Trade Financial News

Colombia has become the latest Latin American country to announce it will break diplomatic relations with Israel over its military campaign in Gaza

Stocks that traded heavily or had substantial price changes Friday: Apple, Amgen rise; Expedia, Fortinet fall

Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, which starts in France on Monday

Indian stock market: The Nifty index is showing signs of near-term bearishness as it forms a double top pattern on the daily chart, coupled with a bearish engulfing candle. This suggests a sell-on-rise approach in the market. Confirmation of the double top pattern would require follow-up selling in the upcoming week.

Sectorally, buying was seen in metals, healthcare, and public sector while selling was seen in realty, capital goods and telecom indices which were down more than 1% each.

gold and silver trading, volatility is a constant companion, posing both opportunities and risks for investors. To shield portfolios from potential losses during turbulent times, hedging strategies play a crucial role. This article explores various hedging techniques that traders and investors can employ to protect their portfolios in the volatile Gold and Silver market.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50 plunged dramatically down on Friday, May 3, as profit taking across sectors prevented them from holding the gains seen in early trade. On Friday, the 30-share BSE Sensex closed at 73,878.15 level, down 732.96 points, or 0.98%.

Maharashtra, which are gearing up for the upcoming Lok Sabha polls. The government has set the MEP at USD 550 per tonne, which translates to approximately ₹46 per kg. Considering the export duty, the effective minimum price for shipments will be around USD 770 per tonne, or about ₹64 per kg.

Today’s Ripple price prediction is closely watched as XRP trades at $0.5283 with a 24-hour trading volume of $675 million. Despite a slight decline of 0.40%, Ripple maintains its position as the seventh-ranked cryptocurrency on CoinMarketCap, with a market capitalization of approximately $29.18 billion.

SINGAPORE—In explaining China’s recent export surge, which has alarmed business leaders and politicians in the U.S. and Europe, many have blamed the country’s lavish manufacturing subsidies and bulging industrial capacity. But there is another factor at play: China’s currency, and inflation—or its absence.

gold in the last one week has been 0.59% .whereas in the last month it has been -2.12%. The cost of silver is Rs.83500.0 per kg Gold Rate Today in Delhi is ₹73184.0/10 grams. Yesterday’s Gold Rate on 04-05-2024 was ₹73681.0/10 grams.

SICCI is to help Singapore businesses and fellow trade associations and chambers of commerce deepen their ties with India, ever since the ‘India fever’ caught on during the tenure of then Prime Minister Goh Chok Tong," Parekh elaborated. Under SICCI’s guidance, there have been numerous business missions to various Indian states, building strong relationships with major Indian business associations such as the Confederation of Indian Industries (CII), the Associated Chambers of Commerce and Industry of India (ASSOCHAM), and the Federation of Indian Chambers of Commerce and Industry (FICCI).

Also Read: US Fed to hold rates at 23-year high-mark until inflation cools, slows pace of balance sheet runoff: 5 key highlights Despite this, the Nifty 50 managed to reach a new record high of 22,794.70 before settling at 22,475.80. Sector-wise, financials, auto, and energy saw gains, but broader indices closed with slight losses, taking a pause after recent gains. The key benchmark indices maintained a flat trajectory on all days, marking the fourth consecutive week of little movement.

India will continue to flourish under the leadership of the country's incoming Prime Minister Lawrence Wong who will be sworn in on May 15, the Singapore Indian Chamber of Commerce and Industry (SICCI) has said. «As Prime Minister Lee Hsien Loong prepares to hand over (leadership of the city-state) to his successor, Deputy Prime Minister Lawrence Wong, we are confident that Singapore-India ties will continue to flourish,» said SICCI Chairman Neil Parekh on Saturday night at the centenary celebrations of the chambers. «This is all the more so since DPM Lawrence Wong co-chaired the India-Singapore Ministerial Roundtable, which has set the stage and the tone for long-term ties between our two countries,» he said at the SICCI centennial celebration gala dinner. Singapore President Tharman Shanmugaratnam was the guest of honour at the dinner attended by some 700 business and community leaders from the prosperous Asian financial centre.

Bitcoin’s price shows a robust ascent, now trading at approximately $63,200, with recent highs of $64,446. This activity is part of a wider trend that has seen the global crypto market cap increase to $2.36 trillion, up over 7% over the last day.

Dividend Stocks: Shares of several companies including Bank of Maharashtra, HCL Technologies, HDFC Bank, and several others among others will trade ex-dividend in the coming week starting from Monday, May 6. Some companies have also announced other corporate actions such as E.G.M. and rights issue.

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On Saturday morning, Bitcoin continued to command attention, with a recent price uptick to $63,375. This week, the foremost digital currency has shown resilience, registering a modest 0.22% rise. Currently positioned above a critical pivot point of $61,650, Bitcoin’s trajectory seems poised for further exploration towards $70,000.

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The last trading day of the week saw the index swinging wildly. During the week, the Nifty oscillated in a 446.65 range before closing the week on a flat note. The benchmark Index posted minor weekly gains of 55.90 points (+0.25%).

Adani Enterprises has expressed interest in developing the port of Bataan in the Philippines. This was confirmed by an official statement from the Presidential Communications Office on Friday. During a discussion with Philippine President Ferdinand R.