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Indian equity benchmarks closed the week positively due to strong economic data and policy reforms. Sudeep Shah of SBI Securities discussed the outlook for Nifty and Bank Nifty. Nifty faces resistance at 24950-25000 and support at 24550-24500. Bank Nifty is underperforming, with resistance at 54500-54600 and support at 53600-53500.
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Dividend yield is an important metric for investors as it reflects the return they earn on their equity holdings in the form of dividends. It serves as an indicator of how much a company rewards its shareholders relative to the price of its stock. For income-focused investors, dividend yield provides clarity on the stability of earnings and the potential for consistent cash flow from their investments.Companies that offer high dividend yields are often sought after by investors who value steady income alongside capital appreciation. These payouts not only enhance returns but also signal the financial strength and shareholder-friendly approach of a company. Here are the list of the top 10 dividend-yielding companies according to Religare Broking:
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Over the five trading sessions ending September 5, the Sensex rose by about 1.1%, adding 901 points to close at 80,710. The benchmark index finished in the green on three out of those five days. Notably, during this market uptrend, 10 stocks from the BSE 200 index posted gains in each of the five sessions. (Data Source: ACE Equity)
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