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The BSE Sensex was trading 198 points, or 0.25%, higher at 61,104, while the Nifty50 was up 67 points, or 0.27%, at 24,837 around 9:18 am.

CDSL revealed a 1:1 bonus share issue for eligible shareholders, with the record date set for August 24, 2024. Because August 24 is a Saturday, August 23 was determined to be the ex-date, making it the deadline for buying shares to qualify for the bonus.

The 200-day DMA is a key indicator used by traders to assess the overall trend of a stock.

The Fund delivered 11.5% in July viz-a-viz benchmark (BSE TRI) of 4.4% thus generating an alpha of 7.0%. This is primarily due to bottom-up stock selection and sizing the high conviction stocks 9 stocks in the portfolio have generated returns ranging from 100-300 percent in the portfolio.

Brokerage firms have issued diverse stock recommendations: UBS endorsed Shyam Metalics as a buy, Jefferies upgraded IndiGo and Zomato to buy, CLSA maintained Vedanta at outperform, and Citi kept a sell rating on Paytm but increased its target price. The firms pointed to strong growth prospects and strategic moves influencing their ratings.

Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 246028.80 Crore) operating in FMCG sector.

Dividends are paid to shareholders who are listed in the company’s records on the record date. To qualify for the dividend, you must purchase shares at least one day before the ex-date, as transactions settle the following day. Shares bought on the ex-date itself will not be eligible for dividends.

Jewellery retailer Bluestone has completed a Rs 900-crore financing round, increasing its valuation to $970 million. The Accel-backed firm plans to file for an IPO this year after closing a pre-IPO round. Investors including Peak XV Partners, Prosus, and Steadview Capital participated in the primary-plus-secondary share sale. Kalaari Capital made a partial exit, earning about ₹300 crore. Founders Gaurav Singh Kushwaha and Ganesh Krishnan own nearly 14% of the company.

The Federal Reserve signaled a potential interest rate cut in September following a significant majority of officials supporting such a move at the July meeting. With increasing unemployment and easing inflation, financial markets anticipate a series of rate cuts. The decision may be finalized depending on incoming economic data and job market performance.