Lowe's Financial News

Adani Power Ltd. gained 3.13 per cent to Rs 245.5 at 10:20AM (IST) in Tuesday's trade. The stock hit a high of Rs 246.45 and low of Rs 235.7 so far during the session.

Bajaj Holdings & Investment Ltd. rose 0.88 per cent to Rs 7490.05 in Tuesday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 19669.85, down 2.5 points. The scrip had closed at Rs 7424.9 in the previous session.

Odisha after the formation of a cyclonic circulation over the Bay of Bengal off the coast in the southern part of the state. «Under its influence, a low pressure area is likely to form over the region… The system is likely to concentrate into a depression around July 26,» the IMD said in its Tuesday evening bulletin.

ITC share price continued its downward movement for the second staright day on July 25, a day after the company officially announced the demerger of its hotel business. ITC shares opened at ₹469.95 against yesterday's close of ₹470.90 on BSE, and then fell further to hit a low of ₹455.95.

Asian shares jumped on Tuesday as China's pledge to step up policy support for its stuttering economy soothed sentiment and lifted beaten down Hong Kong and Chinese stocks, while the dollar eased ahead of the Federal Reserve meeting this week. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.2% higher and on course to snap a six-day losing streak.

euro hit a two-week low on Tuesday as a worsening downturn in euro zone business muddied the bloc's rate outlook against a still-hawkish European Central Bank (ECB), while the dollar rose ahead of this week's trio of major central bank meetings. The offshore yuan strengthened in early Asia trade, following comments from China's top leaders on Monday pledging to step up policy support for its flailing economy. The euro was shaky at $1.1063, up just 0.02% having slumped to a two-week low of $1.1059 earlier in the session, after a survey on Monday showed euro zone business activity shrank much more than expected in July, reigniting recession fears.

Provident Fund Organisation (EPFO) to increase the interest rate of deposits in Provident Fund (PF) to 8.15%. The new rate will be applicable for this financial year.  Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund (EPF) deposits to 8.15 per cent for 2022-23 for its over six crore subscribers. As per an official order issued on Monday, the EPFO has asked the filed offices for crediting the interest at 8.15 per cent on EPF for 2022-23 into the accounts of members.

Day trading guide for today: Dragged down by profit booking in Reliance, leading IT and bank stocks, Indian stock market ended lower on second day in a row. NSE Nifty went off 72 points and closed at 19,672 levels while BSE Sensex finished 299 points lower at 66,384 mark.

Investing.com-- Most Asian stocks kept to a tight range on Tuesday as markets awaited more cues from a Federal Reserve meeting this week, while Chinese markets rose sharply after top officials promised more policies to support growth. 

Virgin Australia workers have ramped up their campaign for better conditions and a bid to secure shares in its initial public offering.

«We expect some cautiousness ahead of the US Fed meeting where a 25 bps hike is expected, while investors keenly await commentaries. With the quarterly earnings season now at full pace during the week, we expect stock-specific action to continue in the market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a shift in trading range in between 19500 to 20200 zones while an immediate trading range in between 19600 to 20000 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 26 points, or 0.13 per cent, lower at 19,712, signaling that Dalal Street was headed for negative start on Tuesday.

Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as investors bet on sectors beyond technology in a week filled with earnings reports and a Federal Reserve meeting. «What you're seeing now is people broadening the breadth of the market,» said Randy Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research. «People are starting to maybe take some profits (in tech) and invest in other parts of the markets that they might see a little bit better bargain.» Investors are awaiting Microsoft, Google-owner Alphabet and Meta Platforms earnings this week, which will show whether their stocks justify sky-high valuations.

Nifty indicate a gap up opening for the Indian benchmark index. The Gift Nifty was trading flat at around 19,713 level as compared to Nifty’s previous close of 19,672.35. The Nifty index witnessed a bout of profit booking in the previous session after mixed Q1 results from some companies and fell for the second consecutive session.

Home prices are again on the rise after a brief dip last year, complicating the Federal Reserve's effort to contain inflation and raising questions about how much further policymakers will have to hike interest rates. Demand for homes around the country continues to outpace supply, despite a rapid rise in borrowing costs spurred by the US central bank.

By Stephanie Kelly

US business activity slowed to a five-month low in July, dragged down by decelerating service-sector growth, closely watched survey data on Monday showed, but falling input prices and slowed hiring indicate the Federal Reserve could be making progress on important fronts in its bid to reduce inflation. S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 52 in July from 53.2 in June.

Indian Institute of Science shed light on the enigmatic 'gravity hole' in the Indian Ocean recently, uncovering its formation linked to ancient ocean movements and hot magma plumes. In this unique region, the gravity of Earth is very low and the sea level has also been found to be over 106 m lower than the global average. The Indian Ocean Geoid Low (IOGL) as it is called is a vast area spanning approximately three million square kilometers. It baffled scientists due to its unusual sea level dip caused by gravitational forces near the Indian subcontinent. Investigating the Earth's internal structure, researchers discovered that the gravitational field of the planet is non-uniform due to variations in density and mass distribution. By examining how tectonic plates moved over 140 million years, the study led by Debanjan Pal and Attreyee Ghosh revealed a significant event in the Earth's past when an ancient ocean delved beneath the crust and interacted with molten rock nearly 30 million years ago. This study has been published in the journal, Geophysical Research Letters. Computer simulations indicated that plumes of hot, low-density magma were crucial for the gravity hole to form, with the first plume emerging about 20 million years ago, subsequently intensifying the gravity anomaly. The researchers emphasized the significance of these plumes in generating the IOGL, while also acknowledging the contribution of lower mantle Tethys slabs in forming the geoid low. This study not only unravels the mystery of the Indian Ocean's 'gravity hole' but also sheds light on the intricate interplay of Earth's geophysical forces that shape our planet's surface.

Borrowers in Sydney’s south-western suburbs and in Melbourne’s north-west are more than twice as likely to be a month or more behind paying their home loans, data compiled by ratings agency S&P has found.

By Samrhitha A and David Shepardson

Edited excerpts: What’s your view on JSW Steel’s Q1 performance amid challenges posed by declining steel prices and rising coal costs? In Q1, JSW Steel did fairly well. Higher coal costs seen in February-March came into cost structure during Q1. Coking coal prices rose by $11 a tonne over Q4, and we were able to mitigate that through a better blend.

The distinct path that retail investors are charting for themselves from foreign investors is remarkable. According to stock exchange data, small investors—those investing up to Rs2 lakh of a company’s equity capital—turned net sellers in the three months ended 30 June, cutting their stakes in 253 of 439 Nifty 500 companies.