Lowe's Financial News

Ambuja Cements Ltd. slipped 1.27 per cent to Rs 456.9 in Tuesday's trade as of 10:40AM (IST). The stock hit a high price of Rs 468.0 and low of Rs 454.1 during the session.

Domestic benchmark index NSE Nifty fell 31.7 points to 19722.1, while the BSE Sensex traded 89.47 points down at 66438.2. On the other hand, Jeena Sikho Lifecare, Orient Green Pwr, KIOCL, Dilip Buildcon and IFGL Refractories stocks hit their fresh 52-week highs today.

Vedanta Ltd. rose 0.15 per cent to Rs 276.5 at 10:50AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

NMDC, part of the industrial minerals space, rose more than 10% in a month and recorded a breakout from a ‘W’-shaped pattern on the weekly charts which suggests that bulls are here to stay. The stock hit a 52-week high of Rs 131 on 13th January 2023 but failed to hold on to the momentum. It found support above Rs 100 level once in May 2023 and then again in June 2023.

USCIS has completed random selection of applicants for H-1B visa, a statement released by them said. On July 29, USCIS had announced a second round of random lottery selection for H-1B visas for the fiscal 2024 (year ended September 30, 2024). «We now have randomly selected, from the remaining FY 2024 registrations properly submitted, a sufficient number of registrations projected as needed to reach the cap, and have notified all prospective petitioners with selected registrations from this round of selection that they are eligible to file an H-1B cap-subject petition for the beneficiary named in the applicable selected registration,» the statement said.

Tata Power Company Ltd. traded 2.41 per cent up in Tuesday's trade at 10:05AM (IST). Around 856,921 shares changed hands on the counter.

Bandhan Bank(up 1.84 per cent), IDFCBANK(up 1.43 per cent), HDFC Bank(up 0.39 per cent), Punjab National Bank(up 0.16 per cent) and ICICI Bank(up 0.05 per cent) were among the top gainers. IndusInd Bank(down 0.52 per cent), AU Small Finance Bank(down 0.35 per cent), Federal Bank(down 0.22 per cent), State Bank of India(down 0.19 per cent) and Bank of Baroda(down 0.17 per cent) were the top losers on the index.

Benchmark NSE Nifty index rose 35.4 points to 19789.2 amid buying in frontline bluechip stocks. However, stocks such as SMVD Poly Pack, Advitiya Trade India, Jalan Transolutions, Viji Finance and UPL, touched their fresh 52-week low.

Maruti Suzuki India (MSIL) set its foot on the gas pedal with a two-fold year-on-year jump in its net profit, the EBITDA miss acted as an unwanted speed breaker, inviting a 'Sell' recommendation from CLSA. The stock on Tuesday fell by 1.4% on NSE to the day's low of Rs 9,680.50 and was one of the worst performers in the Nifty pack in the opening trade. Notwithstanding the miss, domestic brokerages remain gung-ho about the prospects of the country's bellwether carmaker and expect a market share gain, going ahead.

Ipca Laboratories(up 2.0 per cent), Laurus(up 1.15 per cent), Zydus Lifesciences(up 1.14 per cent), Dr Reddys Laboratories(up 1.08 per cent) and Divis Laboratories(up 0.8 per cent) were among the top gainers. Natco Pharma(down 0.84 per cent), Abbott India(down 0.12 per cent) and Glenmark Pharmaceuticals(down 0.04 per cent) were the top losers on the index.

The markets had a relatively quiet day. They extended their up-move and ended the day with modest gains.

Suresh Narayanan, Chairman & MD, Nestle India, in conversation with Nikunj Dalmia of ET Now. Narayanan says “there is already a very healthy confidence and capability that we bring to the table as far as the prepared dishes are concerned.

India VIX was up by 2.69% from 10.14 to 10.41 levels on Monday. Volatility cooled off after spiking during the day but has been overall hovering near its lower band.

Nifty also indicate a start in the green for the Indian benchmark index. The Gift Nifty was trading flat at around 19,890 level as compared to Nifty’s previous close of 19,753.80. Nifty bounced on Monday after weakness in the last couple of sessions.

Day trading guide for today: After falling for two straight session, Indian stock market ended higher on Monday following positive. Taking cue from positive global market trends, NSE Nifty ended 107 points higher at 19,753 levels, BSE Sensex surged 367 points and closed 66,527 while Bank Nifty gained 183 points and closed at 45,651 levels. Broad market outperformed key benchmark indices as both small-cap and mid-cap indices climbed to a new peak on Monday session.

analysts. These stocks are expected to return between 13% and 41% as per analysts’ targets.Bank of IndiaBROKERAGE: MORGAN STANLEY Price Target: Rs 120 CMP: Rs 85.39 Upside: 40.5%

The multiyear trend favoring exchange-traded funds over mutual funds is on full display in the latest Trends in Portfolio Construction report from Fidelity Investments.

Republican presidential hopeful Ron DeSantis is taking aim at China with a 10-point economic plan he's calling a “Declaration of Economic Independence.”

₹701.17 crore in the Indian markets on Monday. “While FIIs remained net buyers of Indian equities in July, overseas fund flows could be choppy this week as a depreciating currency against the dollar after the Fed’s interest rate hike by 25 bps can prompt them to offload their holdings in local equities," said Shrikant Chouhan, head of research, retail, Kotak Securities Ltd. Moreover, the Fed‘s indication of an additional rate hike amid the uncertain inflation trends may influence global investor sentiments, that may lead to fund outflow from emerging markets while bolstering investments in secure US bonds, said Chouhan In fact, FPIs had started curtailing positions a few days prior to the rate hike in anticipation of the Fed’s move, said analysts.

Indian equity investors were on a wing and a prayer after every transaction on the stock exchanges. Few were sure about receiving their money for the shares sold, and fewer were confident that they could smoothly transfer the ownership of shares in their names even after paying up. Today, trading and payments are seamless and quick, thanks to Sebi’s tireless efforts since the 1990s to clean up the opaque system dominated by a small group.

Last week, the Bank of Japan shocked markets by deciding to raise the yield curve tolerance range of the Japan 10-Year Treasury bond yield to 1%. This marked a significant step towards reversing years of ultra-accommodative monetary policy. However, Bank Governor Ueda emphasized that this move is just a correction, and their main focus remains to achieve sustained inflation.