Trade Financial News

ICICI Prudential Life Insurance Company Ltd. gained 1.42 per cent to Rs 522.0 in Tuesday's trade as of 11:16AM (IST). The stock hit a high price of Rs 523.0 and low of Rs 509.9 during the session. The return on equity (ROE) for the stock stood at 8.09 per cent. Traded volume on the counter stood at 11:16AM shares and turnover at Rs 0.53 crore around that time. The stock of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high price of Rs 615.55 and 52-week low prices of Rs 380.95, respectively.

Crompton Greaves Consumer Electricals Ltd. traded 0.03 per cent down at Rs 290.05 at 11:11AM (IST) on Tuesday, even as BSE benchmark Sensex gained 47.26 points to 72755.42. The scrip had closed at Rs 290.15 in the previous session. The stock quoted a 52-week high price of Rs 327.8 and 52-week low of Rs 251.25, respectively. As per BSE data, total traded volume on the counter till 11:11AM (IST) stood at 26105 shares with a turnover of Rs 0.76 crore.

EID Parry(India)Ltd.(up 5.92%), Sakthi Sugars Ltd.(up 5.23%), KCP Sugar & Industries Corporation Ltd.(up 4.84%), Bajaj Hindusthan Sugar Ltd.(up 3.75%), Dalmia Bharat Sugar and Industries Ltd.(up 3.73%), Shree Renuka Sugars Ltd.(up 3.36%), Ponni Sugars(Erode)Ltd.(up 3.23%), Bannari Amman Sugars Ltd.(up 3.20%), Ugar Sugar Works Ltd.(up 3.15%) and Simbhaoli Sugars Ltd.(up 2.86%) were among the top gainers.

Godrej Consumer Products along with one of its wholly owned subsidiaries has entered into an agreement for divesting its entire stake in wholly owned subsidiary viz. Godrej East Africa Holdings Limited, Mauritius to HKG Africa Weave Ltd for $3.5 million. Upon the completion of the deal, Godrej East Africa Holdings along with its step down subsidiaries viz.

dollar rags-to-riches story of Indian PSU stocks is leaving mutual fund managers with no option but to join the party even if they are late than momentum-chasing retail investors. The ownership of PSUs in mutual funds has just crossed a 3-year high and looks poised to break the levels seen during the 2019 and 2014 Lok Sabha elections. The first leg of MFs chasing PSU stocks, which was in sync with global revival in value trade, began in 2021-2022 but was restricted to few largecap PSU stocks only.

airlines’ biggest trade group implored oil producers to make more low-emissions aviation fuel, warning the future of commercial air travel depends on the industry’s successful decarbonization. Sustainable aviation fuel is the best available tool for cutting emissions, International Air Transport Association Director General Willie Walsh said at an aviation summit in Singapore Monday. Demand for the cleaner-burning fuel far outstrips supply, even though it can cost three to five times more than conventional jet fuel. “Every bit of fuel that gets produced would be used because this is an existential issue,” Walsh said. “This industry will not be allowed to grow unless we can prove to our customers, regulators, governments, people in general, that we can grow in a sustainable manner.”

The NSE Nifty index traded 52.71 points down at 22069.55, while BSE Sensex was down 114.04 points at 72594.12 as of 09:59AM(IST)on February 20.

Listed brokerage and trading platform Angel One Ltd. has appointed Meenal Maheshwari Shah as Group General Counsel. An alumnus of ILS Law Collage Pune from the 2010 batch, Maheshwari started her career with the law firm Khaitan & Co. as an associate. Subsequently, she also joined the Chambers of Mr Snehal Shah as counsel. Also, she joined the private equity investment arm of Bennett, Coleman, and Company Brand Capital India as Senior Legal Counsel.

cocoa market I was in Yamoussoukro, the colossal capital city of Ivory Coast. “The problem with cocoa is that’s a poor man’s crop,” explained my dining companion, a government official-turned-businessman. “Do you see any commercial plantation around here? No,” he said. “And do you know why? Because prices aren’t high enough.” Only because millions of West African farmers saw cocoa as their only way to escape abject poverty, the world had plentiful supply and low prices. As a result, you and I have been enjoying the pleasures of chocolate on the cheap for decades.

Zee Entertainment Enterprises Ltd. rose 4.03 per cent to Rs 185.85 in Tuesday's trade. It hit an intraday high of Rs 192.0 and low of Rs 185.1, respectively, during the day. The stock quoted a 52-week high price of Rs 299.5 and low of Rs 152.5.

₹518.65 apiece on BSE and touched an intraday high of ₹546 and a low of ₹512.50 apiece. According to analysts, recently Deepak Fertilisers share price saw a strong sell-off and significantly underperformed the broader markets; however, in today's session, we have seen a gap-up opening and follow-up buying in the initial few minutes of trade.

Houthi attacks on merchant shipping continue to disrupt international trade, driving more cargoes to Asia. Flows to the European Union and the UK plunged as higher freight costs stoked by the ongoing turmoil in the Red Sea, as well as unplanned refinery maintenance in Asia, made trade economics better for sending cargoes east rather than west.

Chandigarh mayoral polls and video recording of the counting process on Tuesday after raising deep concerns over horse trading and dismissing fresh polls. The top court said it may consider the declaration of results based on votes already cast.

Kotak Mahindra Bank has elevated KVS Manian as Joint Managing Director (JMD) of the Bank replacing ex-JMD Dipak Gupta, and Shanti Ekambaram as Deputy Managing Director (DMD) from March 1. Meanwhile, there were reports suggesting that Manian could be one of the candidates for the MD & CEO post at Federal Bank, due to be vacated in September 2024.

Stock market today: On account of the participatory rally in majority segments, the Indian stock market ended higher for the fifth straight session. The Nifty 50 index hit a new high of 22,186 before ending at 22,122 level. The BSE Sensex shot up 281 points and closed at the 72,708 mark while the Bank Nifty index added 150 points and ended at 46,535 level.

₹1,280 against the previous close of ₹1,331.20 and soon fell 4.7 per cent to hit the low of ₹1,268. Around 9:30 am, the stock traded 2.73 per cent lower at ₹1,294.90 on NSE. Whirlpool of India's promoter, Whirlpool Mauritius Ltd, will sell a 24 per cent stake worth $451 million ( ₹3,745 crore) in the company through a block deal on Tuesday, as per a term sheet reviewed by Mint.

Read the full story here.)The domestic equity market indices, Sensex and Nifty 50, are expected to open on a flat note on Tuesday tracking mixed global market cues.Asian markets traded mixed as China’s central bank cut the benchmark five-year loan prime rate for the first time since June. The US stock futures were muted amid lack of fresh triggers.Meanwhile, investors now eye the minutes from the US Federal Reserve’s January policy meeting due on Wednesday for more clues on its interest rate cut timing.

Sensex rose 281 points to settle at 72,708 and the broader Nifty closed at its all-time high of 22,122 points. Stocks that were in focus included names like Novartis India, which rose 15.44%, Global Health, which fell 2.9%, and YES Bank, whose shares declined 4.58% on Monday.

Russia’s Sokol crude — meant for delivery to India — are sitting on tankers idling off the coasts of Malaysia and South Korea. They show little sign of moving. Twelve tankers are anchored, holding the key Russian crude grade. Most haven’t moved far for more than a month, vessel tracking data compiled by Bloomberg show. The build-up started when ships carrying the crude to ports around the Indian coast came to a halt late last year and then turned back towards the South China Sea as December drew to a close. Since then, the stranded shipments have been added to at a rate of about two new cargoes a week.

Sensex gained 281.52 points, or 0.39%, to close at 72,708.16, while the Nifty 50 settled 81.55 points, or 0.37%, higher at 22,122.25. “Despite an unattractive risk reward, the broader market continued its outperformance in expectation of improvements in private capex and optimism about political stability. Benign input costs and expectations of a pickup in rural demand will aid corporate earnings growth.

Gold prices edged down in early Asian hours on Tuesday, pressured by a slightly stronger dollar and elevated treasury yields, while traders also awaited for further cues from the minutes of the U.S. Federal Reserve's last meeting.