Trade Financial News

Exodus Movement, a prominent crypto wallet company, has announced a delay in its planned listing on NYSE American, the sibling market of the New York Stock Exchange.

NEW DELHI : The Export-Import Bank of India has predicted that India's total merchandise exports will reach $116.7 billion in the ongoing first financial quarter, growing 12.3% year-on-year on strong economic fundamentals and sustained manufacturing and services activity. The Exim Bank also projected non-oil exports to grow by 10.7% to reach $93.9 billion in the first quarter. Exim Bank's report underscored that an anticipated global easing of monetary tightening is expected to enhance global demand, which would provide further support to India's export growth.

₹3,725 each. Today, they are trading at ₹9,084, marking an impressive gain of 144%. What's particularly notable is the stock's consistent positive performance, with 10 out of the last 12 months ending with gains, including a substantial 38% increase in April.

Indian Hotels Company, Central Depository Services (India) Ltd (CDSL) , Welspun Enterprises , Sterling and Wilson Renewable Energy (SWSOLAR) are the four stock picks by Yes Securities for the month of May'2024. Central Depository Services (India) Ltd (CDSL).

₹511.60 apiece during today's trading session, as investors reacted negatively to the company's performance in the March quarter. The decline in the stock price today has pushed it to trade near its lowest point in the past two months.

Marico and Dabur have jumped over 10 per cent each over the last month, while shares of Godrej Consumer Products, Britannia Industries, United Breweries and United Spirits have jumped 5-4 per cent since last month. After three consecutive sessions of gains, the Nifty FMCG index fell over a per cent in the morning trade on Thursday, May 9, on account of profit booking amid prevailing concerns over higher interest rates, sticky inflation and caution ahead of the general election outcome. Experts remain optimistic about the FMCG space as they pin hopes on revival of rural demand.

to below $4 billion in the last six to eight months, two people aware of the matter said. The spending from the account covered payments for Indian imports, purchase of securities, and other acquisitions, including defense equipment and armaments, the persons said said. "It is difficult to say the exact amount in the Vostro accounts since some transactions are very complex.

Piramal Enterprises, a prominent diversified non-banking financial company (NBFC), experienced a 6.15% decline in its shares during today's intraday trade, reaching ₹839 apiece. This drop followed the company's release of its Q4 FY24 and full fiscal FY24 financial figures. The decline witnessed today has resulted in the stock losing 10.4% of its value over the course of this week.

Also Read: Breakout stocks today: Sumeet Bagadia recommends five stocks to buy today The brokerage firm also expects the momentum in India’s defence exports to continue averaging to ₹300 billion annually over FY24-32F. Nomura has initiated coverage on HAL shares and BEL shares with a ‘Buy’ rating and expects an upside potential of up to 23% - 30%. Nomura initiates coverage on the stock with a ‘Buy’ rating and HAL share price target of ₹4,750 apiece, valuing HAL shares at 38x FY26 earnings.

₹15,863 crores this month, is a significant current trend in the market. Despite their continued buying, DIIs are not as aggressive as they previously were because of some uncertainty over the election results. It's critical to recognise that, in addition to the high US bond yields there is now another driver driving FII selling.

Hero MotoCorp share price: Shrugging off weak market sentiment, shares of Hero MotoCorp continued witnessing strong traction for the second consecutive session on Thursday, May 9, buoyed by the company's healthy March quarter (Q4) result. Hero MotoCorp share price opened at ₹4631.90 against its previous close of ₹4624.35 and soon rose 6.4 per cent to the level of ₹4,919.85 on the BSE.

gold in the last one week has been 0.0% .whereas in the last month it has been -0.86%. The cost of silver is Rs.0.0 per kg down by Rs.85100.0 per kg. Gold Price Today in Delhi is ₹73293.0/10 grams.

As the demand for more meme coins with not just moon potentials, but also some utility on the Solana blockchain intensifies, a new contender, Penguiana ($PENGU) has emerged and is causing a stir in the meme coin market.

Xi Jinping is due to meet Hungarian Prime Minister Viktor Orban on Thursday, with the war in Ukraine and infrastructure projects high on the agenda, as he makes his third stop on his first European tour in five years. Xi, who arrived in Budapest late on Wednesday, can expect a warm welcome in a country that is an important partner in trade and investment, in contrast with other EU nations that are considering diversifying from China and becoming less dependent on the world's second-largest economy.

This week European Union leaders, who are threatening tariffs on electric cars, were the latest to scold China about overcapacity. Before she met visiting President Xi Jinping, the bloc’s chief Ursula von der Leyen said she’s hoping for action in the “short term.”

SME IPO of Energy-Mission Machineries opened for subscription today and closes on May 13. The company aims to raise about Rs 41 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About Energy-Mission Machineries The company designs and manufactures CNC, NC and conventional metal forming machines which caters to the industrial sector requirement for metal fabrication solutions. Their wide spectrum of metal forming machines includes press brake machines, shearing machines, plate rolling machines, iron workers machines, hydraulic presses and busbar bending, cutting and punching machines.

IPO, Indegene has finalised the share allotment. The issue was booked nearly 70 times at close on strong interest from institutional and non-institutional investors. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website. Firstly, here's how you can know the status on BSE

The Nifty future closed positive with gains of 0.05% at 22392 levels on Wednesday. India VIX was up by 0.41% from 17.05 to 17.08 levels.

stocks are under F&O trade ban on Thursday viz. Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini, Biocon, GMR Airports and Infrastructure, Vodafone Idea, Punjab National Bank (PNB), Steel Authority of India (SAIL) and Zee Entertainment Enterprises. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Rahul Shah, VP-Equity Advisory, MOFSL, says: “My sense so far is that volatility has continued but I would start deploying or maybe we will stay invested. So far in the result season except for IT, the numbers have been so far so good. So, I do not think that there are any challenges or anything in terms of the deviation from the numbers that we were expecting. Financials have been among the top notch bets that we have been recommending, PSU banks are a preferred bet followed by private banks. One should start looking at financials.” What are you doing in this kind of correction that we have seen over the last three to four trading sessions? Are you keeping the buying list ready and buying those stocks or do you expect the sideways move to continue in the market and keep your powder dry? Rahul Shah: There are two-three factors to consider. Most important factor: volatility is in the front seat. In the last five-six sessions, the market has been very volatile and obviously we saw some correction in the last two-three days as well. So, our sense is few select pockets we have been seeing selling and especially from financials we have seen a lot of them have given up their gains in last four-five sessions and obviously PSU remains the top where we have seen a lot of selling happening.

Indian shares opened flat on Thursday following a mostly uneventful close in the previous session, as market sentiment remained subdued amid increasing volatility and selling pressure from foreign investors. The BSE Sensex was trading 41 points or 0.06% lower at 73,429. Nifty50 was trading at 22,295, down 8 points or 0.03% at around 9.20 am.