Latest Stock Market News

As we have mentioned, the market will likely adjust to the fundamentals soon, and style and sector rotation will play a meaningful role in generating alpha. We believe that the margin of safety in mid and small-cap stocks has reduced compared to six to seven months ago. Due to some global selloff, we saw some nervousness yesterday.

Aggarwal, 38, will add $1.2 billion to his wealth if his SoftBank Group Corp.-backed Ola Electric lists Friday in Mumbai at the lowest end of the price band at 72 rupees ($0.86) a share, giving the entrepreneur a net worth of $2.3 billion, according to the Bloomberg Billionaires Index. Ola Electric did not immediately respond to requests for comment on Aggarwal’s net worth.

HG Infra Engineering Ltd. key Products/Revenue Segments include Contract Revenue, Sale of services and Scrap for the year ending 31-Mar-2024.

Dividends are paid to shareholders listed on the company’s records as of the record date. To qualify, shareholders must buy the stock at least one day before the ex-date, as transactions settle the next day. Those purchasing on the ex-date are not eligible.

In options, the highest Call Open Interest (OI) is at the 25,000 strike, followed by the 24,500 strike. The highest Put OI is at the 23,000 strike, followed by the 24,000 strike. Call writing is seen at the 25,500 and 24,300 strikes, while Put writing is noted at the 23,000 and 24,200 strikes.

A Short Strangle consists of selling one call option with a higher strike price and one put option with a lower strike price. Both options are based on the same underlying stock and have the same expiration date, but they have different strike prices.

Sensex surged over 1,000 points, and Nifty exceeded 24,350, fueled by positive U.S. labor data and Chinese inflation figures. Gains were observed across all sectors, led by Tech Mahindra and Tata Motors. Declining oil prices also contributed to improved market sentiment by potentially reducing global inflationary concerns.

Automotive Axles Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 2864.47 Crore) operating in Auto Ancillaries sector.

Eleven stocks, such as Aditya Birla Capital and Punjab National Bank, were banned from F&O trading on Friday for surpassing market-wide position limits. Granules India and Chambal Fertilizers exited the ban. Stock restrictions are lifted once the open interest falls below 80%. Indian equity indices Nifty and Sensex closed lower due to market volatility.

On Thursday, benchmark indices dropped nearly 1% after the Reserve Bank decided to keep the policy rate steady. Analyst Kushal Gandhi advised existing investors to hold Symphony, which surged 10.35%. However, he suggested caution for Apollo Tyres and Shree Cement, which experienced declines of 1.48% and 3.66%, respectively.