Fall Financial News

Masimo Corp . (NASDAQ:MASI) shares fell Wednesday after it emerged that a U.S. appeals court halted a government commission's import ban on some of tech giant Apple's (NASDAQ:AAPL) smartwatches.

San Francisco: Tesla is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at the beginning of the year. Faced with slowing sales, Tesla leveraged its industry-leading margins and slashed prices of its four car models globally in 2023, with a focus on China, where the company has lost market share to locals including BYD .

By Akash Sriram and Hyunjoo Jin

Tesla is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at the beginning of the year. Faced with slowing sales, Tesla leveraged its industry-leading margins and slashed prices of its four car models globally in 2023, with a focus on China, where the company has lost market share to locals including BYD .

Jubilant Foodworks Ltd. slipped 0.21 per cent to Rs 569.05 in Wednesday's trade as of 01:19PM (IST). It hit a high of Rs 576.0 and low of Rs 566.5 during the session.

SBI Cards and Payment Services Ltd. slipped 0.54 per cent to Rs 768.55 in Tuesday's trade. It hit a high of Rs 779.8 and low of Rs 766.65 during the session.

Shriram Finance Ltd. fell 0.39 per cent to Rs 2047.95 in Tuesday's trade as of 11:57AM (IST) even as the benchmark Nifty ruled at 21460.65, up 111.25 points. The scrip had closed at Rs 2056.1 in the previous session.

XRP, Dogecoin and Cardano were trading in the red, while BNB, Avalanche, Toncoin and Tron were in the green. Meanwhile, the global cryptocurrency market cap fell 0.6% to around $1.6 trillion in the last 24 hours. At 11:53 a.m., BTC was trading 0.25% higher at $42,976, while Ethereum was down 1.13% at $2,218. The crypto market seems to have been range-bound with a downward bias in the last 24 hours. BTC underwent slight selling pressure after it crossed the $43k mark. However, on-chain data shows that Bitcoin mining hashrate has continued its uptrend and even reached a new all-time high. This translates into a positive sentiment building within the miners that can also trickle into price action, said CoinSwitch Markets Desk.

Polycab India declined over 5 percent in intra-day deals on Friday following searches conducted by the Income Tax Department's investigation wing at nearly 50 locations connected to the company across the country. Reports indicate that residences and offices of top management associated with the cables and wire manufacturer were also subject to raids. The specific reasons behind the Income Tax Department's searches and the nature of the investigation remain unclear at this point.

ICICI Prudential Life Insurance Company Ltd. fell 0.5 per cent to Rs 516.0 in Friday's trade as of 01:09PM (IST) even as the benchmark Nifty ruled at 21354.0, up 98.95 points. The scrip had closed at Rs 518.6 in the previous session.

Asian shares have slipped after Wall Street slammed the brakes on its big rally following disappointing corporate profit reports and warnings that the market had simply gone too far, too fast

MUMBAI : A new and more scientific way of calculation has put India’s logistics cost much lower than before. How sharp is this drop? Mint explains the reduction, where India stands globally when it comes to the cost of logistics, and what more needs to be done. A study by the National Council for Applied Economic Research (NCAER) commissioned by the ministry of commerce and industry has put India’s logistics cost at 7.8% to 8.9% of GDP.

Investing.com — U.S. futures rose Thursday, bouncing after the previous session’s selloff, ahead of the release of key growth and employment data.

Oil prices fell on Thursday, as concerns over low demand following a surprise U.S. crude inventory build outweighed jitters over global trade disruptions and geopolitical tensions in the Middle East. Brent crude futures fell 65 cents, or 0.8%, to $79.05 a barrel by 0120 GMT while U.S.

Dividend payouts are still concentrated in the market, with 55% (£42.8bn) of all FTSE dividend payouts set to come from just ten stocks in the blue-chip index, while the top 20 are set to deliver 74% of total dividends, or £57.3bn.

Global markets: US stocks opened lower on Wednesday as investors took a breather from a rally sparked by the rate cut hopes. The Dow Jones Industrial Average fell 37.79 points, or 0.10%, at the open to 37,520.13. The S&P 500 opened lower by 3.64 points, or 0.08%, at 4,764.73.

Investing.com — U.S. futures slipped lower Wednesday, as investors paused for breath after a multi-week rally based on optimism of interest rate cuts from the Federal Reserve next year.

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India Shelter Finance made a decent debut on the exchanges on Wednesday by listing at a premium of around 25% over the offer price. However, the stock gave up some of the gains after falling nearly 10% post the debut. It is currently trading at Rs 556, just 12% higher than the IPO price. Net proceeds from the issue of fresh equity issue will go towards meeting future capital requirements and general corporate purposes. Analysts said there is still value in holding the stock from a medium- to long-term perspective as the company boasts of strong fundamentals and delivered strong financial performance in the last few years. Also Read: DOMS Industries shares soar nearly 80% over IPO price.

Info Edge (India) Ltd. slipped 0.23 per cent to Rs 5194.65 in Wednesday's trade. It hit a high of Rs 5270.9 and low of Rs 5194.65 during the session.

TOKYO (Reuters) -Japan's exports in November fell for the first time in three months dragged down by China-bound chip shipments, underscoring worries that slowing overseas economies may deal another blow to the trade-reliant economy as domestic demand slows.