Lowe's Financial News

₹58,550 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 58,556, and a low of ₹58,533. Around 9.20 a.m., MCX Gold for October 5 delivery traded 0.15 per cent lower at ₹58540 per 10 grams. Silver price today opened at ₹71,750 per kg on MCX and went on to hit an intraday high of ₹71,750, and a low of ₹71,380.

“Corrections, whether through consolidation over time or absolute fall, cannot be ruled out in such instances. However, at the index level, we expect mid and small-cap outperformance over large-cap to persist over the next 12 to 18 months,” says Anand Rathi, Founder & Chairman, Anand Rathi Group. In an interview with ETMarkets, Rathi, said: “Currently, the future profits prognosis for mid- and small-cap firms appears to be more promising than that of large-cap stocks” Edited excerpts:Nifty@20,000 but it seems to be finding some resistance at higher levels – What is your take on markets at present?The Indian equities market has risen throughout the current fiscal year after remaining range-bound since October 2021. In the last 12 months, the large-cap has gained roughly 12%, the midcap around 25%, and the small cap over 30%.

Viral Berawala, Director, Buoyant Capital, says, “IT again has become a 7-8% growth sector plus add 3 or 4% for dividend. So IT reverts back to being a 11-12% growth sector and valuations for most companies are at least one standard deviation above average. In IT, we are unlikely to make disproportionate returns from this point on. It maybe an okay place to hide but not for making great returns.”Do you like the power space and which part of the value chain in power would you be most bullish on?In power, the August volume growth has been tremendous.

large cap funds as a core holding in their portfolio as such companies are better prepared than smaller companies to manage risk. Investors can participate in such companies using mutual fund schemes.How can an investor take exposure to large cap stocks using mutual funds?Large cap stocks are present in several mutual fund categories. While large cap funds have a minimum allocation of 80% to large cap stocks ranked 1-100 by market capitalisation, multi cap schemes need to have a minimum allocation of 25% to large caps. Although flexi cap and focused schemes are free to choose stocks based on the fund manager’s view of the market, most schemes end up allocating 50-70% to large cap stocks. There are many passive mutual fund schemes that mimic the index and give exposure to large cap stocks. Passively-managed schemes that track the Nifty 50, S&P BSE Sensex, Nifty Next 50, Equal Weight Nifty, and Nifty 100 have a portfolio of large cap stocks.What advantages do actively-managed large cap funds offer over passive funds?Passive funds invest in stocks in the same proportion of the index that they track. They have a low cost compared to active funds. However, actively managed funds give flexibility to buy stocks and allocate on the fund manager’s view of the market. The fund manager is free to decide the allocation to each stock in the portfolio, with the maximum allocation to a single stock at 10%. Based on the fund manager’s view of the market and valuations, s/he is free to exclude any stock or have a low weight.

Byju’s, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash. Byju’s last year transferred more than half a billion dollars to Camshaft Capital Fund, the investment firm founded by William C. Morton when he was just 23 years old, some Byju’s lenders claim in a lawsuit. Morton’s fund received the money despite an apparent lack of formal training in investing, according to the lenders. What’s more, luxury cars — a 2023 Ferrari Roma, a 2020 Lamborghini Huracán EVO, and a 2014 Rolls-Royce Wraith — have been registered in Morton’s name since the transfer occurred, according to court papers.

Wall Street stocks ended lower on Tuesday as Oracle shares tumbled more than 13% after a weak forecast and surging oil prices deepened worries about persistent price pressures ahead of crucial inflation readings this week.Oracle shares dived to their lowest since June after the cloud-services provider forecast current-quarter revenue below targets and narrowly missed first-quarter expectations. Cloud-computing heavyweights Amazon.com and Microsoft each fell more than 1%, pressured by Oracle's weak forecast and by a rise in U.S. Treasury yields. Oil prices jumped more than 1%, building on a recent rally and stoking worries that sticky inflation could mean U.S.

Amidst the volatility of the crypto market in 2023, InQubeta (QUBE) has emerged as the best cryptocurrency to invest in. InQubeta is not just another cryptocurrency; it represents the world's first crypto crowdfunding platform that specializes in fractional investments in cutting-edge AI startups, facilitated by the QUBE token.

Information Technology companies such as TCS and Infosys firmed up in Tuesday's trading, bucking the broader weakness in the market, as investors and traders perceive these shares as defensive bets if sentiment sours further. The Nifty IT Index jumped 1% on Tuesday, while the benchmark Nifty ended almost flat.

Raphael Geminder, the billionaire businessman who made his fortune in packaging, wants to take his struggling Pact Group off the ASX in a deal that would value the entire company at just $234 million.

Thailand's Prime Minister Srettha Thavisin on Tuesday said his cabinet would this week issue a raft of policies to lower the cost of living, suspend farmers' debts, draw more tourists and boost incomes. Srettha and his 11-party government is presenting its largely populist policy agenda to the new legislature and inherits an underperforming economy struggling from weak demand for Thai exports and lower investor confidence. Srettha, a real estate mogul and political newcomer, has come under fire in parliament for policies the opposition say are vague and lack clear direction. He said cabinet would formalise the plans on Wednesday and introduce them as soon as possible. «I am not sure whether it will be a surprise or not but there are lots of policies that match the challenges,» he told reporters. Industrial sentiment hit a one-year low in August, despite the end of months of post-election deadlock, with concerns over weak exports and the slow recovery.

A report says Poland is losing large numbers of Ukrainian refugees from its workforce as they travel to Germany to seek higher wages and government benefits in the rich Western economy

Several low cost and low tech interventions would increase the chances of mothers and their babies surviving childbirth, according to a new report released Tuesday by The Bill & Melinda Gates Foundation

Diverting Mississippi River water to states struggling with water scarcity isn't a new idea

NEW DELHI : India’s factory output rose to a five-month high of 5.7% in July, up from 3.7% in June, driven by strong growth in mining and power, official data released on Tuesday showed. The Index of Industrial Production (IIP), or factory output growth, stood at 2.2% in July 2022, mainly due to a low base effect.

By Marianna Parraga

The economic calendar is full of key data from the US this week, which should make for a volatile week for all the major pairs. But the fact we also have an interest rate decision from the ECB to look forward to means the EUR/USD will be among the more active pairs, making it the currency pair of the week to watch.

By Rajesh Kumar Singh, Abhijith Ganapavaram and Valerie Insinna

The world's largest company, Apple (NASDAQ:AAPL), aims to dispel recent controversies and reinvigorate growth as it unveils the highly anticipated iPhone 15 series today. This product launch is a pivotal event for Apple, garnering the attention of millions, as it does every year.

₹2,000 crore. Interestingly, ‘deal value’ would also include the value of any investment in the target by any acquirer group entity in the last two years. The need to introduce new-age merger thresholds (alongside more traditional turnover-based thresholds) assumed significance after Facebook’s acquisition of WhatsApp escaped antitrust scrutiny despite its deal value being $19 billion.

In the end, the 2023 G20 Leaders Summit was over almost before it started. Halfway through Day 1, Indian negotiators had hammered out a consensus on the Leaders’ Declaration that, in the words of India’s G20 Sherpa, had “absolutely no dissent, no footnotes, no chair summaries." It was that rare example of a well-achieved global consensus. With 112 outcomes and presidency documents, India’s was arguably also the most productive G20 presidency, having more than tripled the substantive output of previous presidencies.

Rajasthan recording the highest inflation rate at 8.6%, easing from 9.7% in the previous month, whereas Delhi had the lowest rate at 3.1%. However, Rajasthan was not the only state to record high inflation, as three others, Haryana, Telangana and Odisha, also noted 8%+ numbers. Rajasthan and Telangana are among the five states headed for election later this year. An ET analysis shows that 13 of 22 states for which data was available recorded a higher number than the national average of 6.8%--a worse situation than last month when 12 states had recorded higher than national average inflation. Economists indicate that states taking measures to supply subsidized tomatoes had something to do with inflation variances across states. “Delhi has lowest at 3% with the state taking measures of supplying tomatoes at subsidized prices to the people contributing to this low number,” said Madan Sabnavis, chief economist, Bank of Baroda. Further analysis indicates that two of the 22 states recorded an increase in retail prices as inflation declined across the country.