Trade Financial News

FX derivatives market, a playground for speculative bets on the rupee, now faces a regulatory reckoning. The central bank's crackdown, demanding underlying exposure for all trades, has sent shock waves through the market. This disconnect between the regulator's intent and market understanding exposed potential gaps in India's regulatory framework, raising concerns for investors and jeopardizing the country's image as a stable investment destination, according to a report by Reuters.

PVR INOX unveiled a 14-screen megaplex in Bengaluru, featuring three high-end formats: MX4D, ScreenX, and Insignia. The newly opened cinema at Phoenix Mall of Asia in Bengaluru can accommodate up to 1,997 viewers and is equipped with 4K laser projection, Dolby Atmos advanced surround sound, and a Volfoni 3D screen.The multiplex chain has introduced South India's first MX4D, an immersive 4D movie experience, and ScreenX, a 270-degree cinema viewing experience.

Day trading stocks to buy today: On account of strong global market sentiments despite the global rating agency Fitch downgrading its outlook for China, the Indian stock market ended higher on Wednesday. Two out of three benchmark indices — the Nifty 50 and the Bank Nifty — climbed to a new peak of 22,775 and 49,057 respectively. The Nifty 50 index had the highest-ever closing of 22,753 as well.

derivatives thrived in India for over a decade, fueled by retail investors and proprietary traders. Then the central bank broke up the party. Until recently, traders were betting freely on the rupee’s rise and fall without holding underlying assets. A rule that allowed transactions of up to $100 million without providing proof of an actual foreign-currency exposure had been interpreted by them as tacit acceptance of speculative trade by the authorities.

Bharti Hexacom IPO: The listing date of the initial public offering (IPO) of Bharti Hexacom Limited has been fixed on 12th April 2024 i.e. today. The mainboard IPO will list on BSE and NSE in the ‘B’ group of securities, the BSE notice says.

Following a slow day of news that saw Bitcoin (BTC) trade in rangebound fashion in the $70,000-71,000 area, traders are turning to the altcoins markets as they hunt for the best crypto to buy now that could deliver quick gains.

On a boring day in the blue-chip cryptocurrency markets where Bitcoin (BTC) went sideways in the $70,000-$71,000 area and Ether (ETH) was rangebound in the $3,500 area, traders instead turned to the highly volatile and illiquid micro-cap on-chain markets to hunt for top crypto gainers today.

Sensex surged 354.45 points to close at 75,038.15, while the Nifty 50 settled 111.05 points, or 0.49%, higher at 22,753.80. Nifty 50 formed a small positive candle on the daily chart with minor upper and lower shadow. “Technically, this pattern indicates a formation of high wave type candle pattern.

Sensex surged 354.45 points, or 0.47%, to close at 75,038.15, while the Nifty 50 settled 111.05 points, or 0.49%, higher at 22,753.80. “We expect the ongoing up-move to continue in the market. The broader market too is likely to continue its outperformance along with stock-specific action on the back of strong domestic flows and healthy business updates.

Sensex climbed 354 points to close above the record 75,000 mark for the first time while broader Nifty scaled a fresh lifetime high on Wednesday. Stocks that were in focus included names like Canara Bank, which jumped nearly 0.62%, Paytm, which fell 1.16%, and PB Fintech, whose shares rose 3.22% on Wednesday.

Canada has recently decreased the number of Indian staff members in its diplomatic missions across India due to a shortage of Canadian personnel necessary for the effective management of in-country operations. This move comes in response to India's expulsion of 41 Canadian diplomats last year, which aimed to achieve parity in diplomatic presence. Consequently, Canada had ceased in-person operations at its consulates in Mumbai, Chandigarh, and Bengaluru. While the exact number of retrenched employees remains undisclosed, it is understood to be less than 100. Confirming the staff reductions, a media relations official at the high commission expressed regret over the necessity of this decision, citing the departure of Canadian staff last year. «We wish to extend our sincere gratitude to our local staff in India for their resilience, dedication, and service. Canada remains committed to providing essential services to Canadians in India, including consular support and facilitating trade and business development, to uphold the longstanding ties between our two nations,» stated the official, noting that Canada's visa application centers in India continue to operate normally.

yen after the currency slumped to its weakest level against the dollar since 1990. Following weeks of flirting with the closely watched 152 level versus the greenback, the yen blew straight through this mark on Wednesday and all the way to 153 as US inflation data reverberated through global markets.

The anemic start to the year for sales of nontraded real estate investment trusts is yet another indication of the tough market for commercial real estate investors, which is leading some market participants to expect a reduction in the value of some REITs, particularly the popular net asset value or NAV products.

Despite $170 million in trading volumes coming in on Thursday, the Floki (FLOKI) price has declined 3% to below $0.00020, with some concerned that the meme coin could soon experience a deeper pullback.

The fully audited CasinoFi platform Insanity Bets is turning casino gamers into the house by offering multiple avenues to earn a passive income on the platform.

Union officials say steelworkers at Britain’s largest steel production plant have voted to go on strike for the first time in 40 years

Four railroads have asked federal appeals courts to throw out a new rule that would require two-person train crews in most circumstances

Stocks that are trading heavily or have substantial price changes on Thursday: Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise

U.S. stocks are drifting, a day after tumbling on worries that interest rates may stay high for a while

MUMBAI : Rich and retail investors have turned bearish on index futures, the first time in nearly three months, indicating stocks trading at record levels may be close to a peak for now as tensions rise in West Asia. On Wednesday, when the Nifty kissed a fresh high of 22775.70 points, retail and high networth individual investors (HNIs) initiated cumulative bearish bets on these index futures contracts, showed data from NSE, which groups both under the 'Client' category. The category turned cumulative net sellers of 16,088 Nifty and Bank Nifty futures contracts, marking a shift 84 days after remaining net buyers of these contracts.

In a statement, the commerce and industry ministry said that discussions happened across chapters such as trade in goods, services, movement of natural persons, trade remedies and dispute settlement and cooperation. “The discussions involved understanding priorities and concerns of each other and ensuring that the negotiations are rooted in mutual respect and benefit…Detailed discussions were held on the aspirations and sensitivities between both parties,” the ministry said.