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A 5-year swing high represents the highest price a stock has reached within five years. This level often acts as a significant resistance point, where the price has historically struggled to move beyond.

Indian benchmark indices Sensex and Nifty50 opened flat as investors anticipate the RBI s policy announcement. Expectations are for unchanged rates and a dovish stance due to rising external risks, including proposed U.S. tariffs. Bharti Airtel and Adani Ports saw gains, while Sun Pharma and Infosys traded lower.

This scan indicates an uptrend when the Relative Strength Index (RSI) value crosses above 50 from below

Pharma stocks such as Sun Pharma, Cipla, Dr Reddy’s Laboratories, Lupin, and others will be in focus on Wednesday after US President Donald Trump said tariffs on imported pharmaceuticals could rise to as high as 250%. The proposed tariffs would start at a lower rate but escalate over time, he said in a CNBC interview.

NSDL shares debuted on the stock exchanges on August 6, achieving a premium over the IPO price of Rs 800. The Rs 4,012 crore IPO witnessed substantial oversubscription, particularly from QIBs. NSDL, a key player in India s dematerialized securities market, reported revenue and profit growth in FY25, attracting long-term investors due to its institutional importance and dividend history.

Despite market gains, HNIs booked profits in stocks like Swiggy and Waaree Energies, signaling a sell-on-rise strategy. While some analysts remain optimistic, profit booking and portfolio reshuffling may be driving HNI exits. Retail investors should note that even wealthy investors prioritize taking profits when stocks surge.

When the closing price moves above the VWAP, it signifies that the stock closed higher than the average price at which it was traded throughout the day – an average weighted by trading volume.

The Indian rupee inched up on Wednesday, notching small gains before the central bank s policy decision, set against the backdrop of fresh trade frictions with the United States.

Indian government bond yields were unmoved in early deals on Wednesday ahead of the Reserve Bank of India s monetary policy decision, with market participants betting on a dovish tilt.

Reliance Power shares have plummeted 31% in a month amid regulatory scrutiny and Anil Ambani s ED questioning over alleged loan fraud. Technical indicators signal a bearish trend, with the stock trading below key moving averages. Analysts advise caution, suggesting investors avoid new entries and consider exiting existing positions until stability is confirmed, given the ongoing investigations and reputational risks.