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The month ended as well; Nifty posted a monthly gain of 284.75 points (+1.14%) The markets are in a strong uptrend; however, once again it has created a situation wherein they have sharply deviated from their mean

Ircon International, Deepak Fertilisers, and Sapphire Foods are among the companies set to be in focus next week as they reach record dates for dividends, bonus issues, rights issues, and stock splits. Record dates determine eligible shareholders for these offers, ensuring shares are in demat accounts by the stipulated time.

Nifty gained 1.6% weakly, but saw notable block deals totaling Rs 43,068 crore across large, mid, and smallcap stocks. Significant transactions included HDFC Bank at Rs 19,131 crore, Interglobe Aviation at Rs 12,033 crore, and others between Rs 240 crore and Rs 121 crore.

Due to new criteria, 18 stocks, including Abbott India and Metropolis Health, may be removed from the F&O segment, while 79 stocks are potential entrants. Final decisions rest with SEBI, with a review expected in December 2024.

Canadian value investor Peter Cundill stressed that patience, rooted in thorough research, is key to successful value investing. He differentiated it from stubbornness, which involves clinging to investments despite negative analysis.

The Indian IPO market is thriving, with Gala Precision Engineering and Jeyyam Global Foods set to launch their public offers next week. Additionally, 11 companies, including Premier Energies and Ecos Mobility, will list. Analysts expect continued vibrancy in the primary market.

Kotak Mutual Fund has introduced the Kotak Crisil-IBX AAA Financial Services Index – SEP 2027 Fund, an open-ended debt index fund targeting the CRISIL-IBX AAA Financial Services Index – Sep 2027. It has high interest rate risk, low credit risk, and will largely replicate the index.

Two out of three loans in this sector are financed by Bajaj Finance. So, I believe Bajaj Finance is in a very favorable position, and I wouldn’t be surprised if the stock doubles in two years. The only thing we need to monitor is whether the company can guide credit costs and confirm that the worst is behind them.

Prabhudas Lilladher has revised its high-conviction stock picks, dropping HDFC Bank, ITC, Maruti Suzuki, Eris Lifesciences, and TCI Express due to recent rallies and slower growth.

A broadening rally in U.S. stocks offers an encouraging sign to investors, who are focusing beyond technology shares as markets await key jobs data and potential rate cuts from the Federal Reserve. The increased market breadth, reflecting investor interest in value stocks and small caps, signals optimism for earnings growth and profitability.