Trade Financial News

₹46.80 in December 2023 to currently trade at ₹24.13, implying a decline of as much as 48.4 percent. An investment of ₹1,00,000 in December last year would have decreased to ₹51,600 now. The stock has already shed 9.5 percent in February so far, extending losses for the third straight month.

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Shares of Nuvama Wealth Management (formerly Edelweiss Securities) zoomed 14 per cent in morning trade on Wednesday, a day after the firm said its net profit has almost doubled in the December quarter. On the BSE, the scrip of the company rallied 13.96 per cent to Rs 3,887.65 apiece. The stock of Nuvama Wealth jumped 13.36 per cent to Rs 3,866.35 per piece on the NSE.

Adani Green Energy Limited (AGEL), has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid, the company said today. AGEL achieved this milestone within 12 months of commencing work on the Khavda RE (renewable energy) park, starting with the development of basic infrastructure, including roads and connectivity, and creating a self-sustaining social ecosystem. AGEL also transformed the challenging and barren terrain of the Rann of Kutch into a habitable environment for its 8,000-strong workforce. AGEL plans to develop 30 GW of renewable energy capacity at this RE park. The planned capacity is expected to be operationalized in the next five years. When completed, the Khavda RE park will be the largest renewable energy installation in the world, the company said, adding that energy from the Khavda RE park can power 16.1 million homes each year.

Adani Green Energy (AGEL) shares rose nearly 4% to Rs 1,882 in Wednesday's trade on BSE after the firm said that it has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid. «AGEL achieved this milestone within 12 months of commencing work on the Khavda RE park, starting with the development of basic infrastructure, including roads and connectivity, and creating a self-sustaining social ecosystem. AGEL also transformed the challenging and barren terrain of the Rann of Kutch into a habitable environment for its 8,000-strong workforce,» the company said in a BSE filing.

The Body Shop, the British beauty and cosmetics retail chain, says it's appointed insolvency administrators after years of financial struggles

It turns out there are actually a lot of sharp elbows in the plush toy business

Stocks that traded heavily or had substantial price changes on Tuesday: Hasbro, Goodyear fall; JetBlue Airways, TripAdvisor rise

Shares of JetBlue are up more than 18% in Tuesday afternoon trading as activist investor Carl Icahn took an almost 10% stake in the airline

Airbnb says that it lost $349 million in the fourth quarter because of an income tax settlement with Italy

Two years after Thailand made pot legal, the country appears set to crack down on its freewheeling drug market with a ban on “recreational” use

As of Wednesday, Bitcoin’s trading value slightly declined to $49,540, marking less than 1% decrease. This fluctuation comes amidst a backdrop of significant developments within the crypto space and broader financial markets. Notably, recent reports from the Financial Crimes Enforcement Network (FinCEN) highlight the challenges of cryptocurrency misuse in illegal activities, casting a shadow over Bitcoin’s broader acceptance.

Robinhood on Tuesday revealed that about 5% of its total crypto trading activity originates from recently introduced spot Bitcoin ETFs.

₹339.50 per share, 9.16% higher than the issue price of ₹311. On BSE, Rashi Peripherals share price today was listed at ₹335 apiece, up 7.72% than the issue price.

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Paytm Payments Bank, shares of One 97 Communications on Wednesday tumbled up to 9% to day's low at Rs 344.90 on BSE. In the last 10 trading days since the RBI ban was announced, the stock has lost about 55% of its value or Rs 26,000 crore in market capitalisation. Global broking firm Macquarie, which has shared a love-hate relationship with Paytm stock, has downgraded the new-age stock to underperform with a target price going as low as Rs 275.

Jana Small Finance Bank debuted with a discount of 4.35% on the exchanges on Wednesday. The stock listed at Rs 396 on BSE as against an issue price of Rs 414. Ahead of the listing, the company's shares traded with a premium of Rs 30 in the unlisted market.

World markets today: US stocks sink after inflation data dampens rate cut hopes; Dow, S&P 500, Nasdaq dip over 1% "Investors can look to exit the stocks (fully or partly) from their portfolio: (i) where they did not have conviction, but bought based on external recommendation, (ii) where they have made good profits on stocks which were bought based on their study and conviction, (iii) where the weight of the stock in their portfolio has risen too much and by rebalancing they can bring their weight to appropriate levels," said Deepak Jasani, Head of Retail Research, HDFC Securities. Shrey Jain, Founder and CEO of SAS Online suggests traders worried about their portfolios need to dump high beta stocks.

the semiconductors that power the digital economy have proven trickier to master. That has been the source of much anxiety among its political and business elites in recent years. America’s decision in 2022 to halt exports to the country of its whizziest chips and chipmaking tools brought into stark relief the chokehold of China’s geopolitical rivals over the industry.

Also Read: US consumer inflation reduces to 3.1% in January Currently, the Federal Reserve is maintaining interest rates at their highest level in over two decades, aiming to gradually restore inflation to the targeted 2% rate over the long term. Since March 2022, the US central bank has increased its policy rate by 525 basis points to the current range of 5.25% to 5.50%. As concerns over potential Federal Reserve interest rate cuts heightened due to the significant inflation figures, major equity markets globally concluded Tuesday's session in the red.

Capital Small Finance Bank debuted with a discount of 7% on the exchanges on Wednesday. The stock listed at Rs 435 on BSE as against an issue price of Rs 468. Meanwhile, the stock listed at Rs 430.20, down 8% on NSE. Ahead of the listing, the company's shares traded flat in the unlisted market.