Latest Stock Market News

"Timing the goal and not the market is the most important thing in investing. The system you follow for your money and investments, while keeping an eye on the goal, should be the focus. Most people ignore the power of compounding due to a lack of patience, with nothing happening in the first few years, while they also fear missing out on the market."

The stock market witnessed several noteworthy stocks crossing their 200-day Simple Moving Averages (SMA), indicating strong market momentum and potential bullish trends.

For more such web stories click on the ET icon below

Operating profit, calculated as earnings before interest, taxes, depreciation, and amortisation (EBITDA), rose 10% YoY to Rs 5,083 crore in the quarter. Operating margin expanded sharply by 541 basis points to 32.11%.

After the demerger is completed following approval from shareholders, creditors, stock exchanges, Sebi, NCLT and other regulatory authorities, ITC is likely to get the new stock listed on stock exchanges in another 15 months.

Sundaram Mutual CEO, Sunil Subramaniam emphasizes on financial planning for retirement and not relying on children for financial or medical support in the future, stating the socio-demographic shift from a joint to a nuclear family. He also recommends maintaining a long-term investment plan of 20-30 years in order to achieve financial freedom and drawing benefits of rupee cost averaging through SIPs.

"I always believe asset allocation gives you two things. One, it is the staying power in the market when markets are down because instead of being down 20%, you may be down 10% and you will be more comfortable. The second thing is sometimes life is uncertain and we have unforeseen needs for money. Now when equity is down that 30%, taking money out of equity really hurts your compounding journey.But if you have something else like debt which is not down 30%, you can take it out."

In the BSE Universe, an impressive count of around 18 stocks have achieved multibagger status over the past three years, spanning from one Independence Day to the next

"In financials, from top down, we are positive on NBFCs and also on the MFIs, in which space we like both the Home First Finance and the Spandana Sphoorty. We broadly feel that the NIM expansion trend is possible in this segment, coupled with the strong growth in the lending book. That is the broader macro which we are trying to play through these two names."

Analysts are of the opinion that the current market mood appears to be leaning towards a sell-on-rise pattern, mainly on account of nervousness in the global markets