along with gains overnight in Tokyo and elsewhere in Asia, pushed MSCI's all-country world index within 0.2% of a record closing high.U.S.