Lowe's Financial News

InterGlobe Aviation Ltd. gained 0.22 per cent to Rs 2453.85 in Tuesday's trade as of 12:34PM (IST).

ACC Ltd. 0.0 per cent to Rs 1972.0 at 12:18PM (IST) in Tuesday's trade.

Tata Elxsi Ltd. traded 0.15 per cent up in Tuesday's trade at 12:23PM (IST).

finance ministry said on Tuesday, even as it expected the latest spike in food inflation to be “transitory” on the back of steady farm sector performance, fresh arrivals in the market and the government’s “pre-emptive measures” to boost essential supplies. Nevertheless, in its monthly economic report for July, the department of economic affairs (DEA) called for greater vigilance by both the fiscal and monetary authorities on the price front. It, however, pointed at the emergence of “green shoots of a private capex upcycle”, adding that the government’s persistent emphasis on budgetary capital spending in recent years is now crowding in private investments, as evident in the performance of various high-frequency indicators and industry reports.

Tube Investments of India Ltd. gained 0.62 per cent to Rs 2835.0 in Tuesday's trade.

crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world's biggest and third-biggest oil importers, cut imports from Russia and Saudi Arabia in July after prices rose and as the two oil producers reduced output and crude oil shipments. Saudi Arabia volunteered to cut output by another 1 million barrels per day (bpd) from July through September, and Russia will reduce exports in August by 500,000 bpd, part of a deal among members of the Organization of the Petroleum Exporting Countries and its allies, a grouping know as OPEC+, to curb supplies and support prices. India's overall imports also declined 5.2% from June to 4.4 million bpd oil in July, the data showed, as several refining plants are shut for maintenance during monsoon season.Russian oil imports declined 5.7% to 1.85 million bpd and Saudi shipments fell by 26% to 470,000 bpd, the data showed. India imports more than 80% of its overall oil needs. Indian refiners that have been diversifying their oil import sources to cut costs began snapping up Russian oil at a discount as some Western companies stopped purchasing from Moscow following its invasion of Ukraine in February 2022. India's import of Russian oil may now decline further in August and September, however, as refiners plan maintenance at their plants and as Russian crude prices are above the $60-a-barrel ceiling imposed by the European Union and G7 economies after spot discounts shrank, sources said. Russia was still the top oil supplier to India in July, though, followed by Iraq and Saudi Arabia.

Ashok Leyland Ltd. rose 0.61 per cent to Rs 188.05 at 11:53AM hours (IST) on Tuesday.

Tata Power Company Ltd. traded 0.22 per cent higher in Tuesday's session at 11:58AM (IST).

ICICI Lombard General Insurance Company Ltd. rose 1.18 per cent to Rs 1345.05 at 10:46AM hours (IST) on Tuesday.

I expect to receive around Rs 75 lakh from the sale of an apartment. I do not intend to invest in another property. How do I invest this lump sum in financial instruments? I am 47 years old and want to adopt an aggressive style of investing. Naveen Kukreja, CEO and Co-Founder, Paisabazaar.com: You should first check for possible long-term capital gains (LTCG) tax liability arising from the sale of your apartment.

Godrej Consumer Products Ltd. traded 0.99 per cent up in Tuesday's trade at 10:56AM (IST).

Treasury yields are sending shudders through riskier areas of the market, leaving investors to wonder how badly it will dent a rally that has lifted everything from stocks to bitcoin this year. Strong economic growth has spurred expectations that the Federal Reserve will leave rates higher for longer, pushing Treasury yields this month to their highest levels since 2007. That climb has made them harder to ignore for holders of stocks and other speculative assets, which have rallied for most of the year even as yields moved steadily higher. The S&P 500 has lost 4% this month as the U.S.

Adani Power have risen 15% in three sessions and are poised for another 10% upside from here riding on the current momentum but any fresh move in the stock should only be made on declines for a favourable risk-to-reward ratio, experts tell ETMarkets. Notwithstanding an 8.1% stake sale to the US-based investment firm GQG and other investors in a $1.1 billion deal last week, the stock has displayed significant momentum since hitting a 52-week low of Rs 132.40 on the NSE on February 28 as a fallout of the Hindenburg report. The stock has since then given multibagger returns of 145%. Despite market upheavals over the past one month where the 50-stock Nifty has delivered a negative return of 1.42%, this Adani stock has rallied more than 37%. Adani Power shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) and Monday's move has taken the stock into an overbought zone.

textile sector which has conventionally served as the bedrock for most of its industrial labour is staring at a gloomy future. Once a thriving sector of Pakistan's economy, the industry now struggles with low exports amid a deepening crisis. The past two years have seen the country’s finances struggling including forex reserves, inflation, debt to GDP ratio, fiscal and current account deficit.

Benchmark NSE Nifty index rose 6.7 points to 19400.3 amid buying in frontline bluechip stocks. However, stocks such as Jio Financial Servic, ABM International L, VELS Film Internatio, Lloyds Metals and Allcargo Terminals, touched their fresh 52-week low. Overall, 27 shares traded in the green in Nifty50 index, while 23 traded in the red. In the Nifty 50 index, HDFC Life, Adani Ent., SBI Life, NTPC and Bajaj Finance were among top gainers, while Titan Company, Cipla, Tech Mahindra, TCS and LTIMindtree traded in the red. The BSE Sensex was trading 7.82 points up at 65223.91 at 10:14AM(IST). Traders were seen piling up positions in Telecommunications, Trading, Miscellaneous, Infrastructure and Plastics sectors, while selling was visible in Banks, Irrigation & Allied Services, Building Materials, Gems and Jewellery and Metals — Ferrous sectors.

ICICI Prudential Life Insurance Company Ltd. gained 2.2 per cent to Rs 549.75 at 10:10AM (IST) in Tuesday's trade.

Adani Power Ltd. traded 3.73 per cent up at Rs 337.2 on Tuesday at around 10:00AM (IST), while the benchmark BSE Sensex declined 0.71 points to 65215.38. As many as 1,840,866 shares changed hands on the counter with a total value of Rs 6243.0 crore. The stock quoted a 52-week high price of Rs 432.8 and a 52-week low of Rs 132.55. On the technical charts, the 200-DMA of the stock stood at Rs 251.79, while 50-DMA was at Rs 262.94.

In France, global warming has been wreaking havoc on this ancient equation for some time. Wine-growing regions across the country have seen seasons truncated—the harvest date in the Châteauneuf-de-Pape appellation, one of the most prized, has moved up almost three weeks since 1960.

cash holdings on bets the central bank will raise borrowing costs further, helping it deploy funds at higher yields.SBI Funds Management Pvt. has been trimming the duration of its portfolio since May and wants to keep the cash handy for better investment opportunities as a sudden spike in inflation sparks debate on odds of more rate hikes.

US Federal Reserve has been raising rates since March 2022, lifting the Federal Funds Rate to a 22-year high. However, this has not cooled the US economy down significantly. Most economists believe the US economy will not see a recession in the near future.

Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000