Trade Financial News

Some of the biggest U.S. companies in artificial intelligence have asked their Taiwanese manufacturing partners to step up production of AI-related hardware in Mexico, seeking to diminish reliance on China. Taiwan-based Foxconn, the world’s largest contract electronics manufacturer, and other Taiwanese companies are heeding the call and investing more in Mexico, according to industry executives and analysts.

SRF, part of the specialty chemical space, remained rangebound for the past 1 year but recent momentum helped the stock to break out from a 9-month consolidation on the weekly charts. Short-term traders can look to buy the stock now for a possible target of Rs 2,900-3,000 in the next 3-4 weeks, suggest experts.

In Monday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Varun Beverages Ltd. traded 0.81 per cent up at Rs 1409.45 at 12:48PM (IST) on Monday, even as BSE benchmark Sensex gained 387.86 points to 74039.21. The stock had settled at Rs 1398.1 in the previous session. The stock quoted a 52-week high price of Rs 1560.3 and 52-week low of Rs 667.82, respectively. As per BSE data, total traded volume on the counter till 12:48PM (IST) stood at 29862 shares with a turnover of Rs 4.23 crore.

InterGlobe Aviation Ltd. traded 0.6 per cent up in Monday's trade at 12:38PM (IST). Around 6,873 shares changed hands on the counter. The scrip opened at Rs 3560.85 and touched an intraday high and low of Rs 3606.55 and Rs 3556.2, respectively, in the session so far. The stock of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 3606.55 and a 52-week low of Rs 1812.1.

Tinkoff Bank, one of Russia’s biggest banking players, has won a license to issue and sell “digital financial assets” (DFAs) in the country.

₹2.8 in March 2020 to approximately ₹428 at present. This translates into an extraordinary return of 15185 percent. If an investor had allocated ₹1 lakh to this stock in March 2020, the initial investment would have grown to ₹1.52 crore by now.

Hindustan Aeronautics share price rising more than 3% in morning trades scaled 52-week highs on a large order win worth ₹1173.42 Crores from Cochin Shipyard. Hindustan Aeronautics will be supplying 6 sets of LM2500 Gas Turbines(GT) and GT Auxiliaries (GTAE), Spares, Tools for Indian Navy Next Generation Missile Vessel(NGMV) Project to Cochin Shipyard. The order by Cochin Shipyard is to be executed by Hindustan Aeronautics (HAL) between FY26 to FY29.

Stock Market News: The beginning of the new financial year saw new highs for the domestic equities benchmark indices, the Sensex and Nifty 50, driven by metal stocks following positive data from China. An improvement in a crucial US inflation figure also helped the overall sentiment. The BSE Sensex rose by 0.81% to reach an all-time high of 74,254.62, while the blue-chip NSE Nifty 50 index climbed by up to 0.91% to a new record high of 22,529.95.

On the BSE, Haria Apparels(down 12.92 per cent), Dharani Finance(down 9.89 per cent), Konndor Industries(down 9.16 per cent), Active Clothing Co(down 8.45 per cent) and Veljan Denison(down 8.28 per cent) were among the stocks that plunged over 5 per cent during the session.

The NSE Nifty index was trading 170.8 points up at 22497.7, while BSE Sensex was up 473.1 points at 74124.45 at the time of writing this report.

Au Small Finance Bank Ltd. traded 2.39 per cent up at Rs 579.1 at 10:41AM (IST) on Monday, even as BSE benchmark Sensex gained 468.17 points to 74119.52. The stock had settled at Rs 565.55 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 813.0 and Rs 553.9, respectively.

SRM Contractors IPO: The allotment date of the initial public offering (IPO) of SRM Contractors Limited is expected today. The public issue opened for bidding on Tuesday and ended on Thursday last week. As Friday was a stock market holiday, applicants of the SRM Contractors IPO are expecting the announcement of share allocation any time today.

The Magnificent Seven trade is beginning to fizzle—and yet, the stock market is still heading higher. The S&P 500 climbed 10% in the first quarter, its best start to a year since 2019, even though two of its biggest constituents suffered double-digit declines. Apple shares fell 11% in the first three months of the year, while Tesla dropped almost 30%.

The price change in 24 carat gold in the last one week has been -1.46% .whereas in the last month it has been -6.23%. The cost of silver is Rs.77900.0 per kg up by Rs.100.0 per kg. Gold Rate Today in Delhi is ₹69471.0/10 grams.

Rose Hanbury's United Kingdom estate Houghton Hall has refuted claims regarding the possession of antique valuables allegedly looted from China, as per a Hindustan Times report. The accusations arose following scrutiny towards artefacts in the Marquess and Marchioness of Cholmondeley's grand residence.

Nifty50 hit a fresh record high of 22,530 as it rallied 0.80% while Sensex surged 500 points, up 0.70%.

The Port of Virginia, with terminals at the mouth of the Chesapeake Bay near Norfolk, is opening a gate Monday at 5 a.m. — an hour earlier than usual — to help accommodate more truckers. The Port of New York and New Jersey, which is expecting additional cargo including autos, is working to allow quick access for transport companies that usually go through Baltimore. A major railroad is expanding its services, too. Fallout from last week’s deadly bridge collapse, which indefinitely closed the nation’s 17th-largest port by total cargo tonnage and the busiest gateway for vehicles, is expected to be largely contained as neighboring facilities with spare capacity tweak their schedules. Snarls, delays and added costs are more likely to appear outside ports as tens of thousands of shipments require longer routes on already-crowded roadways and rail lines.

At 9:30 am, the MCX April gold futures were trading at Rs 68,930 per 10 grams, up by Rs 1,253 or 1.85% while May silver futures were trading at Rs 75,787 per kg, higher by Rs 739 or 0.98%. Track prices here

Torrent Power, a leading integrated power utility firm, saw its share price climb sharply in Monday's trading session after the company bagged a wind-solar hybrid project. According to an exchange filing made on Thursday (March 28) after market hours, the company said that it received a letter of award from its 'Distribution Unit' for setting up a 150MW wind-solar hybrid project with an investment of ₹1,825 crore.

₹265.65 apiece on the BSE. Rail Vikas Nigam Ltd has emerged as the lowest bidder (L1) for design, supply, erection, testing and commissioning for the upgradation of an electric traction system for the Kharagpur section of the Kharagpur division of South Eastern Railway to meet the 3000 MT loading target.