Lowe's Financial News

By Yoruk Bahceli

Bharat Electronics Ltd. traded 1.52 per cent down at Rs 130.0 at 11:11AM (IST) on Monday, even as BSE benchmark Sensex dropped 300.25 points to 65022.4.

Tube Investments of India Ltd. fell 1.26 per cent to Rs 2815.0 at 10:40AM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.

United Spirits Ltd. gained 0.38 per cent to Rs 991.4 in Monday's trade as of 10:35AM (IST).

FSN E-Commerce Ventures, which operates online beauty and fashion retailer Nykaa, fell over 11% to the day's low of Rs 130.10 on the NSE on Monday after a clutch of brokerages spelt out growth headwinds in their post earnings review of the stock. BofA, which has taken a neutral view on the counter, sees competition as a key downside risk while ICICI Securities downgraded the stock to 'Add' and advocated tighter corporate spend to meet margin expectations. Notwithstanding an 'Overweight' stance by Morgan Stanley and a buy view by Jefferies and Nuvama, the selloff was amid high volumes as over 61.79 lakh shares changed hands on the NSE.

Trent Ltd. traded 1.82 per cent up in Monday's trade at 10:46AM (IST). Around 25,598 shares changed hands on the counter.

Colgate-Palmolive (India) Ltd. rose 0.72 per cent to Rs 1977.6 in Monday's trade. It hit an intraday high of Rs 1989.6 and low of Rs 1946.35, respectively, during the day.

FSN E-Commerce Ventures Ltd Q1 results 2023, which was announced on Friday after the market hours. Nykaa share price today witnessed heavy beating during early morning deals and hit intraday low of ₹130.10 apiece on NSE within few minutes of stock market's opening bell, logging around 11 per cent dip from its Friday close of ₹146.20 per share.

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A look at the day ahead in European and global markets from Wayne Cole.

Investing.com-- Most Asian currencies sank on Monday, while the dollar rose to a five-week high as a stronger-than-expected U.S. inflation reading drove up fears that the Federal Reserve could keep raising interest rates.

Investing.com-- Gold and copper prices fell to their weakest levels in a month on Monday, coming under pressure from a stronger dollar as rising U.S. inflation pushed up concerns over higher interest rates. 

₹3,073.28 crore, while Domestic Institutional Investors (DIIs) net purchased shares to the tune of ₹500.35 crore, as per provisional data available on the exchanges.

Indian stock market is expected to open lower on Monday following weak global cues and is likely to consolidate further. Benign domestic macroeconomic data and outflow of foreign capital is likely to weigh on markets. Investors may react to June factory output growth slipping to a 3-month low, while trade cautiously ahead of other key economic data releases in this holiday-truncated week, including wholesale price index (WPI) and July retail inflation data, exports and imports numbers and forex reserves data.

El Nino's dry weather threatens to further dent coffee production in Indonesia, the world's fourth largest grower, after excessive rains dragged down output to its lowest in more than a decade, driving global prices to all-time highs. Lower coffee output in Indonesia, which mainly produces robusta beans — having a bolder and more bitter flavour than the arabica variety — could trigger more gains in prices which have climbed more than 40% in 2023 and hit a record high in June.

ONGCONGC has reported consolidated net profit of Rs 14,134 crore for the quarter ended June. Revenue from operations dropped 10% to Rs 1.63 lakh crore in the June quarter.SpiceJetShares of SpiceJet will be in focus as the company's board has deferred its meeting to approve first quarter results to Monday.Patanjali FoodsPatanjali Foods Ltd reported 64% year-on-year fall in net profit for the quarter ended June to Rs 878 crore.

Nifty Call options are at 19,500, which suggests the index has stiff resistance at this level. Stocks like Bajaj Finance, Hero Moto, IndusInd Bank, AB Capital, Bandhan Bank, Oberoi Realty and Shriram Finance can remain under pressure. Investors can start accumulating BPCL and ITC in the fall, said analysts.JATIN GEDIATECHNICAL RESEARCH ANALYST, SHAREKHANWhere is Nifty headed this week?Chart patterns suggest a zone of 19,570-19,600 for Nifty will act as a strong resistance.

With stock indices close to their all-time highs, there is bullishness all around. SIP inflows in mutual funds touched an all time high of Rs 15,245 crore in July. At the same time, a record 30 lakh new demat accounts were opened during the month.

Data Patterns, part of the aerospace and defence industry, pared gains after hitting a high in July 2023, but the stock has picked up momentum and is making higher highs and higher lows since the beginning of August 2023.Short-term traders can look to buy the stock for a target of around 2240 in the next 2-3 weeks, suggest experts.

Last Voyage of the Demeter" struggled in its opening weekend, earning a meager $6.5 million. The movie, based on a chapter from Bram Stoker's «Dracula,» which follows the transport of the vampire's coffin from Transylvania to England, was distributed by Universal. In contrast, "Barbie" continued its dominance, securing the top spot for the fourth consecutive weekend. The Warner Bros. release generated $33.7 million, pushing its total earnings to an impressive $526.3 million. Taking second place was Universal's «Oppenheimer,» directed by Christopher Nolan. The film earned $18.8 million during the weekend, bringing its domestic earnings for the portrayal of atomic bomb creator J. Robert Oppenheimer's life to $264.3 million. This achievement solidifies its position as Nolan's fourth-highest grossing movie domestically, trailing behind «Inception,» «The Dark Knight,» and «The Dark Knight Rises.» «Teenage Mutant Ninja Turtles: Mutant Mayhem,» produced by Paramount Pictures, secured third place with $15.7 million. The animated feature, co-produced by Nickelodeon Movies and Point Grey Productions, has amassed $72.8 million in domestic earnings after two weeks. Warner Bros.' «Meg 2: The Trench» experienced a 60% drop in earnings from its $30 million opening, garnering $12.7 million and landing in fourth place. The adventure film's total domestic earnings now stand at $54.5 million. «The Last Voyage of the Demeter» had a production cost of $45 million but failed to attract audiences, marking another disappointment for Steven Spielberg's Amblin production company.

Zee Entertainment Enterprises, Granules India Ltd, India Cements Ltd, Chambal Fertilizers and Chemicals, Manappuram Finance, Delta Corp, Balrampur Chini Mills, Hindustan Copper, Indiabulls Housing Finance are the nine stocks that are a part of the F&O ban list by the stock exchange for Monday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.