Latest Stock Market News

Info Edge declared a Rs 12/share dividend for eligible shareholders in May, to be credited by September 5. In the past year, total dividends amount to Rs 19, including Rs 9 in July and Rs 10 in November 2023.

A put option lets traders earn or buy stocks at a lower price. The writer agrees to buy the stock at the strike price if exercised. Put writing generates income from the premium received, while the buyer gains option rights. Key support at 24,070 must be monitored closely, as falling below this level could lead to increased volatility and a deeper price correction.

Swaps markets suggest a 41% chance of the Bank of Japan hiking rates by 15 basis points by the conclusion of its July 31 policy meeting, indicating plenty of caution. And only 30% of BOJ watchers surveyed by Bloomberg forecast a hike, even if more than 90% see it as a risk.

Citi has maintained a sell call on Ramco Cements, raising the target price to Rs 750 from Rs 735. Despite stable EBITDA per ton, Ramco has lost market share by not selling at significantly lower prices. The stock is expected to underperform until the company resolves the conflict between market share and pricing.

FIIs sold stakes in nine Adani stocks, capitalizing on a price rebound during the June quarter, while LIC increased its investments in Adani Energy and Adani Enterprises. Mutual funds and retail investors demonstrated varied preferences across Adani stocks. Adani Ports emerged as a top performer in 2023 after recovering Hindenburg-era losses, showcasing strong financial health and reduced debt levels.

​So, the market is repricing a bit on those expectations. Plus, I think there was a kind of dynamic at work where if we are going to have a more resilient US economy, perhaps depending a little bit on or maybe even substantially on what happens in the forthcoming presidential election, we might have somewhat more reflationary, inflationary, somewhat lower growth kinds of policies coming through.

The charts of Bank Nifty indicate that it may get support at 50,600, followed by 50,500 and 50,300. If the index advances further, 51,000 would be the initial key resistance, followed by 51,200 and 51,500, Mehata added. India Vix was positive yesterday up by 7.27% and is currently trading at 12.6175.