Trade Financial News

Investing.com-- Oil prices fell in Asian trade on Monday, extending losses from the prior week as markets remained on edge over slowing demand while largely looking past a tighter supply outlook for 2024. 

Investing.com-- Japanese stocks fell sharply on Monday, while the yen hovered near one-month highs as media reports suggested the Bank of Japan could end its yield curve control policies by as soon as next week.

By Yuka Obayashi

Sensex gained 33.40 points to close at 74,119.39, while the Nifty 50 settled 19.50 points, or 0.09%, higher at 22,493.55. Nifty 50 formed a small negative candle on the daily chart with a minor lower shadow. Also Read: Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, Japan’s GDP to China inflation “Technically, this pattern indicates breather type formation post sharp upside breakout of Wednesday.

Sensex gained 33.40 points, or 0.05%, to close at 74,119.39, while the Nifty 50 settled 19.50 points, or 0.09%, higher at 22,493.55. Market participants will now look out for several stock market triggers as the focus will shift to crucial economic data, such as inflation data releases from both India and the US, electoral announcements ahead of General Elections 2024, foreign capital inflow and other global cues. Read here: Week Ahead: Inflation data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,800 this week “Investors will take cues from the outcome of the ECB interest rate meeting and US Non-Farm Payroll data.

biggest initial public offerings so far this year, according to people familiar with the matter. The social media platform and some of its current shareholders plan a sale of 22 million shares for $31 to $34 each, said the people, who asked not to be identified because the information wasn’t public yet. The company was seeking a valuation of as much as $6.5 billion in the listing, Bloomberg News has reported.

stock broking app to place an order for Bank Nifty options, he was taken aback. “On 20 December, the broker’s app had a glitch when I placed some orders for a Bank Nifty option. The app didn’t show anything, whether my orders had been executed or rejected or were pending. My order book and position page didn’t get updated, nor did the funds page,” recounts Patil. Seeing his funds in place, Patil kept punching in his order, but nothing got updated. The order book and position tab got updated only a few minutes later, showing an open position, with a huge loss of Rs.37,000. Patil tried to exit that position, but the error kept recurring. Patil is not alone in his suffering. Today, more individuals are trading than ever before. A record number of investors have opened demat accounts in the past few years. A staggering 42 lakh new accounts were opened in December alone—50% higher than the previous month—taking the total number of demat accounts to 13.93 crore. The trading volume on stock exchanges has increased over tenfold since 2019-20. However, brokers are finding it tough to handle this frenetic activity. In recent months, users of several broking platforms have been crying foul after facing recurring outages and disruption in services. Uphill battle for users

Stock split 2024: Shares of OK Play India Ltd will be in focus when the stock market opens on March 11 (Monday). The Board of Directors of OK Play India has declared stock split from one ₹10 per equity share into ten of ₹1 per equity share for its eligible shareholders. The record date by the company to ascertain the eligibility of shareholders for the stock split issue has been fixed on March 11.

Indian stock market today: A total of 5 stocks have been banned for trade on Monday, March 11, 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.

Technical analysts predict Nifty is likely to advance towards 22,600, followed by 23,000, with robust support at 21,920. They suggest stocks such as Oracle Finance, HDFC Life, Marico, Pidilite, ICICI Bank, Maruti, Cipla, Sun Pharma, Larsen & Toubro, PNB, HAL, and Dixon could continue to attract significant buying interest. RUCHIT JAIN LEAD RESEARCH, 5PAISA.COM

By Jamie McGeever

By Ryan Woo and Liangping Gao

SYDNEY (Reuters) — Australia said on Monday it would remove import tariffs on a wide range of goods including toothbrushes, toasters, hand tools and clothing in a bid to eliminate red tape for businesses and bring relief to families battling higher living costs.

For those wondering why private sector capex is not visible, here's an answer — it has reached a critical stage from where it is beginning to flow — said, CEO at Crisil, the biggest rating company that has the pulse of the Indian corporate world. Recent regulatory actions may slow the growth rate, but there is no trouble in sight, Mehta told Bhaskar Dutta and MC Govardhana Rangan in an interview. Edited excerpts: The latest GDP growth numbers surprised everyone. There are divergent views on it and we aren't seeing private capex yet. What are the corporates telling you? There are a few parts to this. One is the PLI (production-linked incentive scheme). It's very targeted — 15 sectors — and it's going to happen. Then there is conventional capex, the point that you are talking about. We are looking at capacity utilisation across multiple segments right now. What we are seeing is that in the top eight key segments, the capacity today is higher than the decadal average capacity utilisation that we have seen across those segments whether you take cement, steel, oil and gas, etc. Cement and steel plants are already expanding, refining is talking about green capex investment. Capex investment in these companies is at 13-14% versus 7-8% earlier. We are talking 13-14% growth in fixed assets. They have now started investing at a higher pace than earlier. The next question is about the sustainability of this growth. Can this be repeated?

Stocks that traded heavily or had substantial price changes on Friday: DocuSign, Gap rise; Costco, Marvell fall

India has signed a trade agreement with Iceland, Liechtenstein, Norway and Switzerland on Sunday that includes a commitment of $100 billion investment and creating 1 million direct jobs in India in the next 15 years

Several U.S. discount retailers are recalling packages of ground cinnamon after health officials warned they were contaminated with high levels of lead

An oil and gas trade group in North Dakota has ended a workforce recruitment program that brought Ukrainians from their war-torn country to North Dakota's oil fields to fill jobs

A federal judge on Friday rejected a challenge to a Washington state law that cleared the way for lawsuits against the gun industry in certain cases

Wall Street pulled back from its record heights following a shaky day of trading, putting at least a temporary halt to its huge rally since Halloween

Saudi oil giant Aramco says it made $121 billion profit last year, down from its 2022 record due to lower energy prices