Trade Financial News

29.02 / 12:55

markets BTC ETF Platform Trade Bitcoin Bitcoin Keeps Pushing Higher With $69K in Sight: Still Time to Join the Rally?

Bitcoin surged for the third consecutive day, approaching the $64,000 mark in early market trading today, marking its highest level since November 2021 as bulls continue their march toward all-time highs near $68,900.

29.02 / 12:48

Action Research trends Trade Experts track cover Nifty Bank climbs 46K; next resistance placed around 46,500: Experts

Nifty Bank index bounced back on Thursday to close above 46,100 levels tracking the positive trend seen in benchmark indices. It rose 157 points to close at 46,120 while the Nifty50 rose 31 points to close at 21,982. IndusInd Bank, Bank of Baroda, PNB, SBI, and ICICI Bank were top gainers while selling was seen in Bandhan Bank, HDFC Bank, and AU Small Finance Bank.

29.02 / 12:47

markets Provident Action security Research Trade show Tech View: Nifty giving non-directional signs. What should traders do on Friday

Nifty ended 32 points higher just above the 21-day Exponential Moving Average (21EMA). However, the prevailing sentiment appears somewhat negative from the current level. At the lower end, crucial support is positioned at 21,950; as long as the index maintains a position above 21,950, there is a possibility of witnessing a recovery. Nevertheless, a decline below 21,950 could potentially lead the index towards 21,800, said Rupak De of LKP Securities.

29.02 / 12:47

COST UPS CEO Enterprise Trade International International Game Technology to merge two units with Everi in $6.2-billion deal

International Game Technology said on Thursday it was separating its Global Gaming and PlayDigital businesses and combining them with gaming machine maker Everi Holdings in a deal valued at $6.2 billion, including debt. The deal follows a review of the two units and will leave IGT a pure-play global lottery business by separating its offerings such as land-based gaming, iGaming, sports-betting and fintech. The lottery business made up more than half of its overall revenue in the third quarter.

29.02 / 12:23

markets UPS Strategy trends Trade information strategies 5 hidden strategies to level up your equity trading as a beginner

stock market, navigating through terminology, and making informed investment decisions are essential steps in laying a strong foundation in equity trading. This comprehensive guide aims to provide beginners with the information and tools needed to kickstart their equity trading journey in India, covering everything from setting up a demat account to analysing stocks and developing trading strategies. Equity trading involves buying and selling shares of company stocks, essentially holding a stake in a company, and hoping for its success to drive appreciation in the value of the shares.

29.02 / 11:54

markets UPS Enterprise Trade hospital Updates Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index ended the session 31.65 points up at 21982.8, while BSE Sensex rose 195.42 points to 72500.3.

29.02 / 11:53

markets UPS WhatsApp Trade hospital Updates Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Benchmark NSE Nifty closed 31.65 points up at 21982.8 amid buying in frontline bluechip counters.

29.02 / 11:53

markets UPS Digital Trade Updates Pharmaceuticals Stock market update: Nifty Pharma index advances 0.32%

Shares of Alkem Laboratories Ltd.(up 2.75 per cent), Torrent Pharmaceuticals Ltd.(up 2.03 per cent), Biocon Ltd.(up 2.02 per cent), Glenmark Pharmaceuticals Ltd.(up 1.53 per cent) and Natco Pharma Ltd.(up 1.18 per cent) ended the day as top gainers in the pack.

29.02 / 10:25

UPS Digital economy Trade country electronic Need re-examination of customs duties moratorium on electronic transmissions: India at WTO meet

India on Thursday pitched for re-examination of the implications of the customs duties moratorium on e-commerce trade for developing and least developed member nations of the WTO. India is not in favour of further continuation of the moratorium of customs duties on e-commerce trade as it is impacting developing countries. The issue came up for discussion during a session of a work programme on e-commerce at the World Trade Organization's 13th Ministerial Conference, which entered its last day on Thursday.

29.02 / 10:21

markets Provident Target Action Trade Updates Profiles Potential for any re-rating delayed for Paytm, says UBS; still sees 25% upside in the stock – here's why

One 97 Communications (Paytm) have witnessed an almost 50 percent drop just in February as investor sentiment turned negative amid the RBI and Paytm Payments Bank Ltd (PPBL) saga. In a recent note, brokerage house UBS said it believes that any potential for a re-rating of Paytm based on profitability improvement has been delayed. It has retained a 'neutral' call on the stock and reduced its target price to ₹510 (from ₹650 earlier).

29.02 / 10:01

Trade performer reports 'The worst 12 calendar months in the history of Ruffer Investment Company'

According to the trust's half year report to 31 December 2023, this «disappointing year» stands as the «worst in the history of Ruffer», with the investment manager and chair Christopher Russell both noting this fact. Currently trading on a 5.4% discount, according to data from the Association of Investment Companies, the £994m trust is set to pay a 2p per share second interim dividend. Ruffer backs UK bond allocation despite performance drag Explaining the reasons behind the tough year, the managers wrote: «By far the most obvious reason to be bullish was that most investors were ...

29.02 / 08:59

markets UPS IPO Booking Trade band Exicom Tele Systems IPO: Issue subscribed 61 times so far on last day; retail portion booked 96x; check GMP, key details

BSE and NSE. Let us check Exicom Tele-Systems IPO subscription status, GMP and other key details: Exicom Tele-Systems IPO has been subscribed 61.35 times in total so far on Thursday, the third and the last day of the bidding process. The public issue received bids for 111.79 crore equity shares as against 1.82 crore shares on the offer, as per data available on NSE till 2:05 pm.

29.02 / 08:45

UPS security WhatsApp trends Trade Varun Beverages shares up 0.55% as Nifty drops

Varun Beverages Ltd. gained 0.55 per cent to Rs 1404.0 in Thursday's trade. It hit a high of Rs 1415.0 and low of Rs 1346.6 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1006.81, while the 50-DMA was at Rs 1320.58. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

29.02 / 08:45

UPS WhatsApp Trade show electronic reports Share price of BEL falls as Sensex gains 131.77 points

Bharat Electronics Ltd. dropped 0.46 per cent to Rs 204.75 at 01:54PM (IST) in Thursday's trade. The counter hit a high of Rs 205.6 and low of Rs 199.8 so far during the session. The stock had closed at Rs 205.7 in the previous session. The counter had a total traded volume of 01:54PM shares so far with a turnover of Rs 20.63 crore on BSE. The stock traded at a price-to-earnings multiple of 41.87 and a price-to-book ratio of 5.14.

29.02 / 08:31

markets UPS Sustainability Nestle trends Trade FMCG index down over 5% in 2024 YTD; will this negative trend continue?

Varun Beverages has gained the most, almost 12 percent, followed by Godrej Consumer, up 10.2 percent, Tata Consumer, up 8.7 percent and United Spirits, up 2.8 percent. However, Emami is the top loser in the index, down over 18 percent, followed by ITC, down 11.8 percent. Meanwhile, HUL, P&G Hygiene, Britannia, and United Breweries also lost between 6 and 9.5 percent.

29.02 / 08:31

markets COST Target Trade Experts recommendations ₹50 to ₹480: Multibagger stock Triveni Turbine rises 860% in four years. Motilal Oswal, Sharekhan see more upside

Stock to buy today: Triveni Turbine shares are one of the multibagger stocks that the Indian stock market has delivered in recent few years. In the post-COVID rally, Triveni Turbine share price has ascended from around ₹50 to ₹480 apiece level on NSE, delivering to the tune of 860 percent return to the bottom fishers. However, some brokerage firms still see some upside in this multibagger stock.

29.02 / 08:31

markets COST Target Booking wellness Trade reports PSU banks: Kotak Equities raises SBI share price target, downgrades Canara Bank and PNB

₹850 from ₹760 earlier, implying an upside of more than 14% from its previous close. Analysts at Kotak Institutional Equities do not see a specific tailwind that can cause a re-rating for SBI shares in the short term. However, they expect SBI to outperform other public sector banks, given the sharp convergence in multiples.

29.02 / 07:43

markets UPS Trade Bitcoin 2020 Soaring bitcoin set for biggest monthly jump since 2020

SINGAPORE (Reuters) — Frenetic activity in bitcoin put it on course for its biggest monthly gain in more than three years on Thursday and it is within range of a record high as cash rushing to listed bitcoin funds propels a sweeping rally.

29.02 / 07:43

markets Trade show stake Japan's SoftBank cuts stake in India's Paytm to under 3%

BENGALURU (Reuters) -Japan's SoftBank (TYO:9984) Group has further reduced its stake in beleaguered Indian payments firm Paytm to 2.83% from 5.01%, an exchange filing showed on Thursday.

29.02 / 06:47

COST Target CME Yellow Trade Gold Prices Gold prices move little as pre-inflation jitters, Fed comments weigh

Investing.com-- Gold prices kept to a tight range in Asian trade on Thursday, with traders remaining on the sidelines in anticipation of key U.S. inflation data that is expected to factor into the path of interest rates.

29.02 / 06:47

markets Trade Bitcoin performer track 2020 Dollar braces for US inflation reading, yen jumps on BOJ comments

By Tom Westbrook

Trade Financial News

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