Market Bizzz

Morgan Stanley acquired a stake in Cigniti Technologies through a block deal worth Rs 26 crore, purchasing shares at a 9.5% discount. Cigniti’s shares subsequently fell 10% to Rs 1,573.80. The company reported a significant year-over-year increase in net profit for Q1FY26, but a sequential decline in PAT, with revenue remaining relatively flat.

Wipro and DLF shares traded ex-dividend on Monday. July 25 was the last day to buy shares for dividend eligibility. Wipro announced an interim dividend of Rs 5 per share. DLF declared a final dividend of Rs 6 per share. Other companies like CRISIL, Cosmo First, and KPIT Technologies also announced dividend payouts with a record date of July 28.

Helios Mutual Fund’s CEO, Dinshaw Irani, notes current market challenges due to poor quarterly results. A September rebound is expected. Trade deal progress with the US is anticipated. The market is pricing in a deal around 15-20%. Urban recovery is showing positive signs. Sideways market movement is likely before earnings dictate direction. Despite this, stock-specific opportunities exist for diligent investors.

Shiv Chanani of Baroda BNP Paribas MF advises mutual fund investors to define their goals and investment timeframe. A three-to-five-year horizon suits midcap, smallcap, or sector-specific funds. He highlights the structural growth potential of midcap, smallcap, and consumption themes in India. Chanani believes India’s limited global export share shields it from major tariff headwinds.

Alphabet saw a surge in cloud computing demand. The company is increasing its capital spending. This is to about $85 billion. Alphabet beat Wall Street estimates for revenue and profit. Google Cloud sales grew significantly. AI features and a steady digital ad market helped. The company’s shares initially dipped but then rallied. This was due to strong cloud demand details.

Sebi has announced that research service personnel must obtain NISM certification within a year. Institutional investors no longer need to sign consent forms. Research analysts will still share terms and conditions. Sebi clarified what constitutes a research report. Journalists are exempt from registration, but recommendations must be based on registered analysts’ reports. Restrictions apply to trading securities recommended by analysts.

Rakshit Ranjan highlights a slowdown in Nifty 50’s earnings growth, coupled with high valuations, creating market uncertainty. He suggests a shift towards bottom-up stock picking, emphasizing earnings surprises as key drivers. Marcellus’ CCP portfolio focuses on companies with competitive advantages and high reinvestment rates, particularly in healthcare and evolving retail models.

GNG Electronics launched its IPO aiming to raise Rs 460 crore through fresh issue and offer for sale, showing strong financials and investor interest with a 44% GMP. The company will use the proceeds to repay debt and for general corporate purposes. Brokerages recommend subscribing, citing GNG’s scale, growth, and strategic positioning in the refurbished electronics market.

Hero MotoCorp will trade ex-dividend from July 24, 2025. Investors must buy shares today to receive Rs 65 per share dividend. This dividend reflects the company’s strong financial health. The company announced a final dividend of Rs 65 per share. Over the last 12 months, the equity dividend was Rs 140 per share.

A close above VWAP indicates strong buying interest, as the stock ends the day above its volume-weighted average trading price.