Trade Financial News

Energy & power based mutual funds gave an average return of 23.40% in five years (April 2019-April 2024). There were around three schemes in the category that completed five years of existence. Nippon India Power & Infra Fund gave 26.35% return. Tata Resources & Energy Fund and DSP Natural Resources & New Energy Fund gave 22.87% and 20.98% returns respectively in the same time period.

Havells India Ltd. traded 1.29 per cent up in Monday's trade at 10:25AM (IST). Around 26,357 shares changed hands on the counter. The counter opened at Rs 1564.95 and touched an intraday high and low of Rs 1583.1 and Rs 1553.9, respectively, in the session so far. The stock of Havells India Ltd. quoted a 52-week high of Rs 1590.9 and a 52-week low of Rs 1158.5.

GAIL (India) Ltd. traded 3.43 per cent up at Rs 197.25 at 10:35AM (IST) on Monday, even as BSE benchmark Sensex gained 380.45 points to 74628.67. The stock had closed at Rs 190.7 in the previous session. The stock quoted a 52-week high price of Rs 197.7 and 52-week low of Rs 102.95, respectively. As per BSE data, total traded volume on the counter till 10:35AM (IST) stood at 836633 shares with a turnover of Rs 16.31 crore.

Jay Kailash Namkeen listed on the BSE SME platform with a premium of 16.43% over the issue price. The stock debuted at Rs 85, compared with an offer price of Rs 73. Ahead of the listing, the company's shares traded with a premium of Rs 15 in the unlisted market.

oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence. A recent move by Mexico to slash its crude exports is compounding a global squeeze, prompting refiners in the US — the world’s biggest oil producer — to consume more domestic barrels. American sanctions have stranded Russian cargoes at sea, with Venezuelan supply a potential next target. Houthi rebel attacks on tankers in the Red Sea have delayed crude shipments. And despite the turmoil, OPEC and its allies are sticking with their production cuts. It all adds up to a magnitude of supply disruption that has taken traders by surprise. The crunch is turbocharging an oil rally ahead of the US summer driving season, threatening to push Brent crude, the global benchmark, to $100 for the first time in almost two years. That’s amplifying the inflation concerns that are clouding US President Joe Biden’s reelection chances and complicating central banks’ rate-cut deliberations.

Avenue Supermarts Ltd. traded at Rs 4743.65 on BSE at 10:30AM (IST) on Monday, up 2.61 per cent from previous close. The scrip quoted a 52-week low price of Rs 3353.05 and a high of Rs 4746.0.

Godrej Consumer Products Ltd. gained 4.48 per cent to Rs 1263.55 in Monday's trade as of 10:10AM (IST). The stock hit a high price of Rs 1277.05 and low of Rs 1225.0 during the session.

Lexus Granito(India)Ltd.(up 4.18%), Oriental Trimex Ltd.(up 2.04%), KIOCL Ltd.(up 2.03%), Sandur Manganese & Iron Ores Ltd.(up 1.26%), NMDC Ltd.(up 0.58%), 20 Microns Ltd.(up 0.36%) and Coal India Ltd.(up 0.11%) were among the top gainers.

Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 0.68%) were among the top gainers.

₹915.00. In the past 1 day, the Mentha oil rate on MCX has decline 0.6% from ₹925.70 to ₹915.00.Mentha oil is an essential oil obtained from a mint plant and India is one of the leading producers and exporters of mentha oil. Mentha oil is used in food, pharma, soaps, and other skincare/personal care products.

Voltas share price gained 10% in the morning trades on Monday to scale 52-week highs. Voltas on Sunday announced its highest-ever sales milestone of 2 million AC units in FY 2023–2024 .

₹179.55 apiece on the BSE. The board of directors of Bandhan Bank on April 05 took on record the letter submitted by its Managing Director & Chief Executive Officer Chandra Shekhar Ghosh informing that he would retire from the services of the Bank as the MD & CEO upon completion of his current tenure on July 09, 2024. Ghosh has been serving as MD & CEO of Bandhan Bank since July 10, 2015.

Bandhan Bank, Hindustan Copper, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (Zee). While Hindustan Copper, SAIL and Zee entered the ban list last week, Bandhan Bank is the latest entrant.

Gold’s scorching run to an all-time high may seem easy to explain from a distance, given the fractious geopolitical climate and murky outlook for the global economy. The precious metal is famously seen as a “safe haven,” and the general view is that bullion prices should rise when interest rates fall — which many investors expect will happen later this year. And yet. Take a closer look, and it’s far from clear: why is gold suddenly rising right now?

Day trading stocks, 8 April 2024: Following weak global market sentiments, the Indian stock market ended flat on Friday last week. The Nifty 50 index finished marginally lower at 22,513 level, the BSE Sensex added 20 points and ended at the 74,248 mark while the Bank Nifty index shot up 432 points and ended at 48,493 level.

After declaring a crackdown on rupee derivatives traded on exchanges without underlying exposure to foreign-exchange risk, the Reserve Bank of India (RBI) extended its deadline for compliance. Circulated in January and slated to take effect from 5 April, RBI’s requirement for market position holders to affirm their need to hedge risk (and submit back-up proof above a point) has been pushed to 3 May.

Sensex inched up 20 points to settle at a fresh record of 74,248 and the broader Nifty ended with a marginal loss of 0.95 points at 22,513. Stocks that were in focus included names like CG Power, which jumped nearly 1%, JK Lakshmi, which fell 3%, and Metro Brands, whose shares declined 0.4% on Friday.

Read here: Week Ahead: Inflation data, Q4 results, crude oil prices, global cues among key market triggers this week On Friday, the domestic equity indices ended flat after the Reserve Bank of India (RBI) announced its monetary policy in line with expectations. The central bank kept the key policy repo rate unchanged at 6.5% and maintained its policy stance as ‘withdrawal of accommodation’. The Sensex rose 20.59 points, or 0.03%, to close at 74,248.22, while the Nifty 50 settled flat at 22,513.70.

Sensex rose 20.59 points to close at 74,248.22, while the Nifty 50 settled flat at 22,513.70. Nifty 50 formed a small positive candle on the daily chart with minor upper and lower shadows. “This market action signals narrow range movement in the market near new all-time highs.

XRP and Cardano (ADA) bore the brunt of the market’s volatility in the past week, declining by 7.5% and 12%, respectively. Amid these developments, experts have pinpointed Algotech (ALGT) as the top presale token, leveraging algorithmic trading strategies to maximize returns while minimizing risks.

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