Trade Financial News

interest rate cut in China failed to excite investors jaded at the lack of bigger stimulus measures. China's five-year loan prime rate was lowered by 25 basis points to 3.90%, bigger than the five to 15 bp cuts forecast by economists. The Shanghai Composite, however, fell 0.7% in early trade and blue chips fell 0.6%.

Sensex gained 281.52 points to close at 72,708.16, while the Nifty 50 settled 81.55 points, or 0.37%, higher at 22,122.25. Nifty 50 formed a small positive candle on the daily chart with upper and lower shadow. “Technically, this pattern indicates the formation of a high wave or doji type candle pattern.

Oil prices were little changed in early Asian trading on Tuesday, hovering close to three-week highs on heightened Middle East tensions and recovering China demand. Brent futures ticked down 8 cents to $83.48 a barrel by 0133 GMT. U.S. West Texas Intermediate (WTI) crude for April delivery inched down 10 cents to $78.36 a barrel. The March WTI contract rose 26 cents to $79.45 a barrel as traders prepared for that contract to expire during the day.

F&O ban list: A total of 11 stocks have been put under the ban for trade on Tuesday, February 20, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Indian equities that’s made them an investor favorite has run into headwinds that go beyond elevated valuations. Earnings misses, the attractiveness of rival markets amid expectations of a dovish policy shift by the Federal Reserve and a nascent recovery in Chinese equities are casting doubts over India extending a rally that saw the nation’s main gauges posting a record eighth straight year of gains in 2023.

Dividend stocks: Shares of Steel Authority of India Ltd (SAIL), Coal India Ltd, Apollo Hospitals Enterprise Ltd, MSTC Ltd, Power Finance Corporation Ltd, Aurobindo Pharma Ltd, Hindustan Aeronautics Ltd, Centum Electronics Ltd, Amrutanjan Health Care Ltd, Hikal Ltd, Majestic Auto Ltd, Precision Wires India Ltd, Refex Industries Limited, TCI Express Ltd, and Choice International Ltd will be in focus when the stock market opens on February 20 (Tuesday). The Board of Directors of these companies have declared interim dividend and bonus issue for their eligible shareholders. The record date by the 15 companies to ascertain the eligibility of shareholders for their respective issues have been fixed on February 20.

In the swirling vortex of cryptocurrency forecasts, the prediction by “Rich Dad Poor Dad” author Robert Kiyosaki that Bitcoin will soar to $100,000 by June 2024 captures both imagination and skepticism in equal measure.

 'Kudlow' panelists Kevin O'Leary, Kevin Hassett and John Carney discuss inflation, bank failures and credit card delinquencies.

rupee was the most stable emerging market currency in the past year amid global economic uncertainty. What are the factors that contributed to its relative stability? It is largely the narrowing current account deficit (CAD), besides robust economic fundamentals. Atmadip Ray explains how CAD influences the rupee movement and what are the consequences of a high deficit ratio. What is CAD? A country's current account is a calculation of the total value of goods and services imported and exported. If the value of goods and services imported exceeds the value of goods and services exported, then the current account turns into deficit mode. It considers the sum of trade balance and net income of companies from abroad. The current account deficit or surplus is expressed as a percentage of gross domestic product.

Small investors have started to ease back into crypto, even if they’re not yet rushing in headfirst the way they did during the last bull market three years ago.

Bajaj Finance. The index touched a record 22,186.65 points during the day, before closing 0.37% up at 22,122.25. Despite the benchmark making new life highs in a matter of weeks, analysts believe that valuations aren’t stretched and markets could continue to move up at a gradual pace from current levels.

Anticipation in the crypto markets is escalating, especially as we approach the next Bitcoin halving in April and the rising popularity of AI coins.

Spot Bitcoin (BTC) ETFs witnessed a substantial influx of approximately $2.3 billion last week, nearly doubling the previous week’s inflow of $1.2 billion.

₹40.68 crore from anchor investors from six anchor investors on February 16, by allocating 12,88,000 shares at ₹69 per share. Zenith Drugs Limited specialises in manufacturing and trading high-quality, affordable medicines, including generic drugs. Also read: Purv Flexipack IPO: Price band, issue size, GMP, key details to know Zenith Drugs Limited's revenue increased by 24.85 percent and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023.

Following two days of consecutive gains toward the end of last week, crude oil has begun the new week on a downward trajectory. Early in European trading, when this report was written, oil prices were showing a decline of about half a percent.

By Nell Mackenzie

By Natalie Grover

Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has entered into a long-term supply agreement for Liquefied Natural Gas (LNG) with Equinor, an international energy company headquartered in Norway. Equinor, erstwhile Statoil, will annually supply up to 0.65 million tonnes to DFPCL over a period of 15 years, beginning in 2026. The tie-up provides room for trading some LNG parcels in the growing LNG demands in India as well as accommodating DFPCL’s growing captive needs, the companies said. The LNG will be delivered to the west coast of India. DFPCL is at an advanced stage of tying up the re-gasification terminal with the gas pipeline grid connectivity to its plant's doorstep already in place.

When the world’s most valuable lithium company last year announced plans for a $1.3 billion plant in South Carolina, local officials hailed it as transformative for the Palmetto State. The high-tech project from Charlotte, N.C.-based Albemarle was designed to process different sources of lithium, including from recycled batteries, and serve as a supplier of the critical mineral for South Carolina’s burgeoning electric-vehicle industry. Less than a year later, those plans have been hobbled by a crash in battery metal prices, undercut by a slowdown in electric-vehicle sales growth in the U.S.

The head of the World Trade Organization says the body remains relevant and its leaders focus on reform “no matter who comes into power” as Donald Trump — who as U.S. president bypassed WTO rules by slapping tariffs on America’s friends and foes alike ...

Stocks that traded heavily or had substantial price changes on Friday: DoorDash, Treehouse Foods fall; Trade Desk, Toast rise