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The Union Budget 2024 has reformed the tax structure for International Fund of Funds (FoFs) to a 12.5% long-term capital gains tax if sold post 24 months. With assets under International FoFs surging significantly, investors may consider global equities for diversification and reducing market-specific risks.

Tata Group stocks corrected up to 37% from their 52-week highs after strong rallies last year. Tata Investment Corporation led the decline, followed by Automotive Stampings, Tata Technologies, and Trent Limited. Experts noted these stocks could regain previous highs due to solid fundamentals and market stabilization.

A total of 5,864 shares changed hands on the counter till 11:00AM (IST).

JPMorgan has maintained an "Overweight" rating on Tata Motors with a target price of Rs 1,250. Although JLR experienced a 1% year-over-year decline in July 2024 retail sales, China inventories are well-managed, and US inventories and incentives remain stable.

In the options market, the highest Call Open Interest (OI) is at the 26,000 and 25,500 strikes, while the highest Put OI is at the 25,000 and 24,000 strikes. Call writing is notable at the 26,100 and 25,500 strikes, whereas Put writing is observed at the 25,000 and 24,900 strikes.

Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 194605.77 Crore) operating in Metals - Ferrous sector.

14 companies with market capitalization exceeding Rs 2,500 crore demonstrated exceptional performance in Q1 2024, doubling their sales and profits. Top performers included Spright Agro and Diamond Power Infrastructure. The broader market saw mixed results with sectors like BFSI and automobile doing well, but oil marketing companies underperforming.

On August 26, the closing prices of four stocks from the Nifty500 pack dropped by more than 2% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.