Trade Financial News

₹404.1 lakh crore from nearly ₹401.4 lakh crore in the previous session, making investors richer by about ₹2.7 lakh crore in a single session. Nearly 250 stocks, including ICICI Bank, SBI, JSW Steel, Ambuja Cements, Bharat Electronics, Eicher Motors, Hindustan Aeronautics, Hindalco and Trent, hit their fresh 52-week highs in intraday trade on BSE. Experts pointed out that the Indian stock market has been rising of late as investors have shifted focus to domestic factors, such as macro numbers and corporate earnings.

Schneider Electric Infrastructure, a prominent player in the heavy electric equipment industry, has emerged as a significant wealth generator for investors over the past year. With its shares climbing from ₹175 apiece a year ago to the current level of ₹747, investors have enjoyed an impressive return of 327%. For instance, an investment of ₹one lakh in the stock a year ago would now be valued at ₹4.3 lakh, showcasing remarkable growth.

Motilal Oswal Financial Services report. “We have reduced our FY25/26 earnings estimates by ~6/9% after cuts in revenue and profitability," it added.

lithium processing, said four sources familiar with the matter, to bolster its nascent lithium mining and electric vehicle industries and avoid relying on China. India's Ministry of Mines began discussions with Australia and the United States last year, said the four sources, two from India's government and two industry participants. The Indian government and some private companies have also sought help from Bolivia, Britain, Japan, and South Korea, said the sources, who did not wish to be identified as the discussions were not public. Executives from Russia's TENEX, part of state-owned nuclear energy company Rosatom, approached the Indian government and have held at least two meetings with Indian officials this year, offering lithium processing technology and the possibility of collaborating with Indian companies, said one of the sources, a senior government official with direct knowledge of the plans.

According to a trading update published today (25 April), Schroders' total assets under management grew from £750.6bn in the final quarter of 2023 to £760.1bn at the end of March, behind the anticipated £769bn.  Jefferies analyst Tom Mills said Schroders had missed several analysts set targets despite several factions' AUM was still up on the previous quarter. Schroders CEO Peter Harrison to retire in 2025 Within the firm's asset management division, which includes private markets, solutions, mutual funds and institutional, AUM rose from £532.2bn at the end of 2023 to £534.5bn. How...

NEW DELHI : PVR Inox Ltd has rolled out an ad-free viewing feature at some of its ‘premium luxury’ cinemas for moviegoers who can’t be bothered to sit through a bunch of advertisements at the theatre. The feature will be exclusive to up-market cinemas designed as social and community experiences combining dining and lounge options.

Deutsche Bank has hired a new head of US credit trading to replace Dan Crowley, who left in February.

It’s an unfortunate secret of the trading world that accounting for profitability is rathe more of an art than a science.  Trades happen as part of portfolios, they have funding costs and collateral requirements, and recognition of the P&L is only rarely a straightforward matter of selling the position and counting the cash.  There’s always scope for “Hollywood accounting”, under which the question of whether something made a load of money or barely broke even depends on who’s asking.

Barclays is supposed to be cutting£0.7bn of costs from its investment bank, but it hasn't made much progress yet. Today's first quarter results show operating costs in the business were just £31m lower in the first quarter of 2024 than the same quarter of 2023. Only another £670m to go.  

If you're a bank wondering whether hiring new talent is a good move in a difficult market, Deutsche Bank'sfirst quarter results today should lay your fears to rest. After some voracious hiring, first quarter results in the investment bank were pretty fine.

If you’re an employment law wonk, the big news this week is that the Federal Trade Commission has decided to ban the use of non-compete agreements. In doing so, it says it will increase worker earnings by more than $488bn over the next decade.  The ban won’t affect existing agreements signed by “senior executives”, but no new non-competes are to be allowed, and any currently outstanding non-competes with employees earning less than $150k are null and void.  Unsurprisingly, employers are not pleased; lawsuits have already been filed challenging their power to do this.

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PI Industries Ltd. rose 0.17 per cent to Rs 3746.85 in Thursday's trade. It hit an intraday high of Rs 3776.05 and low of Rs 3724.0, respectively, during the day. The stock quoted a 52-week high price of Rs 4032.0 and low of Rs 3015.15.

Crompton Greaves Consumer Electricals Ltd. traded 1.02 per cent down in Thursday's trade at 01:13PM (IST). Around 49,186 shares changed hands on the counter. The stock opened at Rs 311.8 and touched an intraday high and low of Rs 312.9 and Rs 307.0, respectively, in the session so far. The stock of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 327.8 and a 52-week low of Rs 251.25.

Pidilite Industries Ltd. fell 0.83 per cent to Rs 2926.75 at 01:28PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 5,745 shares with a turnover of Rs 1.67 crore till 01:28PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 87.69, while the price-to-book value ratio stood at 16.59.

Marico Ltd. traded 0.52 per cent down at Rs 507.05 on Thursday at around 01:18PM (IST), while the benchmark BSE Sensex advanced 231.79 points to 74084.73. As many as 25,800 shares changed hands on the counter with a total value of Rs 1.3 crore.

Dividend paying stock: LKP Finance shares touching circuits is a regular phenomenon these days. This financial stock has touched circuits on all sessions this week.

financial markets, is a testament to this. In algorithmic trading, even microseconds matter. Amidst the staggering data volumes, sentiment analysis decodes market sentiments in real-time.

Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations that were lowered after a January mid-air blowout of a cabin door prompted it to slow production of its strongest-selling jets.

₹934 crore for the quarter ended March 2024, recording a rise of 27% from ₹737 crore in the year-ago period. Nestle India net profit beat analysts’ estimates of ₹858 crore.

Hero MotoCorp shares to ‘Buy’ from ‘Reduce’ earlier. The brokerage raised Hero MotoCorp share price target to ₹5,100 from ₹4,800 earlier.