Market Updates and News: July 5, 2024 – Live Updates on Latest Market Trends and Developments
The stock market today saw a flurry of activity, with various companies making headlines for their performance. Here are some of the key highlights from today’s market updates:
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Dividend Yield Stocks: Coal India, Gujarat State Fertilisers & Chemicals, and 8 other top firms were identified as high dividend yield stocks by Religare Broking. Investors were urged to check if they owned these stocks to benefit from their dividend payouts.
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Wall Street Update: US stocks experienced a mixed day of trading after weak jobs data was reported. The S&P 500 remained flat, the Dow Jones was down 0.1%, and the Nasdaq saw a 0.2% increase.
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Budget 2024: Ahead of Modi 3.0’s first Union Budget, experts suggested four stocks to watch, including L&T and Oil India. These stocks were expected to be influenced by the budget announcements.
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Nifty 50 Performance: The Nifty 50 recorded its longest weekly winning streak of 2024, ending at a record high. The bullish streak was attributed to factors such as a potential rate cut by the US Federal Reserve, FPI inflows, and a rally in banking and IT stocks.
- IPO News: Emcure Pharma IPO received a strong response, being oversubscribed 67.74 times on the third bidding day. Investors showed significant interest in the IPO, indicating a positive market sentiment towards the pharmaceutical company.
Overall, the market today showcased a mix of positive and negative movements, with investors closely monitoring various sectors and stocks for potential opportunities. Stay tuned for more updates on the market’s performance and key developments.
