Lowe's Financial News

Tech Mahindra shares plunged nearly 4% on Thursday to hit the day's low of Rs 1,098.15 on the NSE after a clutch of brokerages retained their adverse ratings on the stock and slashed their targets following the September quarter earnings posted by the company on Wednesday. Among foreign brokerages, Jefferies maintained an underperform view. In the domestic pack, Kotak Institutional Equities and Nuvama recommended a reduce stance on the counter while Motilal Oswal suggested a Neutral call.

yellow metal prices, MCX gold and silver futures traded with strength. MCX December gold futures were trading at Rs 60,977 per 10 gram, up by Rs 151, or 0.25%. They are at five month high levels.

Crompton Greaves Consumer Electricals Ltd. traded 0.47 per cent down at Rs 282.9 at 10:40AM (IST) on Thursday, even as BSE benchmark Sensex dropped 702.79 points to 63346.27.

BSE Sensex today opened lower at 63,774 levels and went on to hit intraday low of 63,403 within few minutes of stock market's opening bell today. The 30-stock index has been under sell of heat for the last six days and it has fallen from 66,428 levels to 63,403 levels, losing over 3,000 points in this time. Nifty 50 today opened lower for sixth day in a row and hit intraday low of 18,920 levels, losing around 890 points in this time.

defence spending would boost the economy. “We can reap a genuine peace dividend this year and then year after year, in the form of permanently reduced defence budgets," he declared in 1992. The world took note.

onion touched Rs 50/kg in Delhi on Wednesday as well as in some markets of Maharashtra. Onion prices are expected to continue to rise till December, when the new kharif crop is expected to hit the markets after a delay of nearly two months. «The average price of onions in Ahmednagar market has increased from about Rs 35/kg about around 10 days ago to Rs 45/kg now,» said Nandkumar Shirke, chairman, Association of Onion Traders of Ahmednagar District.

depression over the south of Mizoram, a senior scientist with the India Meteorological Department (IMD), Bhubaneswar informed on Wednesday. Umashankar Das, a senior scientist at IMD Bhubaneswar, said, "Cyclone Hamoon has weakened significantly and now lies as a depression over the south of Mizoram. This very severe cyclone storm packed winds gusting at between 130 and 145 Kmph while it is inside the Bay of Bengal.

Day trading guide for today: Amid uncertainties associated with the Israel-Hamas war, global market sentiments continue to remain under sell off heat and Indian stock market ended lower on fifth day in a row on Wednesday. Nifty 50 index lost 159 points and closed at 19,122 levels, BSE Sensex corrected 522 points and ended at 64,049 mark whereas Bank Nifty index nosedived 319 points and closed at 42,832 levels.

₹4 crore Lamborghini on Dussehra. Netizens pointed out that her past protests against a Metro car shed construction in Aarey forest and said that it is the same person who have now purchased a fuel-driven car.

Sensex closed 522.82 points lower at 64,049.06, while the Nifty 50 ended at 19,122.15, down 159.60 points, or 0.83%. Nifty 50 formed a long bear candle on the daily chart, signaling back-to-back sharp declines in the market in the last two sessions. This also indicates a decisive downside breakout of the immediate supports around 19,300-19,250 levels.

By Ankur Banerjee

At this stage, only weekly time frames are important as we track «Crash Watch». It's a tricky situation as the S&P 500 and Nasdaq don't look vulnerable, but the Russell 2000 (IWM) is really struggling.

Investing.com-- The Japanese yen weakened past the key 150 level to the dollar on Thursday, raising the chances of intervention in currency markets by the government and also putting pressure on the Bank of Japan to consider tightening policy. 

Investing.com-- Oil prices moved little in Asian trade on Thursday as markets hunkered down before key U.S. economic data due later in the day, while focus also remained on any more developments in the Israel-Hamas war. 

groundwater depletion tipping point and its entire northwestern region is predicted to experience critically low groundwater availability by 2025, according to a new report by the United Nations. Titled "Interconnected Disaster Risks Report 2023" and published by the United Nations University — Institute for Environment and Human Security (UNU-EHS), the report highlights that the world is approaching six environmental tipping points: accelerating extinctions, groundwater depletion, mountain glacier melting, space debris, unbearable heat and an uninsurable future. Environmental tipping points are critical thresholds in the Earth's systems, beyond which abrupt and often irreversible changes occur, leading to profound and sometimes catastrophic shifts in ecosystems, climate patterns and the overall environment.

A senior Armenian official visited Delhi recently and held discussions in this regard, said people with knowledge of the matter. India has emerged as a credible weapons supplier as per Armenia's requirements, they said. Details of fresh supplies are not known yet but the consignment could include equipment that would help to create a deterrence amid the conflict-like situation with Azerbaijan, according to observers in Armenia, who did not wish to be identified. The last consignment sent by India to Armenia included Pinaka multi-barrel rocket launchers, anti-tank missiles, rockets and ammunition.

GoI has announced that it will raise green bonds worth ₹20,000 crore this financial year. Earlier, RBI published a paper on green deposits outlining a framework. While the purposes are clear, three aspects must be examined: the product's price, the deployment of funds, and the system of incentives provided to enable successful issuances. Pricing: This is foremost for a successful issue.

New Delhi had suspended all visa facilities in Canada after allegations by Prime Minister Justin Trudeau over Indian involvement in the killing of Khalistani terrorist Hardeep Singh Nijjar. Several visa categories have now been opened by India. «After a considered review of the security situation that takes into account some recent Canadian measures in this regard, it has been decided to resume visa services for the following categories with effect from October 26, 2023.

Congress on Wednesday said the Reserve Bank of India's latest bulletin shows worrisome trends about the state of the economy, and pointed a finger at the Centre for it. AICC communication in-charge Jairam Ramesh said RBI's October bulletin, compared to the previous one, showed the continuing or worsening of a range of negative indicators, including a 47-year low in the savings growth rate, a stagnation of domestic credit to the private sector, and a flat labour-force participation rate. «A major reason for the low net savings growth is that there was a huge spike in household liabilities.

TORONTO (Reuters) — Below are some key quotes from a news conference by the Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (NYSE:ROG) on Wednesday after the central bank held key interest rate at 5%.

₹3,200 per share in the unlisted market, up from ₹2,750 a share a year back, according to analysts and investment bankers, owing to low supply and high demand. PE funds that invested in the stock even four years back at a price of ₹1,100 a share have already made 3x returns on their investments, investment bankers said. Even investors, mostly HNIs and neo rich who bought at ₹2,200 a share two years back have managed to get their capital back with the high dividend the company paid.