Lowe's Financial News

On the BSE, AKM Lace and Embrote(down 20.00 per cent), Novateor Research(down 13.67 per cent), Nihar Info Glob(down 12.90 per cent), Sancode Technologies(down 10.00 per cent) and JLAInfraville&Shop(down 9.86 per cent) stood among the top losers in today's trade. In the Nifty pack, 28 stocks closed in the green, while 22 stocks ended in the red. The index closed 2.85 points up at 19396.45. On the BSE, Omaxe, Steel Exchange, Victory Paper, Omnipotent Industrie and Allcargo Terminals hit their fresh 52-week lows, while Dolphin Offshore, Yuken India, Nanavati Ventures, AccelerateBS India and Indo Us Bio-Tech touched their fresh 52-week highs in today's trade.

IMD) on Tuesday said that low to moderate flash floods can occur in multiple districts of the state in the next 24 hours. «Low to Moderate flash flood risk is likely over a few watersheds and neighbourhoods of Chamba, Kangra, Kullu, Mandi, Shimla and Sirmaur in Himachal Pradesh during the next 24 hours,» bulletin issued by IMD said.Met department further said that surface runoff and Inundation may occur at some fully saturated watersheds and low-lying areas due to expected persistent rainfall. Earlier as many as 10 people, who got stuck in a motorboat at the Kol dam reservoir in Himachal Pradesh's Mandi after their vessel malfunctioned, were rescued in a midnight operation, NDRF officials said on Monday. According to officials, personnel of the 14 Battalion of the National Disaster Response Force saved the lives of the 10 persons who were trapped in the dam.

exporters have to take urgent steps like devising mechanisms for monitoring emissions data, and providing incentives for the adoption of greener technologies to deal with the European Union's carbon tax as it would impact exports of sectors like metals, a report said. Suggesting a nine-step action plan, the report by Global Trade Research Initiative (GTRI) said that Indian firms have less than 40 days to prepare for the CBAM (carbon border adjustment mechanism) transition. The CBAM or carbon tax (a kind of import duty) will come into effect from January 1, 2026, but from October 1 this year, domestic companies from seven carbon-intensive sectors, including steel, cement, fertiliser, aluminium and hydrocarbon products, will have to share data with regard to carbon emissions with the EU. «The CBAM tax will start from January 2026, but there are penalties on not reporting, negligent reporting or mis-reporting of data from October 1, 2023, onwards,» GTRI co-founder Ajay Srivastava said. He said that the transition period for the tax, starting October 1, brings extensive data compliance requirements for Indian exporters. The GTRI suggestions assume significance as the EU on August 17 notified compliance requirements for the CBAM transition period, which starts from October 1 this year. «The CBAM documents exceed 800 pages of complex legal, technical texts, necessitating thorough understanding by the government and industry,» he added. The CBAM will translate into a 20-35 per cent tax on select imports into the EU starting January 1, 2026. India's 26.6 per cent of exports of iron ore pellets, iron, steel, and aluminium products go to the EU. These products will be hit by CBAM.

Icra Ratings which released a report on Tuesday said that India's economic growth will accelerate to 8.5% in the April-June period of the current fiscal from the 6.1% growth rate witnessed in the preceding January-March quarter. Icra attributed the faster growth to a supportive base and also a recovery in the services sector.

Bharat Heavy Electricals Ltd (BHEL) share price jumped nearly 12% to touch a new 52-week high on Tuesday's trading session after the company bagged order worth ₹4,000 crore from Mahan Energen Ltd, a wholly owned subsidiary of Adani Power Ltd. Bharat Heavy Electricals share price closed 9.76% higher at ₹110.80 apiece on NSE. According to company's exchange filing, Mahan Energen Ltd was formerly known as Essar Power MP Ltd.

Hartek Solar, which has recently been named among the top 3 rooftop solar installers in India by Mercom in CY 2022, is betting on floating solar. While talking to ET.com's Anil Satapathy, Simarpreet Singh, Executive Director, Hartek Group, said that floating solar power could be a game changer in the future. Simarpreet also talked about the company's hydrogen plans, PLI scheme, and other aspects of India's renewable industry.

Benchmark NSE Nifty closed 2.85 points up at 19396.45 amid buying in frontline bluechip counters. However, stocks such as Omaxe, Steel Exchange, Allcargo Terminals, Penta Gold and Jio Financial Servic, touched their fresh 52-week lows. Overall, 28 shares ended in the green in Nifty50 index, while 22 closed in the red. In the Nifty 50 index, Adani Ent., HDFC Life, ITC, NTPC and Hero MotoCorp were among top gainers during the day, while BPCL, Cipla, Bajaj Finserv, Eicher Motors and TCS ended in the red. The BSE Sensex closed 3.94 points up at 65220.03. Traders piled up positions in Telecommunications, Aquaculture, Industrial Equipment, Textiles and Infrastructure sectors, while selling was witnessed in Banks, Building Materials, Irrigation & Allied Services, Metals — Ferrous and Leather sectors during the day.

Barclays PLC is boosting its price targets on most Canadian bank stocks, saying expectations are so low that fiscal third-quarter results may bring some upside surprises.

Ashi Anand, CIO, IME-branded strategies, Valcreate Investment, says the ability of the new age platform companies to continue to compound revenues at over 25% from a longer-term perspective is very clearly there. The misunderstanding in terms of the listed market space is with relation to the longer-term profitability of these companies. What people do not necessarily understand is the sheer quantum of the current expenses are short-term in nature as these expenses are primarily linked to the current hyper growth phases that these companies are on.”Let’s start with your market construct. What is your view and where do you think we are headed in the near term?We have had a fairly strong move in the market over the last few months.

SBI Funds Management Ltd on Tuesday said it has completed the liquidation of assets in the six shuttered debt schemes of Franklin Templeton Mutual Fund and distributed Rs 27,508 crore to the latter's unitholders. Franklin Templeton in April 2020 announced the shutting down of the six debt mutual fund schemes, citing redemption pressures and lack of liquidity in the bond market. With this, SBI Funds Management has liquidated 217 securities and disbursed around Rs 27,508 crore which constitutes 109 per cent of the value of the securities as of the date of winding up — April 23, 2020, the company said in a statement. It further said that the liquidation activity was done without creating any market dislocation in order to get the best liquidation value and safeguard the interest of the unitholders of Franklin Templeton Mutual Fund (FTMF).

Coinbase has made some changes to its debt buyback program following lackluster demand. 

Ashish Kacholia portfolio: TARC share price has been in uptrend after ushering in the new financial year 2023-24. The small-cap multibagger stock with a market cap of around ₹2,672 crore has risen from around ₹34 apiece levels to ₹a new peak of ₹92.90 per share levels on NSE, delivering to the tune of 175 per cent in the financial year 2023-24. This Ashish Kacholia-owned stock is one of the multibagger stocks that Indian stock market has produced in the year 2023.

₹370-380. Eveready share price today opened at ₹382 on NSE. Eveready Industries share price touched intraday high at ₹418.30 and low at ₹380 on Tuesday's session.

dollar on Tuesday, traders said. The rupee has continue to decline as the country's caretaker government struggles to stabilise the crisis-ridden economy. Its previous record low was 298.93, which was hit on May 11.

Last Monday, the rupee slipped below the psychological level of 83 per U.S. dollar for the first time since October 2022, when it hit a record low of 83.29. Indian exporters last Monday and Thursday hedged a total $3.6 billion via forwards, data from clearing house CCIL shows.

Gaganyaan human space flight programme and an Indo-US synthetic aperture radar — ISRO has a packed schedule ahead. In addition, XPoSat (X-ray Polarimeter Satellite), the country's first dedicated polarimetry mission to study various dynamics of bright astronomical X-ray sources in extreme conditions, is also ready for launch, an ISRO official said on Tuesday.Aditya-L1, the first space-based Indian observatory to study the Sun, is getting ready for the launch, most likely in September first week. According to ISRO Chairman, Somanath S, the space agency has also lined up the launch of a climate observation satellite INSAT-3DS. The launch of a test vehicle mission, for the validation of the crew escape system for Gaganyaan, the country's maiden human space flight mission, is also expected soon. "(Then) we have to launch NISAR, the India-US built Synthetic Aperture Radar", Somanath said in his independence day address at ISRO headquarters here on August 15. «So, our hands are full.»

LTIMindtree Ltd. slipped 0.19 per cent to Rs 5135.0 in Tuesday's trade as of 02:12PM (IST). The stock hit a high price of Rs 5171.35 and low of Rs 5110.0 during the session. The return on equity (ROE) for the stock stood at 27.36 per cent.

Congress on Tuesday slammed the Centre over the «skyrocketing» prices of essential commodities, alleging the government's entire focus was only on «saving the image» of Prime Minister Narendra Modi and «benefiting its crony capitalist friends». Congress general secretary Jairam Ramesh said inflation is skyrocketing due to the «anti-people policies» of the Modi government. «The prices of all essential commodities including vegetables, flour, rice, pulses are increasing continuously.

Bank of Baroda traded at Rs 190.5 on BSE at 12:55PM (IST) on Tuesday, down 0.15 per cent from previous close. The stock quoted a 52-week low price of Rs 116.3 and a high of Rs 210.8. Earlier, shares of the company saw a gap up opening in the morning. A total of 161,514 lakh shares changed hands on the counter till 12:55PM (IST). The stock of Bank of Baroda commands a market value of Rs 98385.17 crore. The stock traded at a price-to-earning (P/E) multiple of 5.61, while the price-to-book value ratio stood at 0.83.

Pidilite Industries Ltd. traded 0.08 per cent up at Rs 2489.0 at around 01:05PM (IST) on Tuesday.

largest private-sector bank in India. Known for its comprehensive range of banking and financial services, it has earned a reputation for its customer-centric approach, innovative solutions, and robust technological advancements. Over the years, HDFC Bank has consistently demonstrated its commitment to excellence, setting high standards within the banking industry and playing a pivotal role in shaping the financial landscape of India.