Lowe's Financial News

Info Edge (India) Ltd. dropped 2.88 per cent to Rs 4312.45 at 01:50PM (IST) in Friday's trade.

Stock market today: Mufin Green Finance share price has been in uptrend after bottoming out at ₹42.50 apiece levels in early August 2023. It is one of those small-cap stocks that has delivered whopping return to its positional shareholders, generating alpha return agains the broad market index.

The underlying momentum of Nifty is quite bullish, said Kavita Agrawal, CMT CFA, CEO of exp-invest.in. In an interview with Mint, Agrawal said swing trading is a high-risk risk high-reward alternative to options trading which is high-risk low reward. The underlying momentum of the Nifty 50 is quite bullish. The daily timeframe suggests this is a mere breather and the level is 20,000 is a major psychological resistance so it’s natural that the market has taken some correction.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

United Spirits Ltd. traded 0.56 per cent up in Friday's trade at 01:19PM (IST).

The stock quoted a 52-week high of Rs 775.0 and a 52-week low of 557.15. About 60,158 shares changed hands on the counter so far. Benchmark Nifty50 was down 0.05 points at 19742.3, while the BSE Sensex traded 29.38 points higher at 66259.62 at the time of writing of this report. In the Nifty pack, 22 stocks traded the day in the green, while 27 were in the red.Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1041.0 crore, up 3.66 per cent from the previous quarter's Rs 1004.28 crore and up 18.7 per cent from the year-ago quarter.

The $2.1 million fine levied against National Australia Bank for overcharging about 5700 customers with account fees is “woefully insufficient”, a Federal Court judge says.

Tata Power Company Ltd. rose 0.74 per cent to Rs 258.45 in Friday's trade as of 12:17PM (IST) even as the benchmark Nifty ruled at 19792.05, up 49.7 points. The scrip had closed at Rs 256.55 in the previous session.

Shree Cements Ltd. slipped 1.3 per cent to Rs 25915.0 in Friday's trade as of 12:23PM (IST).

LTIMindtree Ltd. traded 0.91 per cent higher in Friday's session at 12:12PM (IST).

«If you look at what Teva has been saying, what Viatris has been saying, I think all of them are consistently calling out that the pricing environment is softer this year. And on top of that, as you were talking about, we are seeing some supply disruptions in the market,» says Nithya Balasubramanian, Sanford Bernstein.Let us first address the so-called elephant in the room and that has always been U.S. markets. Has pricing erosion further eased? What is the situation when it comes to the drug and the injectable shortage? I mean, is there more to the ray of light for trade generics?See, in the US, we do see pricing deflation has softened, especially compared to last year. We think pricing deflation was trending at minus 15, minus 20%, even depending on the portfolio. And we think that is down to low single digits this year. And I think that is now being consistent commentary from most of the players, most of the Indian generic companies, as well as some of the global MNCs as well. If you look at what Teva has been saying, what Viatris has been saying, I think all of them are consistently calling out that the pricing environment is softer this year. And on top of that, as you were talking about, we are seeing some supply disruptions in the market.

Stock market today: Downtrend in Vedanta shares continued for third straght session during Friday morning deals. Vedanta share price today opened higher at ₹228.50 per share levels but profit booking triggerd within few minutes of stock market's opening bell and the stock hit new 52-week low of ₹222.55 apiece on NSE.

Varun Beverages Ltd. traded at Rs 913.55 on BSE at 12:07PM (IST) on Friday, down 0.12 per cent from previous close. The stock quoted a 52-week low price of Rs 481.67 and a high of Rs 941.6. Earlier, the stock saw a gap down opening in the morning. A total of 30,506 lakh shares changed hands on the counter till 12:07PM (IST). The stock of Varun Beverages Ltd.

Nifty PSU Bank index jumped over 2% on Friday's trading session after JP Morgan decided to include Indian government bonds in its widely watched emerging-market debt index. Shares of Central Bank of India, Canara Bank, Indian Bank , Union Bank of India, and Bank of Baroda gained 4% to 5% on Friday's session. Canara Bank share price and Union Bank of India shares touched new 52-week high today, while State Bank of India shares were trading close to their 52-week high.

Marico Ltd. traded 0.18 per cent up at Rs 573.35 at around 11:52AM (IST) on Friday.

Page Industries Ltd. traded at Rs 39462.7 on BSE at 11:57AM (IST) on Friday, down 0.18 per cent from previous close. The stock quoted a 52-week low price of Rs 34968.6 and a high of Rs 54262.3. Earlier, the stock saw a gap up opening in the morning. A total of 297 lakh shares changed hands on the counter till 11:57AM (IST). The stock of Page Industries Ltd.

Bharat Electronics Ltd. gained 0.4 per cent to Rs 135.75 at 11:21AM (IST) in Friday's trade.

Bajaj Holdings & Investment Ltd. traded 0.11 per cent down at Rs 7338.0 at 11:26AM (IST) on Friday, even as BSE benchmark Sensex gained 34.51 points to 66264.75. The scrip had settled at Rs 7346.35 in the previous session.

Tech Mahindra share price gained over a percent to hite a fresh 52-high of ₹1,310.80 apiece on the BSE Friday. The stock has rallied more than 27% on a year-to-date (YTD) basis and has sharply outperformed the Nifty IT index that has gained over 14% during the period. The outperformance in Tech Mahindra shares comes despise the company delivering weak results over the past three quarters.

Investing.com-- Most Asian currencies moved little on Friday as markets continued to fret over higher U.S. interest rates, while the yen came close to 10-month lows after the Bank of Japan maintained its ultra-dovish policy.

(Reuters) — Billionaire investor Bill Ackman said he believed 30-year interest rates would rise further, while his Pershing Square Capital Management hedge fund remains short on bonds, as he sees inflation remaining stubbornly high.