Trade Financial News

Bank of America (BAC) reported fourth-quarter revenue figures that trailed analyst estimates, causing shares to fall more than 4% in the premarket.

Trade Policy Forum (TPF) meet in New Delhi starting January 12. US Trade Representative Katherine Tai is on a three-day visit to India for this meeting. Tai and Commerce and Industry Minister Piyush Goyal will co-chair the meeting. On India's agenda are a number of key issues that include a social security pact, US audit of Indian pharma players, etc. Other issues to be raised by India are: a) delay in visa; b) increasing exports of table grapes, pharma goods, and marine products such as wild caught fish and shrimp; c) reinstating the Generalized System of Preferences (GSP) status to India; d) export control regulations for high-tech products and technologies; more access for Indian mangoes to the American market, etc. The two prime issues that will dominate the discussions this time are the social security pact and USFDA drug inspections in India, news agency PTI reported. Social security pact The Social security pact is also called a totalisation agreement.

On the BSE, Intnl Travel(down 9.99 per cent), DAPS Advertising(down 9.99 per cent), Virtuoso Optoelectro(down 9.96 per cent), Sadhna Broadcast(down 9.91 per cent) and Ramchandra Leasing(down 9.62 per cent) stood among the top losers in today's trade. In the Nifty pack, 31 stocks closed in the green, while 19 stocks ended in the red.

A MEV (Maximal Extractable Value) arbitrage bot operator, known as 2Fast, has achieved a profit of $1.8 million from a single transaction bundle.

Benchmark NSE Nifty closed 247.35 points up at 21894.55 amid buying in frontline bluechip counters. However, stocks such as M K Proteins, Digidrive Distributo, Stampede Cap(DVR), Raj Rayon and Happy Forgings, touched their fresh 52-week lows.

Generative AI fever was expected to sweep through tech land and dominate CES, the year's premiere consumer electronics trade show in Las Vegas this week. Expect to wait another year, industry observers said.

Shares of Macrotech Developers Ltd.(up 6.69 per cent), Swan Energy Ltd.(up 3.75 per cent), Brigade Enterprises Ltd.(up 3.09 per cent), Phoenix Mills Ltd.(up 2.3 per cent) and Sobha Ltd.(up 1.58 per cent) ended the day as top gainers in the pack. On the other hand, Oberoi Realty Ltd.(down 0.49 per cent) finished as the top losers of the day.

₹129.90 apiece. The stock commenced its upward momentum in the preceding trading session, surging over 2.50%, following the release of the bank's Q3FY24 business update on January 10. In the current month so far, the shares are up 14.5% The public sector lender reported impressive figures for the December quarter, with its total business improving 9.90% YoY to ₹12,76,389 crore as compared to ₹11,61,441 crore in the same period of last year.

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The aftermath of the FTX collapse continues to unfold with significant developments in the cryptocurrency world. In a notable move, FTX debtors have filed a proposal to determine a fair and reasonable value for user claims based on digital assets. This proposal was submitted on December 27, 2023, to the United States Bankruptcy Court for the District of Delaware. It suggests converting claims into dollar amounts pegged to crypto asset values as of November 11, 2022.

The over-the-counter (OTC) cryptocurrency trading desk RenrenBit was founded by Zhao Dong, who is notoriously known as the «OTC King.» Zhao Dong was found guilty in China of the charges against him. In the context of China's increasing crackdown on criminal operations using cryptocurrencies, this conviction is a major event that has taken place. In the course of his actions, Zhao was involved in the facilitation of cryptocurrency and local currency trading, which is considered to be unlawful in the nation.

There was a big security compromise that occurred on the on-chain trading platform known as Thunder Terminal. An exploit resulted in illegal access to 114 of the more over 14,000 wallets that were connected to its network. The total amount of losses reached 86.5 Ether and 439 Solana, which is roughly comparable to $240,000. According to reports, the assault, which was carried out in only nine minutes, was caused by a third-party service that Thunder Terminal used that had been hacked.

The Securities and Exchange Board of India is proposing to start same-day settlement from March, before moving to a real-time process in 2025. The shorter cycles will be optional for investors and run alongside the existing system where trades are settled in one day, or T+1 in industry parlance. Global appetite for quicker resolution has grown after a spike in prices of ‘meme stocks’ in 2021 left brokers like Robinhood Markets Inc.

new record high of 21,897 points in today's intraday trade, breaking its previous record high of 21,834 points touched on January 01. Today's rally was propelled by robust support from the IT sector. At 01:45 pm, the index traded higher by 231.85 points or 0.98%, at 21,866 points.

Tube Investments of India Ltd. traded 1.54 per cent down at Rs 3839.3 at 02:06PM (IST) on Friday, even as BSE benchmark Sensex gained 812.17 points to 72533.35. The stock had settled at Rs 3899.5 in the previous session.

Varun Beverages Ltd. dropped 1.01 per cent to Rs 1264.85 at 02:01PM (IST) in Friday's trade. The stock has hit a high of Rs 1274.0 and low of Rs 1258.95 so far during the session.

Katrina Kaif and Vijay Sethupathi's long-awaited film 'Merry Christmas' finally released in theatres on Friday and with audiences rushing to social media after the first-day-first show, it's evident that the Sriram Raghavan directorial had left a lasting impression.

Bharat Forge Ltd. fell 2.19 per cent to Rs 1247.95 in Friday's trade as of 02:11PM (IST) even as the benchmark Nifty ruled at 21882.25, up 235.05 points. The scrip had closed at Rs 1275.9 in the previous session.

United Spirits Ltd. fell 0.6 per cent to Rs 1110.85 in Friday's trade as of 01:55PM (IST) even as the benchmark Nifty ruled at 21883.0, up 235.8 points. The scrip had closed at Rs 1117.65 in the previous session.

Siemens Ltd. gained 0.32 per cent to Rs 4173.7 in Friday's trade. It hit a high of Rs 4199.85 and low of Rs 4115.0 during the session.

Vedanta Ltd. traded at Rs 272.15 on BSE at 01:50PM (IST) on Friday, down 0.89 per cent from previous close. The stock quoted a 52-week low price of Rs 207.85 and a high of Rs 340.75.