Trade Financial News

Bharat Electronics Ltd. traded 0.76 per cent up at Rs 211.2 at 10:25AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 406.99 points to 73465.3. The stock had settled at Rs 209.6 in the previous session. The stock quoted a 52-week high price of Rs 213.8 and 52-week low of Rs 89.68, respectively. As per BSE data, total traded volume on the counter till 10:25AM (IST) stood at 721224 shares with a turnover of Rs 15.28 crore.

Siemens Ltd. traded 0.8 per cent higher in Tuesday's session at 10:30AM (IST). The stock opened at Rs 4747.2 and has touched an intraday high and low of Rs 4747.2 and Rs 4689.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 4749.25 and a 52-week low of 3162.5. About 1,189 shares changed hands on the counter so far.

₹266 a piece on the NSE SME Purv Flexipack IPO had received strong response from the investors as was visible from 421.78 times subscription . The public issue was subscribed 448.73 times in the retail category, 157.32 times in the QIB, and 690.72 times in the NII category by February 29, 2024 The Grey market premium also indicated towards strong gains. The Purv Flexipack IPO GMP or grey market premium stood at ₹130.

Gold And Silver Prices Today: Gold prices experienced a slight increase on Tuesday. The price of 24 carat gold stood at Rs.6519.4 per gm, showing an increase of Rs.870.0.

Mint breaks down his agenda. Jaishankar will first travel to Seoul, where he is expected to chair the 10th India-Korea Joint Commission Meeting with the new South Korean foreign minister Cho Tae-yul. At previous meetings, the two countries have focused on supply-chain security and collaborating on advanced technologies.

How can one open a demat account? Here are 4 simple steps to follow Rising GDP typically elevates inflation. Moderate inflation indicates a healthy economy. An increase in prices in general can loosely be termed as inflation.

Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, began Tuesday's trading day on a negative note. Benchmark equity indices were trending down. The BSE Sensex opened lower by 104.87 points or down 0.14% at 73,767.42 level while the Nifty 50 opened at 22,371.25 level, down 34.30 points or 0.15%.

Macrotech Developers Ltd.(up 2.2 per cent), Phoenix Mills Ltd.(up 1.92 per cent), Godrej Properties Ltd.(up 1.03 per cent), Swan Energy Ltd.(up 0.95 per cent) and Mahindra Lifespace Developers Ltd.(up 0.23 per cent) were among the top gainers.

Bharat Forge Ltd. traded 1.18 per cent up at Rs 1203.7 at 10:20AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 359.87 points to 73512.42. The scrip had closed at Rs 1189.65 in the previous session. The stock quoted a 52-week high price of Rs 1330.0 and 52-week low of Rs 744.0, respectively. As per BSE data, total traded volume on the counter till 10:20AM (IST) stood at 17454 shares with a turnover of Rs 2.09 crore.

SRF Ltd. traded at Rs 2406.9 on BSE at 10:15AM (IST) on Tuesday, up 1.37 per cent from previous close. The stock quoted a 52-week low price of Rs 2050.0 and a high of Rs 2636.65.

Future Consumer Ltd.(up 5.56%), Honasa Consumer Ltd.(up 2.14%), Zydus Wellness Ltd.(up 1.56%), Sheetal Cool Products Ltd.(up 0.44%), Hatsun Agro Products Ltd.(up 0.16%), Godrej Consumer Products Ltd.(up 0.14%), Jyothy Labs Ltd.(up 0.14%), Tasty Bite Eatables Ltd.(up 0.13%), Mrs. Bectors Food Specialities Ltd.(up 0.08%) and Procter & Gamble Hygiene & Healthcare Ltd.(up 0.07%) were among the top gainers.

barriers to commerce, ensure stability through global accords and enforce the rules came under renewed criticism following a chaotic and contentious meeting of its top officials. The 13th ministerial conference in Abu Dhabi last week laid bare an uncomfortable truth: For an organization that needs all 166 member countries to agree, the WTO again struggled to muster even a small win. Those are only getting messier and harder to pull off in an era of two armed conflicts, widening geopolitical gulfs and a realignment of the trading ties that bind the postwar economic order. Meetings in the capital of the United Arab Emirates — positioned both geographically and geo-economically between US-European Union and China-Russia alliances — were dominated by disorder and confusion, according to several participants, who asked not to be named speaking about the private talks. They’re rarely jovial affairs, but hopes were quickly dashed that this year would be a turning point toward unity.

palm oil prices relative to other edible oils in the near term, according to veteran trader Dorab Mistry. Production in top grower Indonesia may fall by at least a million tons in 2024, while Malaysian output could remain flat, said Mistry, a director at Godrej International Ltd. The trend is likely to last at least five years, as the industry contends with aging trees, erratic weather and little improvement in farming practices, he said in an interview. “I think you have to be reasonably bullish on all oils, but particularly palm,” due to output constraints, he said on the sidelines of the Palm & Lauric Oils Price Outlook Conference in Kuala Lumpur. While production of other oilseeds is set to climb this year, “palm is unfortunately the laggard,” he said.

Tata Motors on Tuesday rallied 4.5% as investors pinned hopes on better value discovery from the proposed demerger of its passenger vehicle and commercial vehicle businesses. Both Morgan Stanley and JP Morgan gave overweight ratings on the Tata stock which hit a fresh 52-week high of Rs 1,031.70. The stock is, however, already trading above the target prices of both the global brokerages (Morgan Stanley's Rs 1,013 and JP Morgan's Rs 1,000).

Investing.com-- Most Asian stocks fell on Tuesday as investors collected recent profits in the technology sector, while China’s economic outlook and plans for the year spurred little improvement in sentiment towards the country. 

Sensex rose 66.14 to settle at an all-time high of 73,872 and the broader Nifty jumped 27 points to close at a lifetime high of 22,405. Stocks that were in focus included names like Data Patterns, which rose 5.22%, Max Healthcare, which fell 2.97%, and Tata Steel, whose shares declined 1.45% on Monday.

investors took a pause ahead of economic data and Fed Chair Jerome Powell's congressional testimony. Apple closed down 2.5% following a $2-billion EU antitrust fine for preventing Spotify and other music streaming services from informing users of payment options outside its App Store.

Investing.com-- Oil prices moved little in Asian trade on Tuesday, nursing some losses from the prior session and seeing little support as top importer China presented a middling economic growth forecast for 2024.

Investing.com-- Prices of Bitcoin cleared key levels in Asian trade on Tuesday, and were now less than $1,000 shy of a record high hit during the peak of a bull run in 2021. 

Bonus shares, stock split: Shares of Capri Global Capital Limited, a diversified non-banking financial company, will be in focus when the stock market opens on Tuesday (March 05). The Board of Directors of the company has declared a stock split and a bonus issue for the eligible shareholders. The company has declared a stock split in the ratio of 1: 2 that means from one ₹2 per equity share into two equity shares of ₹1 each, and a bonus issue in the ratio of 1:1.

Exicom Tele Systems IPO: The listing date of the initial public offerings (IPO) of Exicom Tele-Systems Limited has been fixed on 5th March 2024 i.e. today. As per the information available on the BSE website, Exicom Tele Systems share price will be listed on BSE and NSE in a special pre-open session during Tuesday dealings.