In Wednesday's trading session, the Sensex benchmark index experienced a gain of approximately 173 points, concluding the day at 66,118. In tandem with this uptrend, 6 stocks listed on the BSE PSU index managed to achieve their highest prices in the past 52 weeks.The 52-week high holds significance for specific traders and investors as it functions as a vital technical indicator for evaluating a stock's current value and anticipating potential price fluctuations. This value represents the highest price at which a stock was trading over the preceding year.

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For the traders now, 19630 would act as a key support level. Above which, the market could continue the positive momentum till 19800-19825. On the flip side, below 19630 uptrend would be vulnerable, said Shrikant Chouhan of Kotak Securities

Stocks that were in focus include names like HUDCO which was up more than 3%, Thermax closed with gains of over 2% to hit a fresh lifetime high and Indian Bank pared gains and closed with gains of nearly 1% on Wednesday. All stocks hit a fresh all-time high.

The market capitalisation of all listed companies on the BSE surged by Rs 1.53 lakh crore to Rs 319.68 lakh crore. The market breadth was skewed in favour of the bulls. About 2,007 stocks gained, 1,640 declined, and 152 remained unchanged on the BSE.

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Gift Nifty is a dollar-denominated futures contract based on the Nifty 50 index and is traded on the NSE IX, an international multi-assets exchange set up at GIFT City.

Tata Elxsi Limited is a leading global design and technology services provider. On September 26, its stock closed at Rs 7310.9, comfortably exceeding the 50-day SMA of Rs 7263.09.

The market capitalisation of all listed companies on the BSE surged by Rs 1.53 lakh crore to Rs 319.68 lakh crore. The market breadth was skewed in favour of the bulls. About 2,007 stocks gained, 1,640 declined, and 152 remained unchanged on the BSE.

Closing Bell: Sensex recovers 570 pts from day's low, ends 173 pts higher; Nifty above 19,700; Senco surges 14%, IIFL 11%

"Signature Global has a history of losses and faces concentration risk and stiff competition from other developers. After this listing, investors should consider booking profit. However, those who want to hold it should maintain a stop loss at Rs 400," said Shivani Nyati, Head of Wealth, Swastika Investmart.

On September 26, several noteworthy midcap stocks demonstrated their resilience by surpassing their 100-day SMA.

On a year-to-date basis, the stock has delivered 15% returns to investors. Axis Securities has a buy call on the stock with an upside of Rs 291-310 levels and the holding period is three to four weeks.

On September 26, several major stocks displayed notable strength by surpassing their 200-day SMA.

September 27, 2023, stands as a testament to the strength and resilience of BSE PSU stocks, reaffirming their role as key players in India's economic growth story.

September 27, 2023, will be remembered as a day when midcap stocks showcased their potential.

The National Stock Exchange (NSE) has sent a proposal to the Securities and Exchange Board of India (SEBI) to have an evening session to trade in index futures and options, an NSE official told Reuters.

As per the deal, it acquired TCNS Clothing's founding promoter's stake through an SPA (Share Purchase Agreement), followed by an open offer.

In the current fiscal year FY24, Indian insurance companies have achieved remarkable growth. All publicly traded insurance firms have outperformed the Nifty benchmark index, which has recorded an approximate 13% increase. Notably, the General Insurance Corporation of India has led the way with a remarkable surge of 67% during the same timeframe. Apart from LIC and Star Health and Allied Insurance Company, all other stocks are hovering within single-digit proximity to their 52-week highs, as per data from ACE Equity. It's noteworthy that the majority of these stocks exhibit more strengths than weaknesses in their SWOT analysis, as indicated by Trendlyne data.

"While large investors who need depth and tight spreads could wait for the regular session, those looking to react early to global news flow could be interested, despite the risk of potentially lower volumes. Further, we have so far taken credit for the strength of our macros, which has helped our indices less troubled by global market volatility," James said.

On September 26, Tuesday, StockEdge reported that 26 stocks had experienced a declining trend in the Relative Strength Index (RSI). ETMarkets has selected 10 stocks from this group that are currently facing a downward RSI trend.

On September 27, Wednesday, Trendlyne reported that over 40 Nifty stocks have experienced a Golden Crossover. ETMarkets has shortlisted 10 stocks from this group that have formed this bullish pattern.

Technically, the stock's day RSI (14) is at 65.7. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 11, which is above its center and signal Line, this is a bullish indicator. Shares of REC are trading higher than the 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages.

On September 26, Tuesday, StockEdge identified 30 stocks with a rising Relative Strength Index (RSI). ETMarkets has handpicked 10 stocks from this list to explore the significance of RSI and how it can guide your investment choices.

On September 26, Tuesday, StockEdge revealed three stocks residing in the overbought zone but exhibiting a bearish RSI trend.

In the Nifty50 index, the top inflows will likely come into Adani Enterprises ($21 million) followed by HDFC Bank ($19 million). Both stocks will also see their weights going up by 0.06% to 0.9% and 13.4%, respectively. This will be followed by inflows in Axis Bank ($11 million), ITC ($3 million) and Tata Consumer Products ($3 million).

On September 26, Tuesday, more than 20 stocks entered the overbought zone, indicating potential price corrections. ETMarkets has selected 10 stocks from this list that are currently trading in the overbought zone.