Latest Stock Market News

The BEACON Fund is designed to offer investors a well-rounded portfolio, providing exposure to companies across the entire market spectrum - from established large-cap leaders to dynamic mid-cap and small-cap growth opportunities. This diversified strategy aims to capitalize on the diverse potential of the market.

FPIs have turned to the primary market, investing $6.4 billion in Indian equities via IPOs and QIBs up to August 19, 2024, amid high secondary market valuations. They have been net buyers in the primary market for 11 consecutive months but net sellers in the secondary market during seven of the past twelve months.

Indian REITs Association (IRA) data showed that in the latest June quarter, these four REITs have together distributed more than Rs 1,371 crore to over 2,45,000 unit holders.

Mahindra & Mahindra launched the Thar Roxx, aiming to broaden its market with an aspirational yet affordable off-roader. Analysts forecast up to a 38% rise in the stock value, despite its significant rally over the past year. The five-door model, starting at Rs 13-14 lakh, is expected to double the Thar portfolio volumes.

The rate cut optimism led to IT stocks rallying, and four Nifty50 stocks reached new 52-week highs during the trading session

Amit Jeswani, CIO of Stallion Asset, discussed their strategy of staying fully invested, with a focus on high-growth, market-leading companies. Despite briefly holding cash last quarter, they prioritize finding new stock ideas. Jeswani highlighted fruitful investments in capital markets and the growing potential in sectors like power and cables. They continuously seek promising opportunities.

A total of 18,724 shares changed hands on the counter till 02:10PM (IST).

The NCDs have a fixed rate coupon of 7.81 per cent and have been issued based on multiple yield allotment method. The NCDs will be listed on the Debt Segment of National Stock Exchange of India Limited (NSE), the filing said.

Axis Securities is bullish on select BFSI stocks, predicting up to 27% gains. Top picks include ICICI Bank, Federal Bank, SBI, Cholamandalam, and Nippon Life India.

The Relative Strength Index of the stock stood at 51.12 on Tuesday.