Trade Financial News

Motilal Oswal Financial Services anticipate a slowdown in commercial vehicle (CV) growth up until the first half of FY25, primarily attributed to reduced industrial activity preceding elections. However, they forecast a resurgence in demand during the second half of FY25.

demat accounts of the successful bidders on May 13 and issue refunds on the same day to those whose bids have been rejected. Winsol Engineers IPO allotment status check can be done online through the official website of NSE or the portal of IPO registrar. Kfin Technologies is the Winsol Engineers IPO registrar.

Demat accounts by today, May 10, or tomorrow, May 11. The company will refund the application money to the investors whose bids were rejected. The refunds will also be made by today or tomorrow Investors can check Indegene IPO allotment status online through the official website of BSE or the portal of IPO registrar.

Jupiter Wagons share price: Shares of Jupiter Wagons continued witnessing buying interest for the fourth consecutive session on Friday, May 10, as they surged almost 13 per cent to hit their fresh all-time high of ₹474.40 in intraday trade on BSE. Jupiter Wagons share price opened at ₹430.50 against its previous close of ₹420.65 and rose 12.8 per cent to the record high level of ₹474.40.

Compared to Q1 2023, GDP has increased by 0.2% in the same period this year, according to ONS data published today (10 May). UK inflation falls less than expected over March to 3.2% Both services and the production sector grew over the three-month period by 0.7% and 0.8%, respectively, while the construction sector fell by 0.9%. The period also saw increases in the volume of net trade, household and government spending, although this was partly offset by falls in gross capital formation, the ONS noted. According to Hetal Mehta, head of economic research at St James's Place, this...

Tata Motors share price having more than doubled in last one year remains in focus ahead of Q4 results today. Tata Motors share price is also trading near the 52-week highs.

Also Read Akshaya Tritiya 2024: Gold price rises ₹40,000 in five years. Experts see up to ₹85K peak next year As per the recent media reports, a lower voter turnout so far in India's general election has raised questions about whether the ruling Bharatiya Janata Party (BJP) and its allies can achieve the landslide victory predicted by opinion polls just a month ago. Meanwhile, the sharp rally in 2023, which continued during the first quarter of CY24, has led to stretched valuations for the market, prompting investors to secure profits.

Bharat Electronics Ltd. traded 0.68 per cent higher in Friday's session at 12:43PM (IST). The stock opened at Rs 227.5 and has touched an intraday high and low of Rs 228.5 and Rs 223.15, respectively, during the session so far. The stock quoted a 52-week high of Rs 241.5 and a 52-week low of 105.75. About 1,192,559 shares changed hands on the counter so far.

Indian Oil Corporation Ltd. traded at Rs 158.25 on BSE at 12:32PM (IST) on Friday, up 0.98 per cent from previous close. The scrip quoted a 52-week low price of Rs 83.35 and a high of Rs 196.8.

Chakri Lokapriya, Managing Partner, RSB LLP, says if you look at the bearing companies, this quarter, they are all reporting like 30-40% revenue growth, 30-40% EPS growth and trading at about 25-30 times. So, this as a segment will continue the earnings growth and stock performance for the next two-three years easily.” Coming to the FMCG space, given that we have seen these stocks will be in the spotlight on the back of the earnings, a lot of brokerages are talking about how the companies are losing the growth fervour and that there is a little bit of competition when it comes to pricing, the path to the consumer, etc. Are you worried about the long-term track record? Chakri Lokapriya: Marico's results showed that their volumes grew in line, slightly better than expectations.

Nikkei share average rebounded on Friday, buoyed by positive earnings and Wall Street gains overnight, although profit-taking capped further advances. The Nikkei closed 0.41% higher at 38,229.11 after rising more than 1% early in trading.

BPCL jumped 5% to Rs 621.8 in Friday's trade on BSE despite the firm posted a 35% drop in its standalone net profit at Rs 4,224 crore in the quarter ended March 2024, compared with Rs 6,478 crore in the last-year period. Meanwhile, its revenue from operations during the March quarter fell marginally to Rs 1.32 lakh crore as against Rs 1.33 lakh crore posted in the same quarter of the previous fiscal.

Bharat Forge Ltd. traded 0.28 per cent higher in Friday's session at 11:21AM (IST). The stock opened at Rs 1421.65 and has touched an intraday high and low of Rs 1437.05 and Rs 1413.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 1463.3 and a 52-week low of 753.1. About 28,289 shares changed hands on the counter so far.

Ahead of India’s inclusion in the JP Morgan GBI-EM Global Index Suite, the majority of the clients of the index have their accounts set up to trade in Indian government bonds, with any “teething issues” related to operational readiness rather than barriers to entering the local market, Gloria Kim, Managing Director, Global Head of Index Research & Co-Head of Global ESG Research, J.P. Morgan, said to ET. Edited excerpts: Ahead of India’s June 28 inclusion in the GBI-EM Global Index Suite, how have operational metrics evolved in the country’s bond markets? Are global clients prepared for the process? Gloria Kim: Based on the annual Index Governance Consultation process, market feedback so far has been largely positive. Majority of our clients already have their accounts set-up to trade in the IGB market. Moreover, we see positive market momentum as there are now several India-focused Bond ETFs and UCITs funds offering intra-day liquidity. As always, there are still teething issues when entering a new market, however we have found these to be related to mostly operational readiness and flexibility of counterparties and custodians rather than barriers to entry.

Gold price, which is trading at Rs 71,502 for 10 grams of gold with 999 purity, has witnessed a remarkable rise in the last one year; it has grown by around 18% from Rs 60,616 on previous Akshaya Tritiya (which was on April 22, 2023), according to the India Bullion and Jewellers Association. If we take a 5-year period, then gold has risen 2.25 times since the Akshay Tritiya day of May 7, 2019, when the price was Rs 31,729. This year, Akshaya Tritiya falls on May 10. However, gold price recently fell to Rs 71,502, after crossing the Rs 73,000 mark. It has raised concerns among investors whether the price would fall further. So, is this Akshaya Tritiya the right time to invest in gold?

Madhya Bharat Agro Products Ltd.(up 2.35%), Bohra Industries Ltd.(up 1.91%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.82%), Chambal Fertilisers & Chemicals Ltd.(up 1.46%), Zuari Agro Chemicals Ltd.(up 1.42%), Mangalore Chemicals & Fertilizers Ltd.(up 1.37%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 1.31%), Krishana Phoschem Ltd.(up 1.20%), Agro Phos India Ltd.(up 1.09%) and Aries Agro Ltd.(up 1.04%) were among the top gainers.

On the BSE, Intellect Design(down 12.71 per cent), Mahaan Foods(down 11.54 per cent), Mitshi India (down 10.00 per cent), Vrundavan Plantation(down 10.00 per cent) and Ramgopal Poly(down 9.80 per cent) were among the stocks that plunged over 5 per cent during the session.

Domestic benchmark index NSE Nifty gained 71.6 points to 22029.1, while the BSE Sensex traded 149.78 points up at 72553.95.

Simbhaoli Sugars Ltd.(up 1.70%), Magadh Sugar & Energy Ltd.(up 1.28%), Rajshree Sugars & Chemicals Ltd.(up 1.15%), Mawana Sugars Ltd.(up 1.10%), Avadh Sugar & Energy Ltd.(up 0.98%), Dhampur Sugar Mills Ltd.(up 0.98%), KM Sugar Mills Ltd.(up 0.96%), Bajaj Hindusthan Sugar Ltd.(up 0.95%), Kothari Sugars & Chemicals Ltd.(up 0.87%) and DCM Shriram Industries Ltd.(up 0.77%) were among the top gainers.

20 Microns Ltd.(up 2.11%), MOIL Ltd.(up 1.92%), Coal India Ltd.(up 1.19%), The Orissa Minerals Development Company Ltd.(up 1.15%), Gujarat Mineral Development Corporation Ltd.(up 0.82%), NMDC Ltd.(up 0.70%), Ashapura Minechem Ltd.(up 0.59%) and Sandur Manganese & Iron Ores Ltd.(up 0.45%) were among the top gainers.

Gujarat State Petronet with a target price of Rs 350. The current market price of Gujarat State Petronet is Rs 290.15. Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 16429.84 Crore) operating in Gas & Petroleum sector.