Lowe's Financial News

BUENOS AIRES (Reuters) — The Argentine peso weakened to a historic low of 1000 pesos per U.S. dollar in the informal parallel market on Tuesday, according to traders, as inflation in the Latin American nation remains in triple-digit territory.

Housing sales data from the Toronto region suggests markets will likely favour buyers given the sudden increase in listings — some are even calling it a buyers’ market.

Nifty on Tuesday which ended about 177 points higher to form a bullish inverted head and shoulder pattern on the daily chart. The positive chart pattern like higher tops and bottoms has started to form and Monday's swing low of 19,480 levels could now be considered as a new higher bottom of the sequence. A decisive move above 19,700 levels is likely to bring a sharp up move for the market towards 19,950-20,050 levels for the short term.

Coal India Ltd shares with gains of more than 5% on the exchanges, scaled fresh 52-week highs on Tuesday. Notably it was the largest gainer amongst the Nifty 50 stocks. As improved earnings prospects have lifted investor confidence, high dividend expectations are further adding to the investor sentiments.

The price of Shiba Inu (SHIB) has inched upwards by 0.5% in the past 24 hours, reaching $0.00000692 as the wider cryptocurrency market dips very slightly across the same period.

The Albanese government is moving to regulate Apple Pay, Google Pay and other new digital payment services by expanding the Reserve Bank’s powers, with draft legislation to be released on Wednesday.

TCS reporting its current fiscal's July-September quarter (Q2FY24) earnings, Indian corporates will start disclosing their September quarter scorecards from Wednesday, October 11. Experts are not expecting a firework this time. They believe the numbers will be mostly stable.

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Polygon (MATIC) crypto price has sunk -6% amid broader de-risking in markets, triggered by the conflict between Israel and Hamas - but with MATIC price trading low - is Polygon going to zero?

As Uptober continues to drive a surge in on-chain crypto prices, markets remain defiant despite wider risk concerns stemming from the conflict between Israel and Hamas - and now, in the latest move, Snorlax token (SNOR) has exploded +500%.

By Alexander Marrow

EuroAPI, the pharma-ingredients firm spun off by Sanofi last year, plunged as much as 61% after cutting its guidance and saying it would embark on a strategic review.

The annual meetings of the International Monetary Fund and World Bank kick off this week against a backdrop of escalating global conflict and debt distress.

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Ashutosh Bhargava, Fund Manager and Head of Research, Nippon India Mutual Fund, says “in terms of quality, 80-85% of the fixed income assets are in the investment-grade category and where most of the assets are into government or government-related securities. We are keeping both duration and credit risk low as far as our sustainable strategy is concerned.” A lot has been said about the balanced advantage fund, a category which is much safer than an aggressive approach in a complete equity-oriented portfolio. Talking about having an exposure in equity as well as in debt, how are fund managers allowed to place themselves in terms of exposure, in terms of ratio in equity and debt in a balanced advantage category? As the name itself suggests, there is an advantage for a typical balanced fund. In a typical balanced fund, one can remain 65% to 70% invested in equity and the rest 30-35% in fixed income. In balanced advantage funds, you can bring down the net equity exposure significantly below 65% to say 30%. That happens because of the model which is involved in these kinds of funds. This model ranges from valuation-based models to more hybrid kinds of models. The idea here is to reduce the drawdown, to move between equity exposure from say 30% to 80% based on the signals that you are getting on valuation and other trend indicators.

Vivek Jain, Vice-President, Policybazaar.com and Pankaj Mathpal, MD, Optima Money Managers, in conversation with ET Now. What kind of ULIPs are we talking about? The modern ULIPs are said to be more investor-friendly and looking at the increasing exposure in small and midcaps, specific midcap and small cap ULIPs have been launched. These insurance companies are really trying hard to not only woo investors but also trying to make the most of the trend wherein smallcaps and midcaps are ruling as far as returns are concerned in the portfolio. Considering the costing that is involved in a ULIP plan and the return that they need to churn out, what does having exposure in small and midcaps work for an investor? Vivek Jain: Let me start off with talking a bit about the new age online ULIPs and talking a bit about their costs. Tthere are four key types of costs in a ULIP plan but in the new age ULIPs, the premium allocation charges are generally not there. The policy admin charges are also generally not there or are very low. There is a charge of life insurance which is the mortality charge that in the new age ULIPs is generally returned at the time of maturity. So the life cover that you are getting in a ULIP is generally is not costing you anything because that gets returned at the time of maturity.

Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL) may remain volatile in the near term looking at uncertainties pertaining to the oil prices amidst geopolitical stress caused by Israel Hamas Conflict, said analysts. Brent that was $70-75 a barrel levels in June had risen to more than $95 a barrel by the end of September.

Russia's economy will grow by 1.1% in 2024, slower than previously forecast, the International Monetary Fund said, after significant spending and resilient consumption in a stretched labour market support growth of 2.2% this year. Moscow plans to allocate almost a third of increased budget spending next year to defence as it diverts more resources towards its invasion of Ukraine. Reuters reported exclusively in August that Russia had doubled its 2023 defence spending target. «The rise in growth reflects a substantial fiscal stimulus, strong investment, and resilient consumption in the context of a tight labour market,» the IMF said on Tuesday in its World Economic Outlook, in reference to this year's forecast. Russia's economy ministry expects gross domestic product (GDP) to expand 2.8% this year, bouncing back from a 2.1% decline in 2022.

ICICI Prudential Life Insurance Company Ltd. slipped 0.95 per cent to Rs 538.6 in Tuesday's trade. It hit a high of Rs 548.45 and low of Rs 530.0 during the session.

Trent Ltd. slipped 1.05 per cent to Rs 2056.75 in Tuesday's trade as of 02:11PM (IST). The stock hit a high price of Rs 2087.95 and low of Rs 2050.5 during the session.

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