Week Financial News

Apple introduced an impressive line-up of iPhone 15 series, Watch Series 9 and Watch Ultra 2 at the highly-anticipated Apple Event. From achieving a significant environmental milestone to unveiling the most efficient chipsets, the company put up quite an impressive show at the corporate headquarters of Apple Park in Cupertino, California. The iPhone-maker expanded its smartwatches line-up with impressive offerings.

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.

₹156 to ₹164 per equity share of face value of ₹1 each. Zaggle IPO lot size is 90 equity shares and in multiples of 90 equity shares thereafter.

Investing.com — The U.S. dollar edged higher in early European trade Tuesday, reversing some of the previous session’s sharp losses as traders revised their positions before data showing a potential rise in U.S. inflation. 

share buyback price to ₹3,200 from ₹3,000. Larsen & Toubro share price today opened at ₹2,954.05 apiece on BSE. On Monday L&T in an exchange filing said that it has also decreased the maximum number of shares planned to be bought back from 3.33 crore to 3.12 crore, representing 2.22% of the equity capital.

The Labor Department releases its August snapshot of U.S. consumer prices Wednesday

A rally for Big Tech stocks helped Wall Street claw back about half its loss from last week

Cryptocurrency asset outflows for the week of Sep. 3 through 9 totalled $59.3 million, bringing the current run to $249 million over four consecutive weeks. 

LONDON (Reuters) -Shares in London-listed drugmaker AstraZeneca (NASDAQ:AZN) fell more than 4% on Monday, sliding to their lowest since July 19.

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.

Investing.com -- Key U.S. inflation data later this week looms large, with investors hoping that the figures will help clear up uncertainty around the Federal Reserve's interest rate path for the rest of 2023. Elsewhere, Alibaba announces an unexpected leadership shake-up ahead of a planned restructuring of the sprawling Chinese business, while Arm reportedly eyes pricing its highly-anticipated initial public offering at the top end of its indicated range — or above.

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.

Nifty50 stocks surged to reach new 52-week highs. These stocks include Maruti Suzuki India, HCL Technologies, LTI Mindtree, and Titan Company. The data was sourced from StockEdge at 2:20 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

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Bitcoin (BTC) begins a key macro week in a weak place as 2023 BTC action begins to look like a “double top.”

Vodafone Idea shares jumped 10% to their 52-week high of Rs 12 on the NSE on Monday following 50% payment of their licence fees and spectrum usage charge (SUC) dues for the March quarter. The company has also assured the Department of Telecommunications (DoT) that 90% of the dues for the June quarter will be cleared in a staggered manner along with interest payment. The price action witnessed strong volume action in the stock with over 35.76 crore shares changing hands on the NSE in the intraday trade around 12 pm.

equity market benchmarks the Sensex and the Nifty have been in the green in September so far. Both indices are up over 3 per cent this month so far and analysts expect them to hit their all-time highs soon. However, the ongoing rally may not be sustained as the fundamentals are not supportive at this point.

Ircon International share price surged 19.3% to touch a 52-week high of ₹159.25 apiece, Rail Vikas Nigam share price jumped 17.6% to hit a 52-week high of ₹191.40 apiece, and Indian Railway Finance Corporation (IRFC)share price rose 10% to touch a 52-week high of ₹84.76 apiece on BSE. According to to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, these railways stocks have seen strong traction in the September month as Ircon International stock is up by 38% , Rail Vikas Nigam is up by 41% and IRFC stock is up by 68%, respectively. The momentum is strongly in favours of bulls but post a strong move in just 10 day, the indicators are in overbought.

When bulls are in control of the street, one thing which should be kept in mind is that volatility knocks the market without giving any notice. Pretty much as it did in the last week of July, also volatility in the market can make even the best of the rational minds swayed by news flash.

Ralph Lauren took over a different New York city borough — Brooklyn — with a sumptuous event that marked his return to NY Fashion Week after four years and brought out stars like Jennifer Lopez, Julianne Moore, Diane Keaton, Mindy Kaling, Gabrielle Union, James Marsden and many others. After crossing the country last year to stage a lavish show at the grand Huntington Library in San Marino, California, Lauren returned to his home base of New York with Friday's show in a cavernous warehouse space at the Brooklyn Navy Yard, transformed into a reimagined artist's loft. He decorated the space with rustic wood and draped canvases, and added glittering chandeliers above. None other than Christy Turlington closed out the runway show of Lauren's Spring 2024 women's collection, the 53-year-old supermodel looking regal in a one-shouldered gown in shiny gold.

SJVN shares jumped 10.5% to hit a 52-week high of Rs 70.7 in Monday's trade on BSE after the company's subsidiary SJVN Green Energy (SGEL) signed a power purchase agreement with Bhakra Beas Management Board (BBMB) to develop an 18 MW solar power project. «The project will be developed on the land parcels of BBMB in the states of Himachal Pradesh & Punjab. The project is scheduled to be commissioned by August 2024,» the company said in an exchange filing. The project has been secured through open competitive bidding at a tariff of Rs 2.63/- in the e-reverse auction organized by the Punjab Energy Development Agency, SJVN said. The project will generate 39.42 million units of energy in the first year of operation, and the cumulative energy generation over a period of 25 years would be about 917 million units, the company added. The Power Purchase Agreement for the power produced from the project has been signed with BBMB for 25 years. SJVN plans to install over 10,000 MW renewable energy capacity in three years while progressing towards its shared vision of becoming a company of 25000 MW by 2030 and 50000 MW by 2040, the company said. At 10.18 am, the scrip was trading 8.8% higher at Rs 69.6 on BSE.