Trade Financial News

LONDON (Reuters) — The total amount of money invested in bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021 as inflows to U.S. spot bitcoin exchange traded funds continued to support prices.

Silicon Valley entrepreneurs hate it when the audience gets bored, but they may need to elicit more yawns if they are to transform insurance. Enthusiasm for artificial intelligence continues to power the stock market, but it isn’t giving a second wind to companies committed to revolutionizing insurance through technology, or “insurtech." Shares in listed players such as Lemonade, Root and Hippo have been trading sideways. Meanwhile, global insurtech funding fell to $4.5 billion in 2023, a 44% decrease from the previous year, according to fresh data by reinsurance broker Gallagher Re.

NSE) on Wednesday announced that it will conduct a special live trading session on March 2, a Saturday, to test preparedness for handling unexpected disasters.

LONDON — TUI became the latest company to ditch its share listing in London, as shareholders voted overwhelmingly for the German travel giant to list solely in Frankfurt.

(Reuters) — U.S. stock index futures recovered some ground on Wednesday from a sharp sell-off in the previous session, as data showed inflation did not cool as expected, fanning uncertainty on the timing for the Federal Reserve's first interest rate cut in 2024.

(Reuters) -Canadian miner Barrick Gold (NYSE:GOLD) beat analysts' estimates for fourth-quarter profit on Wednesday, helped by robust gold production and higher prices.

Inflation swaps won again, with yesterday’s CPI report coming in at 3.1% y/y versus the median analysts’ estimates for 2.9%, while inflation swaps were looking at 3%.

Investing.com -- U.S. stock futures tick up after a negative day on Wall Street fueled by a hotter-than-predicted U.S. inflation data that led markets to recalibrate their bets on Federal Reserve interest rate cuts. Lyft (NASDAQ:LYFT) shares go for a bumpy ride following an erroneous press release from the ride-hailing group, while Sony (NYSE:SONY) confirms a plan to list its financial services division.

By Joice Alves

Indiamart Intermesh, an online B2B marketplace, with a 'buy' tag, setting a target price of ₹3,400 apiece, which implies a 26% upside from the stock's current trading price. Additionally, in a bull case scenario, the brokerage sets an even higher target price of ₹3,820 for the stock. The brokerage's bullish outlook stems from the company's strong position in the online B2B classified segment, potential revenue growth driven by the rise in digital penetration among SMEs, and reasonable valuations.

Adani Green Energy rose nearly 4% on Wednesday's trading session to ₹1,882 on BSE. The recent surge in the stock can be attributed to two key factors: the upward revision by Moody's and the operationalization of a 51 MW solar capacity in Gujarat.

Narendra Modi on Wednesday met his UAE counterpart Sheikh Mohammed bin Rashid Al Maktoum, and discussed a wide range of areas of bilateral cooperation including trade and investment. «Strengthening India-UAE Comprehensive Strategic Partnership! PM @narendramodi met VP & PM of UAE @HHShkMohd in Dubai. Discussions covered a wide range of areas of bilateral cooperation including trade & investment, technology, education, and people-to-people ties,» said a post on the official X handle of the Ministry of External Affairs (MEA). In another meeting with Madagascar President Andry Rajoelina, Modi reaffirmed India's commitment to further strengthen India-Madagascar partnership and help in the developmental journey of his island nation. A first meeting between the two leaders, Modi and Rajoelina met on the sidelines of the World Governments Summit here.

Chinese ‘Dragon Mart’ facility. It will serve as a warehousing facility for Indian MSMEs to trade in Dubai and work as a unified platform for Indian exporters to showcase their products in the Gulf nation. Like Dragon Mart, India's Bharat Mart is still in the conceptual stages and will be visually launched.

₹130.60 apiece in today's trade. Investors responded positively to the company's performance in the December quarter, released after market hours on Tuesday. NBCC posted a 59% improvement in its consolidated net profit at ₹113.56 crore.

₹396 apiece on the BSE, a discount of 4.35% to the issue price of ₹414 per share. On NSE also, the stock began trading with a discount of 4.35% at ₹396 apiece. However, soon after the listing, Jana Small Finance Bank shares succumbed to selling pressure and declined over 7% from listing price.

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The notional open interest, which represents the dollar value locked in active Bitcoin (BTC) futures contracts, has surged to its highest level in more than two years.

Non-Convertible Debenture (NCD) IPOs. Investors must understand NCD IPOs and how they differ from equity IPOs. NCDs are corporate debt instruments similar to bonds, but unlike bonds, they cannot be converted into equity shares.

Adani Green Energy Limited (AGEL) is planning to develop a 30 GW renewable energy plant with a colossal plan in Khavda, India. The project is, poised to be the world's largest upon completion, and is expected to generate a staggering ~81 billion units of electricity annually, enough to power 16.1 million homes and prevent a whopping 58 million tonnes of CO2 emissions each year. AGEL plans on expanding its operational portfolio to 9,029 MW and total portfolio to a commanding 20,844 MW.

Nilesh Shah, MD of Kotak Mahindra AMC says there are mixed signals in the market for various segments. While there is a green signal for large caps, there are red signals for micro, mini-caps and SMEs. In an interview with Mint, Shah recommends investors should maintain a neutral allocation to equity with a long-term view while keeping some cash to increase exposure when valuation is cheaper.

National Aluminium Company (NALCO) share price gained more than 8% during the intraday trades on Wednesday following strong Q3 performance reported by the company. During the December quarter NALCO, the Navratna PSU saw its net profit rise 78 % to ₹488.47 Crore compared to ₹273.85 crore in the year ago quarte Crore in the previous quate year-ago quarter. Notably the net profit rose 137% over ₹206 crore reported by NALCO in the previous quarter.