Latest Stock Market News

Vedanta has set August 3 as the record date for the dividend. Since August 3 falls on a Saturday, a market holiday, the ex-dividend date is August 2. Therefore, today is the last day to purchase the shares to be eligible for the dividend payment.

The Nifty index stabilized within a 24,800 to 25,000 range over the last three days, forming a symmetrical triangle pattern. It concluded July with a 3% increase, driven by the Union Budget and FII buying. Analysts expect this momentum to persist, predicting targets above 25,000 and immediate support at 24,900.

From the Sensex pack, Maruti Suzuki, JSW Steel, Tata Motors, Power Grid, and Adani Ports were the top gainers, rising 1-3.5%, while M&M, Infosys, UltraTech Cement, and Sun Pharma opened in the red.

On Thursday, the Indian market was projected to rise due to global market trends. The US and Asian markets performed well. Analysts provided specific support and resistance levels for Nifty and Bank Nifty, alongside stock recommendations. Traders were advised to maintain long positions and take new ones on dips.

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