Lowe's Financial News

Cholamandalam Investment & Finance Company Ltd. traded 1.63 per cent down in Monday's trade at 11:26AM (IST). Around 18,843 shares changed hands on the counter.

Stock market today: After announcement of Yes Bank Q2 results 2023 on Saturday last week, Yes Bank shares today came under the sell off heat. Yes Bank share price today opened higher at ₹17.40 apiece levels, but soon came under the sell off heat and hit intraday low of ₹16.75 per share levels, losing to the tune of 2.50 per cent during early morning deals on Monday.

ICICI Bank gained over 1% on Monday to hit the day's high of Rs 944.80 on the NSE following strong September quarter earnings. The stock was the top Nifty gainer despite a lacklustre opening trade. The stock also gained on favourable views taken by a couple of top brokerages including Jefferies, Kotak Institutional Equities, Motilal Oswal and Nuvama, all of which recommended a buy on the counter.

Domestic benchmark index NSE Nifty fell 15.5 points to 19527.15, while the BSE Sensex traded 19.27 points down at 65378.35. On the other hand, Macpower CNC Machine, BSE, Zodiac Energy, CreditAccess Grameen and South West Pinnacle stocks hit their fresh 52-week highs today.

Bharat Forge Ltd. gained 0.28 per cent to Rs 1074.0 at 10:20AM (IST) in Monday's trade. The stock has hit a high of Rs 1085.0 and low of Rs 1070.0 so far during the session.

Bajaj Holdings & Investment Ltd. rose 1.09 per cent to Rs 7130.7 at 10:10AM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.

Alibaba Group said it will be offering huge discounts as it gears up for its annual Singles Day shopping extravaganza — an indication that Chinese consumer confidence remains at a low ebb. The event — which begins on Tuesday and despite its name now stretches over several weeks — will offer over 80 million products at their lowest prices this year, it said in a statement.

“We expect nominal GDP growth of 10% to 11% in the next 12 months, which should be in line with 11% to 13% return for large cap indices,” says Pradeep Gupta, Co-founder & Vice-Chairman, Anand Rathi Group. In an interview with ETMarkets, Gupta said: “Market timing and the selection of specific instruments within an asset class explain only about 10% of portfolio return variability” Edited excerpts: October is turning out to be a roller coaster ride for investors in equity markets. Will geopolitical concerns have a long-term impact on equity markets if things escalate? Major indices across the globe witnessed sharp volatility in the past couple of weeks due to the rising Israel-Palestine war. In the same week, we witnessed the U.S. stock-index futures fall over 0.5%, Nifty was down ~140 bps pts.

BSE Sensex closed 231.62 points, or 0.35%, lower at 65,397.62, while the NSE Nifty settled 82.05 points, or 0.42%, lower at 19,542.65. Nifty formed an identical open and close type candle on the daily chart, which is indicating a formation of doji type candle pattern (type of gravestone doji pattern, but not a classical one).

growth in net profit helped by a low base in the year-ago period and a stellar performance by banking and finance companies, offsetting a muted show by software exporters. For a sample of 219 companies, aggregate net profit grew 29.8% year-on-year in the September quarter, the most in six quarters.

analysts have identified 19,500 as the immediate support for the Nifty, with a subsequent swing low support at 19,330. They caution if this support is breached, there is a likelihood that the index could further decline towards the range of 19,000 to 18,900 in the coming weeks. Analysts suggest traders may want to explore potential opportunities in Reliance, HDFC Bank, IndusInd Bank, and Sun Pharma. RUCHIT JAIN LEAD RESEARCH ANALYST, 5PAISA.COM Where is Nifty headed this week? The recent pullback in Nifty resisted around the 61.8% retracement of the previous correction.

TLDR 

Plentiful solar power drove wholesale electricity prices below zero a record 19 per cent of the time on the National Electricity Market in the September quarter, piling further economic pressure on ageing coal-fired power plants still needed to meet the bulk of demand.

Bernadette Inglis thinks the so-called “mortgage cliff” was over-hyped.

These devices, which once helped millions get connected to fast internet when WiFi penetration was low and data prices too steep, are now missing from retail shelves, edged out by the ubiquitous 4G smartphones with their WiFi hotspots and publicly available free WiFi in community areas. A multitude of factors have led to 4G dongles seeing the end of the line, right from data prices crashing to the proliferation of high data usage during the pandemic through home broadband connections, said industry executives and market trackers. «There are now no new dongles coming into the market.

Innergex Renewable Energy Inc. has witnessed a significant 66% drop in its share price over the past three years, including a 41% decline in the last year and an additional 33% fall in the recent quarter. The company's inability to generate profits, despite posting a consistent 16% yearly revenue growth during this period, raises questions about its long-term sustainability. According to InvestingPro data, Innergex's adjusted market cap stands at 1290.9M USD, and the company has been trading at a negative P/E ratio of -84.33, which highlights its lack of profitability.

Despite a three-month dip of 3.3% in its stock value, DuPont de Nemours (NYSE:DD) showcased strong financial performance, underpinned by a five-year net income growth rate of 43%. The robust growth is attributed to efficient management within the company, a fact echoed by InvestingPro Tips, which highlight that the management has been aggressively buying back shares, further indicating their confidence in the company's trajectory.

fire, writes Rutger Bregman in his book, Humankind: A Hopeful History. They even pretended to fire, and reload, to appease their superiors. The latest phase in the Israel-Palestine conflict is uniquely brutal for Israel, and brutal in a very familiar way for Palestinians.

Gaza overnight and into Sunday, as well as two airports in Syria and a mosque in the occupied West Bank allegedly used by militants, as the two-week-old war with Hamas threatened to spiral into a broader conflict. Israel has traded fire with Lebanon's Hezbollah militant group on a near-daily basis since the war began, and tensions are soaring in the Israeli-occupied West Bank, where Israeli forces have battled militants in refugee camps and carried out two airstrikes in recent days.

Middle East, which has created significant uncertainty in financial markets. The week began with a slight dip in COMEX gold prices, but a remarkable one-sided rally ensued.