Wall Street's main indexes opened higher on Thursday following AI chip firm Nvidia's largely-in line forecast and as data showed the U.S. economy remained robust adding to expectations of a September interest rate cut.

Sebi on Thursday came out with proposals connected with the process adopted by the markets regulator for the appointment of public interest directors (PIDs) on stock exchanges, clearing corporations and depositories, in a move aimed at improving shareholders' participation in the process.

Life Insurance Corporation of India (LIC) has paid the Indian government a dividend of Rs 3,662.17 crore, its largest shareholder. This payment follows a final dividend declaration of Rs 6 per share for FY 2023-24, totaling Rs 6,103.62 crore for the year.

On Thursday, India's benchmark index, the Sensex, surged by about 349 points, ending at 82,135. During this rise, 7 stocks in the BSE FMCG index hit their highest prices in the past year. Reaching a 52-week high is notable because it shows the highest value a stock has achieved in the last 12 months, providing valuable information for traders and investors. This milestone is essential for assessing a stock's current worth and predicting future price movements.

Nifty rose by about 100 points on Thursday's expiry session, hitting a record high and finding strong support at 25,000. The "Saucer" formation suggests further gains if this support holds, with the highest Open Interest at 25,300 and 25,500 call strikes, and 25,000 put strikes.

Sebi chief Madhabi Puri Buch described compliance as a background hum, aiming for it to be seamless so entities can focus on national growth and citizen services. In her Global Fintech Fest 2024 keynote, she emphasized the need for regulatory standards to foster innovation and reduce integration costs in fintech.

Domestic equity benchmarks Sensex and Nifty hit record highs on Thursday, boosted by heavyweight conglomerate Reliance Industries, which plans to step up the adoption of AI and issue bonus shares. Meanwhile, in today's trade, 6 midcap stocks from the Nifty200 index hit new all-time highs. Here's a list:

Indian markets touched fresh record highs on Thursday tracking positive global cues. The S&P BSE Sensex rose more than 300 points while the Nifty50 closed above 25100 levels.The S&P BSE Sensex hit a fresh record high of 82,285 while the Nifty50 hit a high of 25,192.90.

Reliance Industries Ltd will consider issuing 1:1 bonus shares to investors on September 5. This move recognizes the company's robust growth over recent years. Historically, the company has issued bonus shares five times since 1980. Analysts believe this will enhance liquidity and expand the investor base.

RIL is not just India's most valuable listed company at Rs 20.6 lakh crore, it also reported the highest annual profit of Rs 79,020 crore in FY24.

The board of state-owned IREDA on Thursday approved a proposal to raise Rs 4,500 crore. The funds will be raised in one or more tranches through further public offer (FPO)/qualified institutional placement (QIP)/rights issue/preferential issue or any other permitted mode or combination, subject to the statutory or government approval, IREDA said in an exchange filing.

Indian equity indices Sensex and Nifty50 rebounded from a slow start to close at record highs on Thursday, driven by gains in Reliance Industries, financial and IT stocks. Sensex advanced 349 points to 82,134, while Nifty gained 99.6 points to 25,152. Despite this, overall market capitalisation fell over Rs 31,000 crore.

While billionaires Gautam Adani and Mukesh Ambani were the top two wealthiest Indians in the world featuring in the 2024 Hurun India Rich List, they also added wealth at the fastest clip. Here is a list of top 10 biggest gainers on the year-on-year basis. Between them they added Rs 12.54 lakh crore taking their combined personal wealth to Rs 35.57 lakh crore. Here's the full list:

The yuan’s recent rally can largely be attributed to the softening of the US dollar. The dollar's slide was sparked by several factors, including the Bank of Japan’s (BOJ) unexpected rate hike, which led to an unwinding of short positions against the yen and triggered a broader sell-off of the dollar.

Indian equity indices Sensex and Nifty50 rebounded from a slow start to close at record highs on Thursday, driven by gains in Reliance Industries, financial and IT stocks. Sensex advanced 349 points to 82,134, while Nifty gained 99.6 points to 25,152. Despite this, overall market capitalisation fell over Rs 31,000 crore.

Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani on Thursday announced that they are aiming to double its revenue as well as EBITDA of its telecom offering Reliance Jio in the next 3-4 years.

What makes a stock move from mid cap to large cap ? One is the technical reason which gets impacted by what definition, regulator and exchange decide for the classification of stocks. But for reality what matters is the size of the business opportunity in which that company is operating. It is only when growth will come with both pace and sustainably that top and bottomline line will grow and that will what makes a company bigger and stock a large cap one. Let's take an example. Fifteen years back, not many would have thought a stock exchange ( BSE ) in this case would be listed as a company and one would be able to buy its share. But today it is listed and its turnover has grown multifold in the last few years and stock turned out to be multibagger. More than anything else, the reason for it becoming a multibagger is that the size of the capital market in India has grown many times.

India's benchmark Sensex surged by around 611 points on Monday, closing at 81,698. During this rally, seven stocks within the BSE IT index hit their highest prices in the past year. Reaching a 52-week high is noteworthy as it represents the peak value a stock has achieved over the last 12 months, providing valuable information for traders and investors. This milestone is essential for assessing a stock's current worth and predicting future price trends.

The Indian government has simplified listing rules for companies on international exchanges within IFSCs, aligning with global standards. New regulations require a minimum 10% public offer and allotment, and a continuous listing requirement of 10% under SCRR Rules 19 and 19A.

Resourceful Automobile's stock debuted flat at Rs 117, then fluctuated between lower and upper circuits. Despite a 400x IPO subscription, listing performance disappointed amid market sentiment issues.

Investors often seek insights into which mutual funds are performing well and the stocks driving their success. In our latest MF analysis, ETMarkets highlights the top 10 mutual fund schemes of CY24 and their standout stocks performers during the same time period. These top funds have outshone their peers, thanks to the strong performance of their underlying stocks. By exploring these leading funds and their key stocks, investors can uncover successful investment strategies and promising sectors. (Data Source: ACE Equity, ACE MF)

​"Our future is far brighter than our past. For example, Reliance took over two decades to be amongst the Top 500 companies globally. The following two decades saw us joining the league of the world’s Top-50 most valuable companies. With our strategic adoption of Deep-Tech and Advance Manufacturing, I can clearly see Reliance earning a place in the Top-30 League in the near future," Ambani said.

The SME IPO index recently reached the 1 lakh mark, but faced a drop on Thursday as Sebi warned investors against blindly investing in SME stocks. Sebi highlighted that some promoters create unrealistic pictures of their operations. Investors are urged to be cautious and avoid relying on unverified social media posts or rumours.

"The Board of Directors is scheduled to be held September 5, 2024, to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 1:1 to the equity shareholders of the company by capitalization of reserves," the company said in a filing.

Shares of Resourceful Automobile listed flat on the BSE SME platform at Rs 117, despite strong subscription and a GMP of 89% above the offer price. The company, which operates two Yamaha showrooms, plans to use the IPO proceeds for expansion, debt repayment, and general corporate purposes.

Sebi chief Madhabi Puri Buch discussed positive responses to small and medium REITs at the Global Fintech Fest 2024. Buch emphasized compliance as essential for market participants while addressing allegations from Hindenburg Research. Sebi's discussion on Futures & Options trading regulations received 6,000 comments from stakeholders, focusing on investor protection and market stability.

Vodafone Idea shares surged 3.6% after the Supreme Court set a date for hearing its curative petition in the AGR case on August 30. Global brokerage firm Citi predicts potential benefits of Rs 4-5 per share. The hearing challenges the 2019 ruling on payments owed to the government.

The Nifty IT index has been a top performer, delivering nearly 4% returns over the past month. This recent rally was fueled by hopes of a Federal Reserve rate cut but began with broadly in-line April-June quarter earnings from IT companies. Tier 1 companies reported QoQ CC revenue growth ranging from -1.6% to 3.6%, with most surpassing estimates, according to Sharekhan.

In another few weeks, the monsoon season for 2024 will be over. This year, the monsoons have been good, largely in the line of forecast which was made. There are two parts of the monsoon, first the spending which is done in the monsoon season and the second part the spending which is done after the monsoon season is over from the money which is earned due a good harvest. There are select sectors which have strong correlation with spending done in the midst of the monsoon season. We take a look at stocks where sales get impacted from higher spending done in the monsoon season. Now why look at these stocks at this point of time. Given the fact that there is too much liquidity which is prevailing in markets, a small hint that the performance of the company is going to be good, stock tends to gain very sharply. So, in bullish markets, before you see in headlines or a company management say “ positive impact of monsoon” it better to be ready

Shares of Resourceful Automobile listed flat on the BSE SME platform at Rs 117, despite strong subscription and a GMP of 89% above the offer price. The company, which operates two Yamaha showrooms, plans to use the IPO proceeds for expansion, debt repayment, and general corporate purposes.

Hurun India Rich List 2024: India has witnessed a significant increase in wealth, adding a new billionaire every five days in the past year. The Hurun India Rich List 2024 reports 334 billionaires, with notable growth in wealth across various sectors. The total number of wealthy individuals in India has reached 1,539, showcasing diverse wealth creators.

TV18 Share Price: Shares of TV18 Broadcast and Network18 Media and Investments rose after the Competition Commission of India approved the merger of Viacom18 and Star India. The approval sets the stage for creating India's largest media and entertainment firm, with Reliance holding a 56% stake, Disney 37%, and Bodhi Tree Systems 7%.

Mirae Asset Capital Markets has revealed its top 10 stock picks for the upcoming quarter, highlighting companies with strong performance and growth potential. The selection reflects a diverse range of industries with robust growth prospects and stable financials. Here’s a closer look at the selected stocks and what investors can expect:

Despite negative publicity from the Hindenburg report, Gautam Adani’s family wealth surged by 95% to Rs 11.6 lakh crore over the past year, adding Rs 5,65,503 crore, according to the 2024 Hurun India Rich List. As a self-made entrepreneur, Adani achieved the highest wealth growth among the top 10 over the past five years, increasing his net worth by Rs 10,21,600 crore despite the Hindenburg crisis.

Shares of state-owned PFC and REC rose by 2% and 3% as UBS initiated coverage on them. UBS sees potential growth driven by financing renewable energy and infrastructure projects.

Shares of PB Fintech, parent of Policybazaar, surged by 3.5% on BSE after a likely 2.1% equity stake sale worth Rs 1,610 crore via a block deal, with Tencent reportedly being the seller. The stock has delivered impressive returns over the past year and reported a consolidated net profit of Rs 60 crore for Q1 2024.

Shares of TV18 Broadcast and Network18 Media and Investments rose after the Competition Commission of India approved the merger of Viacom18 and Star India. The approval sets the stage for creating India's largest media and entertainment firm, with Reliance holding a 56% stake, Disney 37%, and Bodhi Tree Systems 7%.

JM Financial has reiterated its 'Buy' rating on Nykaa, raising the target price to Rs 250, reflecting a 15% upside from the previous day's Rs 217 closing price. The upgrade is driven by Nykaa's strong FY24 performance and strategic market positioning.

Paytm Share Price: Paytm shares saw a 5% increase after approval from the finance ministry for investment in its payment services business. This allows Paytm Payments Services Limited to resubmit its payment aggregator license application. This step is crucial as it lifts regulatory barriers and could enable Paytm to onboard new online merchants, boosting its business prospects.

Nykaa Ltd, an e-commerce firm, has surged 20% in a month, reaching multi-year highs in August. Experts advise medium- to long-term traders to aim for above Rs 300 in the next 10-12 months. The stock recently broke out from a rounding bottom pattern and is trending above major moving averages, indicating sustained momentum.

Shares of Resourceful Automobile listed flat on the BSE SME platform at Rs 117, despite strong subscription and a GMP of 89% above the offer price. The company, which operates two Yamaha showrooms, plans to use the IPO proceeds for expansion, debt repayment, and general corporate purposes.

Shares of InterGlobe Aviation, which operates IndiGo Airlines, fell 3% to Rs 4,714.90 after co-founder Rakesh Gangwal sold 2.3 crore shares (6% equity) at Rs 4,760 each, totaling Rs 11,000 crore. The official sellers remain undisclosed. The stake sale amount was revised from Rs 6,750 crore.

The Indian stock market is expected to consolidate on Thursday amid mixed global cues. Analysts suggest a broader trading range between 24,700 and 25,500 zones. Key stock recommendations include Granules India, Voltas, and Eicher Motors, among others. Traders are advised to look out for specific buy targets and stop losses.

Shares of InterGlobe Aviation, which operates IndiGo Airlines, fell 3% to Rs 4,714.90 after co-founder Rakesh Gangwal sold 2.3 crore shares (6% equity) at Rs 4,760 each, totaling Rs 11,000 crore. The official sellers remain undisclosed. The stake sale amount was revised from Rs 6,750 crore.

Indian benchmark equity indices opened slightly lower on Thursday, impacted by declines in auto and IT stocks. The BSE Sensex was down 63 points at 81,721, while the Nifty50 fell 21 points to 25,031. Key sectoral indices such as Nifty IT and Nifty Metal also saw losses. Investors are closely watching U.S. economic indicators for clues on rate easing plans.

State-owned companies PFC and OIL, among others, are in focus as they approach their record date for dividend payouts on August 30. PFC announced an interim dividend of Rs 3.25 per share, while OIL declared a dividend of Rs 2.50 per share. Various other listed companies will begin trading ex-dividend starting Friday.

To maintain a premium valuation, a stock must demonstrate strong earnings growth and a positive future outlook. However, the June quarter results revealed that several prominent companies, including popular retail multibaggers, fell short in terms of earnings. ETMarkets reviewed companies with an m-cap of at least Rs 5,000 crore and identified 13 entities that reported at least a 25% YoY decline in sales and profit.

Brokerage firms UBS, Jefferies, Citi, and Investec have offered varied ratings on Indian stocks. UBS and Jefferies give Paytm neutral and hold ratings, citing regulatory progress. Citi maintains a buy call on Vodafone Idea. Investec starts coverage on Jana Small Finance Bank with a buy rating, expecting strong earnings growth.

In the 47th annual general meeting of RIL, the investors will watch out for timelines, targets, new partnerships and other announcements regarding the conglomerate's diversified business that sprawls across oil and petrochemicals, telecom, retail, new energy and finance.

Foreign banks from Japan and the Middle East are showing interest in acquiring stakes in Yes Bank and IDBI Bank. The Indian economy's rapid growth is a major attraction, although tight regulations and high valuations could be challenging. The deals, if successful, would mark a significant move in India's banking sector.