Trade Financial News

Infibeam Avenues, a fintech firm, saw its shares gain 10% to ₹37.90 apiece in today's (Monday) intraday trade after the company announced an investment of $10 million for the acquisition of a 20% strategic stake in XDuce, a renowned enterprise application and AI development company based in the United States. With headquarters in New Jersey, USA, XDuce has a team of over 150 software developers in the US, servicing some of the marquee Wall Street and insurance clients in North America.

Gurugram, 23rd February, 2024: With the threat of climate change increasing by the day, green power has become the need of the hour. Across various industries, there is a growing recognition of the importance of transitioning to renewable energy sources to mitigate environmental impact and work towards achieving net-zero emissions goals. To bring India a step closer to procuring green power, BluSmart, India’s largest born-electric, fully integrated eMobility ride-hailing services and EV charging infrastructure network, proudly announces a multi-year Power Purchase Agreement (PPA) with Tata Power Trading Company Ltd.

₹1,140. However, it subsequently endured a substantial downturn, plummeting by almost 300 points, constituting a significant 26 per cent decline. Presently, the stock seems to have discovered a level of support within the bracket of ₹840-900, suggesting a potential stabilization in its price movement.

Investing.com-- Most Asian stocks retreated on Monday as persistent concerns over higher-for-longer interest rates sparked some profit-taking in technology stocks, while Japanese markets scaled new record peaks ahead of key inflation data.

Investing.com-- Gold prices retreated in Asian trade on Monday, remaining well within a recent trading range as anxiety over higher-for-longer U.S. rates grew in anticipation of key economic readings. 

Investing.com-- Most Asian currencies fell on Monday, while the dollar regained some ground as investors hunkered down before a barrage of cues on interest rates and U.S. inflation due later this week. 

Russian parliament members could this week approve legislation that will allow firms in the nation to use “digital financial assets” in the international payments space.

Asian shares are mostly lower, although the Tokyo stock markets touched another record high in morning trading

Juniper Hotels just managed to scrape over the finish line with an overall subscription of 2.08 times on the third day of the bidding process. The issue, which closed on Friday, was fully booked in the retail and QIB portions, but NIIs were a let down. The share allotment for the public offer is expected to be finalised today. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.

Kotak Mahindra Bank with a target price of Rs 2,050, while Morgan Stanley recommended an Equal Weight on SBI Cards, JPMorgan has a neutral rating on GAIL India and BofA maintained a buy rating on Embassy Office Parks Ltd. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

The BSE Sensex was trading 196 points or 0.27% lower at 72,946. Nifty50 was trading at 22,158, down 55 points or 0.25% at around 9.20 am.

Juniper Hotels IPO: After the end of bidding on Friday last week, applicants are eagerly waiting for finalization of share allocation. In the wake of the T+3 listing rule becoming mandatory from 1st December 2023, Juniper Hotels IPO allotment date is most likely today. After the annoucement of share allocation, applicants would be able to check Juniper Hotels IPO allotment status online by logging in at the BSE website or at the website of official Juniper Hotels IPO registrar KFin Technologies Ltd.

Indian stock market today: After showing an excellent upside recovery from the lows on Thursday, the Indian stock market shifted into a range-bound action for the whole session on Friday and closed in the red territory. After climbing to a new all-time high of 22,297, the Nifty 50 index went off 4 points and closed at the 22,212 level, the BSE Sensex slipped 15 points and ended at the 73,142 mark while the Bank Nifty index lost 108 points and finished at 46,811 level.

Article 370 Box Office Collection Day 3: Yami Gautam’s starrer Bollywood movie, Article 370, was released alongside Vidyut Jamwal’s action thriller film Crakk on Friday, February 23. On Day 3 as well, the movie managed to outnumber Crakk which amassed ₹2.4 crore net on its first Sunday. According to estimates by industry tracker Sacnilk, the film managed to rake in ₹22.8 crore net within its three-day run in theatres.

Sensex eased 15.44 points to close at 73,142.80, while the Nifty 50 ended 4.75 points, or 0.02%, lower at 22,212.70. Nifty 50 formed a small negative candle on the daily chart at the new highs. “Nifty is currently placed at the previous broken resistance area of 22,200 levels.

Sensex eased 15.44 points, or 0.02%, to close at 73,142.80, while the Nifty 50 ended 4.75 points, or 0.02%, lower at 22,212.70. “This week, the market might take a pause ahead of various global economic data releases. US would be reporting its Q4 GDP numbers along with Initial jobless claim, PCE data and Consumer Confidence for the month of February.

In an eerie echo of the protectionist 1930s, globalization has been in retreat this decade amid a fast deepening geopolitical divide. This explains feeble expectations of anything multilateral. So too of the 13th ministerial conference of the World Trade Organization (WTO) being held in Abu Dhabi.

Motilal Oswal Financial Services Ltd. (Read the full story here.)Sensex Today Live : While Gift Nifty futures was trading marginally ahead of Friday's Nifty close, volatility in the Asian markets indicated that the Indian benchmark indices could be muted on Monday, February 26.At 7:45 am on Mondat, Gift Nifty futures, at 22,224.50, was ahead of Friday's Nifty 50 close of 22,212.70Asian shares were taking a breather near seven-month highs on Monday as investors awaited inflation data from the United States, Japan and Europe that will help refine expectations for future rate moves.Oil edged lower after a weekly drop as traders awaited a fresh raft of clues about global crude demand and balances in March and beyond.Brent dipped toward $82 a barrel after losing more than 2% last week, with US counterpart West Texas Intermediate above $76.Spot gold was down 0.3% at $2,030.9 per ounce, as of 0100 GMT.

Buy or sell stocks in Indian stock market today: After showing an excellent upside recovery from the lows on Thursday, the Indian stock market shifted into a range-bound action for the whole session on Friday and closed in the red territory. After climbing to a new all-time high of 22,297, the Nifty 50 index went off 4 points and closed at the 22,212 level, the BSE Sensex slipped 15 points and ended at the 73,142 mark while the Bank Nifty index lost 108 points and finished at 46,811 level.

trade ministers gather at the World Trade Organization summit in Abu Dhabi this week, one of the villains will, as usual, be India. And, certainly, there’s some justice to the complaint that Indian negotiators are far too ready to block consensus at such confabs unless granted concessions on their own priorities. Saying “no” often comes too easily to them. But those priorities need to be viewed in the context of India’s fiendishly complicated domestic politics. This is a country the size of a continent, and achieving internal consensus on a drastic shift in policy is as hard — or harder — than getting agreement at the WTO. Prime Minister Narendra Modi is the strongest, and most popular, leader India has had in decades. But he has always been particularly careful not to provoke widespread protests against his decisions. Although he hates to retract policies after investing political capital in them, he has twice in the past decade withdrawn legislation that enraged some of India’s farmers — a law early on in his tenure that would have made it easier to acquire agricultural land for industry, and a package of reforms in 2021 meant to liberalize India’s complicated farm subsidy system.

Investing.com-- Japan’s Nikkei 225 index opened at record highs on Monday, extending a strong run from last week as investors piled into local stocks amid hype over artificial intelligence and the prospect of ultra-low interest rates.