Stock Market LIVE: Sensex jumps over 950 points, Nifty soars above 24,250; Infosys, M&M in focus | News on Markets

Stock Market LIVE: Sensex jumps over 950 points, Nifty soars above 24,250; Infosys, M&M in focus | News on Markets

business

9:43 AM

Top dividend yield stocks: Religare Broking picks best bets for investors

Domestic brokerage firm Religare Broking has come up with a list of stocks with high dividend yields. Dividend yield is one of the main factors to consider when investing in dividend-paying stocks. It is an indicator of the return that investors are earning on their shares. Religare Broking has filtered the list of top dividend-paying companies based on their fundamental strength and selected 10 stocks. READ MORE

DIVIDEND

8:55 AM

View: Investors should prioritise largecap investment


After the twin jolts from US recession fears and the unwinding of the Yen carry trade, stock markets globally are slowly limping back to stability. The message from the Bank of Japan that  “rates will not be hiked when markets are unstable” will help in stabilising the Yen and prevent further massive unwinding of the Yen carry trade.


 


Even though FIIs were big sellers in India in the cash market during the last three days, their selling is being matched by DII buying. This countervailing investment by DIIs can impart resilience to the market. It appears that the exuberance of retail investors has taken a knock after the crash in the broader market. Market valuations continue to remain elevated. There is value in financials. At this juncture in the market, investors should prioritise largecap investment over the mid and small caps.


 

(View by: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services)

8:50 AM

Comment: GIFT Nifty shows signs of recovery

Gift Nifty is showing signs of recovery after three days of losses. The key question is whether this rebound will gain momentum or fizzle out as a dead cat bounce. Today, we expect a bullish sentiment, fuelled by positive cues from Wall Street and a 10 per cent surge in Japan’s Nikkei index. The WTI crude futures dipping below $73 per barrel is a positive factor.

Investors are also eyeing a potential Fed rate cut in September, with the likelihood of a double-rate cut increasing. This week’s focus will be on the RBI MPC outcome on Thursday and Q1 results from companies like PIDILITE, GODREJ CONSUMER, and others.

Expect a brighter Wednesday for Nifty and its stocks, with a recommended trade of buying Nifty at 23,993 and Bank Nifty at 49,748, targeting higher levels. Our chart of the day is bullish on ALKEM LAB and M&M FINANCIAL, with ALKEM LAB being a top buy, signalling a potential upside breakout.

(Comment by: Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd)

8:45 AM

Lupin Q1 result: Profit jumps 77% to Rs 801 cr on strong performance

On a sequential basis, the company exhibited a significant 122.9 per cent increase in PAT, with revenue also increasing by 12.6 per cent. The Ebitda (earnings before interest, tax, depreciation, and amortisation) margin rose by 48.9 per cent Y-o-Y, reaching Rs 1,308.8 crore.READ MORE

8:40 AM

Low on equities, balanced advantage funds withstand market turmoil better

MF executives and investment experts say that BAFs and other hybrid funds may gain an edge over pure equity funds if the volatility continues in the equity market. The inflows into BAFs have been subdued in the last two years.READ MORE

8:36 AM

V-Mart faces tough road ahead despite promising June quarter: Nuvama

V-Mart analysis post Q1: Despite a promising June quarter (Q1FY25), V-Mart is navigating a challenging landscape. The retail chain operator faces several hurdles, including evolving customer preferences, disruptions in transport logistics, and intensifying competition, analysts at domestic brokerage Nuvama said. Readmore

inflation, US inflation, retail inflation


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