On the domestic equity market front, the 30-share BSE Sensex closed 106.62 points or 0.16 per cent lower at 66,160.20. The broader NSE Nifty fell 13.85 points or 0.07 per cent to 19,646.05.

RSI or Relative Strength Index is used to know about stocks that are overbought, the stocks that are trading at a price higher than its fair or intrinsic value. Here's a list compiled by ETMarkets of major large, midcap counters that are signaling an overbought state. (Source: StockEdge)

5 counters crossed their 50-day Simple Moving Average (SMA) on July 27, 2023. Marico and Zydus Wellness take the lead, alongside other prominent companies like Havells India and TCI Express, showcasing positive market momentum and growth potential

RSI is a technical indicator that measures the magnitude of recent price changes in a stock to evaluate its overbought or oversold status. Ranging from 0 to 100, RSI above 70 indicates overbought conditions, while RSI below 30 indicates oversold conditions

The rollover of positions to the August derivative series of Nifty50 was higher than the three-month average, and the open interest was also higher than that at the beginning of the July series.

Public and privately held Indian firms can now list their shares on the International Financial Services Center at Gujarat International Fin-Tec City, Finance Minister Nirmala Sitharaman announced at a briefing Friday.

In the last four years, only once has the stock of IDFC bank seen an up move of more than 5 percent in the first trading session after its quarterly results. That was when its Q1 of FY 23 results were announced. So all the traders who have bought call and put options have low probability of making those returns which they expect if there is sharp movement in the stock price post result. Whereas within one week of its quarterly results, the stock has seen movement in both directions which would have given option traders returns. So check some facts and figures, before making a decision to take a trade or invest on the day of result.

The central bank has for years embarked on a process known as yield curve control (YCC) whereby it allows government bonds to move in a narrow band as part of a drive to boost the long-struggling economy.

The Paris CAC 40 fell 0.3 percent to 7,441.70 points despite data showing the French economy grew 0.5 percent in the second quarter, well above forecasts.

Discover the significance of RSI in assessing stock movements as ETMarkets selects 10 stocks from the pack of 34 that have witnessed RSI trending down. This article delves into the concept of RSI and why it is crucial for potential investors to analyze RSI movement when making informed decisions in the stock market.

Under the proposed donation, Motilal Oswal and Raamdeo Agrawal will offload 73.97 lakh shares each. The combined value of the donation amount through stake sale is about Rs 1,240 crore.

With Indian share prices near record highs, drawing increased retail investor interest, the regulator is concerned smaller players could suffer losses on derivatives if markets turn volatile.

According to the appellate tribunal, the imposition of penalty by the regulator was without any authority of law, and it believes there was no violation of regulations by Ambani.

8 BSE LargeCap index stocks achieved new 52-week highs, with Dr Reddy's Laboratories and Bharat Forge taking the lead. Other prominent companies like Lupin and NTPC also demonstrated strong market momentum, contributing to the index's impressive performance.

With Indian share prices near record highs, drawing increased retail investor interest, the regulator is concerned smaller players could suffer losses on derivatives if markets turn volatile.

The narrative is that monsoon is a bad time for some sectors, anything linked to construction, whether it is spending on infrastructure by the government or private spending on home building. However, sometimes, those cycles and narratives are an opportunity which can be utilized for long term investing.

The traded value of the share stood at Rs 7,090.83 crore at 11:35 am with the total market capitalisation on the NSE standing at Rs 9,315.58 crore.

According to information available on NSE, the board earlier announced the sub-division (split) of equity shares in the ratio of 1:1. That means each share of the company with a face value of Rs 2 is split into two shares with a face value of Re 1 each. The firm had fixed the 28th of July as the ex-split date.

In its recent analysis, ETMarkets primarily focused on stocks within the BSE smallcap index where major institutional investors, such as mutual funds (MFs), have been reducing their stakes. During the four consecutive quarters from September '22 to June '23, around 43 of these stocks saw a decrease in ownership by MFs. Interestingly, despite this consistent reduction in MF holdings, approximately 29 out of 43 stocks have managed to achieve double-digit price growth over the past year. Our analysis identified seven outstanding stocks among them that underwent remarkable surges, transforming into multibaggers within a year. (Data Source: ACE Equity).

Despite having eroded over 95% of investor wealth in the last five years, shares of private sector lender Yes Bank remained India's widely owned stock. The latest shareholding pattern shows that Yes Bank had 49.04 lakh shareholders at the end of the June quarter. Meanwhile, Tata Steel, Reliance Industries, and LIC also have a large number of shareholders. Here's a list of 10 firms with over 30 lakh shareholders:

The government has decided to exercise the green shoe option, where it will sell an additional 1.96% stake. Friday is the T+1 day, and retail investors are allowed to place their bids. About 10% of the offer is reserved for allocation to retail investors subject to the receipt of valid bids.

In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. But in the last week, while the financial services part of the index has done well, some pressure was seen on the banking side of the index. We take a look at what analysts are saying for all the financial service stocks which are part of the Nifty financial services index.

Despite having eroded over 95% of investor wealth in the last five years, shares of private sector lender Yes Bank remained India's widely owned stock. The latest shareholding pattern shows that Yes Bank had 49.04 lakh shareholders at the end of the June quarter. Meanwhile, Tata Steel, Reliance Industries, and LIC also have a large number of shareholders. Here's a list of 10 firms with over 30 lakh shareholders:

The world's largest tobacco company, British American Tobacco (BAT) which owns 29% stake in ITC, would end up owning about 17.4% stake in ITC Hotels after the demerger. It is being speculated that BAT may have little interest in owning a hospitality stock in its portfolio.

IEX's revenue from operations for the first quarter came in at Rs 104.03 crore, up 6% from Rs 98.35 crore in the previous year's quarter. Consolidated EBITDA stood at Rs 82 crore in the June quarter, however, the operating margin came in lower at 78.6%, compared to 82.1% in the year-ago period

The 50:50 joint venture entity Jio BlackRock has already announced that it aims to transform India’s asset management industry by delivering affordable and innovative investment solutions to millions of investors in India. The digital-first platform wants to democratise access to investment solutions for Indians.

Jefferies recommended a 'Hold' on Nestle India for a price target of Rs 19,900. The company witnessed a volume miss offset by margin expansion, the brokerage noted. Revenue growth was broad-based across cities and towns and also product segments. Like the packaged food story, but valuations are expensive, it said.

On Thursday, MOFSL reported strong Q1FY24 numbers with consolidated net profit multiplying nearly 17 times from the year-ago period to Rs 527 crore. Consolidated revenue from operations almost doubled to Rs 1,500 crore. The capital market business reported a strong 63% on-year growth in net profit to Rs 155 crore.

HSBC maintained a buy rating on Shriram Finance with a target price of Rs 228. A 4% profit beat was led by lower provisions despite higher-than-estimated operating costs.

The top ten Indian IT companies earned a total profit of Rs 26,368 crore in the June quarter of FY24. Meanwhile, TCS remained the highest profit-earning IT firm with Rs 11,074 crore in Q1. Here's the break-up of these companies' profits in Q1:

“We have a Buy rating on APL Apollo Tubes Limited (APL) with a target of Rs. 1,560. A strong earnings growth outlook and high return ratios would narrow the valuation gap with listed peers building material players like Astral (trades at 69x FY25E EPS) and make the risk-reward scenario favourable,” Abhijeet Bora, Deputy VP - Analyst, Sharekhan by BNP Paribas, said.

From the Sensex pack, Axis Bank, NTPC, Sun Pharma, TCS, HDFC Bank, and Tech Mahindra opened with cuts, while Bajaj Finance, M&M, ITC, Wipro, Infosys, and HUL opened with gains.

Opening Bell: Sensex falls 200 points, Nifty below 19,650; Motilal Oswal surges 8%, JK Lakshmi drops 4%.

India VIX was up by 0.50% from 10.45 to 10.51 levels in the previous trading session. Volatility witnessed some swings throughout the session and kept the index under pressure at higher zones.

FIIs have been steadily increasing their stake in Axis Bank in the last few quarters. In September quarter last year, they were holding 46% stake in the bank, and their current holding is likely at an all-time high.

In the Nifty500 pack, 5 stocks crossed above their 200 DMAs (Daily Moving Averages) on July 27, 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.

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 DLF and PNB while Vaishali Parekh has a buy/sell recommendation on Wockhardt for today's trading session. Check out the targets and stoploss.

In the Nifty200 pack, we have collated a list of nine stocks that witnessed a 5-year swing high at the close on July 27, 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.

Exide Industries’ 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 230 and 260. Let’s plan a trade around this.

The NIFTY opened on a strong note but then weakness crept in. The index closed the day with a loss.

Eight 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 27.

In the Nifty500 pack, 5 stocks crossed above their 200 DMAs (Daily Moving Averages) on July 27, 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.

The stock gains have come despite signs earlier this year of problems for Florida-based Tupperware Brands Corp. In April, it raised doubts about its ability to continue amid growing concern about weak sales, while in May it said it signed on investment bank Moelis & Co to help explore strategic alternatives.

In the short-term period, the stock has formed a strong price volume breakout pattern. The texture of the pattern suggests breakout action will continue in the near term if the stock succeeds to trade above the 1130 level.

The Nikkei newspaper reported the central bank will maintain its 0.5% cap for the 10-year government bond yield, but discuss allowing long-term interest rates to rise above that level by a certain degree. Reuters confirmed the central bank may make minor tweaks to extend the lifespan of its yield control policy.

Nifty futures traded 34 points, or 0.17 per cent, higher at 19,798, signaling that Dalal Street was headed for a positive start on Friday. Here's a slew of stocks that will be in focus today for various reasons.

The move would be intended to fix distortions caused in markets by the BOJ's heavy bond buying, and accompanied by steps to combat any abrupt rise in long-term rates, the paper said without citing sources.

The yen had earlier jumped about 0.5% on the report, gaining even as the dollar rose elsewhere after strong U.S. economic data and a toned down outlook from the European Central Bank.

The Nikkei newspaper reported the central bank will maintain its 0.5% cap for the 10-year government bond yield, but discuss allowing long-term interest rates to rise above that level by a certain degree. Reuters confirmed the central bank may make minor tweaks to extend the lifespan of its yield control policy.

"Sterling and Wilson Renewable Energy stock price has been trading in a consolidation zone for the past 1 year, but recently, we witnessed a strong breakout above its trendline supported with strong volumes. Traders can buy for a target of Rs 420 in the next 4-5 weeks," Jay Patel, Research Head at Investmentor Securities Limited, said.