Lowe's Financial News

“While there could be multiple sectors that would benefit from this event, the broader themes that would hog limelight could be the energy sector, power sector, automobiles, cement, commodities such as metals, space/defence to name a few,” says Nitin Rao, CEO, InCred Wealth. In an interview with ETMarkets, Rao said: “The focus on switching to clean energy/decarbonization / moving away from fossil fuels, exhibits a lot of opportunities for companies operating in the oil & gas/energy sector” Edited excerpts:The market seems to be finding some resistance at higher levels – what is your take on markets at current?After a significant rally from March 2023 lows, markets peaked around 20th July this year close to 20,000 on the Nifty 50 index. After almost a 1.5-year period, markets broke out of the 17800 – 18700 range that it had been trading in since October 2021.

Sensex and Nifty rallied for the second straight session on Monday. The BSE benchmark Sensex climbed 240 points to settle at 65,628, while Nifty rose 93 points to end at 19,528.80. Stocks that were in focus included names like Kotak Bank, which fell 0.37%, IDFC First Bank, which gained 5.78%, and Nazara Tech, whose shares jumped 10.20% on Monday. Here's what Riches Vanara, Technical And Derivatives Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.Kotak Mahindra Bank — BuyOn the weekly chart, the stock has been trading in a range of 3% since the last 4 weeks and the only positive thing in this setup after a sharp sell off is that the stock is not making a new low. This seems to be a positive sign and can be seen as supply is getting exhausted.

dollar was firm on Tuesday and the Aussie under a little pressure as traders watched out for the Reserve Bank of Australia's interest rate decision with bets that rates may have peaked. The Aussie was 0.5% lower at $0.6431 in early trade. Softer than expected inflation data for July has markets all but certain the cash rate will stay on hold at 4.1% when the RBA announces its decision in the next few hours, far lower than where U.S.

Texas has cast an unexpected spotlight on Lake Belton, revealing a trove of submerged items that have raised concerns among residents. As the water recedes, it has unveiled over 300 tires, prompting the community to mobilize for their removal and raising questions about the lake's safety. In this article, we delve into the situation at Lake Belton, exploring the origins of these tires, concerns regarding their environmental impact, and the community's cleanup efforts.

China increasingly isolated and the US and its allies seeking a developing-market champion, India is having a moment. But is it ready? The tailwinds are there. The $3.4 trillion economy is among the fastest growing globally, and India’s population became the largest in the world earlier this year. Prime Minister Narendra Modi’s government has sought to compensate for low private investment by plowing billions into new infrastructure and using a mix of tariffs and incentives to lure global manufacturers, especially those seeking to diversify away from China. India will contribute just over 15% to global growth this year, according to the International Monetary Fund, right behind China’s 35% and more than the entire Western hemisphere’s 14%.

Bain Capital has approached Dr Reddy's Laboratories (DRL) to explore a joint bid to buy out the promoters of Cipla, the Hamied family. Last week, senior leadership from both sides met along with their advisors to discuss and formalise a strategy, said people aware of the development.

Last week brought high volatility but little change for bitcoin's price, which registered a high of $28,167 and a low of $25,328 but closing the week down a modest 0.48%.

NEW DELHI : NHPC Ltd, Tata Power Ltd, Adani Green Energy Ltd and JSW Energy Ltd are among companies that have proposed to build pumped storage projects (PSPs) totalling 39GW in the country, an official aware of the development said, potentially attracting investments of as much as ₹3.12 trillion. In PSPs, excess energy is used to pump water to an upper reservoir when power demand is low. When demand rises, water is released, turning a turbine which generates electricity.

By Jan Schwartz

Stock Market Overview

Winnie the Pooh: Blood and Honey 2 new teaser has been released. Among other things, it shows the return of an important character, Christopher Robin. A.A. Milne's kid-favorite characters got a twist in the first and original film, Blood and Honey. The twisted version of the iconic comic characters wasn’t received well. The writing was lazy and so was the direction, and the low budget added to the lack of appeal. After this, the sequel’s crew made some changes for the better in Winnie the Pooh: Blood and Honey 2. The first part was not suitable for kids, as the classic children's novel characters, Pooh and Piglet, turned out to be killers of young human adults. The reason they turn murderers is their angst because of how their human Christopher Robin left them when he grew up. Director Rhys Frake-Waterfield is unfazed by the criticism of the first part of this franchise. He aims to create a similar universe of twisted children's characters. Moreover, Winnie the Pooh Part 1 did do well at the box office. The director is also working on horror adaptations of Bambi and Tinkerbell from Peter Pan, which will go gory like Winnie the Pooh. In Blood Honey 2 as well, there will be more violence and better production values. So, gear up for it.

By Karin Strohecker and Vincent Flasseur

₹14,295 crore in August, this is the lowest since March. To be sure, India is seen relatively better placed than Asian peers on stable macros and is expected to continue to garner FII money in the near term.

President Joe Biden has told a crowd gathered in Philadelphia for a Labor Day parade he’s “celebrating jobs, good-paying jobs, jobs you can raise a family on, union jobs.”

By Joice Alves

Last week, Bitcoin's volatility increased slightly as the crypto ultimately closed the week at $25,900.

Shiba vs Pepe (Shepe) is trending powerfully on the markets right now, hoping to match the returns of previously successful meme coins. It stages a battle between two of the most successful meme tokens of all time - Shiba Inu and Pepe.

Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted the need for bringing in solutions to tackle the key challenges to existing cross border payments including high cost, low speed, limited access and insufficient transparency. To this, the governor of India's central bank suggested that Central Bank Digital Currency (CBDC) can play an important role in making cross-border payments cheaper, faster and more secure. «Faster, cheaper, more transparent, and more inclusive cross-border payment services would deliver widespread benefits to people and economies worldwide.

Prostate cancer loomed over David Weigand’s family: His uncle had the disease, and his father died of it. Yet widely followed recommendations for prostate-cancer screening didn’t consider him eligible for a test. ​In 2021​, he got tested anyway at his partner Cody Green’s urging.

Domestic benchmark index NSE Nifty ended 93.5 points up at 19528.8, while the BSE Sensex closed 240.98 points up at 65628.14. On the other hand, MMTC, Indian Railway Fin, De Neers Tools, All E Technologies and JP Associates stocks hit their fresh 52-week highs today. In the Nifty 50 index, Coal India Ltd, Wipro, HCL Tech, UltraTech Cem.

By Divya Chowdhury