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Angel Onethe Nifty 50 clocked a new high to reach a milestone of 23000, but immediate follow-up is missing, bias remains positive, and traders should have a buy-on-dip approach. Key indices may consolidate, whereas broader markets may continue to outperform. 23,100 - 23,200 stiff resistance of the rising channel means one should look to book longs ahead of the key election result verdict.The benchmark index has registered a new high at 22,993, indicating bullish sentiments.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 24The domestic benchmark indices, the Nifty 50 and the Sensex, set fresh closing highs on Thursday due to gains in banking stocks. The nation's budget deficit may be on the decline, as shown by the record dividend paid by the central bank to the government.The domestic equity indices reached a new peak on Thursday as the Nifty 50 closed over 22,900.Also Read: Stock market today: Trade setup for Nifty 50 to India VIX, five stocks to buy or sell on Friday — May 24The Nifty 50 closed 369.85 points, or 1.64%, higher at 75,418.04, while the Sensex surged 1,196.98 points, or 1.61%, to conclude at 22,967.65.Seasoned Executive Director at Choice Broking with a strong track record, Sumeet Bagadia has shared his professional advice on five breakout stocks that are now worth buying: Cochin Shipyard Ltd, Saregama India Ltd, Rail Vikas Nigam Ltd, Olectra Greentech Ltd, and Mazagon Dock Shipbuilders Ltd.1] Cochin Shipyard Ltd: Buy at ₹1,890.25, target ₹2,000, stop loss ₹1,825 ;2] Saregama India Ltd: Buy at ₹4,66.35, target ₹495 , stop loss ₹450;3] Rail Vikas Nigam Ltd (RVNL): Buy at ₹372.25, target ₹399, stop loss ₹360;4] Olectra Greentech Ltd: Buy at ₹1,808.70, target ₹2,010, stop loss ₹1,710; and5] Mazagon Dock Shipbuilders Ltd: Buy at ₹3,125.75, target ₹3,333, stop loss ₹3,020.Also Read: Dividend stocks: Vedanta, Tata Consumer Products, QGO Finance shares to trade ex-dividend on May 24The market is seeing a 1,000 point rebound from 21,800 levels as FIIs are positioning themselves in the long:short ratio, which is up from 26% longs, according to Soni Patnaik, Assistant Vice President, Equity Derivatives Research, JM Financial Services.

₹2.1 trillion, the surplus (note, not dividend, since RBI is not a commercial entity) is the highest-ever payout by the central bank, and more than double the previous year’s ₹86,416 crore. This is good news. Especially since the transfer has been done after beefing up RBI’s contingency risk buffer (CRB) to the upper end of the band (5.5-6.5% of its balance sheet) suggested by the 2019 Bimal Jalan committee.

stocks, as the central bank's record dividend to the government kindled hopes of a reduction in the country's fiscal deficit. Stocks that were in focus include names like ITC, which rose 0.068%, KPI Green, which jumped 0.82%, and Grasim, whose shares rose 0.010% on Thursday.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 24Meanwhile, volatility is increasing ahead of the election phases which could cause a bumpy ride in the market for the time being. Taparia believes India VIX needs to fall below 16-18 zones for stability and a smoother ride in the market.Option data suggests a broader trading range in between 22,500 to 23,500 zones while an immediate range between 22,700 to 23,200 levels.The Bank Nifty index witnessed strong buying interest on Thursday as it surged over 1,000 points from lower levels.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 24The headline index saw a record rise, according to Vinod Nair, Head of Research at Geojit Financial Services, with prominent industries like banking and autos outperforming. Bond rates should decrease as a result of the RBI's historic payout, which is comparable to an indirect rate drop.

Sensex jumped 1,196.98 points, or 1.61%, to close at 22,967.65, while the Nifty 50 settled 369.85 points, or 1.64%, higher at 75,418.04.“We expect this positive momentum to continue on the back of an improving political environment, continued short covering by FIIs, and strong domestic macros. Sectors like Defence, Banking, and Railways are expected to remain in focus," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded lower on Friday tracking overnight losses on Wall Street.

Sensex jumped 1,196.98 points, or 1.61%, to close at 22,967.65, while the Nifty 50 settled 369.85 points, or 1.64%, higher at 75,418.04.Nifty 50 formed a long bullish candlestick pattern on the daily charts, signaling strong buying interest.Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty to Nvidia share price rally“The 20-period moving average (MA) remains above the 50-period MA indicating that the positive MA crossover is intact. This augurs well for the near-term uptrend to continue.

Dividend stocks: Shares of Vedanta Limited, Tata Consumer Products Ltd, QGO Finance Ltd, Bharat Dynamics, and Som Distilleries & Breweries Ltd will be in focus when the stock market opens on May 24 (Friday).The boards of Directors of these companies have declared interim dividends, final dividends, and stock splits for their eligible shareholders. These companies have fixed May 24 as the record date to ascertain the eligibility of shareholders for their respective issues.ALSO READ: Multibagger: HBL Power Systems stock soared 1254% in 3 years, jumped over 5360% in a decadeVedanta: The company has declared an interim dividend of ₹11.00 per equity share.In a stock exchange filing, Vedanta said the Board of Directors declared “First Interim Dividend of ₹ 11/- per equity share on the face value of ₹ 1/- per equity share for the Financial Year 2024-25 amounting to c.

₹4.28 lakh crore as a result of the continuing upward trend in stocks, which saw the benchmark Sensex reach a lifetime high.Also Read: Stock market today: Sensex, Nifty 50 hit record highs; why did Indian stock market rise?- explained with 5 key factorsDuring the day, the NSE Nifty edged closer to the milestone 23,000 level. At 22,967.65, the 50-issue index rose by 369.85 points, or 1.64%.

₹2.32, showing a significant increase of 159.94% Y-o-Y.Greenply Industries has shown positive returns of 6.91% in the last week, 24.4% in the last 6 months, and 7.95% YTD.With a market cap of ₹3184.62 Cr and 52wk high/low of ₹284.65 & ₹148.85 respectively, Greenply Industries continues to maintain a strong position in the market.Out of 9 analysts covering the company, the consensus recommendation as of 24 May, 2024 is to Strong Buy with 5 analysts giving Strong Buy rating, 2 analysts giving Buy rating, 1 analyst giving Hold rating, and 1 analyst giving Sell rating.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹28.37CrQuestion : What is Q4 revenue?Ans : ₹599.79CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

Sequentially, the firm’s net profit registered a sharper increase, rising 45% from Rs 32.41 crore in the October-December quarter.

Retailers in the UK on Wednesday warned the public not to bulk-buy items after the government advised people to have three days’ worth of tinned food and water in case of an emergency. “While it is sensible to have some additional food at home, most households will find they already have sufficient non-perishables sitting in the cupboard,” said Andrew Opie from the British Retail Consortium, which represents supermarkets and other retailers, FT reported. The government has launched a ‘Prepare’ website. «Consider what supplies you and your household might need during an emergency lasting a few days, such as a power cut or water outage, or situations where you are advised to stay at home or to leave your home for safety reasons,» the website says.

Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) declared their January-March quarter results for fiscal 2023-24 (Q4FY24) this month and have received bullish-to-neutral rating from domestic brokerage firms. Earlier this year, the CGDs announced a reduction in their respective compressed natural gas (CNG) prices across all locations.MGL, the city gas operator in Mumbai and its adjoining areas, announced a ₹2.5 per kg reduction in the CNG price on March 6.

—Name withheld on request.Insurance can be bought only if you have an insurable interest. This means that you should suffer a loss should the property be damaged. As a tenant, you have an insurable interest in the contents of the house but not on the structure.

Nifty Bank snapped a 2-day losing streak to close in the green with gains of nearly 1,000 points on Thursday. The Nifty Bank rose 986 points to close at 48,768, while Nifty50 hit a fresh record high of 22,993.

Nykaa’s operator FSN E-Commerce Ventures ended Thursday's trade 3% higher on BSE at Rs 174 after hitting the day’s high of Rs 187. The company reported a fourfold Q4 net profit of Rs 9 crore. The company also posted a 28% year-on-year (YoY) increase in operating revenue for the March quarter to Rs 1,667 crore led by a 24% increase in the core business, beauty and personal care (BPC), to Rs 1,388 crore during the quarter.

board of the FMCG major ITC declared a final dividend of Rs 7.5 per share along with a Q4 profit of Rs 5,120 crore, which missed estimates. The record date for determining the eligible shareholders has been fixed at June 4, while the dividend will be paid between July 29-31.

₹268.61 crore through an anchor book process, where 32 investors took part in the anchor book offering, on Tuesday, May 21.Awfis Space Solutions Ltd offers a broad range of flexible workspace solutions for start-ups, small and medium-sized businesses, large organisations, and multinational corporations, from individual flexible desk needs to customised office spaces.Also Read: Awfis Space IPO oversubscribed on Day 2, with retail, NIIs support. Check GMP, subscription status, more.

ITC Ltd on Thursday reported a 1% fall in its consolidated net profit at Rs 5,120 crore in the March quarter. The same stood at Rs 5,175 crore in the last year quarter. The profit figure was marginally below the Street estimate of Rs 5,149 crore.

SBI Cards and Payment Services Ltd. rose 0.6 per cent to Rs 712.25 in Thursday's trade as of 12:22PM (IST) even as the benchmark Nifty ruled at 22769.6, up 171.8 points. The scrip had closed at Rs 708.0 in the previous session. The stock quoted a 52-week low of Rs 678.8 and a high of Rs 932.35. The company quoted a market-cap of Rs 67447.44 crore on the BSE.