Jio Fin News Today

Deven Choksey discusses market opportunities during corrections, stock-specific triggers for recovery like in Kotak Bank and Bajaj Finance. Real estate and consumer durables sectors show growth potential, with Reliance Retails entry expected to disrupt the market.

Jio Financial Share Price: The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high of Rs 384.

Sensex Today | Stock Market LIVE Updates: Domestic benchmark indices rebounded sharply on Friday, snapping the four-day losing streak on heavy value buying in banking and auto shares. BSE Sensex climbed 599 points or 0.83% to settle at 73,088.33. The NSE Nifty jumped 151.15 points or 0.69% to close at 22,147. The broader index dropped to a low of 21,777.65 in early trade before paring its losses to end in the green.Gainers and LosersBajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, M...

Deven Choksey emphasizes individual stock investments over market view, focusing on sectors like IT, specialty chemicals, and pharma. He remains cautious on market exuberance and suggests strategic investments during corrections for long-term gains. Choksey says: "The market is scaling up too quickly and too early, maybe that is where one is not fully comfortable."

The rejig exercise will also see significant inflows in six other stocks viz. NTPC ($66 million), Power Finance Corporation (PFC, $45 million), REC ($43 million), Mahindra & Mahindra (M&M, $42 million) Bharti Airtel ($26 million) and Indian Railway Finance Corporation (IRFC $23 million).

Mumbai: Jio Financial Services, led by Mukesh Ambani, has joined the Rs 2-trillion market cap club, with its shares rising by 10.2% to reach Rs 334 on Friday, media reported.

The inclusion could attract net inflow of $245 million to the SFL counter

Stocks to watch: Shares of firms like HDFC Bank, Jyoti CNC, Jio Fin, RVNL, Patanjali Foods, and others will be in focus on Tuesday's trade.

Stocks to watch: Shares of firms like HCL Tech, Wipro, Jio Fin, LIC, DMart, LIC, BHEL, Indigo, and others will be in focus on Monday's trade.

Bajaj Finances net profit rose 27.8 per cent to ₹3,550 crore in Q2FY24. Jio Financial Services reported a net profit of ₹668.2 crore, doubling from the previous quarter.