Even markets are volatile, there is an underlying bias to volatility, it could be bullish or bearish. This bias is reflected in two things, first the market breadth which is essentially how many stocks are moving upward or downward. On a large number of days, market breadth is showing that its bias is toward bears. Because this correction is coming at a time when the global situation is not so good, both in terms of interest rate and also higher geopolitical risks, it would be better that “caution” should be added when decisions are taken about investing and sticking to largecap. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks that fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Infosys: IIFL Securities said it was shifting focus towards recovery in FY25 driven by its order book and that an attractive dividend yield (4 per cent) may provide downside support to Infosys valuations.
Top stock picks for today: Akshay Bhagwat on Monday told BT TV that investors can buy HUL for target prices of Rs 2,524-2,536 levels, keeping a stop loss placed at Rs 2,449. For Tata Consumer Products, the market expert said technical charts are looking positive at current levels.
Federal Bank was mutual funds' biggest bet in value terms. Domestic fund managers bought increased their holdings in Federal Bank by 12.32 crore (worth Rs 1,670 crore) to 81.59 crore shares in July.
HUL Q1 results: On a standalone basis, Kotak Institutional Equities is expecting 13.6 per cent year-on-year (YoY) rise in net profit at Rs 2,599.80 crore compared with Rs 2,289 crore in the same quarter last year.