Latest Stock Market News

In April 2024, mutual funds (MFs) maintained a positive outlook on Indian equities, evident from their net investments totalling approximately Rs 32,823 crore.

Go Digit Insurance IPO consists of fresh equity issue of Rs 1,125 crore and an OFS of up to 5.47 crore shares. While promoter Go Digit Infoworks will offload stakes, Virat Kohli and Anushka Sharma will continue to be investors. Its price band has been fixed Rs 258-278 apiece.

Zydus Wellness shares surged 3.8% on BSE, reaching a new 52-week high at Rs 1,750.20 following a 4% YoY rise in Q4 FY24 profit after tax to Rs 150.3 crore. The board announced a dividend of Rs 5 per share, with the record date set for July 19.

Prabhudas Lilladher has downgraded the stock to ‘Accumulate’ from ‘BUY’ earlier with revised TP of Rs987 (earlier Rs980), valuing at 6x EV of Mar’26E EBITDA and await better entry point.

The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 6720.05.

The survey of global fund managers with $562 billion in asset under management found 82% expect the first by the rate cut by the Federal Reserve in the second half, while 78% say a recession is unlikely over the next 12 months.

These 12 stocks are likely to be a part of the MSCI Index

​In Tuesday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup.

HNIs offloaded shares in top companies like Suzlon, RVNL, and others, totaling Rs 7.61 lakh crore holdings in Indian firms during the March quarter.

Taking profits off the table and reducing exposure in markets is crucial to manage risk and secure gains. Monitoring key data points reveals underlying weakness, emphasizing the importance of balancing risk and reward in current market conditions.