Lowe's Financial News

DLF Ltd. traded at Rs 517.15 on BSE at 10:41AM (IST) on Monday, up 0.24 per cent from previous close. The stock quoted a 52-week low price of Rs 336.55 and a high of Rs 544.45. Earlier, shares of the company saw a gap down opening in the morning. A total of 8,241 lakh shares changed hands on the counter till 10:41AM (IST). The stock of DLF Ltd.

Havells India Ltd. traded 0.14 per cent up in Monday's trade at 10:35AM (IST).

L&T Technology Services Ltd.(up 1.05 per cent) and MphasiS Ltd.(up 0.07 per cent) were among the top gainers. Infosys Ltd.(down 1.19 per cent), Tata Consultancy Services Ltd.(down 0.96 per cent), HCL Technologies Ltd.(down 0.9 per cent), Wipro Ltd.(down 0.74 per cent) and LTIMindtree Ltd.(down 0.74 per cent) were the top losers on the index. The Nifty IT index was down 0.8 per cent at 32642.15 at the time of writing this report. Benchmark NSE Nifty50 index was down 46.9 points at 19627.35, while the BSE Sensex was down 146.79 points at 65862.36. Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red. Shares of JP Power, Vodafone Idea, YES Bank, IFCI and IOB were among the most traded shares on the NSE. Shares of Sonu Infratech, MTNL, Schneider, Nelcast and KM Sugar Mills hit their fresh 52-week highs in today's trade, while Delta Corp, Pramara Promotions, Jiwanram Sheoduttrai, FutureLifestyleFash and Shree Ram Proteins hit fresh 52-week lows in trade.

Sensex advanced 33.64 points to 66042.79. As many as 124,129 shares changed hands on the counter with a total value of Rs 8.41 crore. The stock quoted a 52-week high price of Rs 775.0 and a 52-week low of Rs 557.15. On the technical charts, the 200-DMA of the stock stood at Rs 637.84, while 50-DMA was at Rs 659.88. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up.

Zee Entertainment Enterprises Ltd. gained 0.5 per cent to Rs 266.65 in Monday's trade.

yen approached the closely watched 150 per dollar level on Monday and kept traders on intervention watch after the Bank of Japan and Governor Kazuo Ueda quashed hopes of any imminent move away from its stark ultra-loose monetary policy. In the broader currency market, the dollar was on the front foot, extending its gains from last week after a still-hawkish Federal Reserve surprised markets by signalling U.S. rates would need to stay higher for longer than initially expected. The yen fell to a more than 10-month low of 148.49 per dollar and remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year's. The Japanese currency had fallen more than 0.5% on Friday after the BOJ maintained ultra-low interest rates and stuck to its dovish stance, while Governor Ueda similarly stressed the need to spend more time assessing data before raising interest rates. «I don't think the level matters that much and will be the trigger (for intervention).

Sensex logging its worst week in over 15 months on lingering worries over a higher global interest rate environment. Nifty closed down 0.34% at 19,674, while the Sensex fell 0.33% to 66,009. Stocks that were in focus included names like Berger Paints, which rose 6.85%, Glenmark Pharma, which fell 2.98%, and Union Bank, whose shares jumped 5.39% on Thursday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today.Berger Paints — BuyThe counter is in a classical uptrend and witnessed a breakout of an upward-sloping channel on the daily chart with strong volume.

prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 48 cents, or 0.5%, to $93.75 a barrel by 0110 GMT after settling 3 cents lower on Friday. U.S. West Texas Intermediate crude futures extended gains for a second straight session, trading at $90.53 a barrel, up 50 cents, or 0.6%. «Crude oil prices have started the week on the front foot, as the market continues to digest Russia's temporary ban on diesel and gasoline exports, into an already tight market, offset with the Fed's hawkish message that rates will stay higher for longer,» IG Markets analyst Tony Sycamore said. Both contracts snapped a three-week winning streak to fall last week after a hawkish Federal Reserve stance rattled global financial sectors and raised oil demand concerns. Prices had rallied more than 10% in the previous three weeks on forecasts of a wide crude supply deficit in the fourth quarter after Saudi Arabia and Russia extended additional supply cuts to the end of the year. Last week, Moscow temporarily banned gasoline and diesel exports to most countries in order to stabilise the domestic market, fanning concerns of low products supply especially for heating oil as the northern hemisphere heads into winter. In the United States, the number of operating oil rigs fell by eight to 507 last week, their lowest since February 2022, despite higher prices, a weekly report from Baker Hughes showed on Friday. Expectations of better economic data this week from China, the world's largest crude importer, also lifted sentiment.

Asian shares were hesistant on Monday after central banks last week reinforced the message that interest rates will stay higher for longer, while investors braced for inflation data from the U.S. and Europe.Markets will also be looking for further clues on whether China's economy is regaining traction. The yen nursed losses at more than nine-month lows at 148.38 per dollar, after the Bank of Japan made no change to its dovish monetary policy. Ten-year Japanese bond yields settled at a decade high of 0.745%. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1% on Monday, after a 2.3% fall the previous week to fresh ten-month lows.

Crude oil prices have shot up since June... Brent crude has jumped to a 10-month high and breached $93/barrel in mid-September. It has averaged $83.5 in the past year.

Small-cap investing epitomises the essence of stock investing. While this sounds like a provocative assertion, designed more to cause a stir than to be taken literally, it’s something I believe in. I’m not dismissing picking major stocks like Infosys or Innterglobe as less than genuine equity investing.

market may continue this week, and technical analysts are closely watching the pivotal 19,600 level as a decisive point for the current trend. Failing to hold this level could lead the index toward the 19,320 zone, as per their analysis.

Vedanta Resources' (VRL) bond restructuring plan has met with some resistance from investors seeking better terms. The proposed plan suggests making a 50% upfront payment for the $1 billion January 2024 bond, a 15% payment for the August 2024 bond, and a 10% upfront payment for the March 2025 bonds, with the remaining amounts to be restructured. However, VRL needs the approval of at least two-thirds of the bondholders for this plan to proceed. Initial feedback from investors in Singapore and Hong Kong reveals discomfort with the proposed restructuring, raising the possibility of opposition from a group of bond investors, two bondholder sources said. «A group of bondholders could oppose the proposed restructuring, setting the stage for a potential showdown,» a source said.

Australia’s record 40 to 6 loss to Wales at Lyon is a disaster for Australian Rugby.

TPG Capital’s $1.8 billion buyout offer for Australia’s largest funerals company is clearing a string of potential hurdles, with an independent expert saying the $12.70 per share cash offer is “fair and reasonable”.

₹418.50 apiece. Wipro is putting on a brave face. In an exclusive interview with Mint, Wipro’s chief executive officer Thierry Delaporte, who took charge in July 2020, said he is not perturbed by the top-level exits.

space farms, unimpeded by Earth's atmosphere, which beam clean uninterrupted energy back to Earth smacks of the science fictional likes of Arthur C Clarke. However, with technology that is already developed, this is something that is inching closer to commercial application as the cost of putting cargoes into space plummets.

In the dynamic world of investments, one often hears the phrase, ‘timing is everything’. While timing can certainly be a powerful ally in the realm of small-cap funds, it’s not the only strategy that can lead to success. In fact, for many investors it can be elusive and, more often than not, just out of reach.

‘Neech ko neech nehi kahenge toh kya kahenge’. This statement made by Ali, was more than enough for any patriotic public representative to ‘lose his calm’ and it led to Bidhuri responding to him like he did," said the BJP MP.

ALSO READ: India's forex reserves near 4-month low; declines $867 million to $593.037 billion: RBI Data "We do expect the RBI to hold on to a status quo position this time as inflation is still high and liquidity tight. Going by RBI forecast on inflation, it would be above 5 percent in Q3 too, which will ensure that the status quo prevails for the calendar year for sure and probably Q4 too," said Madan Sabnavis, Chief Economist, Bank of Baroda.

Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts. The Reserve Bank had raised the benchmark repo rate to 6.5 per cent on February 8, 2023 and since then it has retained the rates at the same level in view of the stubbornly high retail inflation and certain global factors including elevated crude oil prices in the international market. The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023. The last meeting of the MPC, the highest rating-setting panel, was in August. «We do expect the RBI to hold on to a status quo position this time as inflation is still high and liquidity tight.