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Mining giant Vedanta and Indian Oil Corporation (IOC) were among ten companies reporting the highest dividend yields in FY24. TV Today Network led the list with a 26.9% yield, followed by Narmada Gelatines at 25.1%. Other companies mentioned include Polyplex Corporation, Chennai Petroleum Corporation, IL&FS Investment Managers, and Shri Dinesh Mills.

​A short buildup occurs when open interest and trading volumes increase while the price of the underlying stock decreases in the Futures and Options segment. This suggests that more traders anticipate a decline in prices and are establishing short positions.

A total of 3,370 shares changed hands on the counter till 11:52AM (IST).

Esprit Stones IPO, which was completely a fresh equity sale of 57.95 lakh shares, received a robust response from investors with an overall subscription of over 150 times at close.

Amazon shares plunged nearly 8% in early Frankfurt trading on Friday, following a report of slowing online sales growth in the second quarter and a shift in consumer behavior towards cheaper purchase options.

Shares of food delivery giant Zomato surged 10% to a day’s high of Rs 257.95 after reporting a multifold increase in PAT for the June quarter. The company posted a PAT of Rs 253 crore, up from just Rs 2 crore in the same period last year. Following this strong performance, brokerages such as CLSA raised their target price to Rs 350.

The biggest pick for investors will be multi-asset allocation funds, says Sandipan Roy. There are funds like ICICI Pru Multi Asset, WhiteOak Multi Asset, DSP Multi Asset, and a host of funds in that category and one can look at these based on their risk-reward analysis or their adviser’s advice. It is the most attractive category in asset allocation given the tax changes in Budget.

Retail traders suffered substantial losses of Rs 52,000 crore in the derivatives market in FY24, leading SEBI to propose a seven-step plan to mitigate risks. Experts worry these regulations could increase hedging costs and push traders to other markets. The industry seeks a balanced approach to regulation without stifling market freedom.

Akums Drugs & Pharma share allotment has been finalised. Shares will be out on August 6. The IPO was subscribed 63.5 times. Proceeds will address debt, working capital, and growth initiatives. Despite impressive revenue growth of 14% in FY24, the profit after tax saw a notable decline.

Gold and silver futures showed price volatility amid geopolitical tensions and mixed U.S. economic data. Gold futures posted slight gains, while silver futures saw more significant increases.