Trade Financial News

Venezuela’s government says the country’s former oil minister has been arrested on allegations of corruption

Stocks that traded heavily or had substantial price changes on Tuesday: BlackBerry, Alkermes rise; Neogen, Tilray Brands fall

Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said. That timeline would make Hong Kong Asia's first city to offer the popular ETFs and is much faster than industry expectations of launches sometime this year.

Shree Cements Ltd. traded at Rs 25753.05 on BSE at 02:09PM (IST) on Wednesday, down 0.86 per cent from previous close. The stock quoted a 52-week low price of Rs 22601.3 and a high of Rs 30710.15.

Shilpa Rout, Derivatives Analyst, Prabhudas Lilladher, says Coal India is one of the top picks had today. The other one would be SRF which is also showing a lot of momentum. The chemical and fertiliser space is buzzing very strongly. And from here, SRF can touch Rs 2,750 to 2,800. It has already run up from the time I have been giving this recommendation. But yes, on every decline towards 2,640 also, we can buy. Let’s keep a stop loss at Rs 2,600 or just below that, maybe Rs 2,595 and look for targets towards Rs 2,800. What are you expecting in Nifty and Nifty Bank? Nifty has crossed the 22,700 mark/ Any particular level that one should watch out for as a support and a resistance for the Nifty? Shilpa Rout: We see that there is a resistance at around 22,800 and until and unless we breach on the upside from here, we might not see 22,000, 23,200 coming in very easily. However, there is a limited downside. We have a very strong support at 22,500 as well. So, any sort of dip that you get intraday or maybe a couple of days towards 22,500 should be a buying opportunity and to go long for 22,800 to 23,000 to 23,200 as well.

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₹1,510–1,490 with a stop loss of ₹1,445. The stock has gained around 5 percent in the last 1 year but has shed 3 percent in 2024 YTD, despite giving positive returns in 3 of the 4 months so far. It has been flat in April after a 10.5 percent decline in March.

It’s unusual for stockmarket indices to hit new highs on the eve of a general election, as they are doing now. Normally we would expect plenty of volatility and price corrections, with nervous traders exiting the market and sitting on the fence. But this time around the market seems to be ignoring the political situation.

Pidilite Industries Ltd. traded at Rs 3004.6 on BSE at 12:53PM (IST) on Wednesday, down 0.21 per cent. The stock quoted a 52-week low price of Rs 2293.1 and a high of Rs 3073.2. Earlier in the day, the stock saw a gap down opening.

Colgate-Palmolive (India) Ltd. gained 1.11 per cent to Rs 2649.95 at 01:03PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 2649.95 and low of Rs 2605.0 so far during the session. The stock had closed at Rs 2620.75 in the previous session. The counter has had a total traded volume of 9297 shares so far with a value of Rs 2.43 crore on the NSE. It traded at a price-to-earnings multiple of 56.6 and a price-to-book ratio of 23.88.

LTIMindtree Ltd. gained 0.23 per cent to Rs 4902.65 in Wednesday's trade. It hit a high of Rs 4908.6 and low of Rs 4875.15 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 5357.63, while the 50-DMA was at Rs 5248.18. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Marico Ltd. rose 0.38 per cent to Rs 511.6 at 12:37PM hours (IST) on Wednesday. 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 18,923 shares with a turnover of Rs 0.97 crore till 12:37PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 45.37, while the price-to-book value ratio stood at 16.29.

Havells India Ltd. traded at Rs 1508.6 on BSE at 12:48PM (IST) on Wednesday, down 0.27 per cent from previous close. The scrip quoted a 52-week low price of Rs 1158.5 and a high of Rs 1590.9.

Bitcoin’s “halving” later this month, a software code update that is being championed as a catalyst for further price increases, may already be factored in to a degree, according to the head of the largest US crypto miner. The original cryptocurrency has rallied more than 60% since the start of the year, driven by optimism over record demand for US exchange traded funds that hold the tokens directly. Bitcoin prices have tended to rise in the months after the three previous halving, which takes place every four years.

Cholamandalam Investment & Finance Company Ltd. traded at Rs 1199.0 on BSE at 12:43PM (IST) on Wednesday, down 0.9 per cent from previous close. The scrip quoted a 52-week low price of Rs 815.3 and a high of Rs 1309.75.

Varun Beverages Ltd. traded 0.36 per cent down at Rs 1429.7 at 11:57AM (IST) on Wednesday, even as BSE benchmark Sensex gained 195.24 points to 74878.94. The stock had settled at Rs 1434.9 in the previous session. The stock quoted a 52-week high price of Rs 1560.3 and 52-week low of Rs 687.5, respectively. As per BSE data, total traded volume on the counter till 11:57AM (IST) stood at 62838 shares with a turnover of Rs 9.02 crore.

Siemens Ltd. traded 0.01 per cent lower in Wednesday's session at 11:51AM (IST). The stock opened at Rs 5627.3 and has touched an intraday high and low of Rs 5627.3 and Rs 5589.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 5772.6 and a 52-week low of 3240.0. About 1,268 shares changed hands on the counter so far.

Trent Ltd. gained 1.21 per cent to Rs 3946.0 at 11:36AM (IST) in Wednesday's trade. The stock hit a high of Rs 3963.35 and low of Rs 3905.5 so far during the session. The stock had closed at Rs 3898.8 in the previous session. The counter had a total traded volume of 11:36AM shares so far with a turnover of Rs 1.89 crore on BSE. The stock traded at a price-to-earnings multiple of 166.71 and a price-to-book ratio of 18.83.

Sherman, considered to be one of the best friends of India in the US Congress, said that India and the US have seen a strengthening of the bilateral relationship during the tenure of Prime Minister Modi. However, he said that India's defence relationship with Russia is a challenge in the Indo-US relationship «He (Modi) has become the face of India, and we've seen very significant economic progress. Of course, every country has its challenges, every leader has its challenges. I don't ascribe the success of a country just to one leader. I mean, you've got 1.3 (sic) plus billion people and they're all working together to try to make India a more successful country,» Sherman told PTI in an interview on Tuesday.

PB Fintech jumped over 7% to hit a fresh 52-week high at Rs 1,400 in Wednesday's trade on BSE after the company announced a partnership with ICICI Lombard to provide insurance solutions to 1 crore customers. «The collaboration encompasses access to nearly 10 million customers with a wide range of insurance products, including motor insurance, health insurance, travel insurance, home insurance, and business insurance. The partnership entails inclusion across multiple business lines of the Policybazaar platform, policybazaar.com catering to retail audiences, PB for Business for corporates, and PB Partners for channel partners,» ICICI Lombard said in an exchange filing.

DLF Ltd. traded 0.5 per cent up at Rs 914.95 on Wednesday at around 11:21AM (IST), while the benchmark BSE Sensex advanced 184.19 points to 74867.89. As many as 27,320 shares changed hands on the counter with a total value of Rs 2.5 crore.