Trade Financial News

PM Modi retaining power after Lok Sabha elections. However, as investors are happy to overpay for weak business models in a few cases and unsustainably high profitability in others, there is only greed and no fear left in the market, said Sanjeev Prasad of Kotak Equities.

Investing.com-- Most Asian stocks rose on Friday tracking a strong lead-in from Wall Street, while Japan’s Nikkei 225 index extended its run of strong gains and was now trading within spitting distance of a record high.

Investing.com-- Most Asian currencies moved little on Friday and were set for a muted weekly performance as markets remained largely convinced that the Federal Reserve will not cut interest rates early this year.

Investing.com-- Gold prices moved little in Asian trade on Friday after retaking a key level as weak U.S. retail sales data spurred some doubts over when the Federal Reserve will begin cutting interest rates.

Coinbase (COIN) shares jumped more than 14% in Thursday’s extended-hours trading session after the largest U.S. cryptocurrency exchange reported quarterly earnings and revenue significantly above Wall Street expectations thanks to growth in transaction volumes.

Shree Cements Ltd. rose 0.61 per cent to Rs 26478.35 at 10:45AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 229 shares with a turnover of Rs 0.61 crore till 10:45AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 42.7, while the price-to-book value ratio stood at 5.07.

Infosys Ltd.(up 1.38 per cent), Tata Consultancy Services Ltd.(up 0.89 per cent), Wipro Ltd.(up 0.84 per cent), L&T Technology Services Ltd.(up 0.15 per cent) and MphasiS Ltd.(up 0.09 per cent) were among the top gainers.

Godrej Consumer Products Ltd. gained 0.74 per cent to Rs 1240.85 in Friday's trade. It hit a high of Rs 1246.25 and low of Rs 1231.55 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1048.44, while the 50-DMA was at Rs 1140.61. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Parag Milk Foods Ltd.(up 2.92%), Nakoda Group Of Industries Ltd.(up 2.86%), LT Foods Ltd.(up 2.55%), Umang Dairies Ltd.(up 2.29%), Dodla Dairy Ltd.(up 2.27%), Vadilal Industries Ltd.(up 0.83%), Heritage Foods Ltd.(up 0.82%), Emami Ltd.(up 0.81%), Prataap Snacks Ltd.(up 0.71%) and Hatsun Agro Products Ltd.(up 0.68%) were among the top gainers.

Lexus Granito(India)Ltd.(up 3.28%), Madhav Marbles & Granites Ltd.(up 2.48%), 20 Microns Ltd.(up 2.31%), MOIL Ltd.(up 0.53%), The Orissa Minerals Development Company Ltd.(up 0.53%), Coal India Ltd.(up 0.52%), Ashapura Minechem Ltd.(up 0.44%) and Pokarna Ltd.(up 0.02%) were among the top gainers.

₹208 crore and involves the construction of Blocks D1 & D2 (SEZ) at the Embassy Manyata Business Park Campus, Bangalore. With this new order, the total order book of the company as on date stands at ₹3,165 crore, as per the company's exchange filing. Also Read: Vibhor Steel Tubes IPO allotment to be out soon; GMP rises, steps to check Vibhor Steel IPO allotment status B L Kashyap & Sons Ltd.

₹890 . Sinec The BPCL share price is trading at close to ₹670 levels, the Jefferies target price for BPCL indicates more than 30% upside for the stock. Jefferies analysts said that range bound oil prices and government staying away from auto fuel pricing have seen Oil Marketing Companies rally 90-130% since October.

BSE. Gujarat Gas share price opened at ₹570.70 against the previous close of ₹580.85 and soon declined 6 per cent to hit the level of ₹546. Around 9:30 am the stock traded 4.27 per cent lower at ₹556.05 on the BSE.

Sovereign Gold Bond Scheme 2023-24: The new scheme of the Sovereign Gold Bond (SGB) 2023-24 which is popularly known as Sovereign Gold Bond 2024 opened on 12th February 2024. The new series of the SGB will remain open till 16th February 2024. This means investors have just one day in hand to apply for the Series IV of SGB. As per the Reserve Bank of India (RBI), the Sovereign Gold Bond Series IV price has been fixed at ₹6,263 per gram. However, an online applicant can save ₹50 per gram as the RBI has announced a ₹50 per gm discount for an online applicant.

PTI has reported. The next round of the talks is set to take place on Sunday i.e. on 18 February.

Sensex gained 227.55 points to close at 72,050.38, while the Nifty 50 ended 70.70 points, or 0.32%, higher at 21,910.75. Nifty formed a small body type candle at the highs with minor upper and long lower shadow. Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US retail sales to spike in oil prices “Technically, this pattern indicates a formation of doji type candle pattern.

-Bharat Bandh and farmers protest: Farmers' umbrella body Samyukta Kisan Morcha (SKM), along with central trade unions, have called for 'gramin bharat bandh', or nationwide strike today, February 16. This Bharat Bandh call will take place from 6 am to 4 pm amid ongoing ‘Delhi Chalo’ march that will mark its fourth day today to press the centre for farmers' demands relating to the agriculture sector, including a law guaranteeing Minimum Support Price (MSP) for crops.

Sensex gained 227.55 points, or 0.32%, to close at 72,050.38, while the Nifty 50 ended 70.70 points, or 0.32%, higher at 21,910.75. “With the end of Q3 result season, the focus is now shifting to fundamentals and economic macro data. Domestic equities are taking support from better-than-expected inflation which would keep the trend positive.

Buy or sell stocks for today: On account of strong global market sentiments, the Indian stock market ended higher for a third straight session on Thursday. The Nifty 50 index finished 70 points higher at the 21,910 level, the BSE Sensex surged 227 points and closed at the 72,050 mark while the Bank Nifty index shot up 310 points and ended at the 46,218 level.

F&O ban list: A total of 12 stocks have been put under the ban for trade on Friday, February 16, 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.

Dividend stocks: Shares of Oil and Natural Gas Corporation (ONGC), Emami, Torrent Power, Page Industries, JK Tyre & Industries, IRCON International, Sundaram Finance, Manappuram Finance, BEML, Siyaram Silk Mills, Dalmia Bharat Sugar and Industries, NLC India, JK Paper, Alkem Laboratories, Bajaj Consumer Care, Banco Products (India), Saven Technologies, Aarti Pharmalabs, Akzo Nobel India, Computer Age Management Services, Disa India, Firstsource Solutions, IOL Chemicals & Pharmaceuticals, J.B.Chemicals & Pharmaceuticals, Orient Cement, Shivalik Bimetal Controls, Triveni Turbine, Vidhi Specialty Food Ingredients, Mitsu Chem Plast, and Scanpoint Geomatics will be in focus when the stock market opens on February 16 (Friday). The Board of Directors of these companies have declared interim dividend and rights issue for their eligible shareholders.