Trade Financial News

Russian crypto exchange transactions amounted to almost $52 billion in 2023, the nation’s Central Bank has revealed.

Indian shares extended losses for the second consecutive session on Wednesday, mirroring a downturn in global stocks after fresh U.S. data raised worries of the Federal Reserve delaying interest rate cuts. Selling was seen across all major indices. The BSE Sensex was trading 274 points or 0.37% lower at 73,629. Nifty50 was trading at 22,367, down 86 points or 0.38% at around 9.17 am.

The Nifty future closed negative with losses of 0.11% at 22577 levels on Tuesday. India VIX was down by 3.56% from 12.08 to 11.65 levels.

SEI is taking its managed accounts solutions platform program to a new level with a host of updates.

Hindustan Copper is under the futures & options (F&O) trade ban on Wednesday The MWPL of the stock stood at 113.1% on Tuesday, with OI reported by Trendlyne at 35.6 million. It was up by 15.9% from the previous session. No stock was under the trade ban on Tuesday.

Singapore Telecommunications (Singtel), Southeast Asia's largest telecom operator, on Wednesday reiterated that there was no «impending deal» to divest its Australian telecom unit Optus. Singtel, majority-owned by Singapore sovereign investor Temasek, in March denied an AFR report that it was offloading Optus to Canada's Brookfield for up to $12 billion.

Rajat Sharma, Founder & CEO, Sana Securities, says “real estate has a very long cycle. Once they do become the flavour to be bought, then the stocks move up really sharply and that typically happens in the post-correction period of the market. Right now, I do not think any investors are going to get attracted to real estate.” The auto numbers for March were rather disappointing. What is your top bet within the auto sector – be it the two-wheeler space, passenger vehicles, or commercial vehicles? Rajat Sharma: I think the only number that was disappointing is Hero Motocorp’s, where the overall sales were 8.6% down. But again, the silver lining there was that export sales were up by a mile actually. And it is very difficult to say the reason why sales dipped. Just to give you a disclosure, I hold Hero Moto and I have been consistently recommending the stock on your show. I really like two-wheeler space and I have recommended buying this stock.

Marquee anchor investors, who participated in the anchor book include Capital Group, Fidelity Funds, ADIA, Morgan Stanley among others.

Stocks that were in focus included names like AB Capital, which jumped 10.5%, Aster DM, which rose 0.5%, and Vodafone Idea, whose shares declined nearly 3% on Tuesday.

Oil prices extended gains on Wednesday as a larger than expected fall in U.S. crude inventories and escalating geopolitical tensions raised investor worries about tighter supplies. Brent futures for June delivery rose 20 cents, or 0.22%, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for May climbed 17 cents, or about 0.2%, to $85.32 a barrel, at 0015 GMT.

In many ways, the recently concluded agreement between India and the European Free Trade Association (EFTA) is mainly a confidence building measure for India in the run-up to trade agreements likely to be pursued after general elections with the EU and UK. In most cases, the I-EFTA pact will have limited impact—India’s principal import from the four-nation group, gold, is not subject to pre-determined tariff reductions, while agricultural imports are excluded.

Biden raised concerns over China's support for Russia's defence industrial base and its impact on European and transatlantic security."He raised concerns over the PRC’s support for Russia’s defense industrial base and its impact on European and transatlantic security, and he emphasised the United States’ enduring commitment to the complete denuclearization of the Korean Peninsula," the White House reported. "If the United States insists on suppressing China's high-tech development and depriving China of its legitimate right to development, we will not sit idly by," Xi warned, according to Chinese state media. Biden also refused to back down on TikTok, the blockbuster Chinese-owned app that Congress is threatening to ban unless it changes hands, with Kirby saying Biden insisted he wanted to protect Americans' data security.

Sensex fell 110.64 points to close at 73,903.91, while the Nifty 50 settled 8.70 points, or 0.04%, lower at 22,453.30. Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Tesla sales drop to rising oil prices Nifty 50 formed a small negative candle on the daily chart with minor upper and lower shadows. “Technically, this pattern signals the formation of a doji-type pattern.

Day trading stocks for today: Following a sell-off in the US stock market on Monday, the Indian stock market snapped its three-day rally despite a sharp last-half-hour recovery on Tuesday. The Nifty 50 index went off 8 points and closed at 22,453 level, the BSE Sensex lost 110 points and finished at the 73,903 mark while the Bank Nifty index corrected 32 points and ended at 47,545 level.

Sensex fell 110.64 points, or 0.15%, to close at 73,903.91, while the Nifty 50 settled 8.70 points, or 0.04%, lower at 22,453.30. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 3 “We are seeing renewed optimism in the broader market in the mid & small cap stocks after the sharp correction over the past few months. There is a lot of money waiting on the sidelines to be invested in medium enterprises amid easing valuations and hopes of strong economic growth going ahead," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

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

SEC Commissioner Hester Peirce criticized her own agency and its controversial staff accounting bulletin, SAB 121, during Tuesday remarks at the Practicing Law Institute’s 2024 SEC Speaks annual event, claiming the federal agency is “scaring people off.”

On a day where blue-chip crypto markets are trading with a bearish bias, investors are scouring altcoin markets for strong performers that could be the best crypto to buy today.

Hot Solana meme coin Smog has amassed a staggering 110,000 holders ahead of the conclusion of the first round of its airdrop worth a gigantic $1 million.

Dividend stocks: Shares of Ashok Leyland Ltd, Iykot Hitech Toolroom Ltd, Shiva Cement Ltd, and Sunrise Efficient Marketing Ltd will be in focus when the stock market opens on April 3 (Wednesday). The Board of Directors of the 4 companies have declared an interim dividend, rights issue, and bonus issue 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 3.

Stock market today: Both the domestic equity benchmarks, Sensex and Nifty 50, halted their three-day winning streak, as the 30-share benchmark plummeted by 110 points. The 30-share BSE Sensex declined by 110.64 points or 0.15 per cent to settle at 73,903.91. Meanwhile, the broader NSE Nifty dipped 8.70 points or 0.04 per cent to 22,453.30.