Trade Financial News

02.05 / 19:53

markets UPS Trade show country information Oil crawls back towards 7-week low-mark after US Fed keeps rates at 23-year high; Brent at $83/bbl

₹6,617 per barrel on the multi commodity exchange (MCX). -On Wednesday, crude oil prices fell more than three per cent to a seven-week low after the US Federal Reserve kept interest rates steady and warned of stubborn inflation, which could curtail economic growth this year and limit oil demand increases.

02.05 / 19:33

Strategy Election Trade President Celebrity stars Trump lawyer suggests hush money payment was extortion

hush money payment at the centre of his criminal trial as extortion, questioning a lawyer involved in the deal about his cash-for-dirt negotiations with other celebrities. Defense attorney Emil Bove's questioning of the lawyer Keith Davidson hinted at a strategy by Trump's legal team to undermine the credibility of prosecution witnesses in the first-ever criminal trial of a former US president. Trump stands accused of falsifying business records to hide a hush money payment to porn star Stormy Daniels shortly before the 2016 presidential election.

02.05 / 19:17

markets Blockchain Ethereum Binance CoinMarketCap Trade innovations MAGA Wormhole (W) & Ethena (ENA) both pump 12% in 24 hours, but MAGA VP ($MVP) is the one with 1100x potential

Jump Crypto launched Wormhole in 2021- a protocol that enables transfers of data and tokens between blockchains. It consists of components like Wormhole Queries, Wormhole ZK, and Wormhole Gateway, all running on the Wormhole Core Contract alongside Guardian nodes and Emitter contracts. The uses of Wormhole span across areas such as finance (DeFi), Non Fungible Tokens (NFTs), governance, and shared liquidity. The W token is pivotal in allowing chain transfers and interoperability, promoting the smooth exchange of assets and data among different blockchain networks. Currently, the price of Wormhole stands at $0.7483 after experiencing a 15% increase over the last 24 hours.

02.05 / 16:27

markets UPS Reuters Analysis Trade President Gazprom plunges to first annual loss in 20 years as trade with Europe hit

net loss of 629 billion roubles ($6.9 billion) in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with Europe, once its main sales market. The results highlight the dramatic decline of Gazprom, which since the collapse of the Soviet Union has been one of Russia's most powerful companies, often used as a leverage to solve disputes with its neighbours, such as Ukraine and Moldova.

02.05 / 16:19

markets Ethereum Provident security Trade Bitcoin recommendations ChatGPT advises investors with high risk appetite to invest in cryptos. Should you take the plunge?

high-risk investor, it promptly asks you to put your money in cryptocurrencies, among other options. Not only does it suggest investing in cryptos, but it also shares with the inquisitive user the key reason for doing so. It says that the cryptocurrency market is highly speculative and volatile, and therefore it is suitable only for the high-risk investors who are seeking substantial returns.

02.05 / 15:35

markets security Trade Experts stage track Updates Whales Are Taking Profit On Solana Meme Coins To Accumulate Utility Tokens Rollblock (RBLK) and Cosmos (ATOM)

After the recent meme coin boom, crypto whales are cashing out. Many believe that meme coins could crash following Bitcoin’s halving. As a result, they’re using their profits to accumulate utility tokens such as Cosmos and Rollblock. These utility tokens have great potential to soar in 2024. Here’s why.

02.05 / 14:07

UPS CEO Strategy Software awards Trade reports Investors may find Dennis Woodside a better chief for Freshworks

MUMBAI : When Freshworks Inc. first brought in Dennis Woodside as its president in September 2022, there were already murmurs on whether founder and chief executive Girish Mathrubootham would be stepping aside. A former CEO of Motorola Mobility and chief operating officer of Dropbox, Woodside, 55, was already a known name among Silicon Valley investors and the analyst community.

02.05 / 13:03

markets UPS Provident security Research Trade Gold climbs Rs 500; silver jumps Rs 400

capital on Thursday amid a rally in precious metal rates in the global market, according to HDFC Securities. In the previous session, it had closed at Rs 71,850 per 10 grams. Silver prices also jumped Rs 400 to Rs 83,500 per kg. It had ended at Rs 83,100 per kg in the previous trade.

02.05 / 12:57

markets UPS Apple economy Trade stage Buffett rules out ‘eye-popping’ returns. But investors aren’t listening.

Warren Buffett recently warned that Berkshire Hathaway has “no possibility of eye-popping performance." That hasn’t cooled the ardor of his fans, who could make Berkshire the only non-tech company in the U.S. worth $1 trillion. Shares of the sprawling conglomerate-—which operates businesses from insurer Geico to BNSF Railway and owns big chunks of Apple and American Express—have roared ahead of the broader market this year, even as Buffett, 93 years old, adapts to running Berkshire without the counsel of his longtime friend and partner Charlie Munger, who died in November at 99.

02.05 / 12:55

UPS ETF trends Trade show Bond mutual funds rake in $108B to snap two-year flows drought

Fixed-income mutual funds are doing something rare: Attracting new money — and besting their tax-efficient ETF brethren.

02.05 / 12:33

markets Ethereum community Trade Experts Shiba Inu innovations Features Shiba Inu Competitor Priced Below $0.02 Could Make You 10 Times Richer by the End of 2024, Reckons Altcoin Expert Who Called Ethereum’s $4800 Top

The world of cryptocurrency is known for its volatility and potential for astronomical gains. In recent times, a new contender has emerged in the form of Hump (HUMP), positioned as a competitor to the renowned Shiba Inu. With a price below $0.02, Hump has caught the attention of investors worldwide, particularly after its staggering surge of over 97x shortly after its launch. This surge not only turned early investors into millionaires but also piqued the interest of seasoned experts, such as Jihan Wu, who famously predicted Ethereum’s $4800 top in November 2021. Now, Wu is suggesting that Hump, priced at $0.009537 as of writing, could potentially make investors ten times richer by the end of 2024.

02.05 / 12:15

markets UPS WhatsApp Trade Updates Stock market update: Nifty IT index advances 0.01%

Shares of Persistent Systems Ltd.(up 1.17 per cent), Tata Consultancy Services Ltd.(up 1.12 per cent), Tech Mahindra Ltd.(up 0.27 per cent) and MphasiS Ltd.(up 0.2 per cent) ended the day as top gainers in the pack.

02.05 / 12:15

markets UPS WhatsApp Trade Updates International Stock market update: Nifty Auto index advances 1.13%

Shares of Ashok Leyland Ltd.(up 4.52 per cent), Bosch Ltd.(up 4.48 per cent), Bajaj Auto Ltd.(up 2.33 per cent), Tata Motors Ltd.(up 1.98 per cent) and Tata Motors Ltd.(up 1.59 per cent) ended the day as top gainers in the pack.

02.05 / 11:53

markets Provident Digital Software Trade reports International Digital Token Identifier to monitor crypto-derivative risk across G20

A division of Etrading Software (ETS), DTIF’s scope is broadening to provide public authorities with greater support in identifying digital asset risks globally, and to instil further transparency in the crypto derivative trading market. Until now, derivatives reporting has focused solely on traditional financial instruments.

02.05 / 10:27

markets Trade Experts Stock market today: Sensex, Nifty end with mild gains after US Fed policy; BSE Midcap hits record high

Maintaining the status quo on rates, the Fed rejected any possibility of a rate hike in the near future while also avoiding giving clear signals on rate cuts. Experts said investors should focus more on domestic fundamentals and less on the Fed's policy moves as the US central bank may keep interest rates intact for a longer period.

02.05 / 09:53

FIVE Digital Trade reports recommendations Updates International Titan Q4 results tomorrow: Net profit likely to rise 8% YoY; jewellery segment to aid revenue growth

Titan Company is expected to report revenue of ₹11,250 in Q4FY24, registering a growth of 16% from ₹9,704 in the year-ago period, according to average estimates of five brokerages. Titan Q4 net profit is estimated to rise 8.2% to ₹794 crore from ₹734 crore, year-on-year (YoY). Analysts believe there could be demand moderation in Titan’s jewelry segment in Q4FY24.

02.05 / 09:19

Target security Research wellness Trade Indus Indus Towers facing a Rs 60 cr shortfall in collections from Vodafone Idea in Q4

Indus Towers collected an extra Rs 360 crore from Vodafone Idea (Vi) towards old dues including interest, but its trade receivables increased by Rs 430 crore sequentially in the FY24 March quarter, indicating a Rs 60 crore shortfall in collections from its key client, analysts said. They added that despite part-clearance of old dues, Indus’ trade receivables have risen sequentially to Rs 6,450 crore in Q4FY24 as the actual collection of Vi’s past outstandings happened in April 2024. “The Rs 430 crore increase in Indus’ trade receivables is due to a timing difference and the amount was subsequently collected in April,” Kotak Institutional Equities said in a research note.

02.05 / 09:19

markets UPS Trade show performer rights Vishal Malkan on what to buy in consumer durable stocks now

Vishal Malkan, malkansview.com, says consumer durable and metal stocks are the flavours of the month and we are also looking at REC and PFC – the darlings of 2023 – that have started performing again. How does the trade setup look like, Nifty, Bank Nifty to start with? Vishal Malkan: The undertone of the market is very strong and we see that the Nifty is nearing the highs and Bank Nifty is trading above the all-time highs. I think the zone is set for bullish. Now, we just have to select the right stock and the right sector, I guess, which can add up to our returns. The current flavours of the month are more consumer durables and we are also looking at REC and PFC – the darlings of 2023 –that have started performing again.

02.05 / 08:39

UPS WhatsApp Trade show reports Share price of Pidilite Ind falls as Sensex gains 259.46 points

Pidilite Industries Ltd. dropped 2.05 per cent to Rs 2983.8 at 02:00PM (IST) in Thursday's trade. The stock hit a high of Rs 3116.0 and low of Rs 2965.2 so far during the session. The stock had closed at Rs 3046.55 in the previous session. The counter had a total traded volume of 02:00PM shares so far with a turnover of Rs 36.13 crore on BSE. The stock traded at a price-to-earnings multiple of 86.7 and a price-to-book ratio of 16.59.

02.05 / 08:39

markets UPS Booking Gap Trade reports DLF shares up 0.6% as Sensex rises

DLF Ltd. gained 0.6 per cent to Rs 897.4 in Thursday's session as of 01:55PM (IST) even as the equity benchmark Sensex traded 297.53 points higher at 74780.31. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 967.0 and a 52-week low of Rs 415.15 on NSE. Around 71284 shares changed hands on the counter till 01:55PM (IST).

02.05 / 08:39

UPS WhatsApp Matrix Trade information F&O stocks: Exide Industries, PNB among 5 stocks with short buildup

Coming to the buildup of fresh short positions, when the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.

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