Latest Stock Market News

Asset allocation is about building a winning blend of key asset classes (best players of a winning team). Asset classes (much like bowlers, batsmen, and wicketkeepers) are categories of securities sharing common traits in terms of risk, liquidity, return potential, and tenures.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.

The upside in Nifty was led by Apollo Hospitals, HDFC Bank, Infosys and ICICI Bank while LTIMindtree, Titan and HDFC Life lost 1-3% each.

If the single biggest reason for the summer rally of 2023 is FII flow, then probably the single biggest trigger for the flood of FII money is the U-turn in FII strategy from ‘Sell India, Buy China’ during January and February this year to ‘Buy India, Sell China’ during the last three months.

​In my viewpoint, since they are heavyweights on the index and they represent the indices, of course, so in such situation when they start going up because of the higher amount of money coming into the system as well I would think that indices would naturally go up.

Structural growth is back into focus alongside a cyclical kicker. Concerns of past two years over now; capital allocation to return accretive. In terms of valuation, it is the best choice to play the consumer electricals business. Sustained revenue share gains, a higher share of premium products, and a turnaround at Lloyd to aid margins.

The IT services company reported a consolidated net profit of Rs 1,151 crore for the quarter ended June, which was higher by 4%, compared with Rs 1,106 crore in the same quarter last year. Revenue from operations during the first quarter rose 14% year-on-year (YoY) to Rs 8,702 crore. Both profit and revenue were slightly below the estimates. ET Now poll saw the profit figure around Rs 1,194 crore, while revenue was seen at Rs 8,770 crore.

Singh said that the markets have continued to trade on the theme of the Fed hike in July to be the last rate hike in this tightening cycle. "Participants will construe any weak data to be cementing a possibility of rate cuts early next year.

Sun Pharmaceutical Industries, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 257424.65 Crore) operating in Pharmaceuticals sector.

The stock quoted a 52-week high price of Rs 3940.0 and a 52-week low of Rs 2575.0.