Trade Financial News

Tube Investments of India Ltd. traded 1.54 per cent down in Monday's trade at 01:54PM (IST). Around 1,648 shares changed hands on the counter. The scrip opened at Rs 3548.15 and touched an intraday high and low of Rs 3548.15 and Rs 3485.7, respectively, in the session so far. The stock of Tube Investments of India Ltd. quoted a 52-week high of Rs 4120.8 and a 52-week low of Rs 2432.0.

India will be only the second country after China to be operating on a short settlement cycle.

Lupin Ltd. slipped 1.43 per cent to Rs 1616.2 in Monday's trade. It hit a high of Rs 1640.55 and low of Rs 1607.35 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1208.21, while the 50-DMA was at Rs 1549.9. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price was declining.

Voltas Ltd. slipped 1.1 per cent to Rs 1053.55 in Monday's trade. It hit a high of Rs 1065.8 and low of Rs 1037.1 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 893.42, while the 50-DMA was at Rs 1062.56. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Bharat Forge Ltd. dropped 1.3 per cent to Rs 1104.55 at 01:29PM (IST) in Monday's trade. The scrip has hit a high of Rs 1120.0 and low of Rs 1091.0 so far during the session. The stock had closed at Rs 1119.2 in the previous session. The counter has had a total traded volume of 10329 shares so far with a value of Rs 1.13 crore on the NSE. It traded at a price-to-earnings multiple of 53.36 and a price-to-book ratio of 5.35.

Nilesh Shah, MD, Kotak AMC, says “we have advocated to our clients to follow the dharma of asset allocation. If you are leveraged into this market, please sell everything right now and reduce your leverage unless and until you are an exceptionally lucky or exceptionally skilled trader. If you are overweight into equity, this is time to book profit. If you were a brave person who bought during the Covid period, then you can hold on to your positions because you know how to manage risk. If you were that conservative person who sold during Covid period, then please book a lot of profit over here.” Shah also says: “Last year was one two ka three market, largecaps gave about 30% return, mid and smallcap about 60%, and microcap about 90%. Market does not move linearly. Investors who are coming into small and midcap funds should not expect what happened last year will be repeated in the next one year or two years or three years.” Let us talk about the elections and the market given the kind of correlation that we have seen for the last five consecutive Lok Sabha elections with the Nifty rallying between 3% and 21% just a month before the elcection, Now that there is more clarity in terms of the dates, what is your assessment? Nilesh Shah: This time, the market has already discounted the continuity of the government.

Trent Ltd. fell 0.27 per cent to Rs 4048.95 at 01:03PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 4,650 shares with a turnover of Rs 1.87 crore till 01:03PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 172.07, while the price-to-book value ratio stood at 18.83.

SBI Cards and Payment Services Ltd. rose 0.17 per cent to Rs 700.35 in Monday's trade as of 12:43PM (IST) even as the benchmark Nifty ruled at 22061.15, up 37.81 points. The scrip had closed at Rs 699.15 in the previous session. The stock quoted a 52-week low of Rs 678.8 and a high of Rs 932.35. The company quoted a market-cap of Rs 66695.63 crore on the BSE.

Narendra Modi responded to Rahul Gandhi's 'Shakti' remark by stating his readiness to sacrifice his life for 'Shakti'. Speaking at a rally in Jagtial, the Prime Minister said that it was an honour for him that Nari Shakti has gathered to bless and support him. «The INDI alliance in their manifesto said that their fight is against 'Shakti'. For me, every mother, daughter and sister is a form of 'Shakti'. I worship them in the form of 'Shakti'. I am the worshiper of Bharat Mata...Their manifesto is to finish 'Shakti', and I accept the challenge...'Main jaan ki baazi laga dunga',» PM Modi said. PM Modi said that his government dedicated the success of the Chandrayaan mission by naming the point where Chandrayaan landed as 'Shiv Shakti'.

Crompton Greaves Consumer Electricals Ltd. slipped 1.41 per cent to Rs 271.3 in Monday's trade as of 01:09PM (IST). It hit a high of Rs 278.5 and low of Rs 268.5 during the session. The stock quoted a 52-week high price of Rs 327.8 and a low of Rs 251.25. The return on equity for the stock stood at 18.38 per cent. About 38,869 shares have changed hands on the counter so far.

Cryptocurrency markets were trading higher on Monday, led by Bitcoin, Ethereum, Solana, and Avalanche, ahead of the Fed's policy decisions due this week. Investors await the central bank's policy decisions, due later in the week, as they look for clues into the future global interest rate trajectory.

stock market transactions by government servants upon whom Central Civil Services (Conduct) Rules, 1964 are applicable. Rule 16 of Central Civil Services (Conduct) Rules states, «No Government servant shall speculate in any stock, share or other investment. Provided that nothing in this sub-rule shall apply to occasional investments made through stockbrokers or other persons duly authorised and licensed or who have obtained a certificate of registration under the relevant law.» Also read: DA hiked to 50%: 6 things central government employees should know.

IFCI has posted multibagger returns in the last 4 years, rising from ₹4 in March 2020 to around ₹39 currently. This implies a return of 875 percent for its investors. An investment of ₹10,000 in this stock in March 2020 would have turned into ₹97,500 now.

₹189.50 crore KP Green Engineering IPO has been oversubscribed heavily led by retail investors. KP Green IPO is an SME IPO that opened for bidding on March 15 and will close on March 19. Today is the second day of bidding for KP Green Engineering IPO.

Stock market today: Shares of Salasar Techno Engineering Ltd are one of the multibagger penny stocks that the Indian stock market has delivered in the last one year. This tech stock has surged nearly 150 percent in the last one year. The multibagger penny stock was in the news recently for trading ex-bonus on 1st February 2024.

Solana’s native token saw am impressive increase in the past 24 hours despite wider market consolidation, exceeding $200. SOL is up 10.33% in the last 24 hours and is currently trading at $204.16 at press time, per CoinMarketCap.

Bitcoin’s record high above $72,000 hasn’t changed the Indian government’s position on crypto, according to Finance Minister Nirmala Sitharaman.

Siemens Ltd. traded 0.25 per cent higher in Monday's session at 12:02PM (IST). The stock opened at Rs 4760.4 and has touched an intraday high and low of Rs 4823.4 and Rs 4756.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 4973.55 and a 52-week low of 3203.35. About 1,780 shares changed hands on the counter so far.

Ashok Leyland Ltd. traded 0.24 per cent lower in Monday's session at 12:07PM (IST). The stock opened at Rs 162.05 and has touched an intraday high and low of Rs 162.75 and Rs 159.75, respectively, during the session so far. The stock quoted a 52-week high of Rs 191.45 and a 52-week low of 133.1. About 378,301 shares changed hands on the counter so far.

ICICI Lombard General Insurance Company Ltd. gained 0.53 per cent to Rs 1660.0 at 12:12PM (IST) in Monday's trade. The scrip hit a high of Rs 1660.0 and low of Rs 1647.05 so far during the session. The stock had closed at Rs 1651.15 in the previous session. The counter had a total traded volume of 12:12PM shares so far with a turnover of Rs 0.39 crore on BSE. The stock traded at a price-to-earnings multiple of 44.51 and a price-to-book ratio of 5.03.