Latest news with #IndianShares
Reuters
04-07-2025
- Business
- Reuters
Indian shares flat as investors weigh Jane Street ban, trade developments
July 4 (Reuters) - Indian shares were largely flat on Friday as investors remained on the sidelines ahead of a potential India-U.S. trade deal and assessed the market regulator's ban on U.S. trading firm Jane Street over alleged manipulation in derivatives trading. The Nifty 50 (.NSEI), opens new tab rose 0.04% to 25,415.45 points and the BSE Sensex (.BSESN), opens new tab added 0.05% to 83,274.26, as of 10:17 a.m. IST. The broader, small-caps (.NIFSMCP100), opens new tab and mid-caps (.NIFMDCP100), opens new tab traded flat. On Thursday, the Securities and Exchange Board of India (SEBI) issued an interim order against Jane Street, one of the world's largest quant trading firms, alleging manipulation through derivative positions. In June, Reuters reported that the SEBI was investigating the company's derivatives trades stretching back three years to check if it intended to manipulate the benchmark stock indexes. Four entities affiliated with the firm made 365.02 billion rupees ($4.28 billion) in profits across National Stock Exchange segments between January 1, 2023, and March 31, 2025, as per the interim order. "While the order could stir some short-term unease, it's clearly case-specific and unlikely to trigger a broad foreign investor exit," said Kranthi Bathini, director - equity strategy at WealthMills Securities. Investors are also awaiting a possible India-U.S. trade deal as President Donald Trump's July 9 deadline for reciprocal tariffs approaches. "Domestic equity markets have continued to consolidate this week after a sharp 15% rise in the last four month as investors remain watchful of a potential trade agreement," said Vinod Nair, head of research at Geojit Investments. Among individual stocks, non-bank lender Bajaj Finance ( opens new tab jumped 3.1% after it reported a 25% rise in assets under management in a pre-quarterly update. Marico ( opens new tab gained 3.6% after the consumer company reported a low-twenties percentage revenue growth for the June quarter, helped by improving rural demand. In contrast, Trent ( opens new tab slumped 7.2% after the fashion retailer posted a sequential deceleration in its June-quarter revenue in a pre-quarterly update.
Reuters
03-07-2025
- Business
- Reuters
Indian stocks gain as U.S. trade talks boost sentiment
July 3 (Reuters) - Indian shares edged higher on Thursday, mirroring gains in broader Asia after a U.S.–Vietnam trade deal and as investors awaited signs of progress on a potential pact between Washington and New Delhi. The Nifty 50 (.NSEI), opens new tab rose 0.4% to 25,555.20 points and the BSE Sensex (.BSESN), opens new tab added 0.41% to 83,752.36 as of 10:30 a.m. IST. Asian shares rose, with MSCI's Asia ex-Japan index (.MIAPJ0000PUS), opens new tab up 0.25%, after U.S. President Donald Trump announced a 20% tariff on Vietnamese exports under a new deal, boosting expectations of further trade breakthroughs. U.S. and Indian trade negotiators were pushing on Wednesday to try to land a tariff-reducing deal, but some disagreements remained unresolved, Reuters reported citing sources. "Sentiment has turned positive after Trump announced an agreement with Vietnam as it signalled an eagerness to strike further trade deals," said Mandar Bhojane, research analyst at Choice Broking. However, analysts flagged the likelihood of bouts of profit booking in the near future. Twelve of the 13 major sectoral indexes gained. The auto index (.NIFTYAUTO), opens new tab led with a 1.1% rise, while small- and mid-cap indexes (.NIFSMCP100), opens new tab and (.NIFMDCP100), opens new tab rose 0.5% each. Heavyweights HDFC Bank ( opens new tab and ICICI Bank ( opens new tab rose 0.7% and 1%, respectively. HDFC Bank's unit and the newly-listed HDB Financial ( opens new tab jumped 4% on Thursday after a 13.6% jump in the debut session on Wednesday. State-run banks (.NIFTYPSU), opens new tab slipped 0.4%, with Punjab National Bank ( opens new tab falling 2.5% after reporting slower loan growth in its June-quarter update. Among other stocks, D-mart operator Avenue Supermarts ( opens new tab lost 3.7% after reporting a moderation in its sales growth in its quarterly business update. Nykaa ( opens new tab slid 4.3%. The Banga family, one of the early investors in FSNE, planned to sell 2% stake via block deal at 5.5% discount to Wednesday's closing price, as per multiple news reports, opens new tab.
Arab News
12-05-2025
- Business
- Arab News
Pakistan's stock exchange halts trading for an hour, exchange notification shows
Pakistan's stock exchange halted trading on Monday for an hour, according to an exchange notification, after the benchmark KSE-100 share index rose 8.84 percent in early trade. A 5 percent increase in the KSE-30 index from the previous trading day's close led to a market halt as per stock market regulations. All equity and equity based markets have been suspended, as per the notification. Markets will reopen at 10:42 a.m. local time (0542 GMT). Saturday's ceasefire in the Himalayan region, announced by US President Donald Trump, followed four days of intense firing and diplomacy and pressure from Washington. Indian shares also rallied on Monday.
