Trade Financial News

markets regulator Sebi has renewed its recognition to AMC Repo Clearing Ltd as a clearing corporation for one year for clearing and settling transactions in repo and reverse repo in debt securities. The regulator has granted renewal of recognition for one year starting from January 17, 2024 till January 16, 2025, according to a notification uploaded on Sebi's website on Tuesday.

Embattled crypto lender Celsius has transferred over $125 million worth of Ether to various cryptocurrency exchanges as part of its plan to initiate repayments to its creditors.

Life Insurance Corporation (LIC), India's largest life insurer, soared 5.30% in today's intraday to touch ₹900 apiece, a level not seen since its listing in May 2022. This also represents the stock's new 52-week high. The insurance behemoth was listed on the Indian stock exchanges on May 17, 2022, at ₹875.25 apiece as compared to the issue price of ₹949.

De Beers made one of the steepest cuts to its diamond prices in years, as the world’s top producer tries to revive gem sales after the market ground to a halt.

Investing.com — The U.S. dollar climbed higher in early European trade Tuesday, with risk sentiment hit by increased tensions in the Middle East as well as concerns that the Federal Reserve may delay interest rate cuts .

By Blake Brittain

Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months, but 2024 is starting on a different note, with Elon Musk’s electric-vehicle maker off to its worst start to any year — ever.

DLF Ltd. dropped 2.6 per cent to Rs 785.5 at 02:12PM (IST) in Tuesday's trade. The scrip hit a high of Rs 805.9 and low of Rs 777.65 so far during the session.

Info Edge (India) Ltd. traded at Rs 5206.15 on BSE at 02:06PM (IST) on Tuesday, down 2.52 per cent. The stock quoted a 52-week low price of Rs 3310.0 and a high of Rs 5332.8.

Jyoti CNC Automation jumped nearly 13% after a decent debut on the exchanges on Tuesday. The stock was last trading at Rs 418 apiece, up 27% over the issue price of Rs 331. The premium listing was in line with expectations, which can be attributed to the company's market leadership and a substantial presence in the global CNC machine manufacturing market. The focal points in the company's business model are its client base, healthy margins and a proxy play on the defense sector.

NALCO, a PSU firm engaged in alumina and aluminum manufacturing and sales, saw its shares surge sharply in today's intraday session, hitting a new lifetime high of ₹144 apiece by gaining 6.70%. This achievement is particularly noteworthy as the stock has set a new record after a gap of 16 years, surpassing its previous all-time high of ₹141.60 apiece, which was set in January 2008.

₹397-418 per share for the issue. GMP: Shares of Medi Assist Healthcare have been available for trade in the grey market since the weekend. The company's shares in the grey market continued trading at a premium of ₹38, indicating a 9 percent premium versus the IPO price at listing.

MphasiS Ltd. traded at Rs 2601.4 on BSE at 01:31PM (IST) on Tuesday, down 1.16 per cent from previous close. The stock quoted a 52-week low price of Rs 1660.65 and a high of Rs 2788.35.

Lupin Ltd. traded 2.39 per cent down at Rs 1379.0 at 01:36PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 333.8 points to 72994.14.

Vishal Malkan of Malkansview.com, says the benchmark indices are moving slow but steadily with Nifty making new highs almost every week. Along with this, broader markets are also participating, especially the blue chip companies. I think this rally will still continue or at least sustain. There might be like 200-300 point correction which is hardly a percent or two but will provide buy on dips opportunities. As of now, at least the benchmark indices are quite subdued and nothing exciting there but broader markets is where the fun is happening. What is your thought in terms of the benchmark indices? Do you think that now is a time to be a bit cautious on the markets? Vishal Malkan: I would say that benchmark indices are moving slow but steady.

Investing.com — European stock markets fell Tuesday on concerns that interest rates will remain high for longer than expected, while the annual World Economic Forum in Davos continued. 

Anthony Scaramucci, the founder and managing partner of hedge fund SkyBridge, has shared an optimistic outlook for Bitcoin’s future, suggesting that its price could potentially reach $170,000 in the coming year.

In the ever-evolving landscape of cryptocurrency, Bitcoin price has seen a notable uptick, trading at $42,806 with a 0.55% increase on Tuesday. This surge has been accompanied by growing interest in US-based crypto products, particularly following the approval of spot ETFs.

Binance has unveiled its joint venture crypto exchange Binance Thailand, which comes in collaboration with Gulf Innova, a subsidiary of Gulf Energy Development.

₹1,006.74 crore for the third quarter of FY24, registering a growth of 25.3% from ₹803.61 crore in the corresponding quarter of last year. Federal Bank’s net interest income (NII) in Q3FY24 increased 8.5% to ₹2,123.4 crore from ₹1,956.5 crore, YoY.

Polycab India, a leading electrical wires and cables manufacturer, jumped 3.60% to ₹4,351.75 apiece. This comes on the heels of an 8.2% surge over the last two trading sessions. Between January 04 and January 11, the company's shares faced downward pressure amid reports of tax evasion allegations.