Trade Financial News

Adani Group stocks following Hindenburg Research’s scathing indictment was cutting against the grain — the cumulative value of the ports-to-power conglomerate’s stocks had nosedived more than $150 billion at one point — but GQG’s confidence capital at the nick of time helped soothe nerves while simultaneously raising eyebrows over the gumption of GQG’s founding chairman Rajiv Jain. Unknown to many, behind the scenes Jefferies was busy playing the match maker. Being the sole broker on India’s largest block trade (GQG’s $1.1 billion into Adani Power, as part of the larger $1.87 billion) thus became the breakout moment for Wall Street’s “challenger” investment bank Jefferies. When most other advisors were pulling back, Jefferies chose to pull out all stops for their client.

fund manager survey by Bank of America Securities showed the risk appetite in March is the highest since November 2021, while the firm's 'Bull & Bear' indicator shows sentiment is 'bullish but not extremely bullish' yet. Two-thirds of the survey respondents said a recession is «unlikely» in the next 12 months with 62% forecasting a «soft» landing, while 23% said «no» landing (5% in October 2023) and 11% said «hard» landing (30% in October 2023). Bank of America said 226 fund managers with $572 billion of assets under management (AUM) participated in the March survey.

By Tetsushi Kajimoto

Investing.com-- Japan’s Nikkei 225 index rose sharply to record highs on Thursday as investors remained largely optimistic about a dovish Bank of Japan despite the central bank’s first rate hike in 17 years. 

Investing.com-- U.S. stock index futures rose in evening trade on Wednesday, extending a record-high run on Wall Street after the Federal Reserve kept rates steady and stuck to its forecasts of at least three rate cuts this year. 

Indian stock market today: A total of 8 stocks have been banned for trade on Thursday, March 21, 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 it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Dividend paying stocks: Shares of Castrol India Ltd, Ksolves India Ltd, and Patanjali Foods Ltd will be in focus when the stock market opens on March 21 (Thursday). The Board of Directors of the 3 companies have declared final dividend and interim dividend for their eligible shareholders. The record date by the 3 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on March 21.

TVS Motor, Wipro, Aster DM Healthcare, RVNL, ZEE among others will be in focus due to various news developments. TVS Motor The Board of TVS Motor approved a scheme of arrangement between the company and its shareholders, under which, it will issue and allot cumulative redeemable preference shares by way of bonus.

This is fuelled by a substantial increase in growth capital investments within the IT services sector by global PE funds, which was not prevalent earlier.

Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion

In a rare move on Wall Street, Chipotle Mexican Grill’s board has approved a 50-for-1 stock split

Britain’s foreign secretary has met with Thailand’s prime minister on his first visit to the Indo-Pacific region

The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false

Stocks that traded heavily or had substantial price changes on Wednesday: Chipotle, General Mills rise; Signet Jewelers, Nasdaq fall

The largest U.S. retail trade group is forecasting that the country's retail sales will increase anywhere between 2.5% and 3.5% this year

India is the top supplier of shrimp to the U.S., with Indian shrimp stocked in freezers at most of the nation’s biggest grocery store and restaurant chains

Citi is enriching its ultra-high-net-worth business as it welcomes a pedigreed industry executive to head its American family office division.

By Jamie McGeever

Investing.com — Micron reported Tuesday upbeat guidance for the current quarter after the chipmaker swung to a surprise profit in the fiscal second-quarter as memory price hikes boosted performance amid growing AI-driven demand.  

With spring finally arriving, Canadians may eagerly consider resuming hobbies like gardening and golfing. But researchers are warning of potential health risks associated with these hobbies, especially those that heighten pesticide exposure.

Australia has received its most senior Chinese leadership visit in nearly seven years with stability a key theme of the discussions between the countries’ foreign ministers