Lowe's Financial News

Systematic Investment Plans (SIPs) hit a fresh all-time high of Rs.16,042 crore in September 2023. The growth in Net Assets under Management (AUM) was flat, with AUM at Rs.46.58 lakh crore. SIP AUM stood at Rs.8.70 lakh crore, against Rs.8.47 lakh crore in the previous month, according to AMFI’s monthly data.

National Pension System (NPS) is considered a feasible alternative too. Contrary to a widely-held perception, NPS contributions are open to corporate employees as well. When you invest in the NPS, you can get exposure to four different asset classes: equity, corporate bonds, government bonds and alternative investment funds (AIFs).

Godrej Consumer Products Ltd. traded 1.16 per cent down at Rs 974.4 on Thursday at around 01:44PM (IST), while the benchmark BSE Sensex declined 15.16 points to 66457.89. As many as 5,094 shares changed hands on the counter with a total value of Rs 0.5 crore.

Bajaj Holdings & Investment Ltd. fell 0.86 per cent to Rs 6823.05 in Thursday's trade as of 01:34PM (IST) even as the benchmark Nifty ruled at 19809.8, down 1.55 points. The scrip had closed at Rs 6882.55 in the previous session.

Pidilite Industries Ltd. traded at Rs 2479.95 on BSE at 01:39PM (IST) on Thursday, down 0.37 per cent. The stock quoted a 52-week low price of Rs 2250.85 and a high of Rs 2796.15.

PI Industries Ltd. fell 0.12 per cent to Rs 3485.6 in Thursday's session as of 12:32PM (IST) even as the equity benchmark Sensex traded 6.42 points lower at 66466.63. Earlier in the day, the stock witnessed a gap up start to the session.

Bharat Electronics Ltd. traded 0.07 per cent up at Rs 137.9 at around 12:38PM (IST) on Thursday. The stock had closed at Rs 137.8 in the previous session.

Tata Consultancy Services (TCS) was also a part of this recovery. The stock has gained almost 15 percent in the last 1 year and 9 percent in 2023 YTD. In comparison, the Nifty IT index has gained over 16 percent in the last 1 year and over 12 percent in 2023 YTD.

₹2,021.95 in morning trade on BSE, a day after the company informed the board of directors that the company will meet on Monday, October 16 to consider a fundraising. The stock opened at ₹1,994.95 against the previous close of ₹1,979.50 and rose 2.14 per cent to hit its 52-week high. "A meeting of the board of directors of Grasim Industries is scheduled to be held on Monday, 16th October 2023, to consider the proposal for raising funds by way of equity shares or other securities through a rights issue, qualified institutions placement (QIP), preferential issue or any other method as may be permitted under the applicable law, subject to such regulatory/statutory approvals as may be required," Grasim said in an exchange filing on Wednesday.

Domestic benchmark index NSE Nifty fell 2.65 points to 19814.0, while the BSE Sensex traded 11.03 points down at 66462.02. On the other hand, Sical Logistics, MMTC, MOIL, GHCL Textiles and TPL Plastech stocks hit their fresh 52-week highs today.

Investing.com — Crude prices fell for a third day in a row as trading began in Asia Thursday, responding to a report by industry group API that the largest weekly crude stockpile build in eight months may have taken place in the United States last week.

Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, says “we were negative on IT for the last 18 months. We have not owned a single IT share. But it is now coming on our screen. We typically look at stocks which are non-consensus. We are still not buying IT but if we get a major price cut on some bad news, then we will probably start nibbling into it. It would be probably too late to sell and maybe too early to buy but you want to buy this on some bad news.” We were seeing a bit of consolidation in the last couple of days but there is a bit of a spike as well and a lot of global headlines. How are you approaching the markets right now? Putting money to work or keeping the powder dry? For us, for the last few months we have been saying that the market is going to be in a consolidation phase. We probably had a price correction and more particularly will see a time correction. The largecaps have been like that. In the last three months, the largecaps have done nothing. They are more or less flattish, slightly down and it is the small and midcap space which have done well so far. But a consolidation is due in that space. We have some cash in the portfolio and we are keeping the powder dry in case there is a correction, but otherwise we are 85% invested.

Gold rate today: On account of dovish stance shown by US Fed officials in Wednesday's US Fed's minutes release, gold price today extended its rally and regained ₹58,000 per 10 gm mark on Multi Commodity Exchange (MCX). MCX gold price today opened upside at ₹58,045 per 10 gm levels and went on to hit intraday high of ₹58,075 levels within few minutes of commodity market's opening bell.

Asian shares rose on Thursday as markets wagered that U.S. rates have peaked after more dovish remarks from Federal Reserve officials, while traders awaited the U.S. consumer inflation report later in the day for further monetary policy clues.

Oil prices extended losses for a third session, dragged down by a larger-than-expected crude and gasoline stockbuild in the U.S. and easing supply concerns. Brent futures slipped by 41 cents, or 0.48%, to $85.41 a barrel at 0138 GMT, while U.S. West Texas Intermediate crude fell by 49 cents, or 0.59%, to $83 a barrel. Both benchmarks have given back most early-week gains. U.S.

dollar was rooted near a two-week low on Thursday following minutes from the last U.S. Federal Reserve meeting that showed policymakers taking a cautious stance and as investors awaited key inflation data. The dollar index, which measures the U.S.

Gold held firm near two-week highs on Thursday, as the U.S. dollar and Treasury yields stumbled on the Federal Reserve's cautious approach on interest rates and ahead of a key inflation report that could offer more clarity on future policy path. FUNDAMENTALS * Spot gold was up 0.1% at $1,874.49 per ounce by 0110 GMT, hovering near Wednesday's highest level since Sept. 29.

Wall Street's major indexes closed higher after Wednesday's choppy session with the release of minutes from the U.S. Federal Reserve's last meeting showing caution among policy makers that helped fuel investor hopes that rates would stay steady. Fed officials pointed to uncertainties around the economy, oil prices and financial markets as supporting «the case for proceeding carefully in determining the extent of additional policy firming that may be appropriate,» according to the minutes released on Wednesday from the Sept.

New Zealand’s immigration numbers have hit an all-time high

By Ayushman Ojha

Investing.com — Saudi Arabia is truly “balancing” the oil market by preparing to ship full volumes required by its North Asian customers, notwithstanding its output cuts — an act that’s costing it in price-per-barrel.