Latest Stock Market News

The closing prices of four stocks in Nifty500 pack dropped by more than 2% relative to the VWAP (Volume Weighted Average Price), and a shift below the VWAP suggests a potential bearish trend

3 large-cap stocks appeared in the RSI Trending Up scan, according to StockEdge.com data.

On Friday, Nifty and Sensex surged following U.S. economic data that eased recession fears. The BSE Sensex increased by 824 points and Nifty50 by 244 points. Cooling U.S. inflation and positive retail sales data boosted investor confidence, driving gains across sectors including technology and automotive.

Morgan Stanley has maintained an overweight rating on Zomato with a target price of Rs 278. Recent news indicates growing competitive intensity in the quick commerce sector, which underscores the increasing significance of the QC channel. While Morgan Stanley acknowledges that this heightened competition could impact profitability, they view maintaining market leadership as crucial, even if it requires delaying profitability.

FIIs have sold Indian stocks worth Rs 30,000 crore since the Budget due to high valuations and global economic concerns. Despite the sell-off, Indian markets remained resilient due to strong domestic investor support. Analysts expect FII behavior to improve by November as key global economic conditions stabilize.

Reliance Industries and three other companies identified August 19 as the key date for determining eligibility for dividend payments. The dividends include Rs 10 per Reliance share, payable within a week after their AGM. Investors need to purchase shares before this date to qualify for any declared dividends by these corporations.

Sahil Kapoor from DSP Mutual Fund advised retail investors to prioritize a balanced investment approach combining equities and debt. He suggested a multi-asset allocation strategy, warned against high-risk investments like microcaps, and stressed the need for aligning investments with financial objectives. Kapoor highlighted the importance of focusing on quality and large-cap stocks.

Equity markets edged up marginally on Wednesday, with analysts predicting continued consolidation influenced by global cues. Gift Nifty indicated a positive opening, while many stocks faced F&O restrictions. FIIs sold shares, whereas DIIs bought. Oil prices fell slightly on positive U.S. economic data, and the rupee appreciated marginally against the dollar.

Analysts tracked about 400 stocks and identified 54 that could potentially deliver returns of between 20% and 50% over the next 12 months. This includes stocks like DCB Bank and Lemon Tree Hotels, which analysts believe are poised for significant growth despite their earlier mixed performances and the recent market corrections.