Lowe's Financial News

Indian Hotels Company Ltd. gained 1.03 per cent to Rs 420.5 in Wednesday's session as of 11:01AM (IST) even as the equity benchmark Sensex traded 444.3 points higher at 66523.66. Earlier in the day, the stock witnessed a gap up start to the session.

SRF Ltd. gained 1.3 per cent to Rs 2258.15 in Wednesday's trade as of 10:40AM (IST). The stock hit a high price of Rs 2280.0 and low of Rs 2240.0 during the session.

Ashok Leyland Ltd. gained 1.09 per cent to Rs 175.55 at 10:35AM (IST) in Wednesday's trade. The counter has hit a high of Rs 176.75 and low of Rs 174.0 so far during the session.

Tata Consultancy Services (TCS) will announce its second-quarter earnings after market hours on Wednesday. While the performance scorecard will be closely watched, investor interest will be more in the share buyback program. On October 6, the software major said that its board of directors will consider and approve a plan to buy back shares of the company. Following the news, the stock hit an 18-month high of Rs 3,679 the next day.

₹209.60 against the previous close of ₹214.20 and fell 3.7 per cent to its intraday low of ₹206.25 on BSE. As Mint reported earlier, the RBI ordered Bank of Baroda (BoB) to suspend further customer onboarding on its ‘bob World’ mobile app immediately, citing material supervisory concerns.

Gold rate today: On account of Israel Hamas war entering fifth day on Wednesday, gold prices have extended its rally for fourth straight session during morning deals. Gold future contract on Multi Commodity Exchange (MCX) for December 2023 expiry, opened ₹57,619 per 10 gm levels and went on to hit intraday high of ₹57,683 per 10 gm levels within few minutes of commodity market's opening bell today.

Sensex jumped 567 points, or 0.87%, to close at 66,079.36, while the Nifty 50 ended 178 points, or 0.91%, higher at 19,689.85. Nifty 50 formed a long bull candle on the daily chart, which indicates an attempt of an upside breakout of the hurdle after a small dip. The recent swing low of 19,333 could now be considered as a crucial bottom reversal pattern for the short term.

NEW DELHI : The Cotton Association of India (CAI) released its final estimate of crop production for the 2022- 23 (October-September) season and pegged it slightly higher at 31.8 million bales (1 bale=170 kg) from its previous estimate of 31.1 million bales in July, and initial estimates of 34.4 million bales. This is against the government’s third advance estimate of 34.3 million bales for the 2022-23 season and the 2021-22 season industry production estimate of 29.9 million bales.

NEW DELHI : The International Monetary Fund (IMF) lifted its 2023-24 growth projection for India to 6.3% from its July estimate of 6.1%, citing “stronger-than-expected consumption" during the June quarter. In contrast, the agency expects global growth of 3% in 2023 and 2.9% in 2024, with advanced economies expanding by 1.5% in 2023 and 1.4% in 2024. The Washington-based agency presents India’s economic growth forecast on a fiscal year basis while it uses the calendar year for other economies.

MUMBAI : Religare Enterprises Ltd’s board has commissioned an independent valuation report as it believes that the company is worth more than the price the Burman family has offered, a person with knowledge of the development said. On 23 September, the Burman family, which controls packaged goods company Dabur Ltd, offered to acquire an additional 5.27% stake in the financial services company for ₹407 crore, leading to a mandatory open offer to buy an additional 26% stake from the public. The deal has not closed and is awaiting regulatory approval.

By Shashwat Chauhan and Ankika Biswas

As we look back upon another interesting week in the market, there are a few standout matters I would like to point out.

Canada’s top-end personal income tax rates are too high and they must come down, but there are many other tools that governments have to tax you in ways that chip away at your ability to minimize taxation.

Safeguard against low probability-high impact events Rising interest rates in a developed market to tackle inflation is one such example and one of the biggest threats to asset prices. In a rapidly rising interest rate environment, even a cautiously leveraged company may find itself heavily leveraged. Individual borrowers may find themselves financially squeezed due to higher equated monthly instalments and prolonged tenure.

₹39 per kg in the past three months. Outlook on prices appears upbeat. DAM Capital Advisors warn of potential sugar shortages if sugarcane crushing is delayed past 15 November, leading to expectations of sustained higher prices.

With great power — and decentralization — comes great responsibility. Creators of a blockchain project have many decisions to make, among them which consensus mechanism to employ. As with so much in crypto, there’s no singular “industrywide” solution or preference, and there are multiple details to review when making the choice.

Congress on Tuesday said there are no differences in the party on the CWC resolution on Hamas and reminded the BJP of former prime minister Atal Bihari Vajpayee favouring the cause of Palestinian people, after the ruling party slammed it for not referring to the terror attack on Israel in its resolution. The Congress came under attack from the Bharatiya Janata Party (BJP) for allegedly supporting Hamas and the Palestine cause, without referring to the attack on Israel. Congress's deputy leader in the Lok Sabha Gaurav Gogoi said there are no differences within the party over the CWC document, which has favoured a resolution of the Palestine issue through dialogue.

Treasuries rallied on Tuesday, pushing two-year yields to their lowest in a month, due to a combination of demand for safe-haven assets amid ongoing violence in the Middle East and dovish Federal Reserve remarks that suggested the central bank may be done raising interest rates. Cash Treasury markets had been closed for a holiday on Monday, so Tuesday morning was traders' first chance to react to Palestinian militants' attack on Israel over the weekend as well as Fed officials' overnight comments. Benchmark 10-year yields were on track for their largest daily drop since July, while those on the two-year were on pace for the biggest daily decline since late August. «We had dovish statements yesterday by Fed officials and then you have flight to safety here from the tragic events in Israel. So people are being a little bit of cautious here,» said Stan Shipley, managing director and macro research analyst at Evercore ISI in New York. «We probably have seen the peak in rates here as seasonal factors are favorable for lower rates in November and December.

The NSE Nifty 50 index settled 0.91% higher at 19,690, while the S&P BSE Sensex rose 0.87% to 66,079. Here's how analysts read the market pulse: «The pullback is likely to continue till 19,778 which is the 20-day moving average (19770). Beyond that, it has the potential to stretch higher till 19,883 which is the 61.82% Fibonacci retracement level of the entire fall from 20222 till 19333.

₹2,400. While all the arguments so far suggest that India massaged the truth to its benefit, the main thrust of the piece is that the India achieved its success through “gratuitous acts of coercion." This, the article suggests, ought not to have been the case—that we should have, instead, allowed the free play of market forces. It is this top-down approach—this “unnecessary paternalism"—that it comes down hardest on.

instant personal loans that are just a click away. But what often stands between you and this simplified financial nirvana is a three-digit number—your credit score. So, how significant is a credit score when it comes to qualifying for an instant loan in India? Let's delve into the nitty-gritty of it.