Latest Stock Market News

South Korean stocks fell on Monday ahead of key monetary policy updates from the U.S. Federal Reserve and Bank of Korea. The KOSPI index dropped 0.44%, led by losses in major chipmakers such as Samsung Electronics and SK Hynix. Foreign investors sold shares worth 174.7 billion won, while certain e-commerce and biopharmaceutical stocks showed gains.

Asian stocks paused after their best week in nine months, bolstered by hopes of a U.S. recession being avoided and cooling inflation signaling potential interest rate cuts. Gold surpassed $2,500 an ounce, and the dollar dipped. Fed officials hinted at easing policies, driving S&P 500 futures up 0.2% and Nasdaq futures 0.3%.

Markets bounced back on Friday, gaining almost 1.5% amid positive global cues. Attention will be on Hindustan Zinc, Samvardhana Motherson, Mphasis, Uno Minda, and Polyplex Corp due to key updates like resignations, acquisitions, and new appointments. DCX Systems received notable orders of Rs 107 crore from domestic and overseas clients.

Here are 10 high dividend yield stocks in the smallcap space that you can consider including in your portfolio.

Indian market rose on Friday tracking positive global cues. The S&P BSE Sensex rallied more than 1300 points while the Nifty50 closed above 24500 levels.

Rupak De from LKP Securities identified Balrampur Chini, Tata Motors, and ICICI Lombard as top stock picks. Each stock showed positive indicators, suggesting potential upward movement.

Indian equity indices rose on Friday, driven by IT stocks and positive U.S. economic data. The Nifty may consolidate between 24,300 and 24,550, with potential gains above 24,550.

ETFs in India observed a rise in assets under management, reaching Rs 8.11 trillion by July 2024. Enhanced digital accessibility and innovative ETF products from mutual fund houses appealed to individual investors. Regulatory measures and the introduction of new thematic ETFs have boosted investor confidence, facilitating portfolio diversification and reduced costs.

​Ten new mutual fund NFOs were scheduled to open for subscription next week. Categories included index funds, sectoral funds, dividend yield, large & mid cap, multi-asset allocation, multi cap, ultra-short duration, and an ETF. Prominent offerings came from Tata, Nippon India, Bandhan, Axis, Union, ITI, Baroda BNP Paribas, Groww, PGIM India, and Franklin India.​