Lowe's Financial News

Australia’s central bank has left its benchmark interest rate at 4.1% after inflation fell to 5.6% in May from 6.5% a month earlier

By Ankur Banerjee and Harry Robertson

The Joe Rogan meme token has gained by more than 20,000% in the past 24 hours, with its price rocketing to $0.00001376 after the ROGAN/WETH pair was added to Uniswap yesterday.

Shares of Mahindra Lifespace Developers(up 2.97 per cent), Macrotech Developers(up 1.22 per cent), SOBHA(up 0.76 per cent), Brigade Enterprises(up 0.68 per cent) and Prestige Estates Projects(up 0.07 per cent) ended the day as top gainers in the pack. On the other hand, Godrej Properties(down 1.35 per cent), Indiabulls Real Estate(down 1.32 per cent), Oberoi Realty(down 0.75 per cent), DLF(down 0.68 per cent) and Phoenix Mills(down 0.09 per cent) finished as the top losers of the day.

Q2 as compared to the last quarter, mentioned a latest report by Cushman & Wakefield. According to the report, the office realty sector continues to witness a positive demand momentum with the half-yearly gross leasing volume standing at 33.1 msf, accounting for 46% of full year volume recorded in 2022 that was a historic high. Anshul Jain, Head of APAC Tenant Representation and Managing Director, India & South East Asia, commented – “India’s office real estate market continues with its growth momentum. A significant reason for its ability to buck the global recessionary headwinds is the rise in domestic demand. The entry of new GCCs and the ongoing expansion of the manufacturing and flex space segments are also helping the office sector widen its demand base. We can expect the exuberance seen last few quarters in office real estate to continue, if the momentum holds.” According to the report, Delhi NCR recorded the highest leasing volume of 3.6 msf which is 24.8% higher than the Q1-23 volumes. Pune and Bengaluru also recorded healthy leasing volumes of 3.1 msf & 3.0 msf respectively. Hyderabad, meanwhile, witnessed an impressive 61.7% Q-o-Q growth with the total leasing volume standing at 2.6 msf,” the report mentioned. The IT-BPM sector is the biggest contributor with 31% share of the total leasing volumes i.e around 5.3 msf. The flexible space, as an emerging asset class has a special role to play, the report further highlights. In H1-23, this segment once again contributed 13-14% to India’s GLV. With close to 15,700 seats take-up by enterprises in Q2, H1-23 saw total absorption of 36,500 seats across top-8 cities.

Commerce and industry minister Piyush Goyal on Tuesday said that the government’s role for startups, is that of a facilitator and not a regulator. At the Startup20 Shikhar summit in Gurugram, he also said that it is undesirable for governments to start regulating or micromanaging the startup ecosystem.

Bombay Metrics Suppl, Vilin Bio Med Ltd., Cell Point(India), Rajesh Exports and Viji Finance and others were among the stocks that touched their 52-week lows in today's trade. Domestic benchmark index NSE Nifty ended 66.45 points up at 19389.0, while the BSE Sensex closed 274.0 points up at 65479.05.

The residential market stepped into 2023 on a relatively stable footing with the first half of the year registering sales of 0.16 mn units, 1% lower in YoY terms. While this is the second highest sales volume in almost 10 years, the YoY growth has plateaued in H1 2023 compared to the strong double-digit growth seen in the preceding four half yearly periods, according to Knight Frank India’s flagship half-yearly report — ‘India Real Estate H1 2023’ — which tracks the ongoing developments that have impacted the residential and office segments across the top 8 cities.

palm oil imports jumped 49% from the previous month to their highest in three months as buyers took advantage of a dip in prices to their lowest in 28 months to increase purchases, six dealers told Reuters. A rebound in buying by the world's biggest vegetable oil importer would support Malaysian palm oil futures and help top producers Indonesia and Malaysia to trim inventories. Palm oil imports by India rose to 655,000 metric tons in June, up from 439,173 metric tons in May, according to average estimates from the dealers.

The chances that the U.S. will plunge into a recession this year are slipping. But the richcession? It’s still rolling.

Varun Beverages Ltd. traded 1.22 per cent up at Rs 808.2 at around 02:14PM (IST) on Tuesday. The stock had closed at Rs 818.15 in the previous session.

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DLF Ltd. traded 0.23 per cent down at Rs 492.0 at 01:43PM (IST) on Tuesday, even as BSE benchmark Sensex gained 420.43 points to 65625.48. The scrip had settled at Rs 493.15 in the previous session.

ICICI Prudential Life Insurance Company Ltd. fell 1.51 per cent to Rs 569.25 in Tuesday's session as of 01:37PM (IST) even as the equity benchmark Sensex traded 415.33 points higher at 65620.38. Earlier in the day, the stock witnessed a gap down start to the session.

Shriram Finance Ltd. traded 0.96 per cent up at Rs 1774.1 at around 01:48PM (IST) on Tuesday. The stock had closed at Rs 1757.25 in the previous session.

Bandhan Bank Ltd. traded at Rs 233.65 on BSE at 01:32PM (IST) on Tuesday, down 0.76 per cent from previous close. The stock quoted a 52-week low price of Rs 182.2 and a high of Rs 314.75.

Shree Cements Ltd. traded 0.31 per cent down at Rs 24031.95 at 12:56PM (IST) on Tuesday, even as BSE benchmark Sensex gained 332.36 points to 65537.41.

Zee Entertainment Enterprises Ltd. traded at Rs 184.45 on BSE at 12:45PM (IST) on Tuesday, up 2.05 per cent from previous close. The stock quoted a 52-week low price of Rs 172.25 and a high of Rs 286.9.

Forge Ltd. fell 0.2 per cent to Rs 838.6 at 01:01PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session.

Ambuja Cements Ltd. traded 0.57 per cent up at Rs 433.3 at around 12:51PM (IST) on Tuesday. The stock had closed at Rs 435.8 in the previous session.