Trade Financial News

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Former U.S. President Donald Trump has launched yet another series of digital collectibles, sparking controversy in the cryptocurrency community.

(Reuters) — IRobot shares slumped 36% in premarket trading on Friday after a report the European Union antitrust regulator was planning to block Amazon.com (NASDAQ:AMZN)'s $1.4 billion buyout of the Roomba vacuum maker.

By Anirban Sen and Rajesh Kumar Singh

Also Read: Dalal Street bleeds: Mcap of these 5 private sector banks declines by ₹1.44 lakh crore in a day On Tuesday (January 16), HDFC Bank released its December quarter numbers (Q3FY24), missing the street estimates in deposit and liquidity metrics. The rising cost of funds and tight liquidity have impacted the NIMs. The bank reported a drop in net interest margin (NIM) on total assets to 3.4% from 3.65% in the previous quarter (Q3FY23).

₹100 per equity share with a face value of ₹10. The issue is entirely a fresh issue of 19.64 lakh shares worth ₹19.64 crore. The net proceeds from the issue are to be utilised towards funding the capital expenditure towards the installation of plant and machinery for existing laboratories and for expansion of laboratories, repayment of unsecured loans to the promoter, working capital requirements of the company, and general corporate purposes, according to the company's DRHP report.

Also Read: Budget 2024 brew: Alcobev players pitch for uniform tax, excise duty cuts; ENA price relief, input tax credit hold key The Gem & Jewellery Export Promotion Council (GJEPC), representing India’s global gem & jewellery trade, has proposed several recommendations to the government ahead of the upcoming budget. “Gem and Jewellery exports have been facing a challenging time on account of the economic downturn in key export markets, geo-political concerns, supply and demand side constraints in the global diamond industry, and unavailability of precious metal in the country among others.

₹1,777 crore in Q3 FY24, an increase of 68% compared to a net profit of ₹1,058 crore in the same period last year. In the preceding quarter, the company posted a net profit of ₹1,281.45 crore. The revenue from operations rose 7.85% to ₹16,739.97 crore during the quarter from ₹15,520.93 crore in the corresponding period of the last fiscal.

Investing.com — The U.S. dollar edged lower in early European trading Friday, but was on track for a second consecutive weekly gain on renewed doubts over early rate cuts by the Federal Reserve, while weak retail sales hit sterling.

Investing.com — European stock markets rose Friday, continuing the tech-inspired global rally as investors shake off the negative sentiment from earlier in the week. 

Cholamandalam Investment & Finance Company Ltd. dropped 2.59 per cent to Rs 1258.6 at 02:04PM (IST) in Friday's trade. The counter hit a high of Rs 1295.65 and low of Rs 1258.15 so far during the session.

Zee Entertainment Enterprises Ltd. slipped 3.8 per cent to Rs 238.7 in Friday's trade as of 02:10PM (IST). It hit a high of Rs 252.95 and low of Rs 233.15 during the session.

Indian Railway Finance Corporation (IRFC) is now more valuable than 19 Nifty stocks including Bajaj Auto, Mahindra & Mahindra, LTIMindtree and Tata Steel. On Friday, the market capitalisation of the company touched Rs 2.1 lakh crore mark as the stock jumped 10% to hit its fresh 52-week high of Rs 160.80 on the NSE on Friday. The stock has seen an exponential rise in its price from its 52-week low of Rs 25.40 on March 28, 2023. With today's fresh high, the gains translate into a staggering 533% in less than a year.

Tube Investments of India Ltd. traded 1.1 per cent down in Friday's trade at 01:59PM (IST). Around 2,662 shares changed hands on the counter.

Cryptocurrency markets were trading lower in Friday's trade due to heavy outflows in ETFs. Bluechip crypto token BTC fell 3.2% to $41,381 in early trading on Friday, while Ethereum fell 2.5% to $2,467. «The crypto market is witnessing an unexpected downward trend as Bitcoin faces selling pressure due to heavy outflows from Exchange Traded Products (ETPs) to new spot ETF issuers,» said Shivam Thakral, CEO of BuyUcoin. «For example, Blackrock’s Bitcoin ETF accumulated $1 billion worth of BTC in just one week, which means there is a heavy outflow of Bitcoin to such regulated ETFs. We can expect the Bitcoin price to rise once this transition cools down and investors are done with profit booking,» he said. Other major altcoins, such as Solana and Avalanche, fell over 6% each. Also, Cardano, XRP, Dogecoin, Polkadot, Chainlink, Toncoin, Polygon, Internet Computer and Shiba Inu declined.

Stock market update: The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are going to conduct the special live trading session in the equity F&O segment on 20th January 2024 i.e. on Saturday next week. The BSE and NSE aim to switch to the DR site through this special live session.

Rahul Jain, President and Head of Nuvama Wealth believes that reviving the rural economy, which has slowed down due to deficient monsoon, will be the government's focus in the Interim Budget 2024. He also expects more sectors to fall in the ambit of PLI. In an interview with Mint, Jain also shared his views on markets and the sectors he is positive about.

BSE SME with tentative listing date fixed as Monday, January 29, 2024. Euphoria Infotech India IPO subscribed 8.77 times. The public issue subscribed 21.98 times in the retail category, 0.12 times in QIB, and 6.78 times in the NII category by January 19, 2024 12:59:00 PM as per Chittorgarh.com data Also Read- EPACK Durable IPO opens today: GMP, subscription status, review, other details. Buy or not? Meanwhile, shares of Euphoria Infotech India Limited are available for trade in grey market.

Interim Budget or Vote-on-account. Industry experts believe the Narendra Modi Government should make favorable policies to promote stock market education and reduce taxes on capital gains to increase stock market participation and encourage economic growth. “In the past decade, the number of stock market participants has increased by nearly 100%.

₹2,515 apiece on BSE. IndiaMART InterMESH stock price touched an intraday high of ₹2706.45 and an intraday low of ₹2,500.05.