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HCL Tech declared a fourth interim dividend of ₹18 per share, including a ₹6 special dividend marking 25 years of public listing. Q3FY25 net profit rose 5.5% YoY to ₹4,591 crore, with revenue growth at 5%.

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Seven smallcap and multicap PMS funds delivered over 5% returns in December 2024, led by Equitree Capital’s Emerging Opportunities fund with 7.2%. However, several star-managed schemes, including Marcellus and Abakkus funds, posted losses.

Sectorally, selling was seen in consumer durables, power, utilities, and real estate stocks.

Indian government bond yields marched higher on Monday, with the benchmark yield logging its biggest single-session rise in over seven months, as U.S. Treasury yields continued to rally after robust economic data, while a tumbling rupee also weighed on sentiment.

Gold prices rallied for a fifth straight session, rising Rs 110 to Rs 80,660 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. The precious metal had settled at Rs 80,550 per 10 grams in the previous session on Friday.

Strong support at 23,000-23,200, a level that has historically held.

Elara Capital initiates coverage on Vishal Mega Mart with a "buy" rating and a Rs 140 target price, citing strong growth potential, efficient operations, and expansion plans. Risks include slower growth and supply chain challenges.Caption: Poised for 19.2% revenue CAGR and loyal customer growth, Vishal Mega Mart targets 846 stores by FY27, backed by efficient operations and mass-market appeal.

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