Trade Financial News

Info Edge (India) Ltd. traded 0.61 per cent up at Rs 5185.75 at 10:46AM (IST) on Wednesday, even as BSE benchmark Sensex gained 47.67 points to 73715.63. The scrip had closed at Rs 5154.0 in the previous session. The stock quoted a 52-week high price of Rs 5536.8 and 52-week low of Rs 3310.0, respectively. As per BSE data, total traded volume on the counter till 10:46AM (IST) stood at 1828 shares with a turnover of Rs 0.95 crore.

Benchmark NSE Nifty index rose 28.0 points to 22307.7 amid selling in frontline bluechip stocks.

Investing.com-- Gold prices steadied in Asian trade on Wednesday, but were nursing a tumble from record highs after a strong U.S. inflation reading kept fears of higher-for-longer interest rates in play. 

Investing.com-- Most Asian currencies crept lower on Wednesday, while the dollar retained some overnight gains after hotter-than-expected U.S. inflation data kept fears of higher-for-longer interest rates in play.

Investing.com-- Most Asian stocks rose slightly on Wednesday as major technology shares tracked a rally in their Wall Street peers, although overall gains were limited as hot U.S. inflation factored into a higher-for-longer outlook for interest rates.

Infibeam Avenues informed the exchanges today that it has entered into a payment processing partnership with Saudi Arabia’s Saudi Awwal BankThe company also said that it has secured a eMSP Payment technical service provider approval from SAMA (Saudi Payments), in its exchange filing.Infibeam Avenues said its international subsidiary Infibeam Avenues Saudi Arabia has received a PTSP Certification from the SAMA (Saudi Payments) to operate as a Payment Processor (PTSP - Payment Technical Service Provider) in the Kingdom of Saudi Arabia (KSA), in its exchange filing.Post-certification, the company’s flagship payment brand, CCAvenue, will establish itself as a payment gateway (PTSP) player for digital transactions in the Saudi Arabian market.The company’s CCAvenue payment gateway solution has already done data localisation and hosting within the Kingdom of Saudi Arabia (KSA) as well as secured PTSP processing approval from the authorities.Sensex Today Live : Barring a few, most of the sectoral indices were in the green. Among the losers were Metal (down 0.66%), Pharma (down 0.54%), Health (down 0.57%), and Oil & Gas (down 0.52%).Sensex Today Live : The broader market had finally shaken off two days on its losing streak, with the indices opening in the green.

Grayscale Investments intends to launch a clone of the world’s biggest bitcoin fund as it loses billions to lower-cost rivals.

ITC: British American Tobacco has initiated a block deal to offload a 3.5 percent equity stake in ITC to institutional investors, potentially raising as much as ₹16,775 crore. The India division of the British cigarette manufacturer intends to dispose of up to 43.69 crore ITC shares through accelerated book building at a price range of ₹384-400.25 per share, as reported by CNBC Awaaz, quoting sources. The share sale is priced at a 5 percent discount to Tuesday's closing price at the lower end of the price band.

Shaitaan Box Office Collection Day 5: Supernatural horror-thriller, Shaitaan, witnessed a sharp decline on Monday and the slump continued on Tuesday after performing exceptionally well over the weekend. The Bollywood movie stormed the box office on the day of its release, March 8, and made consistent progress thereafter before its business plunged on day 4 of its release. According to industry tracker Sacnilk, the film raked in ₹61.25 crore net during its five-day theatre run.

Stock market today: The market benchmarks Nifty 50 and Sensex managed to conclude nearly unchanged, despite most of their constituents ending the day with losses, on Tuesday, March 12. The Nifty 50 commenced trading at 22,334.45, marginally higher than the previous close of 22,332.65. Throughout the session, it oscillated between an intraday high of 22,452.55 and a low of 22,256.

Buy or sell stocks for today: Frontline indices Nifty 50 and Sensex settled flat the previous day in a highly volatile session, driven by select gains in heavyweights including HDFC Bank, Reliance Industries, and Tata Consultancy Services (TCS). On the other hand, the domestically-focused midcaps and smallcaps suffered massive losses over stretched valuations.

Sensex gained 165.32 points, or 0.22%, to close at 73,667.96, while the Nifty 50 inched 3.05 points, or 0.01%, higher to settle at 22,335.70. “Pain is likely to continue in the broader market amid stretched valuation and red flags from SEBI. Also, the mandatory disclosure format for mutual funds shared by SEBI to look at the stress situation in the funds, will be out by March 15.

Sensex gained 165.32 points, or 0.22%, to close at 73,667.96, while the Nifty 50 inched 3.05 points, or 0.01%, higher to settle at 22,335.70. Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US inflation to oil prices Nifty 50 formed a neutral candlestick pattern on the daily chart after a bearish engulfing, signaling ongoing bearish pressure in the market. “The bearish Evening star pattern formed in the previous session has not yet been negated.

BSE website states that during Wednesday's deals, JG Chemicals share price will list on the BSE and NSE in a special pre-open session. JG Chemicals share price today will be available for trade from 10:00 IST.

Investing.com-- Oil prices rose in Asian trade on Wednesday, buoyed by industry data showing an unexpected draw in U.S. inventories, while the OPEC also stuck to its forecast of strong demand growth in the coming years.

For the past few days, memecoins have enjoyed high trading volume as they continue to spike in price. Despite the recent market dip experienced by Shiba Inu (SHIB), the memecoin has exceeded $3.7 billion in trading volume. This signals new hope for its holders as the bull run approaches. Other memecoins like NuggetRush (NUGX) and Pepe (PEPE) are poised to replicate SHIB’s success as they grow in popularity.

Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11.

Today, the spotlight remains firmly on Bitcoin, with investors keenly watching for the latest Bitcoin price prediction as it maintains a stronghold above the $71,000 mark.

The Bitcoin (BTC) price saw wild trading conditions on Tuesday, briefly hitting new all-time highs above $73,000 shortly after the release of hotter-than-expected US inflation data, before suddenly dropping into the $68,000s.

LONDON (Reuters) — Britain will on Wednesday sign a memorandum of understanding on trade with Texas, the biggest U.S. state so far to agree to such a pact aimed at boosting investment.

Investing.com-- U.S. stock index futures steadied in late-Tuesday trade after Wall Street indexes surged despite a stronger-than-expected reading on consumer inflation, with upcoming factory inflation and retail sales readings presenting more tests.