Lowe's Financial News

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MphasiS Ltd. traded 0.3 per cent up in Friday's trade at 01:59PM (IST). Around 9,098 shares changed hands on the counter.

Info Edge (India) Ltd. fell 0.21 per cent to Rs 4203.45 in Friday's session as of 01:44PM (IST) even as the equity benchmark Sensex traded 336.23 points higher at 65967.8. Earlier in the day, the stock witnessed a gap up start to the session.

Colgate-Palmolive (India) Ltd. slipped 0.29 per cent to Rs 1992.65 in Friday's trade as of 01:49PM (IST). The stock hit a high price of Rs 2003.55 and low of Rs 1983.75 during the session.

Kaustubh Pawaskar, DVP, Fundamental Research, BNP Paribas, says “prior to election years, we see the government increasing spending in the rural markets or agri economy and that should augur well for rural demand and to see a good bit of recovery in the quarters ahead. Urban consumption demand is quite stable over there. Once rural is back on track, we should see volume growth gradually recovering and that is expected from Q2 with a bit of help from the festive demand which is going to be there in October and November.” In the FMCG pack, Marico consolidated revenue is marginally lower on a year-on-year basis. GCPL is also a bit weak-ish in terms of volumes. What is your view on the FMCG pack as a whole for Q2? Q2 is going to be a weak quarter for the consumer good companies.

Investing.com — The U.S. dollar traded higher Friday, on course for another positive week, ahead of the release of the monthly U.S. nonfarm payrolls which could influence Federal Reserve thinking.

The small-cap rally has evoked both hopes and fears among investors. While several funds have given very high returns in the last 3 years, analysts believe an abrupt correction in the small-cap segment is around the corner. Small Cap segment generally falls first whenever there is a market downturn.

Let us look at the data. There were around 52 passively-managed schemes in the large cap category. However, only four passively-managed large cap schemes managed to outperform their respective benchmarks in 2023. Most schemes — 48 schemes – underperformed their benchmarks. In comparison, there were 30 schemes in the actively-managed large cap mutual fund category. Around 24 actively-managed large cap schemes managed to outperform their respective benchmarks in 2023. Only six schemes underperformed their benchmarks. If you want to see the performance of active large cap funds, see story: Large cap funds offer 11.45% average return in 2023; Axis Bluechip Fund give 6.87%

Tube Investments of India Ltd. traded 1.07 per cent up at Rs 2975.1 at around 01:08PM (IST) on Friday. The stock had closed at Rs 3007.45 in the previous session.

The wine, beer and cheese that Anthony D’Anna imports from Italy gets sold everywhere from his family’s store in suburban Melbourne to Bondi Beach’s famous Icebergs and Rockpool Bar & Grill in Perth.

LTIMindtree Ltd. gained 0.49 per cent to Rs 5252.55 at 01:23PM (IST) in Friday's trade. The scrip hit a high of Rs 5264.35 and low of Rs 5214.05 so far during the session.

(Reuters) — The Russian rouble weakened on Friday, dropping to a more than seven-week low past 101 against the dollar, under pressure from lower oil prices and the reduced supply of foreign currency from exporters at the start of the month.

By Sinead Cruise and Iain Withers

Key Takeaways

PB Fintech which operates the online platform Policybazaar witnessed a block deal in the pre-opening session where Japan’s SoftBank Group is likely to have sold over 1.14 crore shares (2.5% equity) at Rs 762.80 per equity share taking the deal size at Rs 871.21 crore. The information was updated on the NSE though it did not reveal the buyer and seller. The stock fell 0.75% to the day's low of Rs 761.20 on the NSE.

Tata Elxsi Ltd. traded 0.46 per cent up at Rs 7272.6 at around 11:11AM (IST) on Friday. The stock had closed at Rs 7239.25 in the previous session.

Slightly more Americans applied for jobless claims last week, but layoffs remain low and the labor market continues to show resiliency amid elevated interest rates imposed by the Federal Reserve

A look at the day ahead in European and global markets from Kevin Buckland

Siemens Ltd. gained 1.34 per cent to Rs 3567.4 in Friday's trade. It hit a high of Rs 3572.65 and low of Rs 3520.1 during the session.

Bajaj Holdings & Investment Ltd. traded 1.4 per cent up at Rs 6765.75 at 10:10AM (IST) on Friday, even as BSE benchmark Sensex gained 197.83 points to 65829.4.

Home loan borrowers, who were hoping to get some reprieve from high interest rate, are in for another disappointment. The Reserve Bank of India (RBI) has yet again decided to hold the repo rate, which has diminished the hope for any meaningful reduction in home loan interest rate in the near future. How long will the borrowers have to wait to see a fall in interest rate? What is the best way to manage a home loan in the current high interest rate regimen? Home loan borrowers, especially the ones who took a home loan before May 2022, are going through one of the most difficult times.