Lowe's Financial News

The NSE Nifty 50 index closed 0.83% lower at 19,122, while the S&P BSE Sensex fell 0.81% to 64,049. The blue chips closed at their lowest since June 28. Here's how analysts read the market pulse: «It was a sea of red at Dalal Street which was primarily clouded by lingering concerns about corporate India’s earnings which as of date was uninspiring and, most importantly, they could come under heavy pressure from inflation, an economic downturn, and soaring interest rates.

Sam Bankman-Fried has little to lose by bucking conventional wisdom and taking the stand at his criminal fraud trial, following weeks of testimony that he stole billions of dollars from unwitting customers of his FTX cryptocurrency exchange, legal experts said. Bankman-Fried plans to take the stand in his own defense, his lawyer Mark Cohen said at a court hearing on Wednesday.

(Reuters) -CME Group on Wednesday reported a rise in its third-quarter profit as traders used the company's products to hedge against market volatility.

By Jamie McGeever

Occasionally, we stumble upon a graph that deserves more than the paragraph or two we typically allot in the Commentary. The chart below, courtesy of SoFi and Bloomberg is one example. It compares real rates and stock valuations.

By Ankika Biswas and Shashwat Chauhan

insurance, improving their incomes and agency. Moreover, receiving payments into a bank account acts as a catalyst for the utilization of various financial services, raising women’s capacity to save, borrow and efficiently manage funds. The Global Findex Report 2021 has numerous examples of this from various countries.

By Ebru Tuncay and Birsen Altayli

When you’re the world’s largest asset manager, with close to $10 trillion AUM, you have to expect some highs and lows.

As crypto markets turn bullish, on-chain traders aren't being left behind, as MoonDAO's Mooney token (MOONEY) surges +40%.

Several of Wall Street's biggest names convened in Riyadh, Saudi Arabia, for the kingdom's annual Future Investment Initiative, during which they weighed in on risks and opportunities for investors and the global economy.

Shweta Jain, Founder, Investography, says “if somebody is looking at an investment for a long-term horizon, you do not look at it saying, okay, which liquid fund is the best and I will move money from there. You see which equity fund suits you, whether it is a largecap fund, whether it is a passive fund, whether it is a smallcap fund, whatever the fund may be. Once you have chosen your scheme and in that same AMC, you choose a liquid fund because that is the one where there will be the least amount of risk.” Let us talk about systematic transfer plans (STPs). Where did the idea come from? A lot of investors are either timing the market, or not investing thinking they need a lot of money. The thought is quite simple. It is like an SIP but for somebody who does not have a regular monthly income coming in as salary like for example, a businessman or an entrepreneur or a freelancer. They do not have regular money coming in but might have lump-sum amounts coming in. What do they do then? Should they invest when they have the money? How do they stagger it so that the rupee cost averaging works for them?

Jai Bala of Cashthechaos.com, says “the banking index has not had a red October for the last 10 years. But it is likely to do it for the first time in October since 2012 is itself a significant factor for the overall market. So be cautious. Holding cash is one of the toughest things to do. And for those who can manage to do that, they will be having a win year after year, half year after every half year. So having patience holding cash is the most important thing. ” What is the sanctity of breaching this 19,200 mark? 19,200 is not a significant support level but the market is probably bracing itself for a much bigger decline. At the moment, there is a significant breakdown in the Nifty Banking Index and the market leader, the FMCG stocks and the capital goods stocks. So basically, this looks like the start of a much bigger decline. This is just really a preamble.

Domestic benchmark index NSE Nifty ended 159.6 points down at 19122.15, while the BSE Sensex closed 522.82 points down at 64049.06. On the other hand, Welspun Invst, Macpower CNC Machine, Wealth First Port, Welspun India and Kewal Kiran Clo stocks hit their fresh 52-week highs today.

ONGC and Oil India, said brokerage house Anand Rathi in a recent report. It further added that risk-reward is favourable for this space. Disturbances due to geo-political tensions, healthy product demand and low stocks would keep refining margins healthy, especially driven by strength in diesel and ATF.

Congress expressed concern on Wednesday over the economic trends that have come out of a recent RBI bulletin and alleged that the economy has been mismanaged by the BJP-led Centre due to which a vast majority of Indians are suffering. The opposition party also expressed serious concern over the inflationary trends that have remained above the Reserve Bank of India's (RBI) threshold level of 4 per cent.

CarTrade Tech share price rose nearly 4% on Wednesday's trading session following the decision by Sobek Auto India Pvt Ltd, the company's wholly owned subsidiary, to discontinue its own C2B operations of the auto transaction business. CarTrade Tech share price today opened at intraday low of ₹619.20 apiece on BSE.

Shriram Finance Ltd. fell 3.74 per cent to Rs 1810.55 in Wednesday's session as of 01:39PM (IST) even as the equity benchmark Sensex traded 500.84 points lower at 64071.04. Earlier in the day, the stock witnessed a gap up start to the session.

Rohit Srivastava, Founder & Market Strategist, Indiacharts.com, says “we are right now in the process of taking the 20-week average. Once we do that, once we start staying below the 19,400 mark, which we are doing now for quite a while, then we are headed towards 18,900-18,800. So that is going to be the next level that we are going to be watching out for.” What is your view on the charts? Do you think we could see a further fall for the benchmark indices? My sense is that markets have weakened on daily and weekly timeframes. We are seeing sell signals on momentum indicators for the key indices and what that really means is that we are right now in the process of taking the 20-week average. Once we do that, once we start staying below the 19,400 mark, which we are doing now for quite a while, then we are headed towards 18,900-18,800. So that is going to be the next level that we are going to be watching out for. It possibly could happen in the next couple of days the way it is moving right now. We will watch the current action till Friday or Monday.

Cholamandalam Investment & Finance Company Ltd. slipped 2.21 per cent to Rs 1140.75 in Wednesday's trade as of 01:34PM (IST). The stock hit a high price of Rs 1170.15 and low of Rs 1132.2 during the session.

PI Industries Ltd. fell 1.2 per cent to Rs 3363.9 in Wednesday's session as of 01:29PM (IST) even as the equity benchmark Sensex traded 463.2 points lower at 64108.68. Earlier in the day, the stock witnessed a gap down start to the session.