Trade Financial News

HDFC Bank dropped to 47.83 per cent in March 2024 quarter from 52.39 per cent in the December quarter. An American Depositary Receipt or ADR is like a special certificate issued by a US bank, and it represents the shares of a foreign company.

Avenue Supermarts, which operates the retail chain of DMart, saw its shares zoom 5.8% to hit a new one-year high of ₹4,715 apiece in today's trading before finishing the trade at ₹4,645 apiece, up 4.13%. Investor sentiment was buoyed by the company's impressive business update for the fourth quarter of FY24, which garnered positive attention from market participants. The upbeat performance of Avenue Supermart's shares has significantly boosted the notional value of stakes held by Radhakishan Damani and his family, who are the promoters of the company.

A consensus is emerging that Canada’s chronically slow economic growth and weak productivity constitute a national crisis. Bank of Canada senior deputy governor Carolyn Rogers last week called lagging productivity “an emergency,” saying “it’s time to break the glass.” With real GDP growth in the past decade the weakest since the 1930s and with real GDP languishing at 2014 levels, it’s hard to avoid that conclusion.

Gold set another record above $2,300 an ounce on the likelihood the Federal Reserve will cut interest rates this year and sustained demand from central banks.

Shares of Bandhan Bank Ltd.(up 3.92 per cent), HDFC Bank Ltd.(up 3.06 per cent), Au Small Finance Bank Ltd.(up 2.63 per cent), IDFC First Bank Ltd.(up 1.34 per cent) and Kotak Mahindra Bank Ltd.(up 1.04 per cent) ended the day as top gainers in the pack.

Bitcoin ETF in his portfolio. As per the affidavit, the three-time member of parliament Shashi Tharoor holds a Bitcoin ETF worth Rs 5,11,314.

In a stock exchange notice on Tuesday (2 April), the £664m London-listed closed-ended fund, which invests directly in Daniel Loeb's flagship hedge fund, said the tender offer would be undertaken at a discount of 2% of net asset value.  The tender offer was triggered due to the trust's average discount trading above 10% during the six-month period ended 31 March, as set out in a condition put in place by the board in April 2021.  The board said shareholders will be entitled to tender in excess of their basic entitlement of 25% of ordinary shares held, but this will only be satisfied if...

Tata Consultancy Services (TCS) to report the strongest revenue growth of +1.5% QoQ in CC terms and expect Tech Mahindra to post the weakest growth of -1.6% QoQ in CC terms. In midcaps, it expects the strongest growth of +3.7% from L&T Technology Services (LTTS). Read here: Q4 results preview: IT sector likely to report muted revenue growth with stable margins; all eyes on FY25 guidance EBIT margins across most companies is estimated to have improved sequentially with the exception of HCL Technologies, LTIMindtree and eClerx Services, which may report some decline due to salary hikes, weak seasonality and investments.

Indian stock market today: A total of 3 stocks have been banned for trade on Thursday, April 4, 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.

GE Power India, a prominent player in India's power generation equipment market, witnessed an 11.8% surge in its shares, reaching a 34-month high of ₹371 apiece in today's intraday trading session following the announcement of significant orders. This uptrend marks the stock's sixth consecutive trading session of gains, totaling a cumulative increase of 45%. In a regulatory filing on Wednesday, the company said that it secured orders from Jaiprakash Power Ventures worth ₹774.9 crore.

Investing.com-- Bitcoin price fell slightly on Thursday, seeing little relief as risk appetite remained largely frail amid uncertainty over U.S. interest rates, while signs of easing capital flows also weighed. 

Tata Elxsi Ltd. gained 1.38 per cent to Rs 8111.75 at 10:50AM (IST) in Thursday's trade. The scrip hit a high of Rs 8194.85 and low of Rs 8050.0 so far during the session. The stock had closed at Rs 8001.25 in the previous session. The counter had a total traded volume of 10:50AM shares so far with a turnover of Rs 10.85 crore on BSE. The stock traded at a price-to-earnings multiple of 63.48 and a price-to-book ratio of 17.8.

Au Small Finance Bank Ltd.(up 5.53 per cent), Bandhan Bank Ltd.(up 3.63 per cent), HDFC Bank Ltd.(up 1.9 per cent), IDFC First Bank Ltd.(up 1.6 per cent) and Kotak Mahindra Bank Ltd.(up 0.42 per cent) were among the top gainers.

United States and its Western allies are feuding with Russia over its diamond production, but they joined forces Wednesday to keep supporting the Kimberley Process, which aims to eliminate the trade in "blood diamonds" that helped fuel devastating conflicts in Africa. At a U.N. General Assembly meeting, its 193 member nations adopted a resolution by consensus recognizing that the Kimberley Process, which certifies rough diamond exports, «contributes to the prevention of conflicts fueled by diamonds» and helps the Security Council implement sanctions on the trade in conflict diamonds.

Chakri Lokapriya, Managing Partner, RSB LLP, says among T&D companies, Skipper is one of the largest companies globally and in India, they are present not just in manufacturing but also in EPC. The stock has valuations on its side. Demand has been weak for the last two years for well-known reasons. Now the cycle is picking up; Second is JTL Infra, again a bet on the manufacturing theme. They are doing capacity expansion to meet demand and valuations are on its side. These are the bets largely revolving around manufacturing and capex themes.” There are two moving parts, especially when it comes to the commodity construct. A) The rip-roaring ride that we are seeing in metals and B) the uptick in crude that the market is sort of ignoring. What do you make of the move in metals so far? Chakri Lokapriya: If you look at what is happening in metals both domestically and globally, the US data has come out stronger than expected.

On the BSE, Shanti Spintex(down 10.37 per cent), Achyut Healthcare(down 9.69 per cent), Rita Finance and Lea(down 8.04 per cent), Jayatma Industries(down 6.44 per cent) and Atharv Enterpr(down 6.08 per cent) were among the stocks that plunged over 5 per cent during the session.

Max Healthcare Institute Ltd. gained 0.04 per cent to Rs 819.0 in Thursday's session as of 10:55AM (IST) even as the equity benchmark Sensex traded 357.13 points lower at 73519.69. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 909.0 and a 52-week low of Rs 412.0 on NSE. Around 10452 shares changed hands on the counter till 10:55AM (IST).

BSE Midcap index also hit its fresh all-time high of 40,973.14, rising nearly 1 per cent. The Smallcap index also rose 1 per cent to hit its intraday high of 46,015.16. The all-time high of the BSE Smallcap index is 46821.39 which it hit on February 7 this year.

₹25.08 lakh crore as of March 31, 2024, from ₹16.14 lakh crore as of March 31, 2023. On a sequential basis, the advances of HDFC Bank, the largest private sector bank in India, grew 1.6% from ₹24.69 lakh crore in December 2023. Grossing up for transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 53.8% over March 31, 2023, and around 1.9% ( ₹472 billion) over December 31, 2023, HDFC Bank said in a BSE filing on Thursday.

₹931.50. In the past 1 day, the Mentha oil rate on MCX has decline 0.18% from ₹938.00 to ₹931.50.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.

Stock market today: On account of weak global market sentiments ahead of the US Fed chairman Jerome Powell's speech on Wednesday, the Indian stock market remained range-bound throughout the Wednesday session. Out of three frontline indices, The Nifty 50 index and the BSE Sensex ended lower whereas the Bank Nifty ended in the green territory on the previous session. However, the broad market indices continued outperforming the key benchmark indices as the small-call and the mid-cap indices gained over 0.50 percent.