Trade Financial News

By Vikas Madhukar and Vani Aggarwal

Info Edge fell 3% on Saturday to the day's low of Rs 5,131.75 on the NSE after the Naukri.com operator informed the exchanges about Google's decision to remove/delist the company's mobile applications, including Naukri.com and 99acres from the Google Play Store. The company in its filing to the exchanges said that Google's decision comes as a surprise since this action was taken without giving due and sufficient notice to Info Edge.

Algo trading is nothing but a series of commands defined by experts to execute a buy/sell order with predefined conditions.

Suven Pharmaceuticals on Saturday jumped another 5% to take the two-day gain to 15% on announcing a merger with Cohance Lifesciences, which will make the joint entity a leading integrated CDMO player in India and globally. After the merger becomes effective, all shareholders of Cohance will be issued shares of Suven at the ratio of 11 shares of Suven for every 295 shares of Cohance, based on the swap ratio. The new shares of Suven will be traded on the NSE and BSE.

₹3.20 per kg of wheat or rice as subsidy The permanent peace will remain in force until a permanent solution is agreed upon. India, along with other G-33 members, successfully opposed linking public stockholding of grains to broader agricultural trade reforms, preserving their right to support their agricultural sectors without facing legal challenges in the WTO's dispute system.

By David Randall

Conagra Brands' sale of a 51.8% stake in Agro Tech Foods at a 48% discount to the market price and the subsequent mandatory open offer at a 43% discount to Thursday's closing price have raised eyebrows on Dalal Street. Market participants were surprised by this move, likening the decision to suggest that certain midcap stocks are either significantly overvalued or face underlying hidden challenges. On Thursday, Conagra announced the sale of a 51.8% stake in Agro Tech at ₹515 per share, despite the market price being above ₹1,000 apiece. The mandatory open offer of 26% to the public shareholders was set at ₹578 apiece, representing a discount of 43% from Thursday's closing price and a discount of 17% from the average price of the stock over the past year. The stock locked in a 20% lower circuit on Friday to close at ₹804.15.

special live trading session in the equity and derivatives segments through their disaster recovery site to check the preparedness in case of an emergency. Also Read: Sensex Today | Share Market Live Updates : Gifty Nifty builds on Friday's record-high close; Indicates strong start On Friday, the Indian stock market indices hit their record highs and ended with strong gains buoyed by strong domestic GDP data.

Day trading guide for Indian stock market today: The impressive real Q3 GDP numbers of India provided the ammunition to the bulls to catapult key benchmark indices of the Indian stock market to all-time highs. The Nifty 50 index gained 355 points and closed at the 22,338 level, the BSE Sensex shot up 1245 points and ended at the 73,745 mark whereas the Bank Nifty index finished 1166 points higher at the 47,286 level. The Indian stock market (equity and F&O) will remain open today as a part of the framework for the business continuity plan and disaster recovery site for stock exchanges and depositories and would involve an intraday shift from the primary to the disaster recovery site.

Equity markets had a strong start to March, with indices scaling to record highs. In Saturday's trade, shares of Jio Financial, Paytm, Axis Bank, Torrent Power, among others, will be in focus due to various news developments.

global market cues from Wall Street. The Indian equity market will remain open on Saturday, March 2, as the stock exchanges will conduct a special live trading session in the equity and derivatives segments through their disaster recovery site. The trends on Gift Nifty also indicate a positivestart for the Indian benchmark index.

Piyush Goyal affirmed India's successful navigation through critical issues, safeguarding the interests of the nation's farmers and fishermen, at the 13th World Trade Organisation (WTO) Ministerial Conference. Emphasisng the importance of securing their well-being, Goyal stated, «I think that India has successfully delivered on the issues that were our role and has achieved the outcomes that we expected.» The Union Minister underscored the primary objective of shielding the agricultural and fisheries sectors from any adverse consequences. «Our objective was that our farmers and our fishermen should not face any kind of harm, no crisis should come, and in that, we successfully did not allow any such decision to be taken that would harm any farmer or fishermen,» he added.

WTO ended here without any decision on permanent solution for public stockholding of food, and members’ inability to reach a consensus on fishery subsidies. However, the WTO extended the moratorium on ecommerce transmissions by two years. The MC13 was supposed to end on February 29 but was extended by a day as countries failed to reach common ground on food security issue, India’s key demand. The meeting of the highest decision making body of the WTO entered the fifth day on Friday with key members including India, the US and EU holding talks to iron out differences on issues such as agriculture, fisheries subsidies, WTO reforms and duty moratorium on e-commerce trade.

Buy or sell stocks for today: The impressive real Q3 GDP numbers of India provided the ammunition to the bulls to catapult key benchmark indices of the Indian stock market to all-time highs. The Nifty 50 index gained 355 points and closed at the 22,338 level, the BSE Sensex shot up 1245 points and ended at the 73,745 mark whereas the Bank Nifty index finished 1166 points higher at the 47,286 level. The Indian stock market (equity and F&O) will remain open today as a part of the framework for the business continuity plan and disaster recovery site for stock exchanges and depositories and would involve an intraday shift from the primary to the disaster recovery site.

Special Trading Session: The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will hold a special live trading session today (Saturday, March 2) to assess the resilience of their disaster recovery systems. Special trading session is part of the framework for the Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) management system.

By Emma Farge

Amid a volatile market landscape, the quest for accurate Bitcoin price predictions becomes increasingly pertinent as Bitcoin (BTC/USD) experiences a notable downturn. Despite the current fluctuations, Bitcoin, the cryptocurrency market’s bellwether, reveals resilience and underlying momentum.

By Emma Farge and Rachna Uppal

The crypto market has shifted into high gear in the past few days – and some coins have gone on absolutely ballistic rallies. Following a significant announcement to change its governance structure, Uniswap ($UNI) exploded upwards by over 40% in just one hour, making it one of the best altcoins in this already bullish crypto market.

TLDR:

On Thursday, a crypto trader lost $70,000 in mere seconds on the Binance crypto exchange to a hacker.