The Nifty futures on the Singaporean Exchange were trading around the 18,256 level at 7:55 IST. The early barometer of India's benchmark Nifty 50 index signals a negative start for the broader index in India, with a loss of 50 points or 0.27%. Asian markets are trading on a mixed note today. Hang Seng index in Hong Kong was up 1.11%, while Nikkei 225 in Japan fell 1.46%.
Open Flip📌Wall Street's primary indices ended in the red today; S&P 500 lost 0.4%, and Nasdaq plunged 0.76%. 📌Asian markets are trading on a mixed note. Australia’s S&P/ASX 200 was up 1.29%, while Nikkei 225 in Japan fell 1.6%. 📌SGX Nifty signals a negative opening for the broader index in India with a loss of 66 points. 📌Oil prices tumbled 3.5% in volatile trade on Tuesday.
Open FlipGold prices were trading flat during early Asian deals today as investors are waiting for the Federal Reserve's December policy meeting that could offer hints on the U.S. central bank's tightening path. As of 0023 GMT, spot gold held its ground at $1,838.69 per ounce after reaching a six-month peak in the previous session. U.S. gold futures dipped 0.1% to $1,843.60.
Open FlipVaishali Parekh from Prabhudas Lilladher feels that key benchmark indices are slowly but steadily picking up. The analysts further expressed that overall bias and market sentiment are improving. She recommended two stocks to buy for today: ✅ Indian Hotels: Buy at ₹320, target ₹335, stop loss ₹315; and ✅Axis Bank: Buy at ₹962, target ₹980, stop loss ₹948.
Open FlipA senior government official expressed that Vodafone's promoters are not interested in infusing adequate capital into the telco, making it unviable for the government to convert the accrued interest on deferred AGR dues into equity. Vodafone Plc of UK and the Aditya Birla Group - were willing to infuse around ₹2,000-3,000 crore in the telco, which is inadequate to revive the telco.
Open FlipTwitter has decided to expand the types of political ads allowed on the social media platform. The move comes as a reversal of its 2019 policy of global ban on political ads, as the Elon Musk-owned company is eyeing o improve its revenue. The company tweeted it would also relax its advertising policy for "cause-based ads" in the United States.
Open Flip✅Avenue Supermarts: It logged 25% YoY growth in revenue at Rs 11,305 crore in Q3FY23. ✅Vedanta: Alumina production at Lanjigarh refinery fell by 6% YoY to 443kt in Q3FY23 due to maintenance activities. ✅ RailTel Corporation: It won work orders worth Rs 186.19 crore from South Eastern Coalfields. ✅NTPC: It commissioned India's first green hydrogen blending project in NTPC Kawas township, Surat.
Open FlipWall Street's primary indexes closed lower on the first trading day of 2023, dragged by Tesla and Apple. This was noticed as investors became worried about the Fed's interest-rate hiking path as they awaited minutes from its December meeting. Dow jones fell 10.88 points, or 0.03%, to 33,136.37; S&P 500 lost 15.36 points, or 0.40%, to 3,824.14; and the Nasdaq tanked 79.50 points, or 0.76%.
Open FlipHDFC Limited has assigned (sold) 19% more loans to the tune of Rs 8,892 crore in Q3FY23 in comparison to Rs 7,468 crore in the corresponding quarter of the previous year. The mortgage lender said, "All the loans assigned during the quarter ended December 31, 2022, were to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank."
Open FlipPolygon presently trades at $0.7784. In the last 24 hours, the coin decreased by 0.92% and is down by 3.61% in the last seven days. The 9th largest cryptocurrency by market cap has a 24-hour trading volume of $166 Million, which is a 7.36% increase in the last 24 hours. MATIC is currently moving in tandem with the rest of the market.
Open FlipOn Tuesday, Stocks wavered, giving up earlier gains, as concerns such as rising rates and high inflation. The S&P 500 fell 0.37%, slipping from highs of the day when December’s manufacturing index declined at the fastest pace since May 2020. The Dow Jones Industrial average lost 124 points, or 0.37%, and the Nasdaq Composite shed 0.84%. Shares of apple and Tesla both fell in the mid-market.
Open FlipYCharts data shows that the Grayscale Ethereum Trust (ETHE) currently trades at a record-low discount of 59.39% relative to the price of Ethereum (ETH). ETHE, which is managed by Grayscale Capital, one of the biggest institutional investors in the cryptocurrency market, enables traditional investors to gain exposure to Ethereum without making their own cryptocurrency investments.
Open FlipWatch out for these stocks in Wednesday’s trading session: 📌 Dabur India: The company acquired 51% equity shareholding of Badshah from its equity holders. 📌 UCO Bank: Shares soared and finished the session about 5% higher today. 📌 Larsen & Toubro: The Government of Madhya Pradesh has granted repeat orders to L&T Water & Effluent Treatment Business to manage two lift irrigation projects.
Open FlipRecently, HFCL Ltd. and its material subsidiary, HTL Limited, received an order worth Rs 95.38 crore from Reliance Projects & Property Management Services Limited. Shares surged 2.65% from their previous closing of Rs 75.60 per share to the day’s high of Rs 77.60. The stock has a 52-week high of Rs 101.35, whereas the 52-week low is Rs 51.55.
Open FlipList of the top 10 chemical sector multi-baggers that impressed investors with their outstanding returns: 📌 Advance Petrochemicals 📌 Gujchem Distillers India 📌 Lords Chloro Alkali 📌 Indokem Ltd 📌 Jyoti Resins & Adhesives 📌 Chemcrux Enterprises 📌 Refnol Resins & Chemicals 📌 Tinna Rubber & Infrastructure 📌 TGV SRACC Ltd 📌 Nitta Gelatin India
Open Flip