Trade Financial News

In the dynamic realm of the stock market, transactions occur continuously as investors engage in buying and selling securities. However, amidst this bustling activity, one crucial aspect that investors consistently emphasise on and discuss is the concept of the holding period.

Trent share price: Trent shares jumped over 6 per cent to hit its fresh all-time high of ₹4,628.85 in morning trade on BSE on Tuesday, April 30, a day after the company reported its March quarter (Q4) results. Trent shares opened at ₹4,450.25 against its previous close of ₹4,351.45 and rose as much as 6.4 per cent to hit its fresh record high of ₹4,628.85 on BSE. Around 9:30 am, Trent shares traded 5.33 per cent higher at ₹4,583.30.

South Korean crypto holders were warned to declare their overseas crypto exchange holdings – or face a potential “tax bombshell.”

Russian lawmakers are poised to legalize the nation’s burgeoning industrial crypto mining sector, but could impose strict limits on home-based “private” miners.

Scorpion Casino, a revolutionary GambleFi project, has made its debut on major exchanges following a successful $10 million presale. This highly anticipated event has garnered significant attention, as Scorpion Casino aims to disrupt the online gambling industry by leveraging blockchain technology and its native token, $SCORP.

Day trading guide for today: The Sensex and the Nifty 50, key indices of the Indian stock market, concluded the trading session with notable advances, on April 29. The Sensex commenced trading at 73,982.75, surpassing its previous closing figure of 73,730.16, and reached an intraday peak of 74,721.15, marking an increase of 991 points, or 1.34 percent.

Also Read: Stock market today: Sensex, Nifty 50 jump 1% each; mid, smallcaps hit record highs; investors earn about ₹3 lakh crore The positive US tech quarter profits and the decline in the US 10-year yield helped the Indian benchmark indices to recover, according to Vinod Nair, Head of Research at Geojit Financial Services. Due in large part to its impressive fourth-quarter performance, the Bank Nifty excelled domestically. It is anticipated that consistent profits along with a reduction in Middle East tensions would keep the market optimistic.

Sensex surged 941.12 points, or 1.28%, to close at 74,671.28, while the Nifty 50 settled 223.45 points, or 1%, higher at 22,643.40. Nifty 50 formed a long bull candle on the daily chart, beside the long negative candle of Friday. Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, rally in Tesla shares to China PMI “Technically, this pattern indicates a counterattack of bulls and a negation of previous bearish pattern of dark cloud cover of Friday.

F&O ban list: A total of two stocks have been banned for trade on Tuesday, April 30, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

The Supreme Court has rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads

Nepal is hosting an investment summit, hoping to attract much-needed foreign investment

Stocks that traded heavily or had substantial price changes on Monday: Tesla, Domino’s Pizza rise; AMC Entertainment, SoFi Technologies fall

The value of Japan’s currency has tumbled so much that for a moment on Monday it took 160 yen to equal $1

A suspected missile attack by Yemen’s Houthi rebels targeted a ship in the Red Sea, the latest assault in their campaign against international shipping in the crucial maritime route

capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank's Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions. Banks have requested the Reserve Bank of India (RBI) to consider excluding Nostro accounts from the exposures that are permitted under the LEF as sporadic instances of foreign flows that are meant for payouts over the next couple of days have resulted in breaches of the central bank's exposure norms, sources aware of the developments told ET. A Nostro account is one that a bank holds with an overseas lender which is denominated in the currency of that country. Such accounts help banks in enabling fund flows for international trade.

A new Fidelity Investments study reveals that wealth management firms with a strong technological orientation see significantly better growth, improved client experiences, and enhanced advisor satisfaction compared to their less digital-focused counterparts.

Dematerialisation is the process by which a trader or investor converts physical share certificates into electronic shares. Physical shares can be dematerialised if they have the company's name and face value on them. To verify the physical share certificate, visit bseindia.com and enter the company name or ISIN.

Oil settles higher on Middle East supply woes, US inflation data limits gains; Brent at $89/bbl “Optimism prevailed from the start of the trading session as cooling of US bond yields and letdown in middle-east conflict coupled with a drop in crude oil prices generated a lot of enthusiasm amongst the investors. With the polling season on, the market is hoping for a clear mandate in favour of the ruling party. The two-day Fed's monetary policy meeting starting Tuesday will be closely watched by global investors, although markets doesn't expect any change in the policy outcome," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

The Bank of Canada‘s upcoming interest rates decision just got more complicated after United States economic data out this week showed growth slowed while inflation remained elevated.

Solana (SOL/USD) has experienced a notable setback, dropping 5% overnight to trade at $135. Holding the fifth position on CoinMarketCap with a market capitalization of $60.41 billion, Solana’s downturn highlights the volatility inherent in the cryptocurrency market.

Sectoraly, buying was seen in utilities, public sector and banks while realty stocks saw selling pressure.