ETMarkets has collated a list of major large, midcap counters whose RSIs have crossed the 70 mark from below, suggesting an overbought state. Typically, this situation hints at a sell signal on the counter. Note the data is from the previous day. (Source: StockEdge)

MACD or Moving average convergence divergence is a momentum indicator used in stock market technical analysis. The metric shows the relationship between two moving averages of prices. For calculating MACD, 26-day EMA is subtracted from the 12-day EMA. The indicator is used to trade trends, too. Herein, the crossover of the two lines offer trading signals. Also, a 9-day EMA of the MACD called the signal line is plotted on the top of the MACD, which provides the likely trading strategy in a stock i.e. a buy or a sell.

For better prediction of future trends and prices of stocks, technical analysis tools are now widely used. Among them one of the indicators or tools is the Average Directional Index (ADX). Here we have collated the list of 5 major stocks that are entering the consolidation phase after a strong trend as the ADX of these counters has crossed 40 from above. (Source: StockEdge). Please note the data is considering the previous session’s data as today’s data will be updated EOD.

This article delves into the concept of overbought stocks and their implications in the market. Highlighting data from a recent screener, we explore 10 stocks that are currently trading in the overbought zone, shedding light on the significance of the Relative Strength Index (RSI) as a valuable tool for assessing stock movements.

An interesting thing to note is the section that is attracting retail money the most on Dalal Street. Retail investors are overwhelmingly present in mid-and small-cap stocks, a segment that risk-taking institutional investors typically stay away from. As of June end, the top 10 companies where retail holding was the highest are Ujaas Energy, Sintex Plastics, Visagar Polytex, Antarctica, Vikas Lifecare, Urja Global, MPS Infotecnics, Ortin Laboratories, Rolta India, Reliance Capital.

In this article, we delve into the significance of the Relative Strength Index (RSI) as a valuable tool for assessing stock movements. Highlighting the findings from a recent screener, we explore 10 stocks that exhibited a downward trend in RSI, offering insights that potential investors can use to make informed decisions.

An analysis of the June quarter shareholding pattern shows that HDFC Bank saw one of the highest increases in HNI ownership, followed by Jhunjhunwala-owned Star Health and Radhakishan Damani's Avenue Supermarts.

"The market was supported by stocks that reported strong results. The first-quarter corporate earnings season overall was very strong," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.

After forming a new high, Nifty has moved into a phase of correction But the market participation continues to rise. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

"Hiking the CRR would have had monetary policy connotations, so the temporary increase is aimed to be a non-disruptive way of dealing with the issue of excess liquidity in the system in the backdrop of the recent demonetisation of the Rs 2,000 notes," Aurodeep Nandi, India Economist and Vice President at Nomura, said.

RBI mandated banks to maintain the ICRR at 10% of the net demand and time liabilities (NDTL) between May 19 and July 28. The Monetary Policy Committee (MPC) of the RBI led by Governor Shaktikanta Das today kept the repo rate unchanged at 6.5% while increasing the inflation estimates for FY24 to 5.4% from an earlier estimate of 5.10%.

"Hiking the CRR would have had monetary policy connotations, so the temporary increase is aimed to be a non-disruptive way of dealing with the issue of excess liquidity in the system in the backdrop of the recent demonetisation of the Rs 2,000 notes," Aurodeep Nandi, India Economist and Vice President at Nomura, said.

The company received 3.4 crore average monthly unique visitors for Q1 FY24, of which 85% were organic, the company filing claimed. The number of listings for auction was 250,103 for Q1 FY24 while the volumes sold via auction was 49,112 during the reporting quarter.

Even as the pace it was moving upward has slowed, the nifty auto index is still in bullish mode. Infact it was the one first sectoral to start moving upward and form a new high. 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.

PNB Housing Finance stock with a market capitalization of more than Rs 16000 crore trades at a P/E multiple of 13.97x and an Earnings Per Share (EPS) of 45.11, BSE data showed. The stock gave a breakout from a falling trendline resistance on the monthly charts which is a positive sign for the bulls.

Max Financial Services also reported its June quarter earnings where the financial services entity reported over 47% year-on-year (YoY) jump in its net profit. The consolidated net profit for the period stood at Rs 101.13 crore which was up Rs 68.48 crore posted by the company in the year-ago period.

The stock witnessed a strong buying action with over 6.49 crore shares changing hands on the NSE around 9:35 am.QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, or any securities, other than warrants that are convertible into equity shares, to qualified institutional buyers.

An analysis of the June quarter shareholding pattern shows that HDFC Bank saw one of the highest increases in HNI ownership, followed by Jhunjhunwala-owned Star Health and Radhakishan Damani's Avenue Supermarts.

While the policy stance was on the expected lines, the RBI’s decision to impose an incremental Cash Reserve Ratio (CRR) of 10% of NDTL on banks dampened Dalal Street’s mood. The Nifty 50 and Sensex shed 0.5% each to 19542.65 points and 65679.49 points, respectively. Nifty Bank index fell 0.5% to 44662 points.

Shares of renewable energy firm Suzlon jumped around 5% after the company launched a QIP to raise up to Rs 2,000 crore. Max Financial Services rose about 10% as Axis Bank agreed to buy an additional 6.23% stake in the insurance company.

A dividend is a share of profits and retained earnings that a company pays out to its shareholders. According to StockEdge data, here are 10 stocks that are paying a consistent dividend to their investors. Interestingly, these companies have paid dividends up to 56 times since 2011.

"Strong balance sheet with net debt to equity of 0.02x makes Royal Orchid an attractive buy. We see net profit growth @CAGR of 32% for FY23-25 due to lower growth in depreciation and interest cost. We have a target of Rs 549," Sandeep Raina, Executive Vice President- Research, Nuvama Professional Clients Group, said.

The decision to leave rates unchanged was unanimously voted by the 6-member MPC panel, while the need to retain the stance was voted by 5 out of 6 members.

Banks, IT and FMCG stocks led the downside while buying was seen in media, metals, pharma and realty stocks. Shares of renewable energy firm Suzlon jumped over 4% after the company launched a QIP to raise up to Rs 2,000 crore. Max Financial Services rose over 8% as Axis Bank agreed to buy an additional 6.23% stake in the insurance company.

Nifty had a weak day for most part. But it rebounded to close with a gain.

Sensex drops 200 points, Nifty holds 19,600 ahead of RBI policy outcome; ZEEL jumps 3%, V-Gaurd sheds 2%; L&T, Maruti, M&M are some of the gainers in the morning trade.

BofA has a buy view on the Zomato counter for a price target of Rs 110. It sees momentum remaining strong with a clutch of catalysts likely helping the company to further get a re-rating. The platform fee, World Cup and Swiggy IPO re-rating could be the likely triggers. Blinkit shareholder lock in expiry opens August 5

Apollo Tyres’s daily trend is bullish to sideways. RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 400 and 440. Let’s plan a trade around this.

In the Nifty500 pack, we have collated a list of 5 stocks that witnessed a 5-year swing high at the close on August 9, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a lookA 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 stockHowever, 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

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Vaishali Parekh has a buy/sell recommendation on Nalco and Onmobile Global while Nooresh Merani has a buy/sell recommendation on Indusind Bank and ONGC for today's trading session. Check out the targets and stoploss.

The SoftBank-backed company has been in turmoil ever since its plans to go public in 2019 imploded after investors recoiled at its hefty losses, corporate governance lapses and the management style of then founder-CEO Adam Neumann

GIFT Nifty on the NSE IX traded 4.5 points, or 0.02 per cent, lower at 19,607.50, signaling that Dalal Street was headed for flat start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.

Six stocks with a market cap of over Rs 250 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on August 9.

In the Nifty500 pack, 8 stocks crossed above their 200 DMA (Daily Moving Averages) on August 9, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders to determine a particular stock's overall trend. 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.

Stocks that were in focus include names like Varun Beverages, which rose 0.34%, Gland Pharma, which gained 3.04%, and Kalyan Jewellers, whose shares jumped 2.73% on Wednesday.

The announcement of a U.S. ban on investments in sensitive technologies in the world's second-largest economy also weighed on sentiment.

The management of TVS Supply Chain shares crucial information in the company's IPO, including its upcoming plans and other details.

"The markets today are just kind of waffling around. And the reason for that is tomorrow is going to be the CPI report for July being released", said Jason Krupa, vice president of asset management at Lenox Advisors.

Axis Bank has received approval to infuse Rs 1,612 crore in Max Life Insurance by subscribing to shares on preferential basis.

"Gail has been maintaining an uptrend since 2004 however the pace of rise is gradual, with intermediate corrective phases. It has recently witnessed a breakout from a consolidation band of 80-110 levels after spending nearly 2 years. We thus recommend accumulating in the mentioned range," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd., said.

Indian engineering major L&T has committed up to $4bn to its green hydrogen businesses alongside joint venture partners Indian Oil Corporation and ReNew. The sum will be invested over between three and five years. L&T has already signed a deal with McPhy Energy for the manufacture of electrolysis units and an exclusive licensing deal to use the company's pressurised alkaline electrolyser technology.

Smaller local players in India, such as Parle, Britannia and Hindustan Unilever, have entered the biscuit, tea, detergent, oil and snacking sectors, nibbling away at larger companies' market shares as the price of raw materials has lowered. During deflationary times, regional rivals give more value to consumers by offering extra grammage and are more nimble with product launches.

Indian engineering major L&T has committed up to $4bn to its green hydrogen businesses alongside joint venture partners Indian Oil Corporation and ReNew. The sum will be invested over between three and five years. L&T has already signed a deal with McPhy Energy for the manufacture of electrolysis units and an exclusive licensing deal to use the company's pressurised alkaline electrolyser technology.

India1 Payments, in which ICICI Ventures has about 49% stake, is promoted by Australia’s Banktech group. The company plans to leverage its customer base using its white-label ATM platform by being an account aggregator and connecting those interested in small-ticket loans with the potential lender. This could earn the company a fee-based income for the concluded transactions.

"The matter largely relates to an industry-wide issue on applicability of GST on salvage adjusted and ineligible input tax credit, on motor claims settled. The company has deposited Rs 104,13,18,970 under protest, without accepting any liability in this regard," it said.

In a Goldilocks situation, an economy sees a mix of steady growth and low inflation. India's economy has been seen to be stable in an uncertain global environment in the past few months.

Against the 182.2 million units on offer, representing a 7% stake, the OFS received bids for 150.2 million units. At the floor price of ₹155 per unit, Brookfield sold units worth ₹2,331 crore, roughly a 6% stake.

In its petition, Reliance ARC has raised concerns over the Swiss Challenge Auction process, according to a lawyer source. The concern is that when an ARC makes a bid to buy a troubled asset or a nonperforming asset (NPA), it automatically becomes an initial bidder and this gives the ARC the exclusive right to match any bid that comes in during the Swiss Challenge Process, the lawyer explained.

The company says it has fixed a floor price of Rs18.44 per share for the QIP, which is a 5.7% discount from the stock's closing price of Rs19.56 per share on Wednesday on the BSE

​​Surplus liquidity, as measured by the quantum of extra funds that banks park at the Reserve Bank of India’s (RBI) absorption window, averaged `2.48 lakh crore a day in August, the highest since June 2022.