Trade Financial News

Uniswap Labs, the creator of the Uniswap protocol, has increased the fees charged to users for trading on its interface. 

“Governments lie; bankers lie; even auditors sometimes lie. Gold tells the truth." –William Rees Mogg At the end of the Mahabharata war, Yudhishthira, the leader of the Pandavas, is overwhelmed with guilt and grief over the massacre of his relatives. Looking to boost his flagging spirits, Lord Krishna and sage Vyasa advise him to perform the Ashvamedha Yagna—an extravagant and elaborate ceremony meant to demonstrate the suzerainty of Vedic kings.

Indian stock market: Nifty slipped lower as it experienced a consolidation breakdown in the lower timeframe. The sentiment appears somewhat negative for the short term. However, there is observed support at 22500 on a closing basis.

Nifty witnesses profit booking with fresh short built up at higher levels, declining momentum, and the deteriorating underlying trend strength. Though the overall trend remains intact on the upside, we believe it is time for some overdue price correction. The price structure of Nifty is forward an upward-sloping channel for which the range at present is 22,900 – 22,000. The prices are just a tad around its March ATH of 22,500. It would be interesting to see if its prices can sustain this level in the next one or two days and revert to upside momentum, or if we are in for further correction to lower levels of 22,240 – 22,100. The upside resistance for Nifty is at 22,900 – 22,850.

TCS share price: Q4 results 2024 beat market estimates. Is this a share to buy on Monday — April 15? “Investors are now looking to Infosys' upcoming results on April 18 to gauge the IT sector's recovery status. Technically, TCS stock is trading between 3900 and 4025, and a breakout above 4025 could drive the stock towards 4200 and 4250.

German Chancellor Olaf Scholz has arrived in China on a visit focused on the increasingly tense economic relationship between the sides and differences over Russia's invasion of Ukraine

Stocks that traded heavily or had substantial price changes on Friday: JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise

The U.S. and U.K. will begin restricting the trade of new Russian-origin metals — including aluminum, copper and nickel — on global metal exchanges and in derivatives trading

Silver prices in the domestic market are at lifetime highs amid multiple catalysts like safe-haven demand due to escalating geopolitical tensions, hopes of US interest rate cuts, speculative buying, and a sharp rally in industrial metals. Meanwhile, the performance of the benchmark London spot silver remained sluggish but hovering near three-year highs. In the key MCX futures platform, prices reached an all-time high of Rs 84,515/kg last week, gaining about 12% in the last two weeks. A similar move was witnessed in overseas platforms, but the metal was trading down by over 40% from its lifetime high of $49.51 an ounce tested in April 2011.

1) About Grill Splendour Services Grill Splendour is a chain of gourmet Bakery and Patisserie spread across Mumbai through 17 retail stores, a centralised production facility, and multiple corporate clients. Out of these 17 retail stores, 5 stores are running under the franchisee model (franchisee owned, and company-operated), and the rest 12 stores are owned by the company.

everywhere and nowhere. It is everywhere because political leaders, including Joe Biden, Narendra Modi, Emmanuel Macron and Xi Jinping, have recently adopted the term. And yet it is nowhere.

Ethena’s (ENA) DeFi activity will rise in Q2 2024. Bitcoin Cash (BCH) could soar due to the ongoing market recovery.

Iran launched attack drones and missiles against Israel in apparent retaliation for a strike in Syria that killed top Iranian military officers, taking the conflict in the region into a perilous new phase. Digital assets trade during the weekends, giving investors a window on the potential mood when traditional markets reopen on Monday — though much can change between now and the restart.

Nifty 50 ended with weekly gains of 0.4% amid significant volatility and a sell-off in bluechip stocks on Friday after concerns of greater scrutiny on investments done from Mauritius soured D-Street sentiments. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. Commenting on last week's action, Santosh Meena, Head of Research, at Swastika Investmart, said that Nifty surrendered most of its gains on Friday dragged by US inflation concerns, geopolitical tensions, and selling by Foreign Institutional Investors (FIIs).

Mukul Kochhar, Head, Institutional Equities, Investec Capital Services, says: “Recommending clients to be overweight on autos and financials and are very bullish on pharma as well. We continue to find ideas and it is possible to put money at work even in this market.” Kochhar says: “Positive both on PSU banks and private banks depending upon their story and the valuation that they are trading at.” When you are speaking with your peers on the buy side, what is the market mood? Are they finding it difficult to locate opportunities in the market or not really? Are largecaps still providing comfort? Mukul Kochhar: When you are putting capital at risk, it is always difficult. Moreover, last year was fairly solid, especially in the midcap side, with 58% gain. Largecaps also were fairly solid performers last year. So, we are coming off a very strong year and therefore a little bit of trepidation. But some sort of difficulty in putting money at work is very normal. But having said that, given the context of the strong last year, you are seeing this volatility. There is some nervousness hence.

manufacturing slump. The nascent industrial recovery is led by the world’s two biggest economies. Chinese manufacturing has made a strong start to the year, boosting the economic outlook, and US factory activity unexpectedly expanded last month for the first time since September 2022, buoyed by rising new orders and a jump in production.

domestic equity benchmarks settled flat last week as investors' hope for a June rate cut were dashed by higher-than-expected inflation in the US, compounded by positive US employment and manufacturing data. Escalating geopolitical tensions in the Middle East, alongside supply concerns, have propelled crude oil prices upward, impacting the overall market sentiment.

The cryptocurrency market is currently strengthening, with indications that the next price rally is near. Experts are looking at a new crypto token, Algotech (ALGT), that is poised to surpass top altcoins, Cardano (ADA) and Tron (TRX).

a suspected Israeli strike this month on an Iranian consular building in Syria that killed 12 people, including a senior Guard general. Iran has promised to retaliate, and U.S. President Joe Biden cut short a weekend trip to his beach house in Delaware to return to the White House and monitor the situation.

Dividend Stocks: Shares of companies such as Schaeffler India, Gujarat Toolroom, among others will trade ex-dividend in the coming week, starting from Monday, April 15. Along with these, some other firms will also trade ex-split, and ex-bonus, according to data on the BSE. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

Hindustan Copper, Aster DM Healthcare, Kolte Patil Developers, Ramco Systems were among the top smallcap gainers. Abans Holdings, Transformers & Rectifiers, Waree Renewable Tech, IIFL Finance, KEI Industries, Anand Rathi Wealth, Llyods Metals, Force Motors, Suryoday Small Finance Bank, Motilal Oswal Financial Services among other smallcap stocks logged a double-digit growth in their share prices last week. Domestic equity benchmarks traded mixed and finally settled almost flat, taking a pause after three weeks of advance.