Lowe's Financial News

Marico said the demand situation during the September quarter largely mirrored the trends observed in the preceding quarter and instances of rising food prices and below-normal rainfall distribution in some regions seemed to impede the anticipated recovery in rural demand. The maker of Saffola and Parachute said domestic volumes grew in low-single digits on a year-on-year basis, and it continued to witness healthy trends in offtakes, market share and penetration across key franchises. «Consumption trends, particularly in rural, are expected to improve in H2 owing to retail inflation levels staying within RBI’s target range, hike in MSPs, healthy sowing season, easing liquidity pressures and government spending,» Marico said in its quarterly earnings update Among key inputs, copra and edible oil prices stayed in a favourable range, although the latter continued to exhibit some volatility. Crude derivatives remained firm with an upward bias.

Long-term energy bulls have no reason to frown, even against the backdrop of the recent halt in oil price rises.

₹10,000 crore via qualified institutional placement (QIP). "In this regard, we would like to inform you that the article with regard to Axis Bank tapping the market to raise funds through a QIP in the coming weeks and a decision to this effect may be taken at the board meeting ahead of the results is purely speculative and factually incorrect,'' said Axis Bank in its exchange filing.

Nifty 50 today: Frontline indices the Nifty 50 and the Sensex ended in the red on Wednesday, October 4, extending losses into the second consecutive session, amid a sharp rise in the US bond yields and dollar. Bond markets are witnessing a strong selloff globally, causing yields to rise sharply. "An unrelenting selloff in world government bond markets pushed US 30-year Treasury yields to 5 per cent for the first time since 2007 and Germany's 10-year borrowing costs to 3 per cent on Wednesday, moves that could hasten a global economic slowdown," reported Reuters.

Bitcoin Cash (BCH) has undertaken a -7.71% retracement move to test accumulatory support at the 20DMA, but with price action tumbling - is Bitcoin Cash going to zero? 

Investing.com -- U.S. stock futures edged broadly lower on Wednesday following a day of losses on Wall Street that dragged the Dow into negative territory for the year. U.S. 10-year Treasury yields, meanwhile, continue to climb, adding to a recent surge that has challenged equities and hit a range of global currencies. Elsewhere, Kevin McCarthy is ousted as House Speaker, leaving the lower chamber of the U.S. Congress leaderless with a November government funding deadline looming.

COPENHAGEN (Reuters) — Shares in SAS tumbled 95% at market open on Wednesday after the Scandinavian airline announced new big shareholders late on Tuesday in a restructuring that will see the group delisted from bourses and existing ownership stakes erased.

Well, rates continue to increase following a hotter-than-expected and very volatile JOLTS data point. Now, rates are at a point where the economy will start to slow, and financial conditions are finally tightening.

IDFC First Bank fell over 3% to the day's low of Rs 91.30 in Wednesday's trade on the NSE following the approval of the floor price for its upcoming Qualified Institutional Placement (QIP) issue. The company's Capital Raise and Corporate Restructuring Committee authorised opening of the issue in the Board meeting held on Tuesday. The floor price has been set at Rs 94.95 per equity share. A meeting of the committee of the bank will be held on October 6, 2023, to consider and determine the issue price of equity shares and discount, if any. The price action in IDFC Bank shares was accompanied by significant volumes as more than 3.41 crore shares changed hands on the NSE around 1:40 p.m.

World Financial Planning Day on 4th October this year, let's chat about something we all know but often overlook—financial planning. Financial planning isn't just for the elite or the well-versed as often misunderstood, it's for every Indian who aspires to secure their future. Why Financial Planning Is a Big Deal Picture this: You decide to go on a road trip without any idea of your destination, no map, no GPS.

Hindustan Aeronautics (HAL) with its long-term business outlook and strong execution capabilities is well on track to report 11% earnings CAGR over FY23-26E. “Given the multi-year double-digit earnings growth potential and robust return ratio profile of +20%, we believe that the stock is attractively valued," it said. The brokerage has a ‘Buy’ rating on the stock with a target price of ₹2,590 per share, implying an upside of over 37% from Wednesday's low price.

Bandhan Bank Ltd. traded at Rs 251.95 on BSE at 01:49PM (IST) on Wednesday, down 0.78 per cent. The stock quoted a 52-week low price of Rs 182.2 and a high of Rs 275.7.

Tata Power Company Ltd. slipped 3.2 per cent to Rs 255.5 in Wednesday's trade as of 01:39PM (IST). It hit a high of Rs 263.25 and low of Rs 253.6 during the session.

Zee Entertainment Enterprises Ltd. traded 2.86 per cent down at Rs 255.85 on Wednesday at around 01:29PM (IST), while the benchmark BSE Sensex declined 584.94 points to 64927.16. As many as 126,021 shares changed hands on the counter with a total value of Rs 3.26 crore.

Suzlon share price jumped nearly 5% to touch a 52-week high on Wednesday's trade after the news of Suzlon Energy's promoter released a pledge on 97.10 crore shares (7.13% equity) on September 28, according to CNBC-TV18. Suzlon share price today opened at ₹27.30 apiece on BSE.

ASK Wealth Advisors Private Limited. "The inclusion into bond indices is good to have, feeds incrementally into the “Bharat shining" narrative. It’s also a good sandbox regulatory experiment for RBI, to manage monetary policy while losing some policy-making flexibility.

Indian Hotels Company Ltd. dropped 1.45 per cent to Rs 407.0 at 12:17PM (IST) in Wednesday's trade. The counter hit a high of Rs 414.95 and low of Rs 405.4 so far during the session.

Vedanta Ltd. traded 3.16 per cent down in Wednesday's trade at 12:22PM (IST). Around 1,246,888 shares changed hands on the counter.

Bharat Electronics Ltd. slipped 1.25 per cent to Rs 137.4 in Wednesday's trade as of 12:27PM (IST). The stock hit a high price of Rs 138.7 and low of Rs 136.85 during the session.

ALSO READ: Cosmic curio: A little bit of Bennu According to NASA, the debris of the asteroid should "help us better understand the types of asteroids that could threaten Earth." It ended its 3.86-billion-mile (6.21-billion-kilometer) journey after touching down in the desert in the western state of Utah on Sunday. Osiris-Rex released its capsule early Sunday from an altitude of more than 67,000 miles. Also read: NASA's craft carrying largest samples of asteroid Bennu lands on Earth The fiery passage through the atmosphere came only in the last 13 minutes, as the capsule hurtled downward at a speed of more than 27,000 miles per hour, with temperatures of up to 5,000 Fahrenheit (2,760 Celsius).

GAIL (India) Ltd. slipped 1.04 per cent to Rs 122.7 in Wednesday's trade as of 11:31AM (IST). The stock hit a high price of Rs 124.25 and low of Rs 122.3 during the session.