Trade Financial News

European Union leaders debated at a summit in Brussels a new “European Competitiveness Deal” aimed at helping the 27-nation bloc close the gap with Chinese and American rivals

Asian stocks have tumbled, with Japan’s Nikkei slumping 3.5% on heavy selling of semiconductor-related shares and other market heavyweights

Stocks that traded heavily or had substantial price changes on Thursday: Ally Financial, CSX rise; Equifax, Synovus Financial fall

It's a full agenda for Ajay Banga as he nears the end of his first year as World Bank president

Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers

Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, started Friday's trading day lower tracking their Asian counterparts due to concerns over a possible escalation in geopolitical tensions in the Middle East. Information technology (IT) stocks were also adversely affected by Infosys' post-earnings decline. The Nifty 50 fell by 183.55 points, begin trading at 21,812.30, while the Sensex fell by 591.21 points, kicking off at 71,898.32.

Cipla, and ICICI Bank, were the top gainers, while BPCL, HDFC Life, Bajaj Auto, Infosys, and Larsen & Toubro, were the top drags. Sensex Today Live : Only one stock, ITC, out of the 30 on the BSE Sensex was in the green, while losses were being led by Infosys, Larsen & Toubro, NTPC, Power Grid Corp., and SBI.

Stock market today: As the Iran-Israel war continued to drag global markets, the Indian stock market finished lower for the fourth straight session on Thursday. The Nifty 50 index lost 152 points and finished at the 21,995 level. The BSE Sensex ended 454 points lower at the 72,489 level whereas the Bank Nifty index finished 415 points down at the 47,069 level.

Netflix NFLX.O blew past Wall Street expectations on new customers for the second straight quarter on Thursday but signaled the positive surprises could be over, forecasting revenue growth slightly below analyst targets.

Indian government bonds has met with a sudden trend reversal after persistently firm American economic data reduced visibility on rate cuts by the Federal Reserve, causing a surge in US bond yields and reducing the allure of emerging-market debts. Adding to the sudden reversal in foreign buying interest in bonds is the rise in crude oil prices over the past few weeks due to concerns of tighter supply and a recent flare-up in Middle East tensions. A higher trajectory for crude oil prices imparts uncertainty to the outlook on India's inflation and trade deficit.

For crypto investors looking to gain an edge in the market, joining the right Patreon groups can be a game-changer.

JSW Steel, India's largest manufacturer of the alloy, has raised $900 million from a consortium of eight foreign banks to refinance debt maturing this month and pre-pay some high-cost borrowings. The loan was priced 180 basis points above the international secured overnight financing rate (SOFR) earlier this month, multiple people aware of the details said. One basis point is a hundredth of a percentage point. Eight banks — Singapore's DBS Bank, France's BNP Paribas, UK-based HSBC and Standard Chartered, UAE's Mashreq Bank and First Abu Dhabi Bank, Japan's Sumitomo Mitsui Banking Corp (SMBC) and Taiwan's CTBC Bank — are the joint underwriters for the loan.

Los Angeles-based RIA Miracle Mile is bolstering its appeal to high-net-worth investors with a key addition to its C-suite. On Thursday, the firm announced the appointment of Matt Dmytryszyn as its chief investment officer.

As the cryptocurrency landscape buzzes with activity, the Lucky Boo Token ($BOO) is set to captivate the market with a bonus Flash Airdrop event. This surprise initiative rewards new $BOO holders with an astonishing bonus of up to +88% $BOO tokens, demonstrating its commitment to its community of early adopters.

it is cutting 10 per cent of its staff globally- around 14,000 jobs. Also Read: Elon Musk in India: From meeting PM Modi to Agra visit, check out Tesla CEO's likely plans for upcoming visit The next day, Tesla announced it would try to re-instate Musk's $56 billion pay package that was rejected by a Delaware judge in January, who said that the arrangement was dictated by Musk and was the product of negotiations with directors who were not independent of him, according to Associated Press. Tesla shares hit an all-time intraday high of $415.50 in November of 2021, adjusted for a 3-for-1 stock split that took effect in August 2022.

The bitcoin halving—in which the amount of newly issued bitcoin created roughly every ten minutes is cut in half—is expected to take place on Friday or Saturday. In the past, this event has been followed by a significant rise in the price of bitcoin, but analysts are divided over whether that will occur this time around.

Asian central banks to focus on domestic inflation and avoid tying their policy decisions too closely to anticipated moves by the U.S. Federal Reserve. Receding expectations for a near-term interest cut by the Fed have fed steady dollar gains that have pushed down some Asian currencies such as the Japanese yen and the South Korean won.

UK government has said as Indian negotiators are in London this week to continue discussions with their British counterparts. During a debate in the House of Lords this week, UK Foreign Secretary David Cameron was addressing questions from British peers on the current state of freedom of religion or belief in India. The recent restructuring of the BBC to create a new Indian-owned entity in order to comply with the country's foreign direct investment (FDI) rules was flagged by Liberal Democrat peer Lord Jeremy Purvis, who questioned the level of market access being offered to India in the field of media, data and telecoms as part of the FTA negotiations. «My understanding of where we are with the trade deal is that good market access has been offered on both sides, but not quite enough yet to secure a deal. It is important with such trade deals, as you only really get one proper shot at it, to make sure that it is a good enough deal that will be welcomed by industry leaders here in the UK as offering real market access,» said Lord Cameron.

On the BSE, Krystal Integrated(down 15.27 per cent), Lotus Chocolate(down 12.15 per cent), Reetech Internationa(down 11.24 per cent), Patidar Build(down 10.00 per cent) and Polo Queen Industria(down 10.00 per cent) stood among the top losers in today's trade.

Shares of Bank of Baroda(up 1.69 per cent), Au Small Finance Bank Ltd.(up 1.26 per cent), Punjab National Bank(up 0.78 per cent) and Federal Bank Ltd.(up 0.04 per cent) ended the day as top gainers in the pack.

Shares of Samvardhana Motherson International Ltd.(up 1.29 per cent), Bajaj Auto Ltd.(up 1.15 per cent), Bharat Forge Ltd.(up 0.48 per cent) and Sona BLW Precision Forgings Ltd.(up 0.02 per cent) ended the day as top gainers in the pack.