Trade Financial News

MphasiS Ltd. gained 0.19 per cent to Rs 2644.6 at 11:31AM (IST) in Thursday's trade. The scrip has hit a high of Rs 2651.1 and low of Rs 2611.35 so far during the session. The stock had closed at Rs 2639.55 in the previous session. The counter has had a total traded volume of 2454 shares so far with a value of Rs 0.65 crore on the NSE. It traded at a price-to-earnings multiple of 31.9 and a price-to-book ratio of 4.27.

Bharat Forge Ltd. slipped 0.08 per cent to Rs 1151.2 in Thursday's trade as of 11:36AM (IST). It hit a high of Rs 1157.3 and low of Rs 1137.55 during the session. The stock quoted a 52-week high price of Rs 1330.0 and a low of Rs 744.0. The return on equity for the stock stood at 7.87 per cent. About 6,250 shares have changed hands on the counter so far.

GE T&D India Ltd.(up 2.90%), Jaiprakash Power Ventures Ltd.(up 2.02%), PTC India Ltd.(up 1.64%), Indo Tech Transformers Ltd.(up 0.89%), Tata Power Company Ltd.(up 0.50%), GE Power India Ltd.(up 0.15%), Adani Energy Solutions Ltd.(up 0.14%) and NTPC Ltd.(up 0.04%) were among the top gainers.

Vijay Shekhar Sharma's resignation as the part-time non-executive chairman and board member at Paytm Payments Bank did not cut much ice with the investors who preferred to sell shares in hordes. Around 10 am, nearly 42.78 lakh shares were trading on the NSE.

Bajaj Auto buyback: Bajaj Auto shares are trading ex-buyback today. As per the information shared by the Indian auto major with the Indian stock market exchanges, the board of directors of Bajaj Auto has fixed the record date for Bajaj Auto buyback on 29th February 2024 i.e.

Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, began Thursday's session on a flat note amid mixed global cues. BSE Sensex opened lower by 84.31 points or 0.12% at 72,220.57 level while the Nifty 50 opened at 21,935.20 level, down 16 points or 0.07%. “The market has suddenly turned unpredictable amidst high volatility.

Ambuja Cements Ltd. gained 0.07 per cent to Rs 590.0 at 10:15AM (IST) in Thursday's trade. The counter hit a high of Rs 594.35 and low of Rs 583.5 so far during the session. The stock had closed at Rs 589.55 in the previous session. The counter had a total traded volume of 10:15AM shares so far with a turnover of Rs 2.04 crore on BSE. The stock traded at a price-to-earnings multiple of 37.24 and a price-to-book ratio of 2.29.

The NSE Nifty index traded 10.46 points down at 21940.7, while BSE Sensex was up 30.35 points at 72335.23 as of 10:09AM(IST)on February 29.

Indian Hotels Company Ltd. gained 1.01 per cent to Rs 576.25 in Thursday's trade as of 10:10AM (IST). The stock hit a high price of Rs 577.75 and low of Rs 564.3 during the session. The return on equity (ROE) for the stock stood at 12.56 per cent. Traded volume on the counter stood at 10:10AM shares and turnover at Rs 0.77 crore around that time. The stock of Indian Hotels Company Ltd. quoted a 52-week high price of Rs 602.75 and 52-week low prices of Rs 302.3, respectively.

WTO) is the «top-most» priority. The appellate body of the system had been non-functional since December 2019 due to the blocking of the appointment of its members or judges by the US and this had called into question the WTO's overall credibility and the rules-based trade order it upholds. This was flagged by India during the working session on Dispute Settlement (DS) Reforms, at the World Trade Organization's (WTO) 13th Ministerial Conference here. Commerce and Industry Minister Piyush Goyal along with a high-level official team is attending the four-day conference which started on February 26.

On the BSE, City Crops Agro(down 16.16 per cent), Wires Fabrics(down 9.98 per cent), Jet Infraventure(down 9.91 per cent), Siel Financial(down 9.61 per cent) and Rudra Gas Enterprise(down 9.56 per cent) were among the stocks that plunged over 5 per cent during the session.

Brigade Enterprises Ltd.(up 3.33 per cent) were among the top gainers.

Investing.com-- Most Asian stocks moved in a flat-to-low range on Thursday in anticipation of more cues on U.S. interest rates from key inflation data, while Chinese markets rebounded from heavy losses in the prior session. 

State Duma lawmakers have signed off on a bill that will let Russian firms and their partners use the digital ruble and “digital assets” in international settlements.

US spot Bitcoin ETFs saw another all-time high in daily trading volume on Wednesday with $7.7 billion. BlackRock’s IBIT doubled its personal record on the third consecutive day with $3.3 billion in trading volume. Fidelity’s spot Bitcoin ETF also doubled its previous record with $1.4 billion trading volume on the same day, Bloomberg analyst James Seyffart reported.

The BSE Sensex was trading 30 points or 0.04% lower at 72,274. Nifty50 was trading at 21,910, down 40 points or 0.18% at around 9.23 am.

Mukka Proteins opens for subscription today. The issue, which closes on March 4, comprises fresh equity sale of 8 crore shares with no offer for sale component. Ahead of the IPO, the company raised Rs 67 crore from anchor investors. Mukka Proteins IPO review Most analysts gave a subscribe recommendation for the IPO from a long term perspective over fair valuations and unique business model.

Anand Tandon, Independent Analyst, says “in India, housing still remains something which is fairly attractive. To a large extent, it is a function of how much funding is available and while housing finance companies are an easier way to play realty in a more sustainable way, you could have bought some of the real estate companies. The way to play the sector is to buy housing finance companies and that still remains a good trade.” The Association of Mutual Funds in India has come out with a circular to the trustees of the mutual funds to protect interest of investors of smallcap and midcap schemes, indirectly cautioning them a bit with respect to the kind of froth that we are seeing in the smallcap, midcap space. Would you concur with the view that smallcaps are getting a lot more headier? Anand Tandon: Smallcaps have been valued higher than midcaps and largecaps for quite a while now.

India-Oman strategic partnership close on the heels of Sultan Haitham bin Tarik’s India trip, deputy national security adviser Vikram Misri visited Muscat to explore collaboration in different sectors including possible defence exports to the sultanate. During Misri’s visit, discussions were held on strategic, military and security cooperation including defence exports, and maintenance of Oman’s ports apart from cooperation in disaster management, oceanography and artificial intelligence, ET has learnt. The deputy NSA also met Gen Sultan bin Mohammed Al Nomani, minister of the Royal Office in Oman and a key figure in the country’s decision-making process. The two sides also gave a push to a bilateral trade deal which could be concluded in a record time.

investors for the IPO, Owais Metal and Mineral Processing is likely to finalise the share allotment process today. Investors can check the status of Owais Metal and Mineral Processing IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case. Follow the step by step process mentioned below to check the status of allotment.

Bitcoin headed for its biggest monthly gain in more than three years on Thursday and is within range of a record high as cash rushing to listed bitcoin funds propels a strong rally. The largest cryptocurrency by market capitalisation was firm in Asia morning trade at $62,000, having changed hands at as high as $63,933 overnight. Its monthly gain is more than 45%, the largest since December 2020.