Lowe's Financial News

₹18.45 apiece on NSE, logging around 2.20 per cent intraday rise during early morning deals against its Friday close price of ₹18.05 per share levels. However, profit booking soon triggered and Yes Bank stocks started drifting southwards making intraday low of ₹17.70 apiece on NSE. According to stock market experts, Yes Bank Q1 results 2023 were declared on Saturday and Dalal Street is reacting to its quarterly numbers.

Ambuja Cements Ltd. traded at Rs 422.55 on BSE at 10:20AM (IST) on Monday, up 1.54 per cent from previous close. The scrip quoted a 52-week low price of Rs 315.3 and a high of Rs 598.15.

BANGKOK (Reuters) — Thailand's industrial sentiment rose for the first time in three months in June, bolstered by higher domestic demand, but sluggish exports and uncertainty over the formation of a new government remained a worry, an industries group said on Monday.

SYDNEY (Reuters) — A look at the day ahead in European and global markets from Stella Qiu

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₹2.09 lakh crore during the FY23, according to information obtained through Right to Information (RTI) queries. This brings the total loan write-offs by the banking sector to a significant ₹10.57 lakh crore in the past five years, as per data provided by the Reserve Bank of India (RBI) to The Indian Express. Loan write-offs by banks increased to ₹209,144 crore during FY23, compared to ₹174,966 crore in FY22 and ₹202,781 crore in FY21, as per the RTI data.

By Lewis Jackson

The markets took a sharp corrective turn today as the NIFTY50 index ended with a cut, while the Banknifty relatively underperformed the Nifty. The markets saw a gap-down opening.

China's central bank sold cash deposits at 2%, the lowest on record, pressured by reductions in deposit rates at commercial lenders and market expectations of more monetary easing. The People's Bank of China (PBOC) sold 60 billion yuan ($8.35 billion) worth of finance ministry one-month deposits 75 basis points lower than the previous auction in May.

Reliance Industries share price fell 2.3% to a low of Rs 2,481 in trade on Monday as the street factored in Mukesh Ambani-led RIL’s first quarterly earnings for the fiscal year. Reliance Industries released its first quarter earnings with profit at Rs 16,011 crore, down 10.8% in comparison to Rs 17,955 crore during the first quarter of FY23, on account of softening demand and a drop in petrochemical margins, which have tanked from record highs last year. On account of higher finance cost and increased depreciation. It posted revenue from operations at Rs 2,10,831 crore, down 5.3% on-year.

equity market is expected to open on a cautious note on Monday following a mixed trend in Asian peers. The trends on Gift Nifty suggests a negative start for the Indian benchmark index. The Gift Nifty was trading lower at 19,730 as compared to the Nifty’s Friday’s close of 19,745.00,  Nifty was just 9 points away from hitting the 20,000 mark last week.

"Polycab numbers came out to be really strong. I think that as a space, if you look at the numbers revenue of 40%, bottom line up 80%, and very strong order momentum," says Chakri Lokapriya, CIO & MD, TCG AMC.Just wanted your take in the meantime regarding the entire real estate pack and by real estate, I also mean the ancillaries, building materials, consumer durables, wires and cable companies etc. What is the best theme, do you think, out of this that you would want to take a bet on?Polycab numbers came out to be really strong.

Dhaka Tribune report. The total number of dengue cases recorded this year is 32,977 along with 25,626.

Investing.com-- Gold prices fell slightly on Monday as anticipation of a key Federal Reserve meeting kept investors wary at the beginning of the week, while copper prices nursed steep losses on concerns over slowing demand in China.

By Tom Westbrook

investors have the appetite to keep the party on Dalal Street going after pumping billions of dollars into Indian equities in the past four months? With the near-uninterrupted 17% rally from the 2023 lows in March taking domestic benchmark indices to record highs and pushing share valuations to elevated levels, there are concerns that the market may be overheated in the near term which could result in foreigners moderating their purchases of local stocks. Foreign portfolio investors (FPIs) net sold shares worth ₹1,998.8 crore on Friday — their first day of selling after six days and the second in July so far — resulting in the Sensex and Nifty dropping over 1% each.

Reliance Industries, India's most valuable company, may decline on Monday after the company's June quarter results fell below the estimates of a section of the market. The perceived earnings miss, which has come on the heels of the 31% record-breaking surge in the stock price from its 2023 lows in March, could dampen investor sentiment in the absence of near-term positive triggers, said analysts.

MUMBAI : Small investors, who piled on to shares in the three years to 31 March, have turned net sellers in the June quarter despite the market rallying 14% from a March low to record highs by June-end on robust purchases by foreign portfolio investors (FPIs). Market experts attributed the selling by small investors to a combination of initial scepticism about the rally and the need to meet margin calls on loss-making derivatives positions.

Vodafone Idea (Vi) has failed to renew some lapsed bank guarantees (BGs) — some as low as Rs 99 lakh — and sought more time from the Centre to replenish them, underscoring the precarious financials at the debt-laden telco that is continuously losing subscribers to two of its bigger rivals. «Due to our weak financial position, we are not in a position to issue replacement BGs of Rs 99 lakh and Rs 32.49 crore as this requires 100% cash margin to be provided to the banks,» Vi said in a letter dated July 7 to the Controller General of Communication Accounts (CGCA-revenue wing) in the Department of Telecommunications (DoT). The telco also said it has been unable to renew additional BGs of undisclosed sums issued by Kotak Mahindra Bank due to its continuing financial constraints. ET has seen a copy of the letter. Kotak's BG exposure to Vi, at present, is within Rs 10 crore, a person aware of the developments told ET.

Diwali at a price less than Rs10,000, is likely to reverse the trend. Uncertain macroeconomic environment with high inflation, rising unemployment, low wage increases and a K-shaped recovery of the economy has forced consumers to hold on to their phones longer than ever. The inventory build-up also impacted shipments in Q1 and a rise in sale of refurbished phones has begun to impact sales of new phones as well.

The airline had filed for voluntary insolvency proceedings on May 3 before the Mumbai bench of the NCLT, attributing the decision to protracted delays in sourcing airworthy engines from Pratt & Whitney (P&W). The Insolvency and Bankruptcy Code (IBC) provides for priority funding after a company has been admitted in NCLT at higher rates. This is considered in corporate insolvency resolution process (CIRP) costs and remains above banks' in the priority list of repayment, people familiar with the matter said.Bank of Baroda (BoB) and Central Bank of India (CBI), the two lead lenders for the grounded airline, have in principle agreed to lend Rs 450 crore, but needs approval from their board.