Macquarie believes that with Axis Bank acquiring a significant stake in Max Life Insurance, there could be more involvement at the board level by the bank. Axis Bank has increased its stake in Max Life Insurance to 19% from 13% last month.

Nifty’s progress is a testament to the trust Indian and foreign investors place in India’s capital markets and its regulatory legal system to provide a fair, efficient, transparent, low-cost, always available, orderly marketplace that is better than the best in the world

The so-called core consumer price index, which excludes food and energy costs, advanced 0.3% from July, marking the first acceleration since February, Bureau of Labor Statistics data showed Wednesday.

The stock hit a record high of 1503 on 18 October 2021 and has undergone a corrective phase since then. It finally broke out of the Triangle pattern in the last week of August and is still holding above the same

This article examines why 4 stocks have experienced an RSI trending up, highlighting the importance of RSI in evaluating stock movements.

The initial public offer (IPO) of wires and cable maker RR Kabel, which opened for subscription on Wednesday and closes on Friday, looks to raise Rs 1,964 crore via the initial stake sale. Astha Jain from Hem Securities tells you all about RR Kabel's IPO.

This article explores the importance of RSI and why assessing stock movements based on RSI is crucial. We examine 10 such stocks and shed light on the nuances of this intriguing pattern, offering insights for potential investors.

An analysis by ETMarkets shows the smallcap stocks which are held by the most number of mutual fund schemes. Herein we list 10 such smallcaps that are being held by highest number of MF schemes. (Data Source: Ritesh Presswala | ACE MF)

In the largecap segment, selling was prominent in the consumer space. Pidilite Industries, Marico, Berger Paint, Tata Consumer Products, and Trent were among the largecap bets that saw the highest selling by MFs last month, according to a report by ICICIdirect.

This article examines why 10 stocks are trading in the overbought zone and why it's essential to assess stock movements based on RSI. Join us in uncovering potential investment opportunities in this informative piece.

This article explores why 10 stocks have witnessed a decline in RSI and why assessing stock movements based on RSI is crucial. Join us as we analyze these stocks, offering insights for potential investors in their decision-making process.

Although selling pressure emerged from near 20,100 levels, there is no confirmation of any top reversal pattern forming at the new highs. But, a decisive up move above the 20,100-20,150 level is expected to bring more upside towards 20,350-20,450 levels in the near term. Immediate support is placed at 19,950 levels, said Nagaraj Shetti of HDFC Securities.

In Wednesday's trading session, the Sensex rose around 245 points, concluding at 67,466. Within this upward trajectory, four stocks from the BSE FMCG index achieved their highest prices in the past 52 weeks. The 52-week high is of substantial importance to particular traders and investors because it serves as a crucial technical indicator for assessing a stock's present worth and predicting potential price fluctuations. This figure signifies the peak price at which a stock was exchanged throughout the previous year.

After Tuesday’s correction in the small and midcap space, many pharma stocks gave a good up move by forming a new all-time high on Wednesday. Ajanta Pharma gave an excellent breakout in daily and weekly timeframe but gave back gains in the second half

Major megacap growth stocks including Tesla, Meta Platforms, Microsoft and Amazon.com gained between 1.1% and 2%, with U.S. Treasury yields coming off the day's highs

Goldman Sachs, Equity International, and ACIC Mauritius-backed Samhi Hotels is set to launch its initial public offering on Thursday, September 14. And the issue can be subscribed till Monday, September 18. At the upper price band, the hotel chain player is looking to raise Rs 1,370 crore from the primary market.

Indian equities ended on a positive note in Wednesday’s session led by strong support from the banking and pharma space. Benchmark Sensex rose for a ninth straight session while Nifty closed above the record 20,000 mark for the first time as positive macroeconomic data triggered buying in banking, energy and telecom shares. The 30-share BSE Sensex settled at 67,466.99, up 246 points or 0.37% in the longest winning streak in the last five months. As many as 20 Sensex shares closed in the green while 10 declined.The broader Nifty closed above the 20,000 mark for the first time, rallying 77 points or 0.38% to 20,070, its all-time closing high. Of 50 Nifty shares, 31 closed higher and 19 declined.Reversal from the lower levels in the mid and smallcap space also provided a boost to the headline index. Sectorally, buying was broad-based, except for the Auto and IT spaces that witnessed selling pressure."Following a flat opening, the Nifty continued higher and closed above 20000 for the first time. Nifty has a strong support near 19900-19950 levels. Traders should hold the long position in Nifty with a stop loss of 19900 levels. If Nifty closes below the mentioned support we can witness further profit booking. If Nifty crosses 20110 levels it can move higher towards 20200-20250 levels and above,” said Rupak De, Senior Technical analyst at LKP Securities, said.Here are the stock recommendations for Thursday:

A qualified chartered accountant and company secretary, Sonthalia served as an Executive Director and CIO for PMS, Alternates, and Offshore Investments in Motilal Oswal AMC and managed assets worth nearly Rs 6,500 crore

The PFC had proposed to issue bonus shares by capitalising securities premium account to the extent that each shareholder is entitled to a new equity share of Rs 10 each for every four equity shares of Rs 10 each

The value of foreign portfolio investors' holdings in the domestic equities reached USD 626 billion in the three months ended June 2023, which was 20 per cent higher from the year-ago period, according to a Morningstar report.

On Monday, the S&P BSE Sensex rose more than 200 points while the Nifty50 closed just a shade below 19400 levels. Sectorally, buying was seen in utilities, power, metal, and capital goods sectors.

This article delves into the concept of RSI and its role in evaluating stock movements, particularly those showing upward trends. With StockEdge reporting 17 stocks trending up on Friday, August 18, ETMarkets has spotlighted 10 promising stocks for analysis. By exploring the interplay between RSI and stock trends, investors can glean valuable insights to guide their investment decisions.

This article delves into the concept of the Golden Crossover, explaining its significance and why it's crucial for evaluating stock movement. With Trendlyne identifying over 40 Nifty stocks experiencing the Golden Crossover, ETMarkets narrows the focus to 10 stocks that exemplify this pattern's potential.

After a decent opening at Rs 265 on BSE and Rs 262 on NSE at 10 am, JFSL stock soon fell under selling pressure amid block deals. It ended the day 5% lower at Rs 248.90 on NSE and at Rs 251.75 on BSE.

This article delves into the significance of RSI in assessing stock movements, particularly in overbought stocks. Examining 16 stocks that experienced bearish or declining RSI while being in the overbought zone, ETMarkets highlights 10 stocks as potential case studies.

The Indian rupee remained almost flat against the dollar, closing at 83.1075, due to dollar-selling intervention by the central bank. Rupee was able to withstand the trend of declining Asian currencies. It is speculated that the Reserve Bank of India carried out transaction in the NDF and OTC markets to curb the rupee's fall towards its record low last year.

Gold price climbed Rs 50 to Rs 59,300 per 10 gram in the national capital on Monday, according to HDFC Securities. The precious metal had ended at Rs 59,250 per 10 gram in the previous trade.

TVS Supply Chain Solutions is set for share allotment on August 16, where investors will receive shares by a lottery basis. Checking the allotment status is available through the BSE or by visiting the registrar's website. Its shares are expected to get listed on Aug 23 at an 11% premium price.

Closing Bell: Sensex ends 267 points higher after 2-day break; Nifty tops 19,350; Adani Ports jumps 3%, Tanla drops 5%.

On its market debut day, shares of Jio Financial Services ended with a 5% lower circuit. From Sensex stocks, Power Grid and IndusInd Bank were the top gainers, rising over 2% each

Veer Global Infraconstruction, a real-estate developer, has announced a 1:1 bonus issue, trading ex-bonus on August 22. The bonus shares will carry the same rights as the existing equity shares, will rank equally, and will entitle shareholders to participate in full in any dividend and corporate actions recommended.

August 18, 2023, marked a significant day for the stock market as several stocks surpassed their 50-day Simple Moving Averages (SMA). This achievement signals positive momentum within these companies and their potential for growth. Let's delve into these developments and learn more about the businesses behind these stocks.

As of August 18, Friday, ETMarkets identified the overbought status of the chosen stocks. Given the dynamic nature of markets, remember that market conditions can change rapidly. The status of stocks trading in an overbought zone on August 21, Monday, will be updated after market hours.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0-100. The data considers the time period of 14 days to compute RSI. Furthermore, apart from determining the likely uptrend or uptrend, RSI also enables an understanding of the stock’s overvalued or oversold state. So, here are large, midcap stocks which signal a possible uptrend in the near term. Note: The data is of the previous session i.e. August 18 as today’s data would be updated EoD. (Source: StockEdge). In case the RSI has crossed above 50 then it is a bullish signal.