Latest Stock Market News

A long buildup, marked by rising open interest and volumes with stock price increases, indicates bullish trends. On Tuesday, five stocks saw new long positions.

The Relative Strength Index of the stock stood at 53.12 on Tuesday.

A total of 4,498 shares changed hands on the counter till 10:50AM (IST)

Logistics company Western Carriers (India) Ltd is looking to raise Rs 500 crore through its initial share sale, which is set to open for public subscription on September 13.

The Nifty Bank index closed 1.07 per cent up at 51117.8.

Dabur stock prices have been on an upward trend since April 2024, recently breaking out of an inverted Head & Shoulders pattern. Trading at Rs 662.35, the stock has surpassed its Rs 660 resistance level. Analysts suggest it could target Rs 700-715, with immediate support at Rs 635.

It’s a mixture of stellar results and liquidity backing the rally. Banking as a percentage of the Nifty 50 index is nearly 18%, and these banking companies have delivered solid growth on the top and bottom lines.

Brokerage firms have shared their latest ratings on various companies. Citi has a neutral view on Infosys, InCred holds SBI Life, CLSA rates ICICI Bank as outperform, Morgan Stanley is overweight on Suzlon Energy, and Goldman Sachs recommends buying Marico. These ratings reflect current market trends and company performance.

Seven stocks, including Aditya Birla Fashion and Retail, Balrampur Chini, and Bandhan Bank, are under F&O trade ban as their open interest crossed 95% of market-wide position limits. The ban is lifted only if open interest falls below 80%. Nifty and Sensex closed higher, driven by banks and FMCG stocks.