Latest Stock Market News

It’s a mixture of stellar results and liquidity backing the rally. Banking as a percentage of the Nifty 50 index is nearly 18%, and these banking companies have delivered solid growth on the top and bottom lines.

Brokerage firms have shared their latest ratings on various companies. Citi has a neutral view on Infosys, InCred holds SBI Life, CLSA rates ICICI Bank as outperform, Morgan Stanley is overweight on Suzlon Energy, and Goldman Sachs recommends buying Marico. These ratings reflect current market trends and company performance.

Seven stocks, including Aditya Birla Fashion and Retail, Balrampur Chini, and Bandhan Bank, are under F&O trade ban as their open interest crossed 95% of market-wide position limits. The ban is lifted only if open interest falls below 80%. Nifty and Sensex closed higher, driven by banks and FMCG stocks.

After reviewing the portfolio, drill down into asset classes like equity, debt, and gold, and compare them with relevant benchmarks. Finally, analyze individual funds against both broad (e.g., Nifty 50) and specific fund-level benchmarks.

The Indian market is expected to consolidate on Tuesday, influenced by mixed global cues. Nifty futures closed with a gain of 0.35% at 24,993 levels on Monday. Experts have recommended various stocks for short-term trading, including Britannia Industries, Havells India, and Dabur India among others. Options data suggests a broader trading range between 24,500 to 25,400 zones.

Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 242654.25 Crore) operating in FMCG sector.

Yatra Online Ltd. key Products/Revenue Segments include Tour & Travel Operations and Other Operating Revenue for the year ending 31-Mar-2022.

Promoters of Indian companies are rushing to complete share buybacks before new tax rules take effect on October 1. The changes will shift the tax burden from companies to shareholders, making buybacks less attractive for high-net-worth individuals. Several companies have already completed or announced buyback offers in anticipation of the new rules.

Shares of Gopal Snacks rose 8.5% to Rs 354 while those of Prataap Snacks surged by 8% to 877. Meanwhile Bikaji Foods International shares went up by 7.7% to Rs 899 in an early intraday trade.

On September 9, four stocks from the Nifty50 pack appeared in the RSI Trending Up scan. It is an uptrend signal if the RSI value has crossed above 50 from below.