Sectorally, buying was seen in infrastructure, utilities, power, public sector and capital goods while selling was seen in FMCG and healthcare stocks. Stocks that were in focus on Monday include names like BLS International, which rallied more than 14% to hit a fresh 52-week high; Hindustan Copper, which gained over 10%, and IRFC that closed over 9% higher to hit a fresh 52-week high

After forming a series of higher highs and higher lows over the last 2 months, Nifty seems to have formed minor degrees of lower highs and lower lows in the last 4-5 sessions amidst range movement. This pattern could be reflecting ongoing consolidation in the market.

In this article, we explore the concept of RSI, its significance in analyzing stock trends, and delve into the top 10 stocks, carefully selected by ETMarkets, that are currently trading in the overbought zone with bearish RSI trends, based on data sourced from StockEdge on July 28, Friday

"The Board decided to honor, with a special dividend - One for Each Magnificent Decade -in which Mr Naik transformed L&T.The Rs 6 dividend to shareholders is only a token of our affection, esteem, and, most importantly, gratitude towards A M Naik," SN Subrahmanyan said.

The Golden Crossover is a popular technical chart pattern that occurs when a stock's short-term moving average (usually the 50-day Simple Moving Average or SMA) crosses above its long-term moving average (typically the 200-day SMA). This formation is considered a bullish signal, suggesting a potential upward trend in the stock's price

The Relative Strength Index (RSI) is a popular momentum oscillator used by traders and investors to gauge the speed and change of price movements in a stock

As observed on July 28, 2023, stocks crossing their 50-day SMA have presented potential opportunities in various sectors, such as fintech, power generation, chemicals, pharmaceuticals, industrial manufacturing, packaging, energy, hospitality, and specialty chemicals.

The Relative Strength Index (RSI) is a powerful tool that helps investors assess stock movement and momentum. RSI values above 50 indicate an uptrend, while values below 50 suggest a downtrend. ETMarkets handpicked 10 trending stocks based on upward momentum in their RSI

India's State Bank of India (SBI) accepted bids worth INR100bn ($1.22bn) for 15-year infrastructure bonds at a rate of 7.54%. The lender received bids totalling around INR217bn against its base of INR50bn. Strong demand

In this article, we delve into the significance of the Relative Strength Index (RSI) in stock trading and explore the top 10 stocks, identified by ETMarkets, which witnessed a downward trend in RSI on July 28, Friday

In 2014, the Japanese automaker proposed to set up a separate manufacturing unit in Gujarat, to tap the fastest-growing demand.With an aim to tap domestic demand and drive exports from India, Suzuki Motor established SMG in March 2014. In October 2020, SMG became the fastest production site of Suzuki to achieve accumulated automobile production of 1 million units.

ITC demerger has been making headlines ever since its announcement. The company told analysts that it won't be a buyer in case a large shareholder like BAT wants to exit the hotel business following its demerger into a new subsidiary.

Tata Chemicals and Whirlpool of India showcased strong bullish momentum as their stock prices crossed above the 200-day Simple Moving Average (SMA). This indicates positive market sentiment and potential upward trends for these companies.

Benchmark equity indices Sensex and Nifty closed over half a per cent higher on Monday, snapping their two-day falling streak on buying in index majors Reliance Industries and Tata Consultancy Services and firm global cues. The 30-share BSE Sensex jumped 367.47 points or 0.56 per cent to settle at 66,527.67. The index opened lower but later rebounded from early lows and hit a high of 66,598.42 as power, oil, IT and FMCG shares advanced. The NSE Nifty climbed 107.75 points or 0.55 per cent to end at 19,753.80.

Companies like IRCTC, Laxmi Organic Industries, Gujarat Gas, Petronet LNG, Eicher Motors, and TCNS Clothing, showcasing strong performance in their respective sectors. Let's explore the performance of these stocks.

As per the stochastic oscillator i.e.a momentum indicator, some of the below-specified largecaps are in the oversold zone. As per the Stochastic indicator, the stock is said to be in an oversold zone when the slow Stochastic value is below 20.

The interests earned during the quarter stood at Rs 289.14 crore, up 12% year-on-year from Rs 258.37 crore in Q1FY23. Interest expended was Rs 170.51 crore, up 20.8% YoY from Rs 141.07 crore in April-June quarter of the last financial year

In the Sensex pack, NTPC and Power Grid were the top gainers, rising over 3% each. Tech Mahindra, Tata Steel, TCS, Wipro, Maruti, JSW Steel, and Tata Motors also ended with gains. On the flip side, Bajaj Finance, Kotak Bank, HUL, ITC, and Bharti Airtel ended with cuts.

Marico's June quarter performance and outlook drew varied opinions from brokerages post the earnings. While Motilal Oswal has dubbed the company's focus on diversification towards food and digital first brands to do the trick for the company, Nuvama revised its targets upwards. Kotak expects top line growth to remain muted.

The candidate applying for the position is required to have at least 20 years of experience in dealing with problems related to the securities market or special knowledge or experience of law, investigation, finance, economics and accountancy, among others.

Revenue from operations during the reporting quarter increased 17% year-on-year (YoY) to Rs 3,664 crore. The company had clocked revenues of Rs 3,132 crore in the year-ago period.

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 and 100. Herein the StockEdge data takes into consideration 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 5 Nifty 500 largecaps that signal a possible uptrend in the near term. Note: The data is of the previous trading session i.e. July 28 as today’s data is updated EoD. (Source: StockEdge). In case, the RSI moves higher above 50, this is a bullish signal.

The Indian stock market experienced an exciting day of trading on July 31, with the BSE LargeCap segment witnessing a surge in multiple stocks. Reaching a new 52-week high indicates a strong positive sentiment around these companies, possibly presenting potential investment opportunities.

Piramal Enterprises reported a profit of INR 508.78 crore ($68.65m) in the June quarter compared to INR 8,155.47 crore ($1.1bn) in the same period last year. The earnings saw Piramal's stock plummet 8% to INR 986 in BSE trading. The firm has also revealed plans to buy back up to INR 1,750 crore ($235.7m) worth of shares at a price of INR1,250 ($16.87) per share. Piramal's stock has risen more than 20% this year.

Domestic brokerage firm ICICI Securities reiterated its Buy rating on the stock with a target price of Rs 850, which indicates an upside potential of 24% from the current market prices.

London's benchmark FTSE 100 index opened flat at 7,694.53 points, with traders sitting tight before the BoE decision on Thursday

The Director General of Civil Aviation (DGCA) on Friday, July 28, re-issued the Air Operator Certificate (AOC) which expired on May 19, 2023, as the airline did not start operations after getting an AOC from the DGCA on May 20, 2022, PTI reported.

Its net interest income rose 32% YoY to Rs 793 crore, while the net interest margin was down 40 basis points to 9.2% due to the lagged effect of the deposit rate rise. Gross non-performing assets stood at 2.4% against 5.9% a year back. Net NPA was at 0.06%.

The Government of Singapore (GoS) is a prominent investor in Indian equities through the foreign institutional investors' platform. In the June quarter shareholding report, they made a public disclosure of their ownership of 50 BSE-listed stocks, which had a collective value of approximately Rs 1,79,000 crore as of July 28. This list includes companies where the GoS holds more than 1% stake, though it may not cover all their investments. ETMarkets has identified eight stocks in GoS's portfolio that have shown significant share price growth of 40-100% in 2023 so far. Additionally, during the June quarter, the GoS portfolio saw the inclusion of new stocks such as Apollo Tyres, Hindustan Aeronautics, Kotak Mahindra Bank, Shriram Finance and Varun Beverages. To gain insights, let's explore the top-performing stocks and the newly-added stocks in GoS's portfolio. (Data Source: ACE Equity)

The benchmark Japanese government bond yield rose to a nine-year high of 0.605% to start Monday trading, and then eased to 0.59%, after investors had the weekend to digest the BOJ's de facto doubling of the policy ceiling under yield curve control (YCC) to 1%.

HMCL is a pure play in the domestic 2W industry and its core strength lies in the 100cc motorcycle segment. Scooters account for just 8% of the company’s volumes.

China is one of the biggest consumers of metals. Be it copper, aluminum or steel. When the global market gets indication that the Chinese government is planning a push for its real estate market or giving any kind of stimulus then metal prices tend to firm up. One of the reasons why only large companies are in focus could be the fact that with the bumper earnings which these companies have made in the last two years,some of them have reduced their debt.

Following IDFC Bank's April-June quarter earnings on Saturday, Motilal Oswal reiterated 'Buy' rating while Nuvama recommended a 'Hold' on the counter.

Operating profit, calculated as earnings before interest, taxes, depreciation, and amortization (EBITDA), grew by nearly 17% on the year to Rs 11,369.40 crore. Operating margin expanded a sharp 471 basis points to 29.06%.

Except for the last one week in which nifty witnessed some cuts which can be called as consolidation, nifty and sensex have been moving higher for the last one month. During this period, some stocks have witnessed consistent improvement in their scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

As part of the demerger plan, ITC has chosen to keep a 40% stake with itself and give the rest to existing shareholders. The share ratio would be finalised by the ITC board at its meeting on August 14. Investors are also expecting that the spin-off of the hotels business is the first step after which other non-cigarette businesses could also be demerged.

The company's gross non-performing assets rose to 2.41% of gross advances as of June 30, against 2.24% a year ago. Similarly, net non-performing assets increased to 0.89% from 0.78% a year ago.

After four weeks of winning streak, the Nifty declined 0.5% in the last week after the US Fed hiked the interest rate by 25 bps. However, a host of analysts are positive and shared their tech views on particular stocks that can rally up to 11% in the short term. These stocks include Tata Chemicals, Tata Power, and LIC Housing Finance. Here is a list of 7 tech picks from various analysts:

The stock rose from Rs 1,244 recorded on 26th April 2023 to Rs 1,667 as on 26th July 2023 which translates into an upside of 34%. The stock also gave a breakout from a 6-week consolidation of a Flag pattern on the weekly charts which has opened room for the stock to head towards Rs 1,900 levels.

UBS has put a price target at Rs 150 for GAIL arguing that the utility nature of the business could lead to re-rating in the stock. India's higher gas demand and GAIL's coming pipelines to drive 8% volume CAGR.

Power Grid Corporation of India’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 240 and 260. Let’s plan a trade around this.

“Tata Motors aims to increase its market share in electric vehicles and plans to invest £15 billion in the EV market through its division, Jaguar Land Rover (JLR), over the next five years. We recommend a buy with a target of Rs 800 in the next 1-1.5 years,” Girish Sodani, Head of Equity Market at Swastika Investmart Ltd, said.

"Investors are becoming more tech-savvy and are looking for strategies that can give them an edge in the market. The power of any investment strategy comes from its performance, and just as our analysis showed, our methods do extremely well in the Indian market," Sonam Srivastava, Founder & Fund Manager at Wright Research, said.

UBS upgraded Gail India to a buy with a target price of Rs 150. Business is turning from cyclical to structural.Zonal revenue recognition holds an upside to tariffs, but there is scope for further revisions. India's higher gas demand and GAIL's coming pipelines will likely drive an 8% volume CAGR.

Opening Bell: Sensex, Nifty dip marginally; Piramal Enterprises plunges 6%, Gland Pharma surges 7%.

Foreign investors raised their holding in RIL for the first time in six quarters in the three months ended June, albeit marginally. Their stake in the company rose to 22.55% as of June end, from a 26-quarter low of 22.49% in the preceding quarter, shareholding data showed.

The NIFTY50 was under pressure the whole day. But it put up a fight towards the end of the day to end flat.

Mahanagar Gas among 5 Nifty 500 smallcaps signalling positive trend: Here’s why

From the Sensex pack, Asian Paints, HUL, ITC, Bajaj Finance, Maruti, and Sun Pharma opened with losses, while Power Grid, Tata Motors, NTPC, JSW Steel, and Tata Steel opened with gains.

Six stocks with a market cap of over Rs 1000 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 July 28.