Trade Financial News

equity benchmarks tumbled nearly 1.5% on Wednesday, defying Wall Street's overnight gains, as investors spooked by the recent freefall in small-cap and mid-cap stocks rushed to offload riskier holdings. Brokers pushed traders to liquidate bets in smaller shares bought on loans following the capital market regulator's recent warnings of 'froth' and 'bubble' in pockets of the market. This sent the Midcap 150 and Smallcap 250 indices plunging 4.2% and 5.2%, respectively-their biggest single-day fall in two years.

IIFL Finance passed a resolution to raise ₹2,000 crore comprising a rights issue of ₹1,500 crore and non-convertible debentures of ₹500 crore, according to a statement issued by the company on Wednesday. The company said that it plans to raise ₹1,500 crore by way of fast track rights issue before the end of June 2024 while the NCDs will be raised by this month-end.

«FMCG and contrarian plays like gold are offering some refuge. Other than the premium valuation no fundamental issue is noticed to drawback the long-term growth image of domestic midcaps,» said Vinod Nair, Head of Research, Geojit Financial Services.

Indian stock market today: A total of 9 stocks have been banned for trade on Thursday, March 14, 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 stocks: Shares of Wonder Electricals Ltd will be in focus when the stock market opens on March 14 (Thursday). The Board of Directors of the company has declared interim dividend for the eligible shareholders. The record date by the company to ascertain the eligibility of shareholders for the interim dividend has been fixed on March 14.

Binance, the world’s largest cryptocurrency exchange, has announced its plan to delist multiple TrueUSD spot trading pairs as well as a couple of BNB pairs, its native currency.

The South Korean gaming behemoth WeMade is hopeful that its massive blockchain gaming drive is finally starting to pay dividends, media reports claimed on March 13.

By David Lawder

By Karen Freifeld

Bitcoin‘s price we­nt up by more than 2.50% on Wednesday to trade near $73,000. This uptick occurs as Asian stocks reach a seven-month apex, undeterred by the slightly higher U.S. inflation rates which have spurred investor bets against mid-year interest rate adjustments.

Transportation Secretary Pete Buttigieg has reiterated his concerns about railroad safety and scolded the industry for not doing more to improve since last year's fiery Ohio derailment

Dollar Tree will close nearly 1,000 stores and swung to a surprise fourth quarter loss as the discount retailer took a related $1.07 billion goodwill impairment charge

China stocks slide after the overnight United States inflation report

Stocks drifted to a mixed close on Wall Street as a lull carried through financial markets worldwide

Britain has signed a trade agreement with Texas

Stocks that traded heavily or had substantial price changes on Wednesday: Dollar Tree, Vera Bradley fall; Valero, Williams-Sonoma rise

The Board of Control for Cricket in India (BCCI) has announced the schedule for the first 21 matches of the upcoming IPL between March 22 and April 7. It is waiting for the Election Commission to announce the schedule for the Lok Sabha polls, slated to be held in April and May, before scheduling the rest of the tournament. Industry insiders said companies looking at campaign-based advertising would want more visibility on the schedule. IPL official broadcaster Disney Star and official streamer Viacom18 have managed to close a slew of sponsorship and spot-buy deals and are expected to sign more deals in the run-up to the IPL, which will kick off on March 22. «The IPL on-ground sponsorships were also closed very late, with some sponsorship slots remaining unsold even now,» said the official cited above. «Both Disney Star and Viacom 18 have to offer the first right of refusal to IPL's on-ground sponsors.»

Investing.com — The US government solid $22 billion of 30-year notes on Wednesday at a lower-than-expected yield, pointing to strong demand and confidence that the Federal Reserve will follow through on rate cuts this year.

Dollar Tree missed market expectations for holiday-quarter sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stores, as the retailer looks to revamp the struggling business.

Rashomon, the classic 1954 film by Japanese director Akiro Kurosawa, narrates four different perspectives of a crime. The Rashomon Effect aptly applies to varying accounts of the recently concluded 13th Ministerial Conference (MC-13) of the World Trade Organization (WTO), with much commentary in the Western media holding India as a spoiler even as Indian write-ups provided justification for the country’s positions. All this, while geopolitical shifts have resulted in strategic economic partnerships worldwide overshadowing the WTO.

Ever since photovoltaic cells started popping up on pocket calculators and building roofs a few decades ago, solar power has faced a key drawback: It’s a nice technology, but there’s simply not enough of it to make a difference. Right now, it’s facing the opposite difficulty. A tidal wave of investment in solar-power panels has swelled to the point that it threatens to overwhelm the global industry.