Lowe's Financial News

Investing.com – Most Federal Reserve policymakers agreed that one more rate hikes would be «appropriate» and emphasized the need to keep interest rates higher for longer as inflation continues to trend well above the central bank’s 2% target, the Fed’s September meeting minutes showed Wednesday.      

The forces underlying the Treasury debt market are extremely adverse as the US is on an unsustainable fiscal path, a senior International Monetary Fund official said.

Chennai: When India Cements Ltd (ICL) announced on 21 September that it had sold 73.75 acres of land in Andhra Pradesh’s Vizianagaram district to rival UltraTech Cement Ltd for ₹70 crore, it surprised long-term cement industry watchers. After all, N. Srinivasan, vice-chairman and managing director of Chennai-based ICL, had in the past been at the forefront in thwarting any attempts by national cement players such as Gujarat Ambuja or UltraTech from entering or expanding into south India.

agrochemicals sector is likely to witness 3 per cent decline in revenue in this financial year due to falling prices, tepid demand and lower reservoir levels, a Crisil report said on Wednesday. For the first time in a decade, agrochemical makers will see a 3 per cent drop in revenue in 2023-24 due to falling prices globally following a supply deluge from China, muted demand for exports (53 per cent of revenues) owing to destocking by global manufacturers and the impact of lower reservoir levels on rabi sowing, the report said.

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Ismail Haniyeh is a prominent Palestinian political figure who has played a pivotal role in the complex and tumultuous landscape of Palestinian politics. With a career marked by highs and lows, Haniyeh's journey reflects the enduring struggle for Palestinian self-determination and statehood. He is a millionaire, stemming from the 20% tax charged on all items entering through tunnels from Egypt to the Gaza Strip. He ordered the recent attack on Israel over the weekend, which resulted in over 1,500 deaths on both sides. Haniyeh is currently leading a lavish lifestyle in Qatar and reportedly watched the aggressions from the comfort of his office.

Domestic benchmark index NSE Nifty ended 121.5 points up at 19811.35, while the BSE Sensex closed 393.69 points up at 66473.05. On the other hand, Yash Pakka, AdityaBirlaMoney, Uniinfo Telecom Serv, Mukta Arts and Adhunik Industries stocks hit their fresh 52-week highs today.

By Iain Withers

inflation print to come near 5.5 per cent in September against 7.44 per cent in July and 6.83 per cent in August. Moreover, reports emerged that China was planning to announce stimulus to help its economy. This also underpinned market sentiment.

Zee Entertainment Enterprises Ltd. gained 0.42 per cent to Rs 260.25 in Wednesday's trade. It hit a high of Rs 263.7 and low of Rs 259.4 during the session.

Vedanta Ltd. gained 2.65 per cent to Rs 228.05 at 01:09PM (IST) in Wednesday's trade. The stock has hit a high of Rs 229.9 and low of Rs 222.15 so far during the session.

Godrej Consumer Products Ltd. gained 1.24 per cent to Rs 986.1 in Wednesday's trade. It hit a high of Rs 986.7 and low of Rs 969.0 during the session.

₹294.95 and looked set to extend the gains into the second consecutive session. JK Tyre share price opened at ₹273.95 against the previous close of ₹270.15 and jumped 8.6 per cent to the 52-week high of ₹294.95 on BSE. While there is no immediate fundamental trigger for the stock, technical analysts observed that the stock breached the level of ₹290 which it had been struggling to cross for some time.

₹1233.90 apiece in early Wednesday trading on the back of a huge surge in volumes. Over the past ten trading sessions, the shares have gained 15%, and their year-to-date increase stands at 35%. Out of the last nine months, the stock closed positively six, with the most significant monthly gain occurring in May at 16%.

Religare Enterprises (REL) has been carefully unlocking its financial potential. The brokerage has initiated coverage on the stock with a buy call and a target price of ₹471, indicating a multibagger potential upside of almost 101 percent from its current market price of ₹234.40 (as on October 10). Ventura noted that REL is firing on all fronts and poised for robust financial growth and valuation re-rating in the near future.

Bharat Forge Ltd. gained 0.78 per cent to Rs 1118.0 at 11:52AM (IST) in Wednesday's trade. The scrip hit a high of Rs 1122.25 and low of Rs 1113.2 so far during the session.

Avenue Supermarts Ltd. gained 0.83 per cent to Rs 3826.0 in Wednesday's trade. It hit a high of Rs 3832.8 and low of Rs 3800.1 during the session.

Havells India Ltd. traded at Rs 1410.0 on BSE at 11:47AM (IST) on Wednesday, up 0.78 per cent from previous close. The stock quoted a 52-week low price of Rs 1092.0 and a high of Rs 1466.0.

₹259.1 crore via Qualified Institutional Placement (QIP). Laxmi Organic Industries Ltd share price opened at an intraday low of ₹274.50 apiece on BSE.

New Zealand's immigration numbers have hit an all-time high, enabling employers to fill jobs but also putting pressure on the housing market, according to economists. The net number of immigrants was 110,000 in the year ending August, beating the previous high of 103,000 set a month earlier, according to figures released Wednesday by Statistics New Zealand. The numbers represent a big turnaround after more people left New Zealand than arrived during much of the COVID-19 pandemic. “We are talking very, very big numbers for a small economy like ours,” said Jarrod Kerr, chief economist at Kiwibank. Kerr said the surge likely reflected pent-up demand that had built during the pandemic. He said it had come as a relief to employers, who last year were having great difficulty finding skilled workers to fill vacant roles. New Zealand's unemployment rate remains at a relatively low 3.6 per cent.

LTIMindtree Ltd. gained 1.11 per cent to Rs 5324.5 in Wednesday's trade as of 11:06AM (IST). The stock hit a high price of Rs 5340.8 and low of Rs 5299.0 during the session.