Lowe's Financial News

The Dogecoin price has slipped by 2% in the past 24 hours, yet its fall to $0.060437 hasn't prevented it from overtaking Cardano (ADA) in the cryptocurrency market's capitalization rankings.

After staving off recession for longer than many thought possible, the US consumer is finally about to crack, according to Bloomberg’s latest Markets Live Pulse survey. 

Morgan Stanley has pushed back against Treasury bears, saying investors should buy US sovereign debt as markets may be too optimistic over the prospect of a soft-landing for the economy.

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On the BSE, City Pulse Multiplex(down 14.70 per cent), Coffee Day Ent(down 14.57 per cent), Chandra Bhagat Pharm(down 14.00 per cent), Ambo Agritec(down 10.56 per cent) and UTL Industries (down 10.00 per cent) stood among the top losers in today's trade. In the Nifty pack, 46 stocks closed in the green, while 4 stocks ended in the red. The index closed 176.4 points up at 19996.35. On the BSE, Sarda Proteins, Ritesh Intnl, Corp Courier, Voltaire Leas and Concrete Credit Ltd. hit their fresh 52-week lows, while ITI Ltd, SJVN, Creative Casting, Ircon Intl.

“The steep increase in stock prices simply reflects the irrational exuberance of investors in the mid-cap and small-cap parts of the market,” Sanjeev Prasad, co-head of institutional equities at the brokerage, wrote in a note. “There is no meaningful change in the fundamentals of most companies; in fact, they have worsened in many cases,” he said.Indian shares have surged on expectations for growth in the economy and corporate earnings, with a boom in retail investing particularly helping smaller stocks outperform.

Domestic benchmark index NSE Nifty ended 176.4 points up at 19996.35, while the BSE Sensex closed 528.17 points up at 67127.08. On the other hand, SJVN, Ircon Intl., ITI Ltd, Vikas Ecotech and Vikas Multicorp stocks hit their fresh 52-week highs today. In the Nifty 50 index, Adani Ports SEZ, Adani Ent., Power Grid, Apollo Hospital and Axis Bank were among the top gainers on the NSE in the today's trade. Meanwhile, Coal India Ltd, ONGC, Bajaj Finance, L&T and IndusInd Bank were among the top losers of the day.

Surfing on Saudi-Russian production cuts, oil bulls will be seeking to defend the high price of $90 per barrel this week even with U.S. inflation data forecast to show a climb for a second straight month that could prompt the Federal Reserve to consider a more aggressive stance on interest rates.

Desert Technologies (DT) an independent solar PV and smart infrastructure holding company and Essar Group have signed a Memorandum of Understanding (MOU) to develop renewable energy solutions for Essar Group’s Green Steel Arabia (GSA) project in the Kingdom of Saudi Arabia (KSA) as well as potential future projects. The MOU was executed between Desert Technologies and Essar Group in the G20 summit on Monday. The companies said, through this partnership, they will develop solutions for renewable energy generation and storage for Essar’s Flat Steel Complex in the KSA which is the first green steel project in the GCC region and will also explore opportunities for other potential projects. “Desert Technologies's MOU with Essar signifies our long-term commitment to meet the growing demand for renewable energy solutions; especially in the KSA. Its solutions in the renewable energy sector, price competitiveness and low Carbon footprint solutions will further boost the growing low CO2 emission steel industry," said Chief Executive Officer of DT Investments, Khaled Sharbatly. Based in Saudi Arabia, and operating in more than 25 countries, Desert Technologies has a proven track record as a PV developer, investor, EPC and O&M contractor, PV solar panel manufacturer, and energy storage systems integrator. Essar is currently looking at investing about $4.5 billion in setting up an integrated steel plant in Ras Al Khair, Saudi Arabia.

The Indian financial markets have displayed remarkable resilience in recent years, even amidst a global macroeconomic environment fraught with uncertainty. This resilience can be attributed to a combination of the Indian economy’s strength and favourable policy actions aimed at achieving the ambitious goal of a $5 trillion GDP. Consequently, domestic investments in financial markets have surged, with monthly Systematic Investment Plan (SIP) flows in mutual funds exceeding INR 15,000 crore, accompanied by a growing influx of retail investors.

It all started about six decades ago when the Unit Trust of India launched the Unit Scheme-1964 scheme or US 64 as it was popularly known. UTI held sway over the mutual funds market for nearly 25 years thereafter before the space was thrown open to other state-owned players. But even after the private sector was allowed entry it took until May, 2014 for the average assets under management (AAUM) to hit the Rs 10-trillion mark. That had probably less to do with the chequered career of US 64 than the low levels of awareness of the stock market. However, over the last decade the value of assets has soared, crossing Rs 46 trillion in July; in the last three years, the industry clocked in a compounded annual growth rate of nearly 20%. Now, given how fast folios are being added and how the stock market is booming, the Rs 50 trillion mark seems just round the corner.

As the markets near their all-time highs and investors become wary, asset management companies are launching multi-asset funds. Investing in these low-correlated funds can safeguard the portfolio from drawdown and inflation risk, helps in diversification and get better risk-adjusted returns.

In the complex world of financial services, debt recovery is a crucial challenge for banks and institutions. Two main solutions have emerged: Debt Recovery Agents (DRAs) and Litigation Financing. While DRAs have been less effective due to aggressive tactics and legal concerns, a promising alternative called Litigation Financing or Third-Party Funding (TPF) has emerged. TPF involves third-party funders supporting litigation costs in exchange for a share of the proceeds in successful cases. The lacking regulation in DRA gives push to TPF as it allows claimants to access the justice and peruse for their own claims even with limited financial sources.

RBI's) target range of 2-6 per cent. Official data on retail inflation will be released on Tuesday (September 12). According to the median of estimates by 18 economists in a Mint poll, India’s retail inflation likely eased to 7 per cent in August from July’s 15-month high of 7.44 per cent.

Small-cap stock under ₹50: IRB Infrastructure Developers shares have been in uptrend after ushering in financial year 2023-24. After bottoming out at around ₹22.50 apiece levels on NSE at the end of March 2023, this toll management company's stock has remained an ideal buy on dips stock for positional investors. In near six months, this small-cap stock below ₹50 has rise to the tune of 55 per cent whereas in last one month, it has risen around 35 per cent.

Lithium-play Liontown Resources has allowed New York-listed Albemarle into its data room to undertake exclusive due diligence for four weeks, kicking off the $6.6 billion sale of the Perth-based miner.

LONDON — The Bank of England's rapid pace of bond sales is creating a «selling gold at the bottom» moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.

Stock market today: Coffee Day shares have been under sell off heat since early morning deals. Coffee Day share price today opened downside and went on to hit intraday low of ₹43.35 apiece on NSE, logging more than 17 per cent dip within an hour of early morning deals.

Apple is set to unveil the iPhone 15 series at its 'Wonderlust' event tomorrow. The event will begin at 10:30 pm (Indian time) on 12 September at the company's headquarters in Cupertino. Here's a list of all the launches expected at the Apple event: The star of tomorrow's Apple event will be the four new iPhones launched this year - the iPhone 15, 15 Plus, 15 Pro and the iPhone 15 Pro Max.

India Hotel Ltd, part of the hotel & resort industry, hit a fresh record high after a breakout from a channel formation in the last week of August. Short-term traders can look to ride the momentum for an upside target of Rs 465 in the next 3-4 weeks, suggest experts. The stock has been moving in a range since June 2023 where levels around 400 acted as a stiff resistance on the upside while support was seen above 350 levels on the daily charts. It witnessed a breakout from the consolidation range on 30 August 2023 and since then the stock has been moving in an upward trajectory. The stock has been making higher highs and higher lows for the last 3 weeks. The stock also climbed above the 50-DMA on 30 August 2023 which suggests that the short-term momentum is on the upside.

Gold prices started the week on a firm footing on Monday, supported by a retreat in the dollar, as investors awaited U.S. inflation data due this week that would indicate the Federal Reserve's next interest rate move. FUNDAMENTALS * Spot gold was up 0.1% at $1,919.52 per ounce by 0105 GMT, but still hovered near one-week lows hit on Sept.