Trade Financial News

Are you a Crypto investor, always on the lookout for the next explosive altcoin? However, the market trends and predictions are too difficult for you to understand? Do not worry as we have brought the top 3 altcoins: BEFE, BRISE and CENX. 

Digital asset investment products witnessed minor outflows amounting to $126 million in the past week as investors displayed hesitancy amidst a stalled positive price momentum. 

Bitcoin  has shown resilience in comparison to the broader digital assets market, maintaining a dominance metric of 55.3%, the highest level since April 2021. 

Nifty on Monday fell 247 points to form a Shooting Star candle on the daily chart and violated the crucial support of 20-day EMA placed at 22,370. The larger degree positive chart pattern like higher tops and bottoms is intact on the weekly chart and present weakness could be in line with the formation of a new higher bottom of the pattern. Still, there is no confirmation of any higher bottom reversal yet at the lows.

What impact the Israel-Iran war can have on your investment portfolio. Time and again, it has been observed that geopolitical tensions have far-reaching impacts on various asset classes, including equity, currency, crude oil and various other commodity prices. Amid heightened geopolitical risks, people usually realign their portfolios and often turn to perceived safe-haven assets.

The Indian equity indices on Monday continued Friday’s negative spell on the back of geopolitical tension coming out of West Asia. Sensex dipped 845 points or 1.14% to close the day’s trading at 73,399.78. The Nifty 50 closed 246.90 points or 1.10% lower at 22,272.50. The losers included Shriram Finance, Bajaj Finserv, Wipro, ICICI Bank, and Larsen & Toubro. The Indian Volatility Index (India VIX) closed 8.07% higher. 

Benchmark NSE Nifty closed 246.91 points down at 22272.5 amid selling in frontline bluechip counters.

Red Sea crisis and high freight rates, said EEPC India Chairman Arun Kumar Garodia. Engineering exports in FY24 rose to US$ 109.31 billion from US$ 107.04 billion in the previous financial year thus registering a growth of 2.13%. The FY24 closed on a strong note with engineering exports rising 10.66% year-on-year to US$ 11.28 billion in March this year as against US$ 10.19 billion in the same month last year.

Aditya Arora, Adlytick, says: “There was a buy on ONGC today by certain brokerage houses and the dynamics of crude oil and oil space is changing very dynamically given the geopolitical tension. ONGC is a great buy at Rs 280, stop loss must be Rs 265, and target would be Rs 295-320. The second one is Thermax. The capital infrastructure is pretty good and these stocks are also displaying that kind of a strength. The trend of Thermax is pretty positive. One must maintain a bullish outlook on this stock and one should turn bearish only if levels of Rs 4400 are breached.” Jewellery retailer Senco is glittering away in trade. In the jewellery retail pack, what is looking attractive to you on the charts and technicals? Would you go for something like Senco Gold or AVJ Jewellers in terms of recent listing or would you stick to Titan or Kalyan Jewellers? Aditya Arora: Senco Gold looks absolutely good since the listing at about Rs 350 odd levels. The stock has scaled new highs of Rs 960. It is fantastic, the patterns are very good and it is outperforming markets by a very wide margin. Whether you talk about indices like Nifty, Bank Nifty or whether you compare it to other peers like Titan, it is doing pretty well. I think good institutional interest is present as I can see on the charts. So one can go with Senco Gold itself and one can buy at Rs 936.80, stop loss must be Rs 840 and target would be Rs 1000-1100. The the view is overall bullish and it could be accumulated in all dips.

Mutual funds added a whopping 19.71 crore shares of ITC to their portfolios in March — a 16.1% month-on-month jump from the number of shares they held at the end of the previous month. According to a Motilal Oswal note, mutual funds together owned 140.91 crore shares of ITC at the end of March.

Tesla will lay off more than 10% of its workforce, tech publication Electrek reported on Monday, citing an internal memo. The world's largest auto-maker by market value had 140,473 employees globally as of December, according to its latest annual report.

Stock market today: Despite stock market crash for the second day in a row, the Indian stock market, Ambuja Cements share price is trading flat during Monday deals. The Adani group company share witnessed some selling pressure in the early morning session, but despite the stock market crash today, Ambuja Cements share price bounced back strongly from its intraday low of ₹593.45 apiece on NSE and touched an intraday high of ₹615.60 per share level, logging around 4 percent jump from its intraday low in the stock market today.

Senco Gold, one of the leading pan-India jewelry retailers in India, surged by 19.52% to reach a new all-time high of ₹958 per share during today's trading session. This significant uptick in investor interest follows the release of the company's business update for Q4FY24.

Anand Rathi Wealth, one of the leading non-bank wealth solutions firms in India, have jumped 4.5% to hit an all-time high of ₹4,189.85 apiece in today's intraday trade as investors reacted positively to the company's Q4FY24 earnings. Looking back, the shares have delivered phenomenal returns to their shareholders in a very short period of time, as they hit record highs with each passing month. The company's shares, which were trading at ₹933 apiece in July 2023, have skyrocketed to the current level of ₹4,127 apiece, delivering a whopping return of 342% in just 9 months.

MUMBAI : Gazing down at Bengaluru from the top of the iconic Cafe Coffee Day building, known as the Square, one can sense the emerging power in India’s real estate market. Owned by Strata, the country's largest fractional real estate platform, the building symbolizes a major shift in property investments. Propelled by the concept of fractional ownership, Strata has rapidly grown to a formidable ₹1,800 crore in assets under management in just four years.

Also Read: Gold rate today: Israel-Iran war continues to fuel gold prices Amidst an overall market downturn, the Nifty Metal index has emerged as a standout performer, representing the only sectoral index trading in positive territory today. At the start of the session, the Nifty Metal index experienced a decline of 2.3%, reaching an intraday low of 8,744 points. However, within the subsequent hours of trading, the index rebounded sharply, currently showing a gain of 0.95% at 9,041 points.

₹51.90 lakhs as of today. As of Monday's session, the market capitalisation stands at ₹3,603.94 crore as per BSE data.

5 biggest concerns around Iran-Israel tensions that could impact Indian stock market Experts are of the view that the market may remain volatile in the short term and one should focus on buying only quality stocks at this juncture Based on the recommendations of several experts, below are eight stocks that one can consider buying for the next three to four weeks. Take a look: Following its double top formation near the ₹4,900-4,800 zone, Navin Fluorine International has experienced a significant downturn, shedding nearly 2,000 points, equivalent to a substantial 41 per cent decrease in price. However, in the last five to six trading sessions, it has found support near the ₹3,000 mark.

InterGlobe Aviation Ltd. slipped 1.29 per cent to Rs 3642.1 in Monday's trade as of 02:00PM (IST). The stock hit a high price of Rs 3693.0 and low of Rs 3553.0 during the session. The return on equity (ROE) for the stock stood at 0.0 per cent. Traded volume on the counter stood at 02:00PM shares and turnover at Rs 11.19 crore around that time. The stock of InterGlobe Aviation Ltd. quoted a 52-week high price of Rs 3849.45 and 52-week low prices of Rs 1874.0, respectively.

Max Healthcare Institute Ltd. traded 3.3 per cent down at Rs 840.75 on Monday at around 01:55PM (IST), while the benchmark BSE Sensex declined 608.04 points to 73636.86. As many as 34,094 shares changed hands on the counter with a total value of Rs 2.87 crore.

Pidilite Industries Ltd. traded 2.34 per cent lower in Monday's session at 01:39PM (IST). The stock opened at Rs 2925.6 and has touched an intraday high and low of Rs 2949.8 and Rs 2903.85, respectively, during the session so far. The stock quoted a 52-week high of Rs 3073.2 and a 52-week low of 2293.1. About 5,202 shares changed hands on the counter so far.