Trade Financial News

Loop Capital initiated research coverage of Nvidia (NASDAQ:NVDA) with a Buy rating and a $1,200 price target, marking a new Street high.

While major indexes like the Nasdaq and S&P 500 have seen a relatively stagnant performance this week, several individual stocks have bucked the trend, achieving significant gains.

Prices and trading volume for the Ethereum NFT collection Moonbirds experienced a significant surge on Friday following the announcement of Yuga Labs’ acquisition of the collection’s intellectual property alongside creator Proof.

Indian stock market: Shares of Hazoor Multi Projects Ltd are one of the multibagger stocks that the Indian stock market has delivered in the recent few years. The real estate stock has risen from around Re 1 per share (29th March 2019) to ₹nearly 380 per share (16th February 2024), delivering around 38,000 percent return to its long-term positional investors. So, the penny stock has surged 381 times in the past five years turning ₹1 lakh of an investor to ₹3.81 crore in this small time, provided the investor had remained invested in this stock throughout this period.

“Nifty is now holding above the major put-based concentration of 21,800-21,900; if these levels are intact in the coming trading session then possibly we can see a target towards 22,300 in the continuation of this up move for Nifty spot,” said Rajesh Palviya of Axis Securities. Edited excerpts: What move are you expecting to see in the markets ahead? Also, what is your outlook on the broader indices? Nifty is comfortably trading above 21,850, which was the major supply area. And if we look at the weekly close, this is the highest weekly close which we are registering today on Nifty. Looking at the overall data setup, there was a short covering in earlier days and then was followed by the long built-up setup in Nifty, which clearly shows this momentum can extend further.

MCX Gold and Silver trading, understanding price patterns is crucial for informed decision-making. Three prominent patterns — heads & shoulders, double tops and double bottoms — offer valuable insights into potential price movements, aiding traders in navigating the dynamic precious metals market. Head & Shoulders The head & shoulders pattern typically signals a trend reversal from bullish to bearish. It consists of three peaks—the left shoulder, head, and right shoulder—where the central peak (head) is higher than the two shoulders. Traders can use this pattern to anticipate a downward price movement following the completion of the right shoulder.

The US State Department announced on Friday that a Panamanian-flagged tanker transporting crude oil destined for India, was targeted by a missile in the Red Sea. According to the State Department, the missile, originating from Yemen, struck the M/T Pollux on its port side. Prior to this, both the United Kingdom Maritime Trade Operations (UKMTO) agency and the British maritime security firm Ambrey had reported that a Panama-flagged tanker was allegedly hit approximately 72 nautical miles (133 km) northwest of Yemen’s port of Mokha.

Shares of Covid-favourite ITC are now under pressure amid discussions around BAT stake sale. In Friday’s session, the stock fell below the Rs 400-mark. “It has approached the upper band of a historical consolidation, which could potentially serve as support. In the short term, there might be a recovery towards Rs 440 and beyond. Support on the lower end is set at Rs 389, and if breached, the stock might face a further decline,” says Rupak De, Senior Technical Analyst at LKP Securities.

Farmers are blocking highways and holding demonstrations in many rural areas in northern India to protest over a range of grievances that have also led tens and thousands to march toward the capital

Hong Kong customs officials have arrested seven people linked to the territory's largest money laundering case on record, involving about $1.8 billion

Teri Baaton Mein Aisa Uljha Jiya Box Office collection Day 8: Shahid Kapoor and Kriti Sanon starrer Bollywood movie, Teri Baaton Mein Aisa Uljha Jiya has been seeing falling numbers over the last few days as it failed to retain steady momentum. Considering the film's collection on Day 8, the futuristic rom-com minted ₹2.7 crore net crore on February 16 which is a drop from what it earned on the previous day's ₹3 crore net, as per early estimates by industry tracker Sacnilk.

I told you that Smallcaps and Midcaps would continue their rally. The Nifty50 index rallied continuously for 5 months from March’23 to July’23. Since 2010, there have been only 4 instances where the index has rallied continuously for 5 or more months.

Buy or sell stocks: Following strong global market sentiments, the Indian stock market ended higher for the fourth day in a row on Friday. The Nifty 50 index shot up 129 points and finished at 22,040 level, the BSE Sensex surged 376 points and closed at 72,426 mark while the Bank Nifty index ended 165 points up at 46,384 level. In the broad market, both small-cap and mid-cap indices outperformed the key benchmark indices even as the advance-decline ratio remained firm at 1.56:1.

India at the 6th Regional Dialogue of Secretaries of Security Councils/National Security Advisers on Afghanistan, on Wednesday called for preventing Afghan territory from being used by the UNSC proscribed Lashkar-e-Tayyiba and Jaish-e-Mohammad. Cross-border terrorism was a key item on the agenda of the meet. Misri, according to sources, emphasised that Afghan territory should not be used for sheltering, training, planning or financing terrorist acts; specifically, terrorist individuals proscribed by the UN Security Council, including those belonging to the Lashkar-e-Tayyiba and Jaish-e-Mohammad. It is well established that any instability in Afghanistan is a threat to the whole region, he further noted. He also emphasised that India was and is an important stakeholder in Afghanistan and that it was imperative to have a ‘consensus’-based approach at both levels, regional and international.

JPMorgan Chase & Co. expects to pay more than $350 million to settle regulatory claims that it failed to feed information on trades into market surveillance systems.

MicroStrategy’s Bitcoin investment has soared beyond the $10 billion mark, owning over 190,000 BTC as Bitcoin’s value climbs past $50,000. This achievement underscores MicroStrategy’s confidence in Bitcoin’s long-term prospects and its utility as an inflation hedge.

Edited excerpts: So, first thing to say is we are at a historically high point and the bilateral relationship has never seen as much prospect and forward movement as we’ve right now. There are three underlying drivers that are driving this bilateral relationship. One, for the first time in our history, Australia and India have a very high level of strategic alignment.

World Trade Organization (WTO) to lower the cost of cross-border remittances for promoting international trade. In a submission made on Tuesday, New Delhi said one of the means to achieve cheaper, faster and more transparent and accessible cross-border payments including remittances is «promoting interoperability and interlinkages of digital payment infrastructures including fast payment systems». «Cost of remittance is an issue we have been raising. There is also a Sustainable Development Goal (SDG) on this,» said an official.

rare earth minerals, electronics and pharmaceuticals as critical sectors to secure them against any future supply chain disruption. The move comes ahead of the Supply Chain Resilience Agreement of the 14-member Indo-Pacific Economic Framework (IPEF) entering into force next week. As per the agreement, the member countries have to identify critical sectors and key goods for cooperation upto 120 days after the date of the entry into force. The agreement will enter into force on February 24, 2024.

Kalahridhaan Trendz IPO: Check GMP, subscription status on day 2, other key details to know The SME IPO raised over ₹11.94 crore from anchor investors on February 14, a day before it opened for subscription. Interiors & More Limited trades, imports, and sells artificial flowers. The company manufactures and trades quality artificial flowers, plants, and decor items for homes and offices.

(Corrects to remove word «Embargo» from headline)