Lowe's Financial News

Pierre Poilievre spent last weekend at the Conservative convention offering Canadians hope for a better and more affordable country after Justin Trudeau’s time as prime minister ends. Meanwhile, Trudeau’s Liberals are taking a well-deserved public opinion thrashing — the inevitable backlash against their failed policies and unwavering insistence that the miserable outcomes they have produced are in fact splendid results. The Liberal caucus is said to be frustrated, discouraged, angry and disillusioned.

Good morning,

Liontown Resources chairman Tim Goyder says Hancock Prospecting’s surprise swoop on a strategic stake in the $6.6 billion battle for his West Australian lithium hopeful demonstrates the quality of its Kathleen Valley project, despite billionaire Gina Rinehart suggesting the development still poses some risk.

On the BSE, Shoora Designs(down 20.00 per cent), SDC Techmedia(down 20.00 per cent), Texmaco Rail(down 14.75 per cent), STC India(down 14.13 per cent) and Luharuka Media & In(down 13.41 per cent) stood among the top losers in today's trade. In the Nifty pack, 19 stocks closed in the green, while 31 stocks ended in the red. The index closed 3.15 points down at 19993.2. On the BSE, Shoora Designs, SecUR Credentials, GTN Textiles, Innovatus Entertain and Atal Realtech hit their fresh 52-week lows, while Karnimata Cold Store, SMIFS Capital, Standard Batt, ITI Ltd and Scarnose Internation touched their fresh 52-week highs in today's trade.

Dubai apartment values surged by the most in nearly a decade in August, broadening a property rally that’s transformed the city into one of the world’s hottest housing markets. The city’s housing boom, so far largely driven by larger single-family homes, is now pushing up prices for apartments that make up about 85% of the housing supply in the Middle East’s business and tourism hub. Prices for apartments rose 20% on average in the year through August, marking the best performance since November 2014, according to real estate adviser CBRE Group Inc. The gains outpaced price increases of 17.3% for single family homes, known locally as villas, according to CBRE. Dubai’s real estate rebound comes after a seven year slump, fueled by an influx of newcomers — from crypto millionaires and bankers relocating from Asia to wealthy Russians seeking to shield assets. The government has also brought in a slew of reforms, relaxing visa laws and introducing visas for job seekers and freelancers. While prices for single-family homes soared from pandemic lows, the recovery for apartments had so far been slower. Average prices for apartments are still 9.6% below their peak in 2014, while those for larger houses are 8.7% higher, according to CBRE.

ALSO READ: Russia-China relations reached unprecedented historical level will continue to strengthen, says President Putin Putin also described legal proceedings against former US president Donald Trump as 'politically motivated persecution', added the report. "As for the persecution of Trump, for us, in the current environment, it's good because it shows the rottenness of the American system," AFP quoted Putin as saying.

The SBI's latest research report has stated that it has analysed the EPFO payroll data trends for the last four years, net new EPF subscriber addition during FY20 to FY23 was 4.86 crore The research report further stated that the EPFO payroll data in the first quarter of the current financial year, the trend is quite encouraging. It further sated that already 44 lakh net new EPF subscribers joined, of which first payroll were 19.2 lakh. If this trend continues for the whole fiscal then in FY24, the net new payroll cross the 160 lakh mark (highest-ever) with first payroll in the range of 70-80 lakh.

Multibagger stock: Ace investor Madhu Kela has bought fresh stake in multibagger stock Transformers and Rectifiers (India) Ltd. As per the latest exchange filing by the small-cap multibagger stock, Madhu Kela has been allotted 55,78,111 company shares from the share allotment committee of the company.

Immigrant farm workers would receive new protections under a Biden administration proposal to be announced Tuesday

Bharat Electronics Ltd. traded 6.56 per cent down at Rs 135.25 at 02:04PM (IST) on Tuesday, even as BSE benchmark Sensex gained 68.79 points to 67195.87.

₹104.44 apiece on BSE on Tuesday's session. NIIT stock price touched an intraday high of ₹118.49 and low of ₹104. Fractal Analytics is an American multinational artificial intelligence (AI) company that assists global Fortune 100 organisations in powering every human choice within the organisation by integrating analytics and AI into the decision.

Tata Power Company Ltd. fell 2.53 per cent to Rs 264.9 in Tuesday's trade as of 01:39PM (IST) even as the benchmark Nifty ruled at 19995.5, down 0.85 points. The scrip had closed at Rs 271.8 in the previous session.

Cholamandalam Investment & Finance Company Ltd. traded 2.95 per cent down at Rs 1149.65 at 01:44PM (IST) on Tuesday, even as BSE benchmark Sensex gained 80.57 points to 67207.65.

Nifty appear to have lost steam as both traded volatile on Tuesday amid lingering concerns over sticky inflation, higher interest rates, and a slowdown in global economic growth. Sensex opened with a strong gain of 380 points at 67,506.88 against the previous close of 67,127.08 but failed to hold altitude and fell over 150 points in the trade so far.

Voltas Ltd. traded 3.27 per cent down at Rs 877.5 at 12:43PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 57.04 points to 67070.04.

Trent Ltd. slipped 2.36 per cent to Rs 2037.05 in Tuesday's trade as of 12:38PM (IST). The stock hit a high price of Rs 2110.6 and low of Rs 2034.75 during the session. The return on equity (ROE) for the stock stood at 17.13 per cent.

Au Small Finance Bank Ltd. traded at Rs 718.65 on BSE at 12:28PM (IST) on Tuesday, down 2.21 per cent from previous close. The scrip quoted a 52-week low price of Rs 548.15 and a high of Rs 794.95. Earlier, shares of the company saw a gap down opening in the morning. A total of 21,546 lakh shares changed hands on the counter till 12:28PM (IST). The stock of Au Small Finance Bank Ltd.

Ashok Leyland Ltd. traded 3.46 per cent down at Rs 178.4 at 12:23PM (IST) on Tuesday, even as BSE benchmark Sensex gained 23.39 points to 67150.47. The stock had closed at Rs 184.8 in the previous session.

lithium six- to seven-fold. All told, a carbon-neutral world in 2050 will require 35m tonnes of green metals a year, predicts the International Energy Agency, an official forecaster. Adding aluminium and steel to the mix, the ETC forecasts that demand between now and then will hit 6.5bn tonnes.

crude oil production by 10 lakh barrels until December 2023. "In this backdrop, Indian refiners which are the key beneficiaries of cheaper Russian crude should still be able to clock GRMs of around $9-10/bbl in FY24 as the likely decline in their margins on processing Brent crude is expected to be offset by the significant expansion in margins on processing Russian crude which can even balance out the potential decline in supply of Russian crude in the near term. Also, with the onset of winter in Western countries, cracks for refined products are expected to improve from the existing levels, further helping the GRMs of Indian refiners," said CareEdge Ratings in its report.

Zee Entertainment Enterprises Ltd. traded 1.98 per cent down at Rs 274.15 at 12:02PM (IST) on Tuesday, even as BSE benchmark Sensex gained 177.84 points to 67304.92.