Lowe's Financial News

Sona BLW Precision Forgings Ltd.(up 0.46 per cent) and Ashok Leyland Ltd.(up 0.08 per cent) were among the top gainers. Tube Investments of India Ltd.(down 1.67 per cent), Eicher Motors Ltd.(down 1.04 per cent), Balkrishna Industries Ltd.(down 0.99 per cent), Samvardhana Motherson International Ltd.(down 0.92 per cent) and Bajaj Auto Ltd.(down 0.74 per cent) were the top losers on the index.

Shriram Finance Ltd. traded at Rs 1903.25 on BSE at 10:15AM (IST) on Wednesday, up 1.06 per cent. The stock quoted a 52-week low price of Rs 1147.05 and a high of Rs 1974.95.

Indian Hotels Company Ltd. gained 0.52 per cent to Rs 412.5 at 10:20AM (IST) in Wednesday's trade. The scrip hit a high of Rs 414.3 and low of Rs 412.0 so far during the session.

₹210.00 apiece on the BSE. Moody’s downgraded Vedanta Resources’ Ltd (VRL) corporate family rating (CFR) from Caa1 to Caa2 over elevated risks of debt restructuring over the next few months.

“The market is witnessing robust traction in the small and mid-cap space and these indexes are consistently outperforming the broader benchmark, given the strong buying momentum,” says Raghvendra Nath, MD, Ladderup Wealth Management Pvt. Ltd. In an interview with ETMarkets, Nath said: “Small and mid-cap space encompasses a variety of choice picks indicating stellar growth and return possibilities, amid the fast-growing economic landscape in India. These factors are, synergistically, driving interest in the space” Edited excerpts: What a month for Indian markets – Nifty climbed 20,000 and then saw some profit-taking. How are you seeing markets? Given the overall positivity in sentiment post the successful G20 presidency, which is expected to propel Indian economy to the forefront of the global arena, as well as lower CPI and wholesale inflation, domestic indexes are likely to continue their strong performance going ahead.

Sensex fell 78 points to settle at 65,945, while the broader Nifty dropped 9.85 points to end at 19,664. Stocks that were in focus included names like Strides Pharma, which fell 1.84%, Tata Steel, which rose 1.22%, and Sun TV, whose shares declined 1.28% on Tuesday. Here's what Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. Strides Pharma — Buy After consolidating in the range of 410-480 levels for th2 months from July 2023 price breached the consolidation range at 480 and gave a upside rally to make the 21 months highs of 522 odd levels. From the high price witnessed some correction and made a low around range high of 480 and with relatively high volume price gave some pull back to make news high of 550 odd levels. Stock looks good at current price as the volumes are on rise also price is trading above all three major averages and trading at 21 months higher level. The Stochastics Oscillator is also moving in an upward trend along with an increase in volume indicating further upside from here.

Instacart's stock on Tuesday closed for the first time below the price in its initial public offering. Shares of Instacart, formally called Maplebear, dropped 1.65% to end the session at $29.89, compared to the company's IPO price of $30 on Sept. 18. Chip designer Arm Holdings' stock dipped 1.69% to $53.52 compared to the $51 price set in its IPO on Sept.

Troubled casino operator Star Entertainment Group’s largest shareholder, Rich Lister Bruce Mathieson, did not tip into the institutional leg of its $750 million equity raise which has been pitched to investors as a complete reset of its capital structure, Street Talk can reveal.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty settled lower in the previous session due to select profit taking in IT and banking shares in line with weak Asian markets and continuous foreign fund outflows. Nifty 50 opened at 19,682.80 against the previous close of 19,674.55 and touched the intraday high and low of 19,699.35 and 19,637.45 respectively. Nifty 50 finally closed at 19,664.70, down 10 points, or 0.05 per cent.

The flagship cryptocurrency, Bitcoin, has sparked renewed interest among investors and enthusiasts as its price increases. 

By Rae Wee

Late last year, and into early 2023, the crowd was all in on the inevitability of a US recession starting in the near future. A Bloomberg headline captured the zeitgeist as the new year dawned: “The Most-Anticipated Downturn Ever.” But as September draws to a close, the current business-cycle nowcast continues to indicate low risk as the economy chugs along.

Investing.com — The S&P 500 slumped to a more than three-month low Tuesday, as weaker consumer confidence data fueled worry about the economy just as consumers face higher for longer interest rates and inflation that could rein in spending.

₹45.52 trillion to ₹63.99, a 41% increase. The P2M transactions are experiencing rapid growth, with a 119% increase compared to a 41% rise in P2P transaction volume in H1 2023, the report said. The removal of transaction fees for merchants contributed to the growth in P2M transactions, the report added.

By Bansari Mayur Kamdar and Sruthi Shankar

By Lucia Mutikani

dollar index gained on Tuesday but eased from a 10-month high as the upward march in Treasury yields paused, and the Japanese yen bounced from an 11-month low as Japanese officials warned about a possible intervention in the currency. Benchmark 10-year U.S. government bond yields have jumped to 16-year highs this month as economic data remains robust despite higher interest rates.

UPS plans to hire more than 100,000 workers _ at higher pay than a year ago _ to help handle the holiday rush this season, in line with hiring the previous three years

Investing.com -- The world may not be prepared for the U.S. Federal Reserve to raise interest rates to 7%, JPMorgan Chase (NYSE:JPM) Chief Executive Officer Jamie Dimon has warned.

₹19 crore from Vaidyanath Co-operative sugar factory owned by BJP national secretary Pankaja Munde in Beed district of Maharashtra for not GST evasion on the sale of sugar. Vaidyanath Co-operative sugar factory had failed to pay the GST during the Covid-19 pandemic. In April, GST officials had visited the factory.

bond yield will likely rise further in the next few weeks amid higher crude prices and surging U.S. yields, providing the right entry point for investors, a senior fixed income official at Star Health Insurance said. Aneesh Srivastava, executive director and chief investment officer (CIO) at Star Health Insurance, said he sees the 10-year bond yield crossing the key resistance level of 7.25% in the next quarter, a contrarian view to what is largely expected to be a relatively range-bound movement. «I expect the benchmark to rise to the 7.40%-7.50% levels and at that point, we would be keen to add,» he said, advising investors to place bets strongly on the benchmark once the yield hits that level. Srivastava expects the benchmark Brent crude contract to rise above $100 per barrel, with the 10-year U.S.