Latest Stock Market News

Futures & Options (F&O) contracts for a stock enter a trading ban when the open interest (OI) exceeds 95% of the market-wide position limit (MWPL). The ban is only lifted when the open interest drops below 80%. Traders dealing in indices are not affected by these security bans.

Multibagger stock Aayush Wellness has set August 5 as the record date for its 10:1 stock split. Today is the last day to buy shares to qualify for the split, which will convert each share with a face value of Rs 10 into 10 shares with a face value of Re 1. The record date was confirmed in July, and investors purchasing shares on or after this date will not be eligible for the split benefits.

Birlasoft Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2024.

The Nifty and Sensex opened sharply lower on Friday, affected by declines in banking, auto, IT, and energy stocks. The sell-off mirrored a major drop in U.S. markets due to weak manufacturing data. Asian markets also fell, while rising oil prices added to market worries.

ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 620053.69 Crore) operating in Tobacco sector.

Jefferies has maintained a buy rating on ITC with a target price of Rs 585. The 3% growth in cigarette business volume met expectations, and stable taxation suggests continued momentum in the coming quarters. However, other segments fell short in terms of revenues and margins.