Latest Stock Market News

ITC shareholders as of the record date of May 30 will get a final dividend of Rs 6.75 per share and a special dividend of Rs 9.75 per share. The total comes to Rs 9.50 per share

SBI MF’s prominent additions were JSW Steel, LTIMindtree, and United Breweries in July

"For North, the destinations can be Shimla, Jaipur, Agra, Mathura, Mussoorie, Nainital, Haridwar, Rishikesh and similarly from South it can be Ooty, Kodaikanal, Mysore, Kerala. But what we are also witnessing this time is a very high demand for tier II or tier III or probably virgin destinations in each region and which is a pleasant welcome trend."

From the Sensex pack, Reliance Industries, Infosys, HUL, ICICI Bank, L&T, and Asian Paints closed higher, whereas JSW Steel, SBI, Tata Steel, and Bajaj Finserv ended with cuts

The stock market witnessed several noteworthy stocks crossing their 50-day Simple Moving Averages (SMA), indicating strong market momentum and potential bullish trends.

The unit had fallen to 83.0725 intraday, the lowest since Oct. 20, 2022, but trimmed losses on dollar sales by state-run banks, likely on behalf of the Reserve Bank of India (RBI), three traders told Reuters.

A total of 22,881 shares changed hands on the counter till 02:10PM (IST)

Many PSUs would have generated positive returns for shareholders over the past two years, their immense potential for value creation and value migration is yet to unfold going forward.

The price band for the IPO is at Rs 187-197, where investors can bid for a minimum of 76 shares and in multiples thereafter. About 75% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.

"The stocks which I am looking at right now are a little bit in the defensive space and some stocks are consumer facing stocks. So, the first pick would be Auro Pharma which could be bought at Rs 884. The second stock is Blue Dart, and the third one, from the banking and NBFC sector, is CSB Bank."