Lowe's Financial News

Nykaa) remain encouraging, it has failed to reflect in the performance of the stock in recent months. After seeing rampant selling in 2022, shares of most new-age consumer technology companies rebounded sharply in 2023. However, the “Nykaa” brand owner is missing from the list.

Indian Oil Corporation Ltd. traded 3.02 per cent up in Thursday's trade at 10:00AM (IST). Around 1,004,354 shares changed hands on the counter.

₹383 on BSE on January 19, 2023. They hit their 52-week low of ₹242.40 on July 6, 2022. In the last one year, shares of Hindustan Zinc have risen 29 per cent against a 22 per cent gain in the equity benchmark Sensex.

RPP Infra Projects share price gained over 14% to record a new 52-week high on Thursday's trade following an order win worth ₹289.30 crore. RPP Infra Projects shares opened at ₹64.69 apiece on BSE. The stock hit intraday high of ₹66.07 and low of ₹63.05.

backdoor entry to invest in the steel sector. HEG does not directly manufacture or trade steel, but it manufactures furnaces in which steel is manufactured. Hence, its performance is directly linked with the performance of the entire steel sector.

U.S. stocks' tendency to move in sync has plunged to near-record lows, but what might seem like a stock picker's dream may actually be a mirage, and investors may be in for a rude awakening. S&P 500 correlation — a gauge of herd behavior, which measures how closely daily returns of index constituents align over a month — slipped to 0.22 at the end of June, close to the lowest since November 2021, according to data from S&P Dow Jones Indices.

Treasury yield curve to its deepest inversion since 1981 on Monday, once again putting a spotlight on what many investors consider a time-honored recession signal. The U.S. central bank has hiked interest rates aggressively over the last year to fight inflation that hit around 40-year highs and remains above its 2% target rate.

Wall Street's main indexes ended with modest declines on Wednesday as investors digested minutes from the U.S. Federal Reserve's latest meeting and braced for significant economic data in the days to come. Minutes showed a united Fed agreed to hold interest rates steady at the June meeting as a way to buy time and assess whether further rate hikes would be needed.

«I think that it is a great opportunity, usual disclosure we and our clients are invested, and I think that around these levels also Eicher Motors is a decent proposition. It is not going to be like a multi-bagger it has been in the past, but I expect it to outperform the index at least in the near future, in medium term as well and there is a lot of fear around the two launches which have been taking place from Hero MotoCorp and Bajaj Auto,» says Dipan Mehta, Director, Elixir Equities.Cars, bikes it is a problem of plenty out there, what would we first talking about? And this is the reason why we are very positive on the auto industry.

By Rae Wee

Investing.com-- Gold prices steadied on Thursday after falling in the prior session as the minutes of the Federal Reserve’s June meeting showed that policymakers supported more rate hikes, presenting a dour outlook for metal markets.

Vande Bharat trains that have been experiencing low occupancy. Railway officials have stated that this fare reduction is being implemented to make the train fares more affordable and accessible to the general public, as reported by The Hindustan Times. “Fares of Vande Bharat trains on the Indore-Bhopal, Bhopal-Jabalpur, Nagpur-Bilaspur routes and a few more are being reviewed and may be reduced for attracting more travellers," an official close to the development told HT.

Joe Biden will announce a $60 million investment from Enphase Energy Inc, a manufacturer of solar-energy equipment when he travels Thursday to South Carolina, according to a report published by Bloomberg.  With this move, around 1,800 new jobs will be created across the United States including 600 in South California between Enphase and its partner multinational manufacturing giant Flex Ltd, the White House said in an official statement.  Enphase aims to open up six new manufacturing lines, bolstering clean-energy supply chains and helping power as many as one million homes per year with solar energy, Bloomberg reported.  The manufacturer's visit to South California comes as the US President is heightening his reelection campaign with a series of events to champion his administration’s accomplishments — in particular his economic agenda, which the White House has taken to calling Bidenomics.  He has been highlighting his efforts to create manufacturing jobs in the US as a centerpiece of his efforts, boosted in part by legislation he signed into law including the $370 billion Inflation Reduction Act and the $52 billion CHIPS and Science Act. Joe Biden argued that those laws will bring deep and lasting changes to the American economy, yet despite a boom in factory construction, many of those facilities won’t come online for years, a challenge for a president whose economic record will be central to his reelection prospects.

rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans. India accounts for more than 40% of world rice exports, which were 56 million tonnes in 2022, but low inventories mean any cut in shipments will fuel food prices driven up by Russia's invasion of Ukraine last year and erratic weather. «India was the cheapest supplier of rice,» B.V.

Sensex sliding 33 points and Nifty gaining 9 points after an unabated record-breaking rally in the last few trading sessions. Weak global market trends and fall in HDFC twins also spoiled markets party.

China’s currency has weakened too far and too fast for its central bank. The onshore yuan, also called the renminbi, has lost around 4.8% of its value since the start of the year, according to FactSet. A dollar on Wednesday bought 7.2432 yuan in mainland China, a rate that is heading toward a 15-year low set last November.

Is China reopening to the world or turning inward again? Many would argue the latter, but in one important way, the country is still going global: Residents appear to be leaving at a faster clip than they have in years, including a significant number of the wealthy and well-educated the nation needs to keep modernizing and investing. Rising numbers of footloose Chinese in 2023 shouldn’t be a surprise. Getting out of the country is easier again now that pandemic controls have been dropped.

PMI Business Activity Index to 58.5 in June, compared with 61.2 in May. This is the second month of decline after services PMI had scaled a 13-year high of 62 in April. A value of over 50 denotes expansion. Despite the easing, growth prospects strengthened as firms expected demand conditions to improve. “Demand for Indian services continued to surge higher in June, with all four monitored subsectors registering quicker increases in new business inflows,” said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence. The 400 service firms highlighted healthy demand and marketing initiatives as major contributors for the uptick in new business. The better outlook bodes well for the economy, as manufacturing is expected to ease owing to the global slowdown.

Nifty finished close to the 19,400 mark. Gains were capped by weak global cues and moderate Service PMI data. Global investors' risk appetite was weakened by uncertainty around the upcoming release of FOMC minutes.

By Tim Reid and Nathan Layne

MUMBAI : Private sector banks saw the share of low-cost current and savings account (Casa) deposits contract in the first three months of the current financial year as customers chasing better returns preferred to park funds in fixed deposits, showed business updates by individual banks. The trend was visible across large lenders like HDFC Bank as well as smaller ones like IndusInd Bank, IDFC First Bank, Federal Bank and Yes Bank, business updates by individual banks showed. IDFC First Bank and Bandhan Bank recorded the sharpest sequential dip in Casa ratio, with a decline of 330 basis points (bps) in the first quarter.