Trade Financial News

JAKARTA (Reuters) — Indonesia's February trade surplus is expected to have widened slightly from the previous month as exports likely contracted at a slower pace, while imports rose ahead of the Muslim fasting month of Ramadan, a Reuters poll showed on Thursday.

Investing.com-- Oil prices rose slightly in Asian trade on Thursday, staying near four-month highs after a substantial draw in U.S. gasoline inventories and debilitating attacks on a key Russian fuel refinery pointed to tighter fuel supplies. 

Investing.com-- Most Asian currencies retreated on Thursday, while the dollar steadied from recent gains as markets sought more cues on U.S. interest rates from producer inflation and retail sales data due later in the day. 

Investing.com-- Most Asian stocks stuck to a tight range on Thursday in anticipation of more cues on U.S. inflation and interest rates, while losses in Japanese markets extended into a fourth straight session amid persistent jitters over the Bank of Japan. 

Updates to correct reference to Rivian (NASDAQ:RIVN) bankruptcy report to Fisker Inc (NYSE:FSR).

BSE Midcap and Smallcap indices saw healthy gains, rising over a per cent each, in the morning session of trade on Thursday, March 14. The BSE Midcap index was up 1.02 per cent while the BSE Smallcap index was up 1.6 per cent around 10:25 am. The benchmark Sensex was 0.10 per cent up at that time.

silver in Delhi is Rs.75100.0 per kg, a decrease of Rs.1100.0 per kg. Gold and Silver prices in major cities are as follows: Chennai - Gold: Rs.66446.0/10g, Silver: Rs.78400.0/1kg.

Krystal Integrated Services IPO: The initial public offering (IPO) of Krystal Integrated Services Limited has hit the Indian primary market today. The public issue will remain open for bidders till 18th March 2024. The facilities management services company has fixed Krystal Integrated Services IPO price at ₹680 to ₹715 per equity share.

Hindustan Copper, a state-owned company engaged in mining copper ore in India, saw its shares zoom 6% to ₹249 apiece in today's early trade, snapping a 5-day losing streak after copper prices rose sharply as investors bet on a drop in global supply. On Wednesday, copper prices surged to their highest level in 11 months, climbing by 3.1%, following a meeting in Beijing where officials from at least 15 Chinese plants discussed potential measures, including the possibility of production cuts.

Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, opened the day lower on Thursday due to persistent profit-booking, while small- and mid-cap stocks continued to fall prior to of the findings of a stress test conducted on mutual funds in those market sectors. The 30-share BSE Sensex opened lower by 194.40 points or 0.27% at 72,570.10 level while the Nifty 50 opened at 21,982.55 level, down 15.20 points or 0.07%. Market volatility will present possibilities for cherry-picking, according to Dr.

LTI Mindtree in the past 12-15 months, which it believes is driven by an accommodative stance during the merger process. “We would have liked quick changes, restricting the pain to 1-2 quarters. However, management’s accommodative stance to reduce risks has paradoxically turned into a riskier policy, leading to frequent senior management exits and associated instability.

profit booking in the previous session, Indian equity indices opened in the red for the second straight session on Thursday. Selling pressure was seen across all sectors. The BSE Sensex was trading 252 points or 0.35% lower at 72,509. Nifty50 was trading at 21,930, down 68 points or 0.31% at around 9.20 am.

Samvardhana Motherson International with a target price of Rs 150. The current market price of Samvardhana Motherson International Ltd. is Rs 110.05.

“While the Nifty has hit its fair value zone on a fundamental basis, behavioral indicators indicate a bullish sentiment, suggesting further potential for market rallies,” says Nimesh Chandan, CIO, Bajaj Finserv AMC. In an interview with ETMarkets, Chandan who has over 22 years of experience in capital markets said: “Rather than narrowing the selection to one ratio (dividend yield), one can focus on companies trading below their intrinsic value. One finds many of the quality compounders in this category,” Edited excerpts: We have hit record highs in March – what do you see markets headed? Nimesh Chandan: India is outperforming both emerging and developed markets in economic growth, macro stability, earnings growth, and political stability. The Nifty earnings have reached record levels, fueling a bullish market trend.

₹4,595.06 crore, while domestic institutional investors (DIIs) purchased ₹9,093.72 crore worth of stocks on March 13, provisional data from the NSE showed. The rupee declined by 5 paise to settle at 82.85 (provisional) against the US dollar on Wednesday, tracking a broad-based selloff in domestic markets.

Stock market today: On account of broad-based selling across segments, the Indian stock market ended lower on Wednesday. The Nifty 50 index witnessed a sharp correction on the previous session and ended 338 points or 1.51 percent lower at 21,997 level.

1% on Thursday in early trade after reports it was in advanced negotiations to sell a significant stake in Australian telco Optus to Canada's Brookfield Asset Management. Those reports came after Singtel had dismissed an article in the Australian Financial Review (AFR) on Wednesday saying it would sell the entirety of Australia's second-largest telecommunications group for as much as A$18 billion ($11.93 billion).

Gold prices traded flat in early Asian trade hours on Thursday, within close range of record-high levels on a broadly weaker dollar, as traders awaited more economic data that could steer hopes for a mid-year rate cut by the U.S. Federal Reserve. FUNDAMENTALS

The Financial Industry Regulatory Authority Inc. went back to carrying a big stick last year as the fines it imposed on brokerage firms reached $89 million, a 63 percent increase compared to $54.5 million in 2022, according to a new report by the law firm Eversheds Sutherland.

Wealthy Americans would lose some of the tax perks they can currently access through various retirement savings accounts under the budget proposed Monday by President Joe Biden.

ITC, Vedanta, Tata Motors, Cyient, Gopal Snacks, Droneacharya Aerial among others will be in focus due to various news developments. ITC