Discover the power of the Golden Crossover in assessing stock movements as ETMarkets handpicks 10 Nifty50 stocks that have witnessed this bullish pattern. Unravel the concept of the Golden Crossover and its importance in helping potential investors make informed decisions in the dynamic stock market.

Discover the power of the Relative Strength Index (RSI) in evaluating stock movements as ETMarkets handpicks 10 trending up stocks from a pool of 36 reported by StockEdge on July 26, Wednesday

Equity benchmark indices Sensex and Nifty buckled under heavy selling pressure on Thursday as investors pared exposure to bellwether stocks HDFC Bank, M&M, Nestle and Reliance Industries amid a mixed trend in global markets. Besides, the interest rate hike by the US Fed failed to boost sentiments in the domestic market, which saw a steep decline led by banking and auto stocks, traders said. After opening with gains of over 125 points, BSE Sensex plunged 440.38 points or 0.66 per cent to settle at 66,266.82, while Nifty declined 118.40 points or 0.60 per cent to close at 19,659.90.

On July 26, Wednesday, StockEdge reported that over 80 stocks were trading in an overbought zone. ETMarkets has carefully selected 10 stocks from this group, offering potential investors a unique opportunity to explore the importance of the RSI in assessing stock movements

On July 26, Wednesday, StockEdge reported 23 stocks trading in the overbought zone but exhibiting a bearish or declining RSI trend. ETMarkets has handpicked 10 of these stocks, providing potential investors with valuable insights on interpreting RSI data for informed decision-making.

Laurus Labs Q1 consolidated net profit fell 90% YoY to INR25 crore due to lower sales and elevated expenses. The API business reported a 2% growth in revenues to INR597 crore, however, sequentially it experienced a 16% decline. Indian Energy Exchange recorded a 10% YoY rise in consolidated

Sunil Singhania's Abakkus Emerging Opportunities Fund trimmed its stake in 8 stocks during the last quarter, Trendlyne data shows. Among these, he likely exited one stock as his shareholding fell below 1% during the June quarter. Take a look!

In the Sensex pack, M&M was the top laggard, falling over 6%, as the company disclosed plans to expand its footprint in the banking sector by picking a stake in private sector lender RBL Bank. Tech Mahindra, Nestle, Bajaj Finance, Axis Bank, JSW Steel, Kotak Bank and ITC also ended in the red.

The healthcare sector's impressive performance in the stock market highlights these companies' commitment to innovation, research, and delivering quality healthcare solutions to patients worldwide.

RSI is a widely used technical indicator in the world of stock trading. It provides valuable insights into a stock's overbought or oversold conditions, helping investors gauge potential price movements

Nine stocks crossed their 20-day Simple Moving Average (SMA) on July 26, 2023. Balkrishna Industries and Siemens stand out, along with other prominent companies like Torrent Power and Bajaj Electricals, showcasing positive market momentum and growth potential.

The article focuses on the notable stocks that crossed their 200-day Simple Moving Average (SMA) on July 26, 2023, showcasing strong market resilience. Lux Industries and Shree Cement lead the pack, along with other prominent companies like Biocon and Eicher Motors, reflecting positive market sentiment.

For some of these top midcaps, Stochastic has been trending down to below 50 levels (StockEdge). Herein, this implies that the stock price shall trend lower.

BSE MidCap Index stocks achieved new 52-week highs on July 27. Leading the charge were Colgate-Palmolive and Lupin, alongside other prominent companies like Godrej Properties and Oberoi Realty, showcasing their strong growth potential in the dynamic market

Seven stocks crossed their 100-day Simple Moving Average (SMA) on July 26, 2023. Tata Chemicals and Infosys take the lead, along with other prominent companies like Solar Industries India and Eicher Motors, reflecting positive market sentiment and growth potential

Here is a list of 5 potential stocks that can fetch you better growth, good momentum, and can rally up to 22%. Take a look (Source: MOSFL)

Shares of HDFC Asset Management, UTI Asset Management, and Aditya Birla Sun Life AMC fell by up to 2% after Reliance Group's Jio Financial Services announced that it will launch an asset management company in partnership with US-based BlackRock. The companies are targeting an initial investment

"Netweb Technologies is well-positioned to benefit from the growth of the high-end computing market in India, as it has a strong focus on the niche business segment of high-end computing solutions," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.

The Indian sugar sector has gone through a transformation. From being just a provider of an essential commodity, to being the largest provider of ethanol. Some companies have shifted their focus and have gone through restructuring by hiving off their ethanol unit to focus on ethanol only. As the underlying macro changes sugar companies are making a comeback on the analyst list.

However, the company has issued a clarification, saying that "the company is not aware of any event that requires disclosure under Listing Regulations. The company will make appropriate disclosure in compliance with the listing regulations as and when any such requirement arises."

ETMarkets has collated a list of major large and midcap stocks whose MACD line has crossed above the signal line. This is typically seen as a bullish signal, suggesting the price of the stock can tick higher. Please note, the data is based on the previous day’s data (July 26, 2023).

“The Federal Reserve's statement keeps the door open for future rate hikes, but prioritizes data-driven decisions,” said Radhika Gupta, MD & CEO, Edelweiss MF. “Vigilance towards inflation risks remains a key focus for the rate-setting committee.”

In its latest analysis, ETMarkets focused on stocks where major institutional investors, like Foreign institutional investors (FIIs), have been reducing their stakes. Among BSE-listed stocks with a market cap of over Rs 500 crore, there were about 83 stocks that saw a decline in FII ownership in each of the last four quarters (September '22 to June '23). Despite this continuous decrease in FII holding, approximately 50 out of the 83 stocks managed to deliver positive performance in the last year. Our analysis highlighted nine standout stocks that saw remarkable surges ranging between 60% to 120% in a year. (Data Source: ACE Equity).

As the headwind for the auto sector starts to slow and the nifty auto index continues to outperform some of the other sectoral indices, we take a look at what analysts' views are on segments and sub-segments of the auto industry. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

With the earning rush picking up on Friday, investors also had more reason to be cautious since Thursday's notable stock market laggards, including chip-testing equipment maker Advantest and Nissan Motor, were due to results-driven losses.

It has completed acquisition of 32.75 per cent of the paid-up share capital of Satiya Nutraceuticals through primary infusion and secondary buyouts, completed on July 26, 2023.

Having doubled down its bet on Adani Group stocks in the past few months, GQG Partners has seen the market value of its investments soaring, thanks to the rally in the stocks. The sharp upmove in shares of most of the Adani Group companies since April has taken the total market value of GQG Partners’ investment to nearly Rs 25,000 crore.

Its revenue from operations was up 26.84% to Rs 1,245.39 crore during the quarter under review as against Rs 981.83 crore in the corresponding period of the previous fiscal. Meanwhile, its total expenses were at Rs 1,036.06 crore, up 25.5% YoY in the first quarter of FY 2023-24.

The brokerage's buy view on the stock is on account of high dividend yield and valuations. The stock is currently trading at 15.6X FY25F EPS. The key risks are in the form of weak revenue growth and continued margin pressure.

In morning session, the scrip was trading 8.5% higher at Rs 1.160 on BSE. Meanwhile, in the last one year, it has surged 19%.

The stock rose from Rs 161.65 as on 25th April 2023 to Rs 198.65 recorded on 25th July 2023 which translates into an upside of 23% in the last 3 months. The restaurant stock hit a record high of Rs 215 on 18th August 2022 but it failed to hold on to the momentum.

Under the proposed OFS, the government will offload about 7.08 crore equity shares, representing 3.4% equity on Day 1, which is the T day, and in the case of oversubscription, an additional 1.96% stake will be sold.

Kotak retained a 'Reduce' stance on the counter and estimates the fair value at Rs 6,800. Bajaj Finance reported a strong quarter, buoyed by AUM growth, with sales finance (consumer durable loans), two-wheeler and commercial loans being the largest drivers. As such, momentum may remain strong at 27% YoY for the rest of the year, but moderate from the highs of Q1.

Share buyback or share repurchase is a corporate action in which a company buys back its own outstanding shares to reduce the number of shares available in the open market. A company may come up with buyback offers for several reasons such as increasing the value of shares by reducing their supply etc. Here's a list of companies that announced share buybacks recently:

In a post-market hour filing to exchanges on Wednesday, M&M said it has acquired a 3.53% stake in RBL Bank at a cost of Rs 417 crore and may consider further investment subject to pricing, regulatory approvals and required procedures.

Axis Bank reported a standalone net profit of Rs 5,797.10 crore for the quarter ended June 2023, up 40% year-on-year (YoY) over Rs 4,125.26 crore profit reported by the company in the corresponding period of the last financial year. An ET NOW poll of analysts had anticipated the profit figure at Rs 6,000 crore.

Having doubled down its bet on Adani Group stocks in the past few months, GQG Partners has seen the market value of its investments soaring, thanks to the rally in the stocks. The sharp upmove in shares of most of the Adani Group companies since April has taken the total market value of GQG Partners’ investment to nearly Rs 25,000 crore.

In a post-market hour filing to exchanges, M&M said it has acquired a 3.53% stake in RBL Bank at a cost of Rs 417 crore and may consider further investment subject to pricing, regulatory approvals and required procedures.

The IPO of Netweb, a leading high-end computing solutions (HCS) provider with fully integrated design and manufacturing capabilities, was subscribed 90.36 times at close. The qualified institutional buyer portion was the most subscribed with a subscription of 228.91 times, followed by non-institutional investors with 81.81 times. The retail category was subscribed 19.15 times.

An analysis of the latest shareholding pattern of the new-age companies shows that domestic fund houses increased their ownership in Nykaa by 336 bps to 8.5% in Q1. The stock of the fashion and lifestyle e-tailer has been among the worst performers in the pack of new-age stocks and is down by about 39% in the last one year.

The rate hike by Fed took the benchmark interest rate to 5.25-5.50%, the highest level since the global financial crisis in 2007-2009.

On the monthly options front, the maximum Call OI is placed at 19800 and then towards 20,000 strikes while the maximum Put OI is placed at 19700 and then towards 19600 strikes. Minor Call writing is seen at 19900 and then towards 19850 strikes while Put writing is seen at 19750 and then towards 19650 strikes.

Opening Bell: Sensex gains 250 points, Nifty tops 19,800; M&M drops 4%, Bajaj Finance rises 2%.

Jefferies upgraded Cipla to buy with a target price of Rs 1210. The US performance leads to the beat in Q1 results. The management commentary provides a positive read-through.

The rate hike by Fed took the benchmark interest rate to 5.25-5.50%, the highest level since the global financial crisis in 2007-2009.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on PVR INOX and Bata India while Nooresh Merani has a buy/sell recommendation on SBI and ONGC for today's trading session. Check out the targets and stoploss.

In the Nifty200 pack, we have collated a list of five stocks that witnessed a 5-year swing high at the close on July 26, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years.

Bajaj Finserv’s daily trend is bullish to sideways. RSI for monthly is showing sideways momentum. However, RSI for weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 1600 and 1700. Let’s plan a trade around this.

In the Nifty500 pack, seven stocks crossed above their 200 DMA (Daily Moving Averages) on July 26, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:

Stocks that were in focus include names like RBL Bank, which rose 7.21%, Piramal Enterprises, which gained 7.67%, and L&T, whose shares rose 3.56% on Wednesday.