Lowe's Financial News

Bata India plunged over three per cent today, a day after the company reported its net profit declined 10 per cent to ₹106 crore in the April-June quarter of fiscal 2023-24 (Q1FY24). Bata India's consolidated net profit in the corresponding period last year stood at ₹119.3 crore. The footwear major's revenue from operations stood at ₹958.1 crore, reporting a marginal rise of 1.6 per cent, compared to ₹943 crore in the year-ago period.

market cap of $3,981,295,119 and a 24-hour trading volume of $290,037,061, making it a substantial crypto to get into. According to the Chainlink price prediction, it can reach $9.12 by the end of the year. As for the Algorand (ALGO) cryptocurrency, it showcased a similar pattern to Chainlink.

By Samuel Indyk and Ankur Banerjee

Nvidia (NASDAQ:NVDA) shares closed 4.7% lower yesterday to hit a 4-week low.

It took one parabolic move to achieve in a day what seemed impossible in over half a year of natural gas trading: The return to $3 pricing.

Render is bouncing back, after a tumultuous two-months saw holders endure a -40% bleed-out since May, but with resistance from moving averages on the way - is RNDR going to zero?

equity market witnessed an all-round selloff on Thursday even as the Reserve Bank of India (RBI) maintained a status quo on the repo rate and policy stance on expected lines but raised inflation projections for the current financial year due to the recent rise in vegetable, cereals and pulses prices. The six-member monetary policy committee (MPC) of the RBI unanimously decided to keep the repo rate unchanged at 6.50 per cent for the third straight meeting in a row. The MPC also decided to keep the policy stance unchanged as ‘Withdrawal Of Accommodation’.

Domestic benchmark index NSE Nifty ended 89.45 points down at 19543.1, while the BSE Sensex closed 307.63 points down at 65688.18. On the other hand, Hindustan Comp, Zee Ent., Antarctica Ltd, Niraj Cement and Sabar Flex India stocks hit their fresh 52-week highs today.

Oil India share price continued its upward trend and touched 52-week high for the second consecutive session on Thursday after the company posted a 4% rise in its net profit for the quarter ended June (Q1FY24) on the back of increased production, which offset a fall in price. Oil India share price today opened at ₹279.50 apiece on BSE. Oil India shares touched intraday high of ₹279.95 and low of ₹275.10.

Zee-Sony merger: After the news break by various television channels in regard to Zee-Sony merger, Zee Entertainment Enterprises Limited or ZEEL share price witnessed huge buying interest and ZEEL share price ascended from intraday low of ₹239.05 apiece to intraday high of ₹278.55 apiece within few minutes of of this stock market news spread. Comparing with Wednesday close of ₹242.25 per share levels, ZEEL share price today logged an intraday gain of around 15 per cent during Thursday deals.

inflation projection for the current fiscal by the Reserve Bank of India (RBI) on Thursday, while highlighting the global economic conditions, has dashed Dalal Street investors’ hope of a rate cut any time in the near future. Until the last policy meet, expectations were building for a longer pause and possibly, a rate cut later in FY24.

CIBIL Score can make your financial journey more turbulent than you’d like, and how you can get back on course by leveraging the Bajaj Finserv Credit Pass. Before we set sail, let’s recap what we know about this magic three-digit number. Ranging from 300 to 900, your CIBIL Score shows how responsible you are with money.

«Because of the fact that we offer multiple products to our customers, our customers are largely people who are the common man of the country, people in the middle income or low middle income segment of the country,» says Rishi Gupta, Fino Payments Bank.This entire payment bank experiment of the system, you have really done a great job. Many could not. And now I was just comparing, the way you have turned this quarter, you are on route to almost Rs 80 crore of profit for the full year versus say Rs 65 crore, roughly, give or take 5% last year. We all are reading about your plans of moving into a transition, into a small finance bank. When it does actually happen, how does the profitability outlook change or improve? What meaningful change actually happens then for you? From a Fino Payments Bank point of view, we have been doing this business for the last 17 years.

Bharat Forge Ltd. traded 1.02 per cent down at Rs 957.25 at 01:56PM (IST) on Thursday, even as BSE benchmark Sensex dropped 389.28 points to 65606.53. The stock had closed at Rs 967.1 in the previous session.

Pidilite Industries Ltd. rose 1.11 per cent to Rs 2576.0 in Thursday's trade. It hit an intraday high of Rs 2619.0 and low of Rs 2563.0, respectively, during the day.

Jubilant Foodworks Ltd. rose 1.36 per cent to Rs 494.3 in Thursday's trade. It hit an intraday high of Rs 502.45 and low of Rs 492.05, respectively, during the day.

Shree Cements Ltd. traded 1.55 per cent down at Rs 23963.0 at 01:35PM (IST) on Thursday, even as BSE benchmark Sensex dropped 293.22 points to 65702.59.

Voltas Ltd. traded 0.33 per cent lower in Thursday's session at 01:30PM (IST).

RBI MPC Meeting: Growth resilient but inflation remains a risk; key takeaways from RBI policy decision RBI is concerned due to uneven monsoon in some parts of the country which has contributed to an increase in vegetable prices. The central bank expects that headline inflation will increase in the next couple of months. That is why the RBI raised the CPI (consumer price index) inflation, also known as retail inflation, targets to 5.4 per cent for FY24 versus an earlier projection of 5.1 per cent.

Small-cap stock below ₹5: GG Engineering shares are one of the newsmaker scrips in stock market today. The penny stock has attracted foreign institutional investor's attention as Mauritius-based FII Vikas Global Fund PCC has bought fresh stake in the small-cap stock priced below ₹5. The FII bought 45 lakh company shares paying ₹1.40 per share.

Vedanta Ltd. traded 0.15 per cent up at Rs 243.5 at around 12:23PM (IST) on Thursday. The stock had closed at Rs 243.85 in the previous session.