Trade Financial News

Angel One raised Rs 1,500 crore through qualified institutional placement of shares, which will help in funding its growth expansion plans. The Qualified Institutional Placement (QIP) received an overwhelming response from both domestic and foreign institutional investors, the brokerage firm said. Angel One allotted 58,70,818 equity shares to qualified institutional buyers at Rs 2555.01 a share. The QIP issue opened on March 26, and closed on April 2.

With a current price of $0.173 and a nearly 4% decline in the last 24 hours, Dogecoin’s trading volume stands at $2 billion, solidifying its position at #8 on CoinMarketCap.

Read RBI Monetary Policy 2024 LIVE Updates here Under these circumstances, monetary policy must continue to be actively disinflationary to ensure anchoring of inflation expectations and fuller transmission of the past actions, he added. Economists believe that the RBI now seems to remain more confident of growth conditions than that with inflation trajectory.

Shaily Engineering Plastics, the country's leading exporter of high-precision engineered plastic products and components, has delivered substantial returns to its shareholders. The company's share price has surged from ₹226 apiece a year ago to the current trading price of ₹542, marking a remarkable gain of 140%. Since hitting its low of ₹191 in May 2023, the stock has witnessed an impressive appreciation, currently trading with a gain of 184%.

investing in real estate? Here’s the story from a book we read a while ago… Otis Booth, an American billionaire newspaper executive and investor, came to Charlie Munger when he was studying law, asking Charlie to handle the sale of some real estate assets. Considering the location that Booth was looking to part with, Munger immediately advised him to keep the property and develop it by building his own apartments. To this, Booth reverted… Charlie, if this is such a good idea, and you’re so sure it will work, why don’t you put up some of the money and join me. I won’t do it without you. What followed was Munger and Booth joining forces and investing around $100,000 to build that property.

PI Industries Ltd. rose 1.59 per cent to Rs 3877.6 in Friday's trade. It hit an intraday high of Rs 3885.0 and low of Rs 3804.5, respectively, during the day. The stock quoted a 52-week high price of Rs 4010.0 and low of Rs 2969.5.

DCM Shriram Industries Ltd.(up 3.86%), Kothari Sugars & Chemicals Ltd.(up 2.15%), Balrampur Chini Mills Ltd.(up 1.74%), Bannari Amman Sugars Ltd.(up 1.65%), Bajaj Hindusthan Sugar Ltd.(up 1.50%), Magadh Sugar & Energy Ltd.(up 1.48%), EID Parry(India)Ltd.(up 1.42%), Simbhaoli Sugars Ltd.(up 1.36%), KCP Sugar & Industries Corporation Ltd.(up 1.31%) and Dwarikesh Sugar Industries Ltd.(up 0.92%) were among the top gainers.

Indo Tech Transformers Ltd.(up 7.33%), Jaiprakash Power Ventures Ltd.(up 4.34%), Indowind Energy Ltd.(up 4.00%), Hitachi Energy India Ltd.(up 3.89%), Transformers & Rectifiers(India)Ltd.(up 2.70%), SJVN Ltd.(up 1.83%), Torrent Power Ltd.(up 1.79%), NLC India Ltd.(up 1.24%), PTC India Ltd.(up 1.15%) and GE T&D India Ltd.(up 1.12%) were among the top gainers.

Bandhan Bank Ltd. traded at Rs 199.25 on BSE at 10:50AM (IST) on Friday, up 0.58 per cent from previous close. The stock quoted a 52-week low price of Rs 173.45 and a high of Rs 272.0.

JSW Energy Ltd has decided to raise up to ₹5,000 crore from qualified institutional placement (QIP) of equity in one or more tranches at a floor price of ₹510. Assuming that the entire amount is raised at the floor price, it will lead to about 6% equity dilution. The company had the option of either raising funds in the parent company or in JSW Neo Energy, a wholly owned subsidiary having green energy generation projects.

Lexus Granito(India)Ltd.(up 11.20%), Sandur Manganese & Iron Ores Ltd.(up 2.56%), KIOCL Ltd.(up 1.51%), Pokarna Ltd.(up 1.03%), Oriental Trimex Ltd.(up 0.52%), Aro Granite Industries Ltd.(up 0.50%), NMDC Ltd.(up 0.33%) and Madhav Marbles & Granites Ltd.(up 0.23%) were among the top gainers.

United Spirits Ltd. gained 0.54 per cent to Rs 1126.95 at 10:45AM (IST) in Friday's trade. The stock has hit a high of Rs 1130.15 and low of Rs 1117.6 so far during the session. The stock had closed at Rs 1120.8 in the previous session. The counter has had a total traded volume of 5660 shares so far with a value of Rs 0.64 crore on the NSE. It traded at a price-to-earnings multiple of 64.5 and a price-to-book ratio of 9.17.

Domestic benchmark index NSE Nifty fell 20.21 points to 22494.45, while the BSE Sensex traded 62.63 points down at 74165.0.

Huawei of misleading banks about the tech company's business in Iran, among other charges, is heading toward a January 2026 trial. At a status conference on Thursday in Brooklyn, New York, Assistant US Attorney Alexander Solomon told US District Judge Ann Donnelly that «settlement discussions ended in an impasse. We believe it would be prudent to schedule a trial date.»

RBI) monetary policy decision, where the central bank is expected to maintain its key interest rate for a seventh straight meeting. The BSE Sensex was trading 267 points or 0.36% lower at 73,960. Nifty50 was trading at 22,438, down 76 points or 0.34% at around 9.21 am.

geopolitical tensions put a dent in risk sentiment, while traders were also cautious ahead of U.S. jobs data due later in the day. The threat of supply disruptions owing to a prolonged conflict in the Middle East kept Brent futures above $90 a barrel — a level not seen since last October. [O/R]

Meta Platforms has rebuffed an attempt by the U.S. Federal Trade Commission to amend a 2020 privacy settlement, noting that it had voluntarily disclosed two technical errors related to its Messenger Kids app to the agency. Meta disclosed the bugs in July 2019, the Facebook-parent said in a filing on Thursday, adding it had spent $5.5 billion on its privacy program and related privacy initiatives.

Dividend stocks: Shares of ESAB India Ltd, Visco Trade Associates Ltd, Bodhi Tree Multimedia Ltd, and AA Plus Tradelink Ltd will be in focus when the stock market opens on April 05 (Friday). The Board of Directors of the 4 companies have declared interim dividend, rights issue, and stock split for their eligible shareholders. The record date by the 4 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on April 05.

Read RBI Monetary Policy 2024 LIVE Updates here “While the upcoming policy may not see material changes in macro assessment by RBI, issues like case & timing of policy pivot/stance change, factors influencing liquidity management ahead and, of course, assessing which part of the yield curve has the maximum juice, etc would be key for markets," said Madhavi Arora, Lead Economist at Emkay Global Financial Services. Here are five key things to watch out for in RBI policy today: Analysts and economists on D-Street widely expect the RBI to keep its key repo rate unchanged at 6.50% in the April policy meeting for the seventh time in a row. The repo rate is the interest rate at which the central bank lends short-term funds to commercial banks.

Indian stock market today: A total of 3 stocks have been banned for trade on Friday, April 5, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

HDFC Bank: The bank announced a 55.4% year-on-year (YoY) increase in gross advances, reaching ₹25.08 lakh crore as of March 31, 2024. This is a significant rise from the ₹16.14 lakh crore reported as of March 31, 2023. On a sequential basis, the bank's advances grew by 1.6%, from ₹24.69 lakh crore in December 2023.