Lowe's Financial News

ICICI Prudential Life Insurance Company Ltd. rose 0.96 per cent to Rs 571.0 at 11:49AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.

LTI Mindtree share price gained over 1% and touched a new 52-week high on Wednesday's trading session after the technology major replaced housing finance giant, Housing Development Finance Corporation Ltd (HDFC) on the Nifty 50 index on Tuesday. LTI Mindtree shares opened at ₹5,373.05 apiece on BSE. The stock hit a intraday high of ₹5,425 and low of ₹5,225.

Samvardhana Motherson International(up 7.75 per cent), Hero MotoCorp(up 2.1 per cent), Balkrishna Industries(up 1.5 per cent), Bharat Forge(up 1.37 per cent) and Bajaj Auto(up 1.05 per cent) were among the top gainers. Eicher Motors(down 0.67 per cent), TVS Motor Company(down 0.61 per cent), Tata Motors(down 0.58 per cent), Mahindra & Mahindra(down 0.28 per cent) and TIINDIA(down 0.23 per cent) were the top losers on the index.

Pidilite Industries Ltd. gained 1.66 per cent to Rs 2616.05 in Wednesday's trade as of 11:17AM (IST).

Voltas Ltd. gained 0.17 per cent to Rs 760.35 at 11:12AM (IST) in Wednesday's trade.

Genus Pwr Infra, HPL Electric Power, Sunflag Iron, MRPL and Ahluwalia Contr, hit their fresh 52-week highs at 11:26AM(IST)on NSE. Benchmark NSE Nifty index fell 16.05 points to 19372.95 amid selling in frontline bluechip stocks.

Indian Hotels Company Ltd. rose 0.71 per cent to Rs 383.25 in Wednesday's trade. It hit an intraday high of Rs 383.85 and low of Rs 376.85, respectively, during the day.

Domestic benchmark index NSE Nifty fell 3.35 points to 19385.65, while the BSE Sensex traded 43.99 points down at 65435.06. On the other hand, Genus Pwr Infra, HPL Electric Power, MRPL, Swelect Energy and Shivalik Bimetal stocks hit their fresh 52-week highs today.

«Essentially, if we see last financial year was a very exciting year for us because we saw an amazing set of opportunities at the right price point as well as the micro markets and locations. We were very clear we wanted to take our presence stronger,» says Gaurav Pandey, MD & CEO, Godrej Properties.Specifically talking about Godrej Properties, given the spate of land acquisitions you have done recently, how is business development expected to pan out for the full year? And also, do you think your business development guidance would be a bit conservative as opposed to last year?Essentially, if we see last financial year was a very exciting year for us because we saw an amazing set of opportunities at the right price point as well as the micro markets and locations. We were very clear we wanted to take our presence stronger.

Lupin Ltd. rose 0.75 per cent to Rs 897.6 at 10:56AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

IDFCBANK(up 2.86 per cent), IndusInd Bank(up 2.73 per cent), ICICI Bank(up 1.78 per cent), Punjab National Bank(up 1.49 per cent) and Bank of Baroda(up 0.44 per cent) were among the top gainers. Bandhan Bank(down 4.56 per cent), HDFC Bank(down 3.01 per cent), AU Small Finance Bank(down 1.82 per cent), Kotak Mahindra Bank(down 0.34 per cent) and Axis Bank(down 0.2 per cent) were the top losers on the index.

The S&P Global India services Purchasing Managers' Index (PMI) fell to 58.5 last month from 61.2 in May. Data on Tuesday showed that India's manufacturing PMI fell to 58.7 in June from 57.8 in May. As a result, India's composite PMI reading retreated to 59.4 in June from 61.6 in May.

Forge Ltd. gained 0.47 per cent to Rs 840.2 in Wednesday's session as of 10:41AM (IST) even as the equity benchmark Sensex traded 98.16 points lower at 65380.89. Earlier in the day, the stock witnessed a gap up start to the session.

Trent Ltd. slipped 1.0 per cent to Rs 1718.95 in Wednesday's trade as of 10:46AM (IST). It hit a high of Rs 1741.95 and low of Rs 1716.0 during the session.

Crompton Greaves Consumer Electricals Ltd. gained 0.84 per cent to Rs 289.15 at 10:20AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 290.0 and low of Rs 287.0 so far during the session.

tomatoes has been the subject of much discussion in recent days, the prices of other vegetables are also rising in many Indian states. According to a report in the Times of India, vegetable prices in Patna have increased significantly since the beginning of May. While the maximum hike has been in the price of tomatoes, the prices of other vegetables have also shot up, including cauliflower, cabbage, lady finger, etc.

SRF Ltd. rose 0.02 per cent to Rs 2273.9 in Wednesday's trade. It hit an intraday high of Rs 2284.45 and low of Rs 2266.3, respectively, during the day.

Shree Cements Ltd. traded 0.03 per cent up in Wednesday's trade at 10:15AM (IST). Around 55 shares changed hands on the counter.

Yes Bank on Wednesday reported a 7.7% year-on-year (YoY) jump in its loans and advances at Rs 2,00,308 crore for the quarter ended June 30, 2023. The figure rose just 0.1% sequentially as against Rs 2,00,201 crore in the March 2023 quarter. The advances growth normalised for ARC transactions witnessed a 10% YoY and 0.1% QoQ rise.

Macquarie Bank boss Greg Ward says the lender slowed its push into the residential mortgage market because he suspected aggressive cash offers and refinancing terms had pushed rivals to write loans at large losses.

Big Tech, the European Commission on Tuesday announced new rules to help watchdogs work on cross-border cases at a faster clip. Critics say investigations take too long and fines are too low to deter privacy breaches by Big Tech companies, undermining the goal of landmark EU rules known as the General Data Protection Regulation which came into force in 2018.