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CDSL) surged 6% to a day's high of Rs 1,558.85 on the NSE after the stock began trading on a pre-bonus basis. The record date for the bonus issue was set for Saturday, August 24. Since Saturday is a market holiday, today serves as the ex-date for the bonus issue. Bonus shares will be issued to shareholders listed as of the record date. Under the T+1 framework, the record date and ex-date are usually the same unless a market holiday intervenes.

FSN E-Commerce Ventures, the parent company of the beauty brand Nykaa, have recently seen a sharp rally as the stock surged 20% in one month, of which 11% surge took place in just the last week. Investor enthusiasm was also fueled after the company reported a Rs 13.64 crore profit in the first quarter ended June 2024, displaying a 152% YoY jump. The revenue from operations for the reporting quarter stood at Rs 1,746.11 crore, which was also up by 23% from Rs 1,421.82 crore reported in the corresponding quarter of the previous financial year.

Intuit forecast fiscal 2025 revenue above Wall Street estimates on Thursday, banking on growing demand for its AI-driven financial management tools amid recent price increases. Intuit, known for products like TurboTax, Credit Karma, and QuickBooks, has benefited from growing demand for its AI-powered offerings, which provide personalized financial recommendations and automation of specific tasks such as bookkeeping. Shares of the Mountain View, California-based company initially gained more than 2% in extended trading, but later reversed course as investors digested a forecast for first-quarter revenue growth that came in below market expectations.

corporate bond funds in August 2024. These schemes invest at least 80% of their corpus in the papers of the highest-rated companies. This makes them relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy. You should pay attention to these two factors: safety and interest rates. Safety became a crucial factor for debt fund investors after a series of defaults and downgrades in the debt space almost three years ago. The shutting down of six schemes by Franklin Templeton Mutual Fund shook conservative investors in debt schemes. Though the environment is different now, you should still proceed cautiously.

Stocks that were in focus include names like Paytm, which fell 3.14%, Nucleus Software, which declined 6.04%, and Aarti Drugs, whose shares jumped 6% on Thursday.

Devang Mehta, Director-Equity Advisory, Spark Private Wealth, says a combination of sectors related to capex and consumption and certain sectors in credit growth will be a good investment portfolio if somebody has a one-and-a-half, two-year horizon. Mehta further says look into proxy plays like bearing companies for railways and defence stocks. What are you doing in the markets right now? Any fresh stocks that you have managed to recommend to your clients? Any fresh ideas? Devang Mehta: I will talk more about themes and sectors rather than ideas. I will give certain examples on the way. We feel that both sides of the market – be it consumption or capex – have come back with a bang. Post the elections, post the budget, and post this volatility that we saw a couple of weeks back during the yen carry trade, the market has gone from strength to strength. So, whichever sectors were not performing, be it FMCG companies, auto companies and even discretionary consumption companies like Titan, and Trent, have come up with a good set of numbers.

Breakout stocks to buy or sell: Following the positive global market cues on the US Fed rate cut buzz, the Indian stock market ended higher for the sixth straight session on Thursday. The Nifty 50 index added 41 points and closed at 24,811. The BSE Sensex finished 147 points higher at 81,053, whereas the Bank Nifty index went up 300 points and ended at 50,985.

Buy or sell stocks today: The Indian domestic stock market index Nifty closed higher for the sixth consecutive session on Thursday, August 22. The index was fueled by the positive cues from global markets, closing 0.17 per cent higher at 24,811.50 points, compared to 24,770.20 points at the previous market close. The Bombay Stock Exchange (BSE) Sensex closed 0.18 per cent higher at 81,053.19 points after Wednesday's session, compared to 80,905.30 points at the previous close.

health risks in the biggest crackdown since 2016 when 344 FDCs were prohibited. FDCs are medicines that combine two or more drugs into a single dosage. The union health and family welfare ministry on Thursday issued a gazette notification, prohibiting manufacture, sale and distribution of these medicines based on the recommendation of an expert panel that evaluated 324 FDCs. «The review of these FDCs started in 2019 and then Covid happened. The companies were heard and, thereafter, the committee gave its report at the end of 2021, recommending banning 156 FDCs,» a member of the panel said on condition of anonymity. «This is the largest FDC ban since 2016,» he added.

ACC Ltd. rose 1.25 per cent to Rs 2354.05 in Thursday's trade as of 12:59PM (IST) even as the benchmark Nifty ruled at 24826.95, up 56.75 points. The scrip had closed at Rs 2324.8 in the previous session. The stock quoted a 52-week low of Rs 1803.8 and a high of Rs 2843.0. The company quoted a market-cap of Rs 44295.26 crore on the BSE.

OBC list, stating that the additions were made following an elaborate three-tier process, which included two surveys and a hearing by the Commission for Backward Classes, but let out that it completed this exercise in less than 24 hours in the case of certain Muslim communities. On November 13, 2009, the Khotta Muslim community submitted an application, and the West Bengal Commission for Backward Classes recommended its inclusion in the OBC list on the same day. Likewise, the Muslim Jamadar community's application was filed on April 21, 2010, and it was recommended for inclusion on that very day. This rapid response is notable given the usual pace of government processes and the complexity of the task. The OBC Commission matched the astonishing alacrity and took just a day to recommend inclusion of Gayen (Muslim) and Bhatia Muslim communities in the list, four days for Muslim Chutor Mistri community, and less than a month for inclusion of a dozen other Muslim communities to the OBC list.

Indian Renewable Energy Development Agency (IREDA) jumped nearly 9% to Rs 259.3 in Thursday's trade on the BSE, as the company's board is expected to consider a proposal to raise Rs 4,500 crore in one or more tranches through a follow-on public offer (FPO) or other modes during its meeting on August 29. In its filing to the exchanges post-market hours on Wednesday, IREDA informed about its fundraising plan via FPO or other routes — qualified institutional placement (QIP), rights issue, or preferential issue. It could also be a combination of these, the filing said.

On the options front, the maximum Call open interest (OI) is at the 25,000 strike, followed by the 25,500 strike, while the maximum Put OI is at the 24,500 strike, followed by the 24,600 strike.

ABB India and Kfin Technologies, along with 33 other companies, are expected to be in focus today as they have set August 23 as the record date for determining shareholders eligible for dividend payments. This means today is the last day to purchase shares of these companies to qualify for the announced dividends.

CDSL), in its board meeting held in July, had announced a bonus issue of shares for its eligible shareholders in the ratio of 1:1, for which the record date was fixed as August 24. “With reference to the captioned subject and our earlier intimation dated July 02, 2024, and pursuant to the provisions of Regulation 42 of the SEBI Listing Regulations, we wish to inform that the Company has fixed the 'Record Date' as Saturday, August 24, 2024,” said the company in a filing to the exchanges.

Buy or sell stocks today: The Indian domestic stock market index Nifty closed higher for the fifth consecutive session on Wednesday, August 21. The index was fueled by the gains from the domestic FMCG and IT sector, closing 0.29 per cent higher at 24,770.20 points, compared to 24,698.85 points at the previous market close. The Bombay Stock Exchange (BSE) Sensex closed 0.13 per cent higher at 80,905.30 points after Wednesday's session, compared to 80,802.86 points at the previous close.

New Delhi: The Drugs Controller General of India (DCGI) is considering issuing and renewing licences only to those pharmaceutical firms that can prove they follow good manufacturing practices. The move—the first such—assumes significance given the growing size of the Indian pharmaceutical industry, currently at $65 billion, and the crisis of confidence faced by it. Good Manufacturing Practices, or GMP, prescribed in Schedule M of the Drugs and Cosmetics Rules, 1945, set the standards for pharma companies on the quality of raw materials, methods, machines, processes, personnel, facility and environment, among other things.

Most financial planners recommend that you delay claiming public pension benefits to maximize your monthly payments, but a new report says lowering the early eligibility age can help one group in particular: workers with lower incomes.

Chuck Failla, of Sovereign Financial Group, has built a reputation for his critical stance on the broker-dealer model. A staunch advocate of the Registered Investment Advisor (RIA) approach, he underscores the growing demand for fiduciary advice as a significant driver of the RIA sector’s expansion.

Sebi) has imposed a penalty of Rs 11 lakh on IIFL Securities after finding the company in violation of stock brokers' norms. Sebi conducted an inspection of IIFL Securities between August 18 and August 25, 2022 to look into various compliance requirements for the period beginning April 1, 2022 to July 31, 2022 and found certain alleged noncompliances of SEBI (Stock Broker) Regulations, 1992.