Given the way global markets have panned out and how the geopolitical developments are shaping up, one cannot rule out the probability that for some more trading sessions the market might stay in a volatile mode. Now there are two things one can do in this volatile market, either worry and make assumptions and go by the narrative of correction that is bound to pour if the corrections get stronger. Second thing which can be done is ignore these short term noises which have come in the past and will come in future also. Just focus on the underlying business, any positive change if that is happening in the sector and check the quality of the management by doing some simple things and holding the stock for some time rather than reacting to all the things happening across the globe. These noises are temporary, it is business and management which is permanent and matters to the street.

Amid signs of a cooling labor market, Wall Street banks have heightened their expectations for aggressive Federal Reserve interest rate cuts. Economists from major banks such as Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase revised their forecasts, predicting more substantial rate reductions starting September 2023 and continuing through mid-2025.

U.S. stocks dropped notably for the second day as a soft jobs report heightened recession worries. Nonfarm payrolls rose by just 114,000, missing expectations. The unemployment rate increased to 4.3%, near a three-year high. Major indices, including the Nasdaq, saw substantial declines, with market sentiment turning bearish.

While Nomura India Investment Fund Mother Fund was on buyer's side, the sellers were promoters Seema Todi, Banwari Lal Todi and Anand Todi who sold 26 lakh shares, 40 lakh shares and 19 lakh shares respectively.

Amid signs of a cooling labor market, Wall Street banks have heightened their expectations for aggressive Federal Reserve interest rate cuts. Economists from major banks such as Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase revised their forecasts, predicting more substantial rate reductions starting September 2023 and continuing through mid-2025.

Sebi member Ananth Narayan compared index options trading near expiry to a slot machine, noting its appeal due to low premiums. He pointed out a twelvefold increase in annual turnover for index options from FY20 to FY24. Over 92 lakh individuals collectively lost Rs 51,869 crores in index derivatives during FY24.

While Nomura India Investment Fund Mother Fund was on buyer's side, the sellers were promoters Seema Todi, Banwari Lal Todi and Anand Todi who sold 26 lakh shares, 40 lakh shares and 19 lakh shares respectively.

The S&P 500 reached its lowest point since July 11th, and the Dow Jones Industrial Average faced its most significant two-day decline since March 2023. July's job growth fell considerably short of expectations, with 114,000 new nonfarm payrolls compared to the 175,000 predicted. The unemployment rate also edged up to 4.3%. This weaker-than-expected labour market data has shifted trader sentiment, with many now anticipating a more substantial half-percentage-point interest rate cut by the Federal Reserve in September, as opposed to the previously anticipated quarter-percentage-point reduction.

Meanwhile, four promoters -- Navin Lodha, Sanjay Lodha, Niraj Lodha and Vivek Lodha -- offloaded the same amount of shares at the same price on the National Stock Exchange (NSE).

On Friday, India's benchmark index, the Sensex, plunged 886 points, marking its sixth major drop of 2024, and closed at 80,982. Despite the market turmoil, five stocks in the BSE FMCG index reached their highest prices in the past year. Achieving a 52-week high is significant as it reflects the peak value a stock has attained over the last year, serving as a crucial indicator for traders and investors. This measure aids in evaluating a stock's current value and forecasting potential future price trends.

Intel was set to erase about $35 billion in stock market value on Friday in potentially its worst selloff ever after it suspended dividend and slashed workforce to fund a costly turnaround for its chip-making business.

Berkshire Hathaway sold $779 million worth of Bank of America shares between July 30 and Aug. 1, marking the 12th consecutive day of selling the stock since July 17. In total, Berkshire has sold 90.4 million Bank of America shares during this period.

U.S. central bankers may be having second thoughts about their decision earlier this week to hold borrowing costs steady, after a government report on Friday showed the job market slowed sharply last month.

Short covering refers to the buying of shares to close an existing short position, signaling a shift from extreme bearishness to bullishness. In Friday's trading session, five stocks saw short covering. Here's the list:

Shares of Snap slumped 22% on Friday, after a dour forecast from the Snapchat parent reinforced Wall Street's worries that the company would continue to cede business to bigger rivals amid intense competition in the advertising space.

UltraTech Cement’s open offer for shareholders of India Cements is likely to open on September 19, and close on October 3. The mandatory open offer by UltraTech follows the company acquiring more than 55% stake in the Chennai-based cement-maker in the last two months.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Friday's trading session, five stocks witnessed a long unwinding. Here's the list:

Shares of Amazon.com fell nearly 10% on Friday after the company reported slowing online sales growth in the second quarter and said consumers were seeking out cheaper options for purchases.

he Dow Jones Industrial Average fell 272.6 points, or 0.68%, at the open to 40,075.33.

Capital markets regulator Sebi will early next week come out with a consultation paper on making it easier to become a registered investment advisor, a senior official said on Friday. The move has come amid Sebi efforts to contain the activities of unregulated 'fin-influencers'.

The Nasdaq Composite index fell 2.2% on Friday, putting it on track to confirm it is in a correction following concerns about pricey Big Tech valuations and a cooling economy.

Nifty on Friday ended 293 points lower to form a reasonable negative candle on the daily chart, indicating a short-term top reversal pattern for the index at the new high of 25,078 level.

Raising the red flag over the heightened retail frenzy in the zero-sum game of options trading, markets regulator Sebi’s whole-time member Ananth Narayan on Friday pointed out how some traders are treating expiry day trading as playing in a casino for a jackpot.

Indian benchmark indices fell on Friday, dragged by metals and IT stocks, following a sell-off in global markets after weaker-than-expected U.S. data raised concerns of an economic slowdown. Despite the downturn, seven large and midcap stocks from the Nifty200 index reached new 52-week highs during the trading session. Here's the list:

Google-parent Alphabet cut its stake in cybersecurity company CrowdStrike, according to a regulatory filing on Friday, much before a global outage last month triggered by a software update.

Dhanuka Agritech revealed a Rs 100 crore share buyback at Rs 2,000 per share, prompting a 5% rise in share price to Rs 1,828.30. The buyback covers 1.10% of equity shares, with an August 16 record date. Additionally, the company reported a 49% YoY increase in PAT for Q1FY25.

Taking cues from a sell-off on Wall Street due to concerns over US growth and a decline in Asian markets, the Nifty and Sensex closed over 1% lower on Friday, dragged down by auto, energy, and IT stocks.

Navneet Education's board approved a Rs 100 crore buyback plan, with August 13 set as the record date. The company will repurchase 50 lakh shares at Rs 200 each, constituting 2.21% of total shares. Promoters hold 63.31% of the company's shares, and public shareholders hold 36.69%.

Infibeam Avenues Share Price: I am delighted to pass on this iconic brand and its legacy into the capable hands of Mr Vishal Mehta, Infibeam Avenues. I strongly believe that the new avatar of Rediff under his leadership will further strengthen the company and accelerate business growth, said Ajit Balakrishnan, Chairman & CEO of Rediff.com.

ixigo’s revenue from operations for the first quarter was reported at Rs 182 crore. This turns out to be an increase of 16% on a year-on-year basis from Rs 156.6 posted crore in the corresponding quarter of the previous year. The EBITDA increased 62% to Rs 19.2 crore for the quarter under review

Goldman Sachs expects the Reserve Bank of India to maintain interest rates and its withdrawal of accommodation stance at the August 8 meeting due to ongoing food inflation concerns. Despite a decline in core inflation, broad-based food inflation has kept headline inflation around 5% YoY in H1 CY24.

The Government of Singapore (GoS) is a major foreign institutional investor in Indian stocks. According to their latest shareholding report for the June quarter, they hold stakes in 60 BSE-listed companies, with a total value of approximately Rs 2.40 lakh crore as of August 1, 2024. The report includes companies where GoS holds more than a 1% stake, though this may not encompass all their investments. ETMarkets analysis shows that their portfolio of 11 stocks has seen significant growth, with share price returns ranging from 50% to 120% in CY24 to date. (Data Source: ACE Equity)

The company's board in a meeting approved the issuance of 98,32,123 fully convertible warrants at Rs 417 per warrant, in one or more tranches, aggregating to Rs 410 crore, it said.

Navneet Education's board approved a Rs 100 crore buyback plan, with August 13 set as the record date. The company will repurchase 50 lakh shares at Rs 200 each, constituting 2.21% of total shares. Promoters hold 63.31% of the company's shares, and public shareholders hold 36.69%.

There is a high probability that on being asked about a branded jewellery company, the first name which would come to mind is Titan. Rightly so, because it is the leader of the sector and one of the oldest companies of the sector. But over the years, many jewellery players have got listed on the street. Some of them are region specific chains, operating in one part of the country. There are some which are sort of becoming national chains as they expand their footprint and increase their balance sheet size. As the nature of the business is such, the potential to manipulate the balance sheet is probably highest in this sector. Because the street had some bad experiences with companies from this sector it only had in Titan. The question is, is it time to look at others? Some which have gone through some checks and balances including some diligence by private equity funds and also scrutiny of the street for some years.

TSS Consultancy launched Disclosure 360, aimed at simplifying insider trading disclosures and handling Unpublished Price Sensitive Information.

Shares in chipmaker Intel slumped 20% premarket after the company suspended its dividend and said it would cut 15% of its workforce as it grapples with a pullback in spending on traditional data center semiconductors and a focus on AI chips.

The buyback represents approximately 9.88% of TTK Prestige’s fully paid-up equity share capital. This will be the company’s first buyback, according to Trendlyne data. However, TTK Prestige is known for frequently rewarding its shareholders with dividends, as noted in the same data.

India's SEBI, under Chairperson Madhabi Puri Buch, plans to expedite corporate fundraising by merging rights issues with preferential allotments. This change aims to reduce fundraising time. SEBI also focuses on simplifying public offer documents and refining key performance indicators to facilitate easier listings for startups, amid increasing scrutiny of public issue documents.

The National Stock Exchange of India warned investors against Amit Lilhare, affiliated with a registered stock broker, who promised guaranteed stock market returns and collected commissions. The exchange is taking disciplinary measures. Previously, SEBI cautioned investors about unregistered entities offering assured and high returns on investments.

SEBI, under Madhabi Puri Buch, is using AI to streamline IPO applications, aiming for faster approvals through template-based forms. Buch reassured industry leaders that SEBI focuses on compliance, not minor details like application language. Recently, SEBI returned IPO filings from several companies, emphasizing India’s global leadership in IPO numbers.

The Topix sank 6.1% Friday, completing a two-day drop of 9.2% in the wake of Bank of Japan’s earlier-than-expected rate hike Wednesday and Governor Kazuo Ueda’s hawkish messaging. The Topix joined the Nikkei 225 Stock Average in entering a technical correction.

Markets saw minor gains with the Nifty 50 starting strong then declining throughout the day. Mid-cap pharma and iron and steel stocks, such as ALKEM and Lloyds Metals and Energy Ltd, showed promising technical indicators suggesting potential price increases. Both stocks were recommended for buying opportunities based on recent technical patterns.

In recent analysis, ETMarkets examined stocks where major institutional investors, such as mutual funds (MFs) and foreign institutional investors (FIIs), have been decreasing their holdings. Among BSE-listed stocks with a market capitalization over Rs 1,000 crore, about seven stocks experienced a reduction in MFs and FIIs ownership in each of the last three quarters (December 2023 to June 2024). In terms of price performance, three of these seven stocks have given double digit price returns over the past year. (Data Source: ACE Equity).

ITC reported a minor increase in first-quarter net profit to Rs 4,917.45 crore, falling short of street estimates. Revenue in its FMCG and hotel segments rose, while cigarette business volumes grew steadily. Analysts maintain a positive outlook, setting target prices between Rs 530 and Rs 585.

Adani Wilmar's shares rose 6.4% after Adani Enterprises announced the demerger of its food FMCG business. The company posted a consolidated net profit of Rs 313.2 crore for Q1 2024, contrasting a loss the previous year. Revenue increased by 9.6% year-on-year, with notable growth in the Edible Oils and Food & FMCG segments.

Zomato Share Price Updates: 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.

SA Tech Software's shares listed on the NSE SME platform at Rs 112.1, a 90% premium over the issue price of Rs 59. The IPO was highly subscribed, with over 600 times demand. Proceeds will address debt repayment, working capital, and corporate needs. The company provides IT outsourcing solutions, leveraging global development centers.

Mining major Vedanta, Indian Oil Corporation (IOC) and eight smallcap stocks are among 50 stocks that have reported highest dividend yield in FY24 according to a report by SBI Securities. The brokerage has computed dividend yields based on the closing price of July 31, 2024. Companies that have consistently paid dividends in the last 3 years i.e FY23/CY22, FY22/CY21 and FY21/CY20 have been considered by the brokerage. Here are the top 10 ones:

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.